Welcome to SIO Episode 6: Green Rush Meets Blockchain!
With both medical and recreational legal marijuana taking the USA by storm, the new gold rush has begun: The Green Rush. One of the major issues that the marijuana business faces is the lack of the ability to use banks which makes it a cash business. This is very expensive to run and maintain. Not only are you not able to conduct business as normal with using credit card machines or depositing cash, you also run a very high risk of internal theft of money, armed robbery, etc. The Cannabis Revolution have teamed with two blockchain teams to bring their TOKES token payment system to the marijuana industry. Both the WAVES Platform and Incent Loyalty know what it takes to run a successful ICO in the digital currency space. Now they lend their talents to assist the Cannabis Revolution to create their own crypto platform with the launch of their own ICO. This is one opportunity that merges two of the fastest growing and most exciting industries.
The ICO has already launched and you have 37 days left support this project and secure your TOKES tokens!
The WAVES Platform raised $16 Million in their ICO.
You can read about the WAVES Platform ICO by clicking here.
The WAVES blog on Medium stated:
WAVES have raised a whopping 30,094 Bitcoins ($16,010,008). 29634 Bitcoin were raised via the ICO website and 460 in NXT Asset Swaps. The very last days of the ICO saw a tsunami of bitcoins flooding in, where the net total doubled. The crowdfund lasted from April 12th to the 1st of June. The end result was the sixth largest crowdfund project and third largest cryptocurrency project ever. Great distribution and 5790 participants! Please check details.
Incent Loyalty raised $1.1 Million in their ICO.
You can read about the Incent Loyalty ICO by clicking here.
The website the-blockchain.com reported:
Incent, the first universal merchant-backed loyalty platform, today announced it has raised $1 million USD for its loyalty token. To date, the Initial Coin Offering (ICO) has raised more than 1,024 Bitcoin and more than 832,076 Waves, equaling more than $1 million USD. The Incent token crowdsale began on October 1, 2016 and continues until November 30, 2016 or until its cap of $5 million USD has been raised. Funds will be dedicated towards the development and marketing of Incent.
The Cannabis Revolution's ICO is live and opportunity is knocking!
This is an interesting opportunity to support a new company that will combine the TOKES token running on the WAVES Platform combined with the newly funded Incent Loyalty program. The funding will go towards funding a Medical Marijuana business in Nevada and creating a digital currency platform for the marijuana business. It's all backed by a token buyback program for investors.
Check out this interview by Coin Interview.
As usual, do your own due diligence and research. Only invest what you can afford to lose. Only invest money that you do not need a return on immediately. You are funding coins, tokens, software, and projects that may fail, or take long term holding before you may see any profit.
I hope your enjoyed this episode of SIO. Remember to upvote, reply, and follow @framelalife
Note: All images and screenshots were pulled from the The Cannabis Revolution, WAVES Platform, and Incent Loyalty websites and Twitter pages.
You can follow them on Twitter here:
Check out prior SIO episodes here: