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Ratings CBDoken

The First Blockchain Voucher for CBD on Ethereum

CBDoken, a Vienna-based company plans to shock the traditional CBD market by tokenizing CBD Vouchers for premium quality CBD oil. Tokenized Vouchers for CBD oil create a business-opportunity for reseller where pricing is determined by the public trading on the exchanges. This company can help remove up to 60% of unnecessary costs associated with CBD oil distribution​. Utilizing “proof of burn” will enable clear and transparent communication through the blockchain, making information about supply readily available to the public. Worldwide distribution of publicly priced CBD oil is the goal of ​CBDoken by leveraging the best of blockchain technology and great business practice, the team behind. CBDoken has created a plan that will tokenize CBD Full Spectrum Extract Vouchers, where every Token corresponds to underlying​ 10 ml CBD Full Spectrum oil containing 400mg.

2.5
5 4 expert ratings
Benchy 3.4
KYC
Experts
2.7
2.3
1.0
Review: coming soon PRO
Unknown
Token
CBDF
Type
PreICO Price
1 CBDF = 12.50 EUR
Price
1 CBDF = 15 EUR
MVP/Prototype
Platform
Accepting
ETH
Minimum investment
60 EUR
Hard cap
10,000,000 EUR
Country
Whitelist/KYC
None
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Shebin John
Founder of Texploxe, IMMO and ABP Member, Learner
Rated on Sep 21, 2018
2
3
1
18%

1. If they really wanted to sell directly to the consumer without a distribution chain, they could have simply opened up a website where this was being offered.

2. There is no MVP at the moment and there seems to be no mention of the same in the RoadMap as well

3. Now if we check the team as a whole, you will see that out of the 9, 7 of them are of Executive Level Jobs. Which leads me to believe that it seems they were just trying to fill up the important positions among the people available.

4. There is not much detail given about how the funds are used, etc. Except that, it is written that for each token, the investor or the token owner would be able to redeem 1gm of CBD.

Detailed Analysis:
https://medium.com/texploxe/ico-analysis-cbdoken-fb917e237fdf

Agree
0
Disagree
Report
Dr. Rex Yeap
IP Blockchain inventor | Serial ICT inventor | Angel Investor | Quant | Educator | Meditator
Rated on Aug 3, 2018
Modified on Aug 3, 2018
2
2
1
16%

I'm initiating a novel approach to ICOBench review starting with CBDoken, I shall term it as **Dual-Review** [PART-A by John and PART-B by myself].

Combined review by John Shebin and myself - while waiting for John to be administratively approved by ICOBench as it's Expert.

------------------------

[PART A] John's review - with detailed comments and questions:

Refer to https://medium.com/remedcu/ico-analysis-cbdoken-fb917e237fdf

Rating:
T: 2
V: 3 (There vision is kind of good, but does not require much involvement of blockchain)
P: 1 (As they have no MVP)

About John: Engineer, Marketer, Investor, Influencer, Blockchain Enthusiast, ICO Advisor, ICO Ambassador, Strategist & Programmer
Telegram User ID: @remedcu

*****

[PART B] My review & list of questions:

C1. Am glad to see that both Alexander and Christoph have passed the ICOBench KYC.

C2. The official Telegram chat group is: https://t.me/joinchat/HukTkxKCYB1rRG2LPPJfeg with only 225 members as at 3rd Aug 2018 and the group was started on 22 Jun 2018. Positively, all are organic members with zero bounty hunters (human-bots).

C3: What is your smart contact address?

C4: To confirm that this ICO is run under the company "CBDoken GmbH" (CG). Would appreciate if you could share with us (a) company registration number, (b) any office address that I can visit and (c) date of registration.

C5. Who are the company directors of CG?

C6: What is the token lockup/vesting period for the team members?

C7: What is the token lockup/vesting period for the advisors?

C8. What are the roles of each of your advisors and who among them is in your Telegram community?

C9: What's your github address?

C10. Any MVP to show?

C11. Among the team of 8, it seems that only Alexander Brovman is the technical person. Who else would be helping A.B. with the technical development work.

C12. May wish to include a 1-pager Lean Canvas or Business Model Canvas.

C13. I may revise my ratings after receiving further responses to above comments & questions from John as well as mine.

For your reply, pls use this notation, R1 for C1, R2 for C2, ..., R13 for C13.

My rating is T=2 V=2 P=1.

*****

For the Dual-Review: The average rating is therefore T=2, V=2.5 (to round downwards), P=1.

Agree
-1
-1Disagree
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Paresh Masani
Engineer
Rated on Oct 1, 2018
4
1
1
14%

Good experienced business team - would like to see more devs.
Whitepaper is more on the concept which explained well but business model / finance stats and competition analysis not done.
Poor social presence. Last medium article was done in July.
No MVP / No Website! All under construction!

+2Agree
+2
Disagree
Report
Paul Scott
STO-ITO-ICO Advisory | Strategy | Decentralization | Commercialization
Rated on Jul 5, 2018
Modified on Jul 5, 2018
3
3
1
12%

This is a concept that has become quite prevalent in the Blockchain ecosystem, as supply, demand & logistics are a constant constraint in this industry.

The team has solid experience and some of the development partners on board should ensure a decent product is produced ultimately. KYC is not yet complete.

Projects that are linked to an underlying commodity price risk venturing into the security token space, and the Whitepaper is silent on the structure of the Token (is it a utility or security token?). Since the token is traceable for a quantity of product, it's a security token by definition and more information is required on how this will be handled.

There is no information on the product roadmap with respect to the technology platform development & marketplace (referred to in the Whitepaper) - however nothing on how far along this is developed or how it will be developed. In addition, the roadmap only shows the token sale roadmap. The only platform-related picture is quite detailed, however there is no explanation of how this will come into being.

+1Agree
0
-1Disagree
Report
Alexander LacinaICO team member replied on 21 Jul 2018
This is a concept that has become quite prevalent in the Blockchain ecosystem, as supply, demand & logistics are a constant constraint in this industry.

The team has solid experience and some of the development partners on board should ensure a decent product is produced ultimately. KYC is not yet complete.
_________________

KYC completed, updated Team (Blonde 2.0 PR, Karina Streng CMO)
_________________

Projects that are linked to an underlying commodity price risk venturing into the security token space, and the Whitepaper is silent on the structure of the Token (is it a utility or security token?). Since the token is traceable for a quantity of product, it's a security token by definition and more information is required on how this will be handled.
_________________
We are a voucher token, which is not regulated by SEC. We are also not under FinCEN regulation due to our status as a voucher. The token is not a traceable quantity of a product, it is a voucher for a product on the blockchain. Have a look into our Whitepaper for more information.
_________________

There is no information on the product roadmap with respect to the technology platform development & marketplace (referred to in the Whitepaper) - however nothing on how far along this is developed or how it will be developed. In addition, the roadmap only shows the token sale roadmap. The only platform-related picture is quite detailed, however there is no explanation of how this will come into being.
_________________
There is no need for a technology platform since CBDoken are Voucher Token on Ethereum.
Benchy
ICO analyzer bot
3.4
40%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Alexander Lacina
Passed
Christoph Richter
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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