The Smokin Token platform is designed to support the cannabis and CBD industry through innovative blockchain!

zorchy (26)in #crypto • 3 years ago

Within blockchain technology and cryptocurrencies, one of the most massive adoptions in the year 2021 has been the Binance Smart Chain network. Many projects have been born within this network and within its protocols. This network has been a new way of escape and fresh air for the Ethereum network that is living its worst times in terms of gas fees.

However, not all of them successfully, on the contrary, there are not only some that failed but also some that scammed many people and many users through bugs and scams. For a user, there is nothing more frustrating than investing in a project only to find out that it is a scam. You have to be very careful. Even so, many people have felt scammed this year. The problem is that there are many successful projects that give a lot of return but in order to know what they may be, you have to do a good search and above all you have to look for transparency.

How can we achieve this? Well, a very important step could be to know sources of information to determine which ones are true, which ones have good information, and even which ones have good projections. That’s why today I want to introduce you to Smokin Token (https://www.smokintoken.org/), a new project within the blockchian technology that aims to ensure the security of investors.

How?

The idea is to carry out a series of events such as races, cycling, adventure, etc. where the holders of at least 100,000 tokens can participate free of charge. What is different is that in order to carry out these events, the project will depend on the token holders themselves, i.e. investors who have more than 100,000 tokens. In this way, the token carries a governance utility where the holders vote for the events and the continuity of the project.

Another important issue within our Society is the use of cannabis and marijuana, which seems to be frowned upon by everyone but we are seeing more and more studies that show its beneficial effects if used wisely. Therefore, in addition to encouraging the practice of this type of event that helps the health and well-being of people, Smokin Token has also built an ecosystem of legislation to legalize marijuana and CBD to benefit the health of people even more in terms of pain and discomfort.

To date, we already know how many benefits these substances can bring: Pain, nausea, migraines, anxiety, depression, convulsions, anti-inflammatory, insomnia, sleep, etc.

To carry out this project, the idea of the team is to promote and raise awareness about the benefits of CBD and cannabis. Through their token, they want investors and holders to support the legal use of CBD and cannabis, without promoting or approving the illegal use of the substances.

Tokenomics

Smokin Token’s main token will be the SMOTO, which has been designed with a progressive strategy, rewards and perspective for investors.

SMOTO is a performance-generating token running on Binance Smart Chain with which holders holding a minimum of 100,000 SMOTO tokens will automatically participate in BNB’s reward.

Token name: Smokin Token
Token symbol: SMOTO
Network: Binance Smart Chain
Protocol: BEP-20
TOTAL SUPPLY: 1,000,000,000,000 SMOTO

Main benefits of owning SMOTO:

Fixed transaction fee
3% transaction fee (in BNB)
11% rewards in BNB
Of which 4.20% is used for liquidity pools
Only large investors (+100k SMOTO) participate

The Smokin Token platform is designed to support the cannabis and CBD industry through innovative blockchain solutions. Using blockchain technology, Smokin Token will be able to solve various problems in the cannabis industry, namely, to trade faster and cheaper through a secure network. For this, the platform has its own SMOTO token, which operates on the Binance Smart Chain (BSC). With this token, its holders who hold at least 950 SMOTO tokens in long-term storage have the opportunity to automatically receive income in the amount of 11% BNB. Agree, this is a good opportunity for passive income. Smokin token’s mission is to remove barriers in the cannabis industry, and through the blockchain and its SMOTO token, promote the benefits of CBD and cannabis products.

I also want to draw your attention to one of the platform functions! Smokin Token has launched its NFT collection. The pictures are very original and make you smile, which makes you think that the authors have a positive attitude towards the use of cannabis. Rate them too. And on the platform’s website, to stimulate the purchase of SMOTO tokens, and to promote cannabis, you can visit a store where you can buy clothes with the cannabis logo.

Platform functionalities

Anti-dumping limitation: to maintain investor stability and promote growth over time, any transaction that sells more than 0.05 of the total supply of SMOTO tokens will be rejected.

Automatic BNB redistribution: those who own a minimum of 100,000 tokens are participating in the redistribution of 11% of a transaction in BNB Smart Chain tokens.

Shopping: Through Smokin token web app, users can also buy complements, clothes and so many things about the project. The site is in development and it is supposed to be an important part of the system as well.

Roadmap

Phase 1:
- Website launch
- KYC team verification
- First phase marketing
- 5000 Telegram members
- First Dessert Finance audit
- Listing on Coin Geko and Coin Market Cap
- Ethereum NFT Collection
- Smokin Swap version 1

Phase 2:
- Phase Two Marketing
- 2 million market cap 25 million tokens burned.
- 4 million market cap 25 million tokens burned
- 5,000 holders
- 10,000 Telegram members
- Bet your stash (bet with additional reward).
- Implement governance voting system

Phase 3:
- Third phase marketing
- 10,000 holders
- 10 million market capitalization 50 million tokens burned
- Event organization and sponsorship
- iPhone and Google Play app
- 420 token fair launch

Phase 4:
- Phase four marketing
- 15,000 headlines
- Website restructuring
- Smokin swap version 2
- Substantial donation based on community votes
- 15 million market capitalization 100 million tokens burned

Conclusion

This project is undoubtedly a revolution in the blockchain industry and also for the cannabis and marijuana industry, not only for the fact that it is one of the first projects in its subject, but also because it is one of the most realistic options, and great to make the whole society see that really if used well this kind of substances can become beneficial to our health.
In addition, together with its ecosystem and the way of incentivizing the platform’s economies through its token, it allows large investors to have more incentives to enter with its repurchase system.