Big Integration News on the Horizon
We have a large development that we’ve teased in prior months which we will soon make a formal announcement around. Followers of Multichain Ventures and the Tokes Platform are well aware of the efforts the team has undertaken in the last two years to integrate tokenized payments into all levels of the legal cannabis vertical (e.g., consumer, retailers, suppliers, government/taxation). The progeny of these efforts has yielded an upcoming integration coming later this year that we are excited to share the details around. Once formal agreements have been signed we will make several announcements about this new development.
We have…
On October 10th, Multichain Ventures and Tabu Equity Investments signed a Memorandum of Understanding (MOU) with the intent of exploring a partnership. The purpose of this partnership is to build out compliance software for the cannabis industry using blockchain technology.
The two companies are pursuing a number of joint venture opportunities, but this agreement is the first formal agreement in their relationship. Tabu will market Multichain Ventures into Asia and EU markets through affiliated partners.
The partnership will consist of a 9-month pilot program where Tabu will run a trial period of the digital currency payment processing software produced by…
Q3 2019 Summary of Distribution Events
This communication will conclude the Transparency Report series, as we transition our branding over to Multichain Ventures and make modifications to the tokenomic model. Details of these changes have been discussed in prior blog posts, and more information will continue to become available at the Multichain Ventures blog — https://medium.com/multichainventures.
A total of 37,600 tokes were distributed this period, all of which were allocated to our development and community management team members.
Specific transaction details are now viewable at the tokes custom block explorer:
Founders’ Balance: 3P4TDSpFFby1BM6vCN45ZS8HyDEJJK7HTQo
Balance (as of 10/2/2019): 2,311,397
Increase…
As we mentioned in last month’s newsletter, Q4 of 2019 will usher in a new tokenomic and distribution model for Tokes (TKS), along with multiple exchange listings. As we inch closer to the final months of 2019, it seemed appropriate to announce that an initial exchange offering (IEO) for TKS will be offered by the close of the year, after which trading of TKS will resume with our new exchange partners.
In the lead-up to this process we will undergo a heavy marketing and outreach push in order to bring new visibility and awareness not only to the Tokes Platform…
As we mentioned in last month’s newsletter, Q4 of 2019 will usher in a new tokenomic and distribution model for Tokes (TKS), along with multiple exchange listings. As we inch closer to the final months of 2019, it seemed appropriate to announce that an initial exchange offering (IEO) for TKS will be offered by the close of the year, after which trading of TKS will resume with our new exchange partners.
In the lead-up to this process we will undergo a heavy marketing and outreach push in order to bring new visibility and awareness not only to the Tokes Platform…
The Tokes team has been hard at work preparing the Gateway for public release, and strategizing some larger changes and rollouts for Q4 of this year! This month’s announcements are brief, but will paint a more detailed scope of what you can expect from the Tokes team going through the end of 2019 and in to 2020. First, we will discuss the general framework of how Tokes aims to integrate with states for tokenized payments, and then outline a brief roadmap for the months ahead.
How does a state sponsored digital payment program work?
Per Assembly Bill 466, Nevada will…
Welcome back Tokes enthusiasts! In this month’s edition of the newsletter we discuss big user onboarding news around the Merchant Gateway, a whitelabeling initiative for the Gateway, our recent certification through the BetterTokens program, and strategy.
Merchant Gateway Public Access
One core initiative in progress now for many months is the ability to onboard general users for the Merchant Gateway. Up until this point, access to use our Gateway software has required a “whitelisting,” with our team manually on-boarding and auditing the user. We have always found it necessary to have in place a rigorous KYC/AML policy to remain compliant…
This month we have some exciting developments around our supply chain visibility blockchain, ecommerce integrations of the Merchant Gateway, and the “High Tech” Event series. Additionally, we have continued our legislative efforts with the state of Nevada to aid in the creation of a cashless payment ecosystem for the cannabis industry. Let’s dive into some details around this news below.
“High Tech” 1.0 Event and Upcoming 2.0
The first “High Tech” 1.0 event produced in conjunction with Arcane Revelry, 27Club, and the LAWeekly took place last month in Los Angeles. The event was an exciting combination of music, virtual reality…
It’s April, month of the cherished stoner holiday of 4/20 — (which you can hear the curious origin on the true crime podcast Criminal). This 4/20, there’s lots to celebrate for both the Tokes team and our supporters. With a cannabis banking bill moving its way through the Nevada legislature — not to mention California’s recent push to legalize cryptocurrency for cannabis tax payments — the team at Tokes is excited to work within these new regulatory frameworks to provide our services via state sponsored means. We also have several updates around product developments, integrations, and marketing buzz.
Nevada Legislation
Q1 2019 Summary of Distribution Events
The increase in circulating supply this period was consistent with the previous quarter’s distributions, associated with payouts to internal team members working in our development and marketing channels. Minor distributions were related to a Token Swap Holiday campaign run at the end of 2018. We also engaged a third party entity to assist with marketing efforts in social media channels, with the intent of bringing additional awareness to the project through reviews, interviews, podcasts, and articles, which have started being released over the past two weeks. …
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