CBDoken, a Unique Blockchain-Powered Boucher for CBD Products
CBD is a non-psychoactive Hemp Cannabinoid withut any sort of psychoactive effects which are usually found in THC or tetrahydrocannabinol. Many users take CBD for various benefits. It is a substance that is vastly used for producing medicines, as a raw material, and also to enjoy lifestyle in a unique way. The demands for CBD are growing and consequently its market is growing across the globe. Countries like India, US, European nations, South American countries, and China have authorized dealers who sell CBD.
Though CBD products are quite popular across the globe, the way these products are priced is still hidden from general consumers. There is no established market for deciding a fair price for each CBD product. Therefore, a decentralized system is required to ensure fair pricing. The CBDoken is introduced as a unique ERC20 voucher token to manage the sales of CBD products. It will form tokens on the blockchain to reduce CBD product prices and make the whole purchase process safe and transparent.
How does it work?
The CBDoken is designed to be the solution maintaining transparency in the CBD product market. If a user buys a CBDoken, he will be able to acquire a CBD product. It means, a ready-made CBD product is purchasable with this voucher. The CBD oil, which is popular as a very strong CBD derivative, will be purchasable with the first CBDoken. This oil offers several benefits to the user and that you can buy by using this voucher. Whatever physical asset associated with the CBDoken voucher, will be stored in secured vaults at the platforms of manufacturers, distributors, and storage partners. This token will assure that the buyers get highest quality products, standardized by the leading authorities.
When it comes to calculating the price of newly released CBD, this platform will use the Doken reference index. It is how the price will be calculated in the most transparent way. The Doken reference index will be regulated by the global price of CBD against the price charged by the CBD product retailers. The users can easily verify the price within the ecosystem and ensure that he is spending a fair amount for buying the required CBD product.
The CBDF token:
The CBDF token is developed on the Ethereum blockchain and therefore it has some unique features. Whenever a user will spend this token for buying CBD products, it will form an instant connection between the vender and the buyer. It is a tradable token that the token holders can exchange at crypto exchanges with other crypto currencies. The tradable nature of CBDF tokens will encourage the sale of CBD products for tokens and more users will invest in this particular token.
Final thoughts:
The CBDoken is a unique decentralized platform for buying the CBD products. There are many places where people buy CBD products, but some pay an expensive price and some get the same product at an affordable price. CBDoken is going to offer the users a with a transparent CBD product pricing method. They will spend a fair amount in order to buy the required CBD products.
Final thoughts:
Website: https://cbdoken.com/#about
Whitepaper: https://cbdoken.com/wp-content/uploads/2018/07/CBDoken-White-Paper.pdf
Telegram: https://t.me/joinchat/HukTkxKCYB1rRG2LPPJfeg
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