Tokes

Overview

Tokes (TKS) is a cryptocurrency designed to serve the legal cannabis industry by providing payment solutions and supply chain management tools. The project aims to solve banking and payment challenges faced by cannabis businesses due to federal regulations.

Purpose and Utility

The intended purpose of Tokes is to facilitate transactions within the cannabis industry and provide blockchain-based supply chain tracking. The platform includes the Merchant Gateway for payments and the EPCIS blockchain solution for supply chain management.

Business Model Analysis

The business model revolves around providing payment and tracking solutions for the cannabis industry. While blockchain technology and payment solutions are permissible in Islam, the primary focus on serving the cannabis industry raises significant concerns from a Shariah perspective, as cannabis is generally considered haram except for specific medical purposes.

Development and Adoption

The project shows limited recent development activity and adoption. The last significant updates to their platform were reported in 2021, and current usage appears minimal.

Token Distribution and Governance

Information about token distribution and governance structure is not readily available, which raises transparency concerns. The project's website provides limited details about the current state of operations.