CBDoken is an innovative ERC20 Token with unique features. It handles the sale of CBD products and tokenizes consumption-ready CBD products to make it’s trading and purchasing cheap, safe and transparent.
Asset Backed Coin
CBDoken are Token that are created for each individual asset or final CBD product. Each CBDoken is backed by a corresponding and redeemable amount of CBD product and works as a voucher. For instance CBD Full Spectrum Extract (CBDF) is backed by Premium Full Spectrum Extract PHEC55.
1 x CBDoken = 1 x CBD Retail Product
If there are 1.000 (CBDF) Token in circulation, there are 1.000 gram of CBD Full Spectrum Extract in storage. This removes much of the volatility inherent to cryptocurrencies like Bitcoin or Ethereum and offers a more stable and reliable form of cryptocurrency. You can redeem your product at any time through our website.
-80% Cheaper CBD
By cutting down the distribution chain and selling directly to the consumer, CBDoken is able to undercut the competition by a huge margin and reduce the purchasing price of finished CBD products for customers by a factor of three during the Token Sale.