Based on the Newfrontierdata annual report in 2017, legal cannabis market will create more than a quarter of a million jobs by 2020, more than the expected job from manufacture by Bureau of Labor Statistics in December 2015. The legal cannabis market itself, was worth about $7.2 billion in 2016, and medical marijuana sales were projected to grow to $13.3 billion in 2020.
The challenges must be faced by the marijuana industries were how they would trying to advertise their products safely. For some big and famous ads network such as adwords, bings ads or facebook ads were still banning anything that related and mentioned about marijuana, cbd, and cannabis.
Surely this condition will make a hard decision for the industries to promote their legal product. And the real fact is, they often must to pay a higher price to be able listed their product to some agencies. If they are a big companies might still able to survive in their fast competitive industries, but it will different for the small industries type.
Smoke Exchange project, help to solve the hard situations by providing the ads network for the specific marijuana industry. The Smoke Exchange is a self-serve advertising platform, and having the same functionality just like any other ads network platform such as Adwords or Facebook ads.
What makes the difference is, the platform will be specifically to serves the marijuana industry since the cannabis market is not yet to define an affordable. Till now, the market potential related with the advertising aspect was not been fully explored.
The platform, will connected publishers and the companies or advertisers into one stop shop advertising network. The publishers were also able to choose and bid the variety of packages and advertising that matching with their needs, including for Digital/online advertising, mobile, banner ads, social media advertising, or even for pop up ads.
From what the platform had written on their whitepaper, Smoke Exchange will offer the safe digital marketplace. The team behind the project are includes the professionals, experts and also lawyers to ensure compliance with all applicable laws, rules and regulations. To realize their entity, the platform will keep monitor trading activities, and help to prevent fraud and conflicts of interest. The platform, were trying to offer a safe trading environment note only for the publishers and advertisers, but also for the agencies.
Since Smoke Exchange will be using the cryptocurrency technology, the platform was aims to solving the most common advertising inefficiencies and ineffectiveness on how the users will be able to tract their statistics in the real-time. Because the cryptocurrency will be have no third party, then the platform is able to offering low transaction fees with a secure transactions. Smoke Exchange will operate 100% with cryptocurrencies, trade on the platform will be using the Smoke Exchange Token (SMX). The deposit and payout will be available with SMX token, DopeCoin, Bitcoin, and also ETH.
Smoke Exchange Token Crowdsale Detail
Token Name: Smoke Exchange token
Token Symbol: SMX
Token Base: Ethereum ERC20
Total Supply: 28,500,000 SMX
Pre-Sale: September 30 – October 9, 2017
Sale Bonuses: 50% at pre-sale, 25% for the first week, and 45% for 1000 ETH Contribution or more.
Price: 1 ETH = 300 SMX
Website – Whitepaper – Announcement
(User UID: ICO Magazine)