BUDBO – DECENTRALIZING THE FRAGMENTED CANNABIS INDUSTRY USING BLOCKCHAIN
In our world today, the society has branded cannabis as something very bad, that when you hear the word “Cannabis” the first thing that comes to your head is hard drug, and so many other negative thoughts. Well I don’t blame you for having such impression, because we have seen so many people abuse cannabis in so many ways. But one thing you should know is that the health benefits of Cannabis are way more if properly utilized.
Looking at a few developments around the world today, with medical researches being sponsored by different bodies, you would agree with me that people (governments and private sectors) are beginning to realize the positives in cannabis, and is one reason why the legalization of cannabis is gaining momentum gradually. Sadly, even with the potentials to transform to a large legal economy, the cannabis industry is still basically fragmented as its economic ecosystem still is largely shrouded in black market practices.
WHAT BUDBO IS OFFERING
For all those who have been looking for ways to purchase cannabis products easily, I’m here to let you know that your problem has finally reached its last bus stop. Budbo is introducing their world’s first fully integrated blockchain-based solution that will proved a transparent, standardized, and regulated interaction between cannabis users, dispensaries and couriers.
This best-in-class Budbo platform is being used actively already by over 75,000 mobile users and 2000 suppliers (dispensaries). Budbo which consist of a mobile phone app and a cloud-based business intelligence platform is designed to match cannabis users to tops picks or closest match of cannabis strains and products and it also helps in directing them to nearby dispensaries carrying these products. Budbo which is tracking over 150 vehicles designed their platform to provide tracking services which is aimed at ensuring full visibility and compliance in the various delivery processes of the cannabis.
Budbo is able to globalize all these channels simuoultanously using Blockchain technology which operates by holding immutable ledger that leverages crypto-tokens built on smart contracts.
WHY IS BUDBO USING BLOCKCHAIN
The blockchain model will help accommodate several stages involved in this whole process (cannabis pursuit, sales and logistics processes). It will help tackle;
– Recording and Storing Product Life Cycle Events
– Verifying Patient Indentification
– Transaction Assurance
– Equipment Ordering
– Inventory Management
– Seed to Sale Tracking
– Client Management
– Delivery Tracking and Verificaiton
– Platform Analysis
BUDBO AND ALL THE PARTIES
– Buy Supplies / Equipment
– Use Harvesting
– Post Harvest
– Delivery Verification
– Inventory Control
– Product Ordering
– Production Cycle
– Bill of Lading
– Proof of Pick Up
– Proof of Delivery
THE BUDBO PLATFORM DESCRIPTION
Another amazing thing I discovered about how budbo plans to connect with the world, is their adoption of the social component of their unique “Tinder Model” which has proven to be highly effective in driving aligment between their business and operating models.
After taking a good look at the initiative of the budbo team, I’m 100% positive this project which is a first of its kind will be a success in the market. They obviously made a lot of researches before embarking on this amazing project. Budbo with this initiative will bring all parties involved in the cannabis industry together in one platform, and this will help increase standardization, transparency and efficiency, which are some the qualities the industry has been lacking. This platform will bridge the present gap that lies between cannabis producers, growers, labs, craftsman and dispensaries. This is one thing the world at large has been craving for, and it is pretty amazing Budbo is doing it right now.
DESCRIPTION OF BUDBO TOKEN
Definition Of Budbo Token: Budbo Tokens will be the digital utilities that power and incentivize the Budbo ecosystem and platform. The Budbo Token provides access to the platform.
Transaction Time of Budbo Token: Budbo Token transactions will be instant, and average transaction confirmation time will be within minutes. All transactions will be secured with the state-of- the-art cryptography, and blockchain integrity will be protected by CPU efficient ASIC resistant proof of work. This unique model allows us to fill in many gaps for cannabis businesses within the entire global cannabis market.
Name: Budbo Token
Ticker: BUBO (if permitted under applicable laws)
Based on: Ethereum
THE BUDBO TOKEN SALE
Total Issued Tokens : 200,000,000 Tokens Issued
Token for Sale: 150,000,000
$0.25 (Tier 1) (Jan, 29 – Feb, 05 UTC)
$0.28 (Tier 2) (Feb, 05 – Feb, 12 UTC)
$0.30 (Tier 3) (Feb, 12 – Feb, 19 UTC)
$0.33 (Tier 4) (Feb, 19 – Feb, 26 UTC)
$0.35 (Tier 5) (Feb, 26 – Mar, 05 UTC)
20,000,000 BUBO for Pre Sale @ $0.20 USD Nov, 27 2017 – Jan, 29 2018 UTC
10,000,000 BUBO for Employees, Founders, PR, Marketing, Partnerships & Contractors
10,000,000 BUBO for Community Reserve
7,000,000 BUBO for Dispensary Reserve
3,000,000 BUBO for Bounty
Hard Cap: 150,000,000 tokens (not including Pre-sale)
HOW YOU CAN GET BUDBO
After reading this piece, I know you are eager to get some Budbo tokens already because you know this project is a brilliant one. Well let me give you some few ways you can get Budbo tokens;
First The Dates:The initial token crowdsale will take place betwee January 29th, 2018 and March 5th, 2018. and you can access it via their website: https://www.budbo.io. They will conduct a Pre-sale for eligible purchasers, this will begin on or about November 27, 2017.
Registration: Please register for the token crowdsale so you are notified of the opening of the event. Be sure to take advantage of notification and prior registration so you do not miss out.
Whitelist:There will be no whitelist event for this crowdsale.
Accepted Currencies:The crowdsale will accept Bitcoin, Ethereum, Bitcoin Cash, PotCoin, Litecoin and Ripple.
Opening a Budbo Token Account: After the initial token crowdsale , opening a coin account with Budbo will be easy and free. Because Budbo is a truly unified platform, it uses peer-to-peer technology to operate 24/7 with no central authority.
Distribution: Tokens will be distributed automatically by the Budbo Smart Contract throughout the token sale on Ethereum.
Exchange Trading: Budbo Tokens may be available for trading in the future if and when applicable laws permit for such trading, but no assurances can be given that such trading will ever take place.
SOME OF THE FUNCTIONALITY OF BUDBO
– Supplies/Equipment Ordering
– Inventory Management
– Seed to Sale Tracking
– Point of Sale
– Client Management
– User Interactions
– Retail Location Forecasting
– Business Modelling
A BRIEF REVIEW OF THE MARKET
The cannabis market right now is a ticking time bomb, this market which has been growing slowly but continuously has the potential to grow rapidly in the nearest future, even with restriction seen in some parts of the world today this market still records massive revenue monthly. With the recreational marijuana sector moving from black market to the retail market, demands for cannabis looks even more lucrative with this categories of consumers;
– Those who use cannabis, but less than once per month: 11.6 million (occasional users)
– Those who use cannabis, one and 20 times per month: 11.1 million (regular users)
– Those who use cannabis, more than 20 times per month: 7.1 million (heavy users)
Recently an estimate by the 2017 National Survey on Drug Use and Health statistics from the federal Substance Abuse and Mental Health Services Administration shows that 29.7 million Americans age 12 r older used cannabis within the past year, out of that number 18.1 million consumed cannabis within the past month. In 2016 alone, consumers in the US spent over $53 billion on cannabis, that number more than quadruples when looked at on a global scale. That quite some number if you ask me, so investing in a market with such potential isn’t a bad idea at all.
The participation of any United States based individuals in the purchase of Budbo tokens is prohibited, due to the to the fact that the United States government has offered limited guidance and has also not passed any laws with respect to the sale of digital tokens.
Furthermore, foreign investors should be fully aware of the laws prohibiting its residents from participating in any initial coin offerings (ICOs) or token sales, Canada, South Korea, China and Singapore in particular.
Also for token holders, Budbo Tokens does not represent or confer ownership right, stake, share or security or equivalent rights, or any right to receive future revenue share or profits, intellectual propertry rights or any other form of participation in or relating to Budbo Token international, LTD.
BUDBO PROJECT ROADMAP
Launch of Budbo in Google Play and Apple App Store
Complex News publishes first article and video on Budbo
Total Frat Move publishes article on Budbo
Budbo takes part in Super Bowl Bash in Houston, TX
Budbo is ranked the #1 4/20 App by Herb.co
APRIL 2017 [4/20]
Party with WeedTV
First Cannabis Delivery tracked using Budbo Trax
Begin Token Sale Research
MJAC Conference in Los Angeles
Token Sale Presale
Begin Development on v2.0
Begin Blockchain Implementations
Launch Budbo App v2.0
MEET THE AMAZING TEAM
Randal Crowder – Co-Founder – TEXO Ventures
Mary Hang – CEO – ICOHolder
Amarpreet Singh – Blockchain & ICO Advisor
Seul Lee – VP of Sales & Marketing of ATARAD
Justin Schmidt – GP and Founder at Translunar Crypto
Jonathan Millet – CEO – NewsBTC Media Group
Justin Jovanovic – COO – investFeed
Amy Berliner – Founder/CEO – Aegis Biotech
Ty Duffy – CEO – Low Spark, Inc
Tarun Jaswani – Partner – Interfacemax
Benjamin Finch – Strategic Advisor
Larre Johnson – Strategic Communications Advisor
David Carrasco – CEO – CannLiv
Tyarre Allen – Executive Vice President – CannLiv
Michael Hodges – Co-Founder – ADVFN
Michael Noel – CEO – Blockchain Consultants
David Ashley – CTO – ILF, LLC
Willie Kennon – President – Pineapple Enterprises
Jack Finkelstein – Senior Technology Advisor
Roy De Gouveia – Strategic Advisor
Antonio Russo – Co-Founder – District 8
David Fowler – CEO – Digital Shyft
Richard Levy – Senior Technology Advisor
For more information about this amazing project and to connect with other participants across the globe, please feel free to click on any of the following links;
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1860087