Official Press Release 12/03/2017: Dopecoin & Smoke Exchange Intend To Revolutionize Legal Marijuana Industry
FOR IMMEDIATE RELEASE 
Dopecoin (DOPE) & The Smoke Exchange (SMX): Together They Intend To Revolutionize The Legal Marijuana Industry and Rock CoinMarketCap.
World-Wide 12/03/2017 Dopecoin (DOPE) and The Smoke Exchange (SMX) have reached milestones in building out the infrastructure of their partnership that seeks to use cryptocurrency to solve one of the legal marijuana industry’s biggest underlying challenges. Thus far, the burgeoning industry has suffered from restricted access to quality advertising channels that meet and serve their needs. The innovations between DOPE and SMX intend to rectify this problem in what some are calling “a game changer” for the industry. At the same time they are providing a true incentive for the industry’s businesses to actually embrace and adopt the use of their cryptocurrency in day to day operations. Their unique approach scales way beyond the common, and thus far failed, theme of every other “weed coin” attempting only to provide an alternative financial instrument to an industry that has restricted access to banking.
Google Adwords for Weed?
Currently, traditional marketing channels like Google Adwords, Facebook, Outbrain, Taboola, etc. have outright banned the multi-billion dollar legal marijuana industry from utilizing their services. Most websites in the industry currently have very limited or no access to advertising at all. The only options that are available are traffic packages from obscure and disreputable marketing agencies that are stuffed with low quality surplus that only generate revenue for the middlemen and publishers. There is no way to optimize or track conversions.
The Smoke Exchange Solution
The Smoke Exchange will deliver a revolutionary self-serve advertising platform specifically designed to benefit the currently underserved and ever expanding legal cannabis market worldwide. Its implementation will represent a digital marketplace that will enable advertisers and publishers to buy and sell advertising space on a real time auction based bidding platform. The Smoke Exchange successfully completed its first round of ICO funding which concluded on November 13th, 2017. A working Alpha Prototype had already been developed prior to the first round of ICO funding. With the necessary funding secured, the development team has been hard at work building out the Public Beta scheduled to be released early in Q1 2018.
The Synergy Behind SMX and DOPE
The development team behind The Smoke Exchange are also the founders of Dopecoin. Adam Howell, aka Dopey, originally launched Dopecoin on Feb. 14, 2014 as the very first marijuana themed crytpocurrency. His agenda was always to have DOPE become the industry leader and preferred method of cryptocurrency payment for the marijuana industry. He left the project after the first year when the reality set in that not only was the world not yet ready for the mass adoption of cryptocurrency, but that DOPE was lacking a true compelling reason to be adopted over BTC. Adam returned to the project in January of 2017 and re-launched v4 of Dopecoin (Dopecoin Gold). The impetus for his return was the epiphany of tying DOPE to a real world asset by launching a marijuana-specific advertising exchange and growing sense that world was finally approaching the point of being ready for the mass adoption of cryptocurrency. Currently, The Smoke Exchange plans to accept and pay out in the following cryptocurrencies: BTC, ETH, SMX, and DOPE. However, the exchange rate will be calculated to give buyers and sellers a 10% bonus ONLY for using DOPE. So, a $10,000 advertising budget becomes an $11,000 budget in DOPE. A $5000 payout for publishers becomes a $5500 payout. This, of course, will make DOPE the preferred payment method on The Smoke Exchange. Finally, the two nagging questions that everyone involved in the project have always asked have been answered.
What is going to compel business owners in the marijuana industry to embrace crytpocurrency as payment? Access to advertising.
Why should they embrace DOPE over BTC? Financial incentive.
DOPE Development
Howell has recognized the necessity to build out the infrastructure for DOPE in anticipation of mass adoption by marijuana dispensaries and other industry players. He also knows that the process needs to be as easy and seamless as possible. In response, he has coordinated a fast track development team that has been working to develop a payment gateway for DOPE. Once that is completed plugins will be available for major e-commerce platforms like WooCommerce and Magento to accept BTC, ETH, SMX token, and DOPE directly on their websites and where they can choose to instantly convert those payments into advertising budget, hold reserves in anticipation of appreciation, liquidate to an exchange, or split according.
Going Forward
Howell is extremely optimistic about the future of both projects. “We have the first mover advantage, being the first ever marijuana themed cyrptocurrency [DOPE] and the first ICO blockchain solution of its kind [SMX]. I have no doubts about the success of both projects going forward. By the time the community fully understands the implications of this partnership and the synergy between these projects… that mass adoption is now inevitable…. I expect us to be the undisputed market cap leader among the marijuana related cryptocurrencies [DOPE] and have some very happy ICO investors [SMX]. We are working relentlessly towards this end. We are the only [marijuana themed] coin [DOPE] that has a vision, a plan, and an active development team. Many exciting developments for SMX, DOPE, the legal marijuana industry, and the cryptocurrency community are on the horizon”. Anticipate a flurry of activity and press releases in the coming weeks and months as new developments are released and new industry partnerships are to be announced.
Exchanges & Availablity Currently, Dopecoin (DOPE) is actively traded and available for purchase on the following exchanges: Bittrex and Cryptopia. Currently, the SMX tokens from round 1 of the ICO funding have been released to investors. SMX tokens have not yet been listed on any public exchange. Tokens will become available to the general public again during the second phase of ICO funding (without the bonuses offered to those participated in Round 1) that will coincide with the Public Beta release of the The Smoke Exchange in early Q1 2018.
Dopecoin Specifications: Total: 200,000,000 Outstanding: 116,404,618 Algorithm: Proof Of Stake (V3) POS Interest: 5% annual Block Time: 60 seconds Dopecoin Wallet Download Links: PC MAC Linux
More Information: Dopecoin Official Website Dopecoin Official Bitcointalk thread Smoke Exchange Official Website Smoke Exchange Bitcointalk thread
On board, on board:)))
I really hope one of these MJ related tokens takes off, but I honestly don't see it. Maybe I am wrong and one of them becomes the Apple of MJ currencies. But with the advancement of SMT's coming soon, I hesitate on any new token or coin that doesn't have STEEM's pedigree of benefits. As an MJ legal manufacturer, why would I not just have my own token? and hope that IT becomes the Apple. That way I have the best product, and people are using MY currency.
I don't see many negatives of accepting all types of MJ tokens, but I can't see the mass adoption to one specifically for any reason.
You may be more knowledgeable on this than me seeing as your the OP. Am I missing something here?
Thanks for replying. Up until now, all the MJ related cyptos have focused only on one purpose which is trying to bridge the gap for the unbanked in the industry. The collaboration between DOPE and SMX is an innovation that not only serves that purpose but also solves a different challenge altogether. All MJ related businesses are defacto banned by conventional internet advertising channels. DOPE will also be the only MJ coin to have its own payment gateway ecosystem with click, set, and go plugins for popular ecommerce platforms that will automatically convert payments into advertising budget. The intent here is to solve two problems simultaneously while making the learning curve as gentle as possible for the business owner. IMO, if any of these MJ cryptos has a chance at mass adoption, it's DOPE.
Interesting. So how does DOPE and SMX get past the barriers for advertising MJ where the manufacturer can't? If it helps to just direct me to some good info I'm down for that too :)
They have already developed their own self serve advertising platform with a real time auction based bidding system similar to Google Ad Words. It is its own ecosystem that exists outside Google, Facebook, etc. It's quasi-decentralized and outside the control of mainstream tech giants who would police content. Here's a link to the white paper and website.
Ok, I checked out their website and read basically the whole white paper. I think I have a grasp on it. I guess my only question is, what happens when MJ is legal everywhere and the normal media companies are now allowed to market it? Does DOPE or SMX just have the first movers advantage?
Their price graph has been pretty much a flat line for the last 3 years. You think this is what is going to make it take off?
That's a good question that I've considered myself. I think we are many years away from full federal legalization in the U.S. If successful, the project would be so far ahead by then I don't think it would matter.
Honestly, if you read the white paper the biggest question that should stand out is "it's a good idea but why is it a good investment? How does the token value appreciate? How do I make money?"
That question is about to be answered shortly. Stay tuned.
As far as the valuation of DOPE goes, you should judge it from January 2017, when it was relaunched. Before that it couldn't answer the two nagging questions brought up in the press release, so it was the same as every other weed themed coin, a novelty for speculation.
Good stuff. I'll keep my eye on it and let you know how I make out if I decide to jump in. Thanks man.
very nice you.Then give me a vote from you.
I love the idea, but they continue to release information with no real sources or signs of growth...
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