Smoke Exchange Smoke Exchange

Smoke Exchange

Created using Figma
Created using Figma
A self-serve advertising platform for the marijuana industry.
Risk: High
Sep 30, 2017
Dec 15, 2018
66% completed
Raised funds - no Data
Cap 50 000 ETH
ongoing
  • 300 SMX
    =
    1 ETH

About Smoke Exchange

The Smoke Exchange is a self-serve advertising platform for the marijuana industry. It will connect advertisers and publishers directly and make advertising opportunities readily available and affordable for cannabis businesses.

The legalization of cannabis has opened up a promising new market for many organizations and businesses. Research indicates that the legal use of marijuana is on the rise globally, and statistics show a steady annual growth in the industry. However, the industry is prohibited from using traditional advertising platforms such as Google AdWords, Facebook, Taboola, Outbrain, etc.

Washington, Nevada, Maine, Massachusetts, California, Alaska, Colorado and Oregon already allow the recreational use of marijuana. Also, a total of 28 states have signed up for medical use of marijuana. Canada is scheduled to legalize marijuana in July of 2018 and many other countries around the world are following suit.

Using data provided by BDS Analytics, it is predicted that the legalized marijuana industry will grow from $6 billion in 2016 to over $25 billion in 2020. As a consequence, marijuana marketing will be bigger than ever from this year onward. Recently, Apple allowed marijuana applications into its app store after many petitions from several cannabis companies. This is clear proof that there is already a shift in the needle which will shift even more in the months to come.

The fledgling cannabis advertising industry is growing in leaps and bounds compared to a few years back when there weren't a lot of companies that paid attention to that part of their business. The problem that plagues the industry is the restrictions that traditional media companies place on their ability to advertise. There is a lack of clarity surrounding why traditional media outlets restrict marijuana advertisements on their platforms. In some cases, publishers are banned, whilst others are allowed, even when they all follow the same guidelines. This has created an uneasy relationship between the legal cannabis industry and traditional media.

The steady growth of the cannabis industry means that many marijuana brands are making millions of dollars every year. However, the growth is stunted by the limitations faced in the advertising industry. The only way to avert this is by reaching out to new customers through an efficient and effective advertising model. This is where the Smoke Exchange comes in.

The Smoke Exchange is the first platform to cater solely to the advertising needs of the marijuana industry. It is a self-serve digital marketplace for advertisers and publishers to connect directly and trade. Advertisers and publishers will be able to buy and sell advertising space in an efficient manner with no restrictions using cryptocurrencies.

The Smoke Exchange token-(SMX) will act primarily as the medium of exchange between publishers and advertisers. It will also be a store of value for investors.

Roadmap

  • Q1 2017

  • DopeCoin Gold launches and publicly announces that they will be building an advertising exchange that will accept DopeCoin as a payment method on the BitcoinTalk forums.
  • Q2 2017

  • DopeCoin Gold goes from a $40,000 USD valuation to a $5 million market cap. After a price correction it still holds strong at $2.5 million providing a +2119.23% ROI for early investors.
  • Q3 2017

  • Research and development of the new advertising exchange becomes the top development priority. A team of legal and technical experts is assembled to facilitate the upcoming project. Prototype of the Smoke Exchange advertising platform is developed to show proof of concept and some of the features that will be available once the project is completed. All aspects of an upcoming ICO are created and audited. Including the white paper, smart contracts, security and legal obligations. ICO prepares for launch in September. Pre-sale is scheduled to start in late September. ICO launch will follow shortly after and last for a total of 4 weeks. There will be a 50% bonus for pre-sale participants.
  • Q4 2017

  • ICO process is complete and tokens are distributed. Work continues on the platform to bring all of the blockchain technology and security features to a fully operational state. Our sales and marketing teams begin the critical process of onboarding our first round of publishers, advertising agencies and advertisers to prepare for the beta launch in Q1 2018.
  • Read More
  • Q1 2018

  • The beta version of the Smoke Exchange is scheduled to launch in the first quarter of 2018 and will be available for use by new advertisers and the general public by this deadline. Business development and customer acquisition become the main focus as we work on rapidly expanding into the marketplace by aggressively marketing and promoting our platform.

Materials

Smoke Exchange

Activity

Status:
Hero Member
VERY HIGH
Activity:
770
VERY HIGH
Merit:
500
VERY HIGH
Posts:
199
LOW
Views:
11 865
VERY HIGH
Status:
Legendary
VERY HIGH
Activity:
1 638
VERY HIGH
Merit:
1 000
VERY HIGH
Posts:
459
MEDIUM
Views:
9 949
HIGH
Users:
216
MEDIUM
Posts:
41
VERY LOW
Followers:
304
VERY LOW
Likes:
292
VERY LOW
Rating:
4.70
VERY HIGH
Reviews:
9
VERY LOW
Followers:
2 528
MEDIUM
Tweets:
1 963
VERY HIGH
Members:
242
VERY LOW
Alexa
Rank:
9 363 394
VERY LOW
Delta:
5 895 738

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Blockchain Developer
unverified
Community Manager
unverified
Mike Jed
unverified

Last News

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