Ratings Smoke

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.

Thank you for your rating!

Do you have any comments or points based on your scoring to help us improve our project?

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.

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.

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?

Thank you so much for the review and expert rating.

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.