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Ratings Smoke

Smoke, Get Paid. Repeat.

Smoke.Network is an upcoming decentralized rewards based social network powered by a Delegated Proof of Stake (DPoS) blockchain tailored to the needs and wants of cannabis users. To learn more please read our Pitch Deck and Whitepaper available at our website smoke.network. Our first minimal viable product (MVP), Smoke.io is currently in development and is scheduled to be released in Q3 2018.

2.8
12 11 expert ratings
Benchy 3.7
KYC
Experts
2.7
2.3
2.6
View rating distribution
~$250,000
value of tokens sold in ICO
Ended
Token
SMOKE
Type
Price in preICO
1 SMOKE = 0.005 USD
Price in ICO
0.1000 USD
Country
Whitelist/KYC
None
Restricted areas
USA, China
ICO start
20th Apr 2018
ICO end
25th May 2018
Visit ICO website
Report

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
Igor Karavaev
ico and sto advisor
Rated on Feb 15, 2018
2
1
3
11%

No blockchain in the project, at least no description how it operates in the WP. The WP is written with BIG letters with an effort to conceal the missing content as to marketing, financials, business planning. The team is too small. The "product" maybe "good" but I did not try so I can't confirm))

+5Agree
+4
-1Disagree
Report
JonathanICO team member replied on 16 Mar 2018
Hi Igor

Thank you for the expert review and rating. We urge you to take a look at our beta (already operating on the Steem blockchain), our UX prototypes as well as following our project through our own blockchains test-net and main-net phases.

We also outsource quite a bit of our work, but as underdogs, we are proud to have a small, but capable core team.

EDIT: Initially we planned to build our project on the EOS testnet, though we had to change our strategy due to EOS's ongoing development and constant changes and this review was made before these changes had been finalized. Since this rating was posted, we have finalized our development plan and including all relevant details in our whitepaper. Please refer to this document for more information.
Tyler Sanford
Marketing | Campaign and Community Management
Rated on Feb 15, 2018
3
2
2
5%
This rating's weight is reduced by 50% as there is no review added.
JonathanICO team member replied on 16 Mar 2018
Thank you for your rating!

Do you have any comments or points based on your scoring to help us improve our project?
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Mar 16, 2018
2
3
3
11%

Sry I am changing my rating again no experienced advisor. Very little team no community Manager no investment relationship manager no marketing or pr expert. Need this on the team thank you.

Lots of marijuana coin it will be a real competition

Agree
-1
-1Disagree
Report
JonathanICO team member replied on 16 Mar 2018
EDIT: Thanks a for the additional feedback much appreciated. We have a dynamic team of freelancers we work with on a number of areas of our business and are in the process of hiring and recruiting new talent. Our pre-ICO funding was very small and didn't allow us the luxury of a dedicated team. We don't want to mislead people by listing everyone though I can see how it could be seen as a concern.

Our founders also consist of PR and marketing professionals and community managers with proven track records. Our 420Smokers brand has half a million followers on Facebook with high engagement and one of our co-founders runs numerous successful online publication in the US market.

That said, our team page will be updated in upcoming weeks to include some new faces as we move closer to ICO and our mainnet launch. We are actively in the process of getting fresh talent on board.

We agree there are some great marijuana related coins out there though with our focus on social media though we are the only community based social networking project.

Please see page 43 of our Whitepaper for more info: https://smoke.network/Smoke-Whitepaper-2.0.pdf

Our main competition is actually from existing social media corporations. That said, we believe we offer enough benefits over traditional social media to sway users over to our platform. By building a strong community leveraging the passion and community aspect of cannabis use with the ability for users to get rewarded for their contribution to our network, we hope to attract a large portion of the large global cannabis market. The demand for rewards based social networking has already been validated by Steemit which is already one of the top 2000 websites globally and has paid out tens of millions of dollars worth of Steem to its users.

The demand for this project within the stoner community has also already been validated by our Airdrop event which has received over 100 000 entries already.

Thanks again for taking the time to review our project.
Aly Madhavji
Award-Winning Author | Angel Investor | STO and ICO Advisor | UN Consultant | INSEAD MBA | Advisor Polymath, BitBlock Capital, Fiat Capital Fund |
Rated on May 2, 2018
2
2
2
10%

Underdeveloped team and not clear on how this will become a mainstream platform in the sector.

+2Agree
+1
-1Disagree
Report
Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Mar 16, 2018
3
2
2
10%

Not having KYC or whitelisting process will make it very difficult to get listed on credible exchanges. (Reply to Jonathan's comment). Your historical statistics are accurate, however the situation has changed. Those that got under the radar are good. However as you know that history is not a predictor of future performance. This is particularly the case with regulatory and compliance changes taking place along with Exchanges refusing to accept ICOs that did not go through KYC. This is not my opinion, this is a hard reality.

Agree
-1
-1Disagree
Report
JonathanICO team member replied on 16 Mar 2018
Hi Conston

Thanks a lot for clarifying with your comments on your initial feedback. We have also researched this extensively and understand that for US based exchanges and US based ICO's specifically this could be a big problem. Not just the government requiring KYC, but falling under the definition of a security will be big challenges for all new cryptocurrencies wanting to sell on an exchange moving forward. Exchanges will also be far more strict with cryptocurrencies based in the US and who are likely to fall foul of existing securities laws.

That said, being internationally based with no physical presence in the US we feel will help us a lot in this regard as well as actively blocking US participants from our ICO. We strongly believe in the case that even if the SEC ruled as as some kind of security, we would be exempt under Regulation S and have already taken the necessary precautions for this with our lawyers.

No exchanges have officially stated they won't accept non-KYC coins and we believe this decision will be done on a case by case basis, and will be more strict at other exchanges than others. If we can strongly position ourselves as a utility coin due to our working social network and it's direct utility (eg. we already plan for advertisers to be able to buy advertising on the network with SMOKE on launch) this combined with targeting international based exchanges we hope will allow us to be listed with some major players.

Another point worth mentioning is that there are a number of decentralized exchanges (DEX's) that are planned to launch in the near future, similar to the Bitshares DEX where our pre-ICO token is already listed (we are in the process of building our own graphene chain currently).

All in all we feel there will be ample opportunities for our users to access and cash in SMOKE in future, though we agree 100% that the landscape is changing drastically.

Thanks for the invite on Linked-In. Look forward to chatting there if you would like to discuss our project further.
Rick Tapia
Blockchain Advisor and Consultant
Rated on Mar 6, 2018
3
2
2
5%
This rating's weight is reduced by 50% as there is no review added.
JonathanICO team member replied on 16 Mar 2018
Thank you for your feedback!

Do you have any comments or advice for us based on your own experience in the blockchain industry to help us improve?
Jan Schets
ICO advisor | CIO | Blockchain Consultant | Early Crypto Investor
Rated on Feb 13, 2018
4
4
3
8%

Something to keep an eye on. The cannabis industry is becoming bigger and bigger and they have very specific issues that need solving. Score will be reviewed after more information is released about the project

+2Agree
+2
Disagree
Report
JonathanICO team member replied on 15 Feb 2018
Thank you so much for the review and expert rating.
VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on May 2, 2018
2
2
3
4%
This rating's weight is reduced by 50% as there is no review added.
Benjamin Randall
Blockchain Advisor
Rated on Feb 19, 2018
4
2
3
6%

There are a lot of other marijuana coins, so in my opinion it will be a bit of an uphill battle against some of the other competitors who entered the market earlier.

Agree
-1
-1Disagree
Report
JonathanICO team member replied on 16 Mar 2018
Thanks for the expert rating.

Please see page 43 of our Whitepaper for more info regarding other marijuana coins: https://smoke.network/Smoke-Whitepaper-2.0.pdf

That said, our main competition will come from existing social networks as well as online cannabis publishers. More details on how we plan on competing in the industry as well as our business plan can be found in our whitepaper.
Gytis Trilikauskis
Mr
Rated on May 8, 2018
2
2
2
3%
This rating's weight is reduced by 50% as there is no review added.
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Mar 1, 2018
3
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
3.7
26%

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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