Quote from: jabetizo on April 26, 2018, 09:31:21 AM

Quote from: lolobubu on April 26, 2018, 08:23:15 AM

Are you building your own blockchain? Shocked

So no ERC20?

I will watch this one, also can you tell me op, what competitors do you see? Already potcoin etc for weed... Roll Eyes

Quote from: mia_houston on April 26, 2018, 09:26:21 AM

Quote from: lolobubu on April 26, 2018, 08:23:15 AM

Are you building your own blockchain? Shocked

So no ERC20?

I will watch this one, also can you tell me op, what competitors do you see? Already potcoin etc for weed... Roll Eyes

I think Smoke will have its own blockchain, not in ERC token

So this coin only for a smoker, smoke everyday and you can earn some smoke also spreading a word of smoke, that the way to earn some smoke coin. Correct me Cheesy

Thank you!

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Smoke.Network is a Delegated Proof of Stake (DPoS) blockchain tailored to the needs and wants of cannabis users and SMOKE is the coin that powers it. To learn more read our whitepaper. Our first minimal viable product (MVP), Smoke.io is currently in development and is scheduled to be released in Q3 2018 along with our mainnet blockchain.

The SMOKE cryptocurrency is not like other cannabis coins as it has different functionality to just a store of value or transmitting money. It is the backbone that runs the Smoke Network blockchain and will power important aspects of the network including content rewards for high quality content. It will also have additional use cases such as buying advertising credits on the Smoke.io DApp in SMOKE and unlocking new features for the Smoke.io app and website.

At Smoke Network we respect all cannabis cryptocurrencies in the scene and their ideas for a better future with cannabis. That said, we have been careful to position ourselves as the only decentralized cannabis social network on the market and the only cannabis project aimed at the social networking and media space. We are also the only project in which we believe our Coins have direct utility value on our social network for the average user.

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Quote from: ckybe on April 26, 2018, 09:20:14 AM

Smoke get paid, repeat huh? Huh

How does that work?

Our blockchain is a fork of Steem based on a delegated proof of stake blockchain (similar to EOS and Bitshares, etc). (Delegated Proof of Stake). In this model instead of miners like on Ethereum and Bitcoin we have witnesses and proof of stake consensus. The new rewards are daily put into a reward pool that is then split as follows: 75% goes to the reward pool to reward users on the platform, 15% goes to holders of smoke and 10% goes to the miners.
This model has worked great for Steem as users have to Power Up their coins in order to vote on where the daily rewards go as well as vote on who should be the block producers. This creates an environment whereby anyone that powers up has stake in the network and can influence where and how new coins are distributed via voting on content. Long term holders also get issued 15% APR in SMOKE Power if they have vested Smoke. Vested SMOKE (Smoke Power) cannot be sent or moved, only used to vote.

Got it. Sounds good. Sounds like one crazy system, sort of makes sense. I think I gotta smoke one and come back before I make my mind up about you guys. Tongue

ckybe

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