Tokes, represented by the currency symbol TKS, was founded to find a solution to the problems that the cannabis industry is facing on the legal and banking front. The Tokes platform has been able to create software solutions for supply chain management and payment processing. Tokes can be used for B2B and B2C dealings involving cannabis.
The Tokes system is a brilliant digital currency project for the social movement of cannabis and also for exploring and fulfilling the commercial aspects of the product. It will strive to provide answers to queries about cannabis and will be among the first projects in the world to combine technology with the legislation efforts heralded by several groups for marijuana. Marijuana related businesses can use the Tokes system for financial freedom as they will be able to transact business in cryptocurrency by associating with the platform. They will no longer be forced to deal in fiat.
Those businesses using TOKES will be able to enjoy a number of advantages over others not using the platform. Tokes will make use of various mechanisms to make sure that the value of any transaction will hold steady, once a deal is struck. This will take care of the uncertainty associated with the volatility of the conventional currency. The developers of Tokes are of the opinion that this stability will drive more marijuana related businesses to the platform.
Another major benefit of using Tokes is that it helps in keeping all transactions anonymous. With the legal position on cannabis use and sale still clouded and hazy, participants in transactions desire a high level of anonymity to avoid complications and embarrassment. Tokes developers are planning to incorporate this major USP directly into transaction layer for better acceptance among users. They are also of the opinion that implementing their initial asset supplying on the Waves Platform will be a critical step going ahead.
Early investors and adopters of the Tokes platform will stand to gain immensely as the Waves proposals such as improved crowdfunding interface and fiat gateways have great potential and create higher value for the platform. Cross promotion of various technologies can also be encouraged when the Tokes system is adapted into any business setup.
The total supply for TKS is 50,000,000 while the circulating supply is 1,133,007. The market cap of TKS is $5,375,019. It is currently trading at $4.74 and ranks 487 in the cryptocurrency market.
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