White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken

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White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
White Paper

    The first blockchain voucher for CBD utilising the
                          power of Ethereum (ETH).

Early Draft Version 0.9 — Subject to Change
Last Updated 01.08.2018
White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
Abstract
CBD Oil has been observed to deliver health benefits and is widely used in
lifestyle and medicine. With the purchase, sale and possession of CBD legal in
most countries, CBDoken finally solves the problem of:

   ● high pricing for CBD Oil;
   ● massive fluctuations in terms of quality;
   ● and premium CBD on demand - worldwide!

With cryptocurrencies being extremely volatile with virtually no price stability
and the existence of too many poorly conceived tokens with no actual product,
CBDoken leverages the power of blockchain:
Developed for the sale of a real physical product, CBDoken leverages distributed
ledger technology to bring transparent, user-generated pricing on the
Blockchain, such that one (CBDF) Token corresponds to an underlying voucher
for a 10ml bottle of CBD Full Spectrum Oil.

All physical assets are stored in dedicated vaults at our manufacture, storage
and logistic center. They are audited for quantity, quality and the highest
laboratory grade standards.

Developed for implementation via Blockchain, (CBDF) forms a contract between
CBDoken and token holders, the first CBD crypto voucher. This voucher is
redeemable at CBDoken. This works by triggering a so called ‘Token-Burn’ on our
website. As any other voucher, it is tradable on any open market, including
crypto-exchanges.

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White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
To   ensure   that   every   consumer    get     the   benefits   of   CBDokens
community-defined pricing all products will be offered by CBDoken on a
fiat-based webshop. The supply for the webshop is restocked from orders
purchased via the same transparent blockchain.

                                                                              2
White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
Chapter I, Introduction                                                  2
    1.1 What is CBD?                                                     2
    1.1.1 Legal Status                                                   3
    1.2 About CBDoken                                                    4
         Asset Backed Coin                                               4
         1 x CBDoken = 1 x CBD Retail Product                            4
         -60% Cheaper CBD                                                4

Chapter II, The Problem                                                  5
    2.1 Problem with Cryptocurrencies                                    5
    2.2 Problem with CBD Trading                                         5

Chapter III, CBDoken                                                     6
    3.1 CBD Tokenization, Value of the CBDoken: Why Should You Invest    6
    3.2 Asset Backed                                                     6
         3.2.1 Quality of Assets                                         6
         3.2.2 Storage                                                   7
         3.2.3 Third Party Audited                                       7
    3.3 Blockchain Technology                                            7
         CBDoken Blockchain                                              9
    3.4 Distribution of CBD                                              0
         3.4.1 Claiming                                                 10
         3.4.2 Shipment & Delivery                                      12
    3.5 Market Stability                                                12
         3.5.1 Doken Reference Index (DRI)                              13
         3.5.2 Doken Factor                                             14
         3.5.3 Euro Linked Index                                        14
    3.6 Trading Volume                                                  14
         3.6.1 CBDoken Shop                                             15

Chapter IV, The Business Opportunity                                    16
    4.1 CBD Market Place: Effective CBD trading                         16
         4.1.1 Value Proposition for Consumers                          16
         4.1.2 Value Proposition for Investors                          17
    4.2 Market Overview                                                 18
         Target Market                                                  20
    4.3 Challenges                                                      20
         4.3.1 The Objectives                                           20
         4.3.2 Barriers to Entry                                        21
         4.3.3 Threats                                                  21

Chapter V, Full Spectrum Oil (CBDF)                                     22
    5.1 What is a CBD Full Spectrum Oil?                                22
    5.2 Token Sale Process (CBDF)                                       23
    5.3 Timeline (CBDF)                                                 25

Chapter VI, The Roadmap 2018 - 2019                                     25

Chapter VII, About CBDoken                                              26
    7.1 Background                                                      26
         7.1.1 The Team                                                 26
         7.1.2 Advisors                                                 27
         7.1.3 Corporate Structure and Key Information                  27
    7.2 Closing Words                                                   28

                                                                        3
White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
Chapter I, Introduction

1.1 What is CBD?
Until recently, the most well-known compound in cannabis was delta-9
tetrahydrocannabinol (THC). This is the most active ingredient in marijuana. The
plant actually contains both THC and CBD, but the compounds have different
effects.

THC is well-known for the mind-altering "high" it produces when broken down
by heat and introduced into the body, such as when smoking the plant or
cooking it into foods.

Unlike THC, CBD is not psychoactive. This means that it does not change the
state of mind of the person who uses it. However, research indicates it does
appear to produce significant changes in the body and has been found to have
medical benefits.

Chemical composition of Cannabinol (CBD, C
                                         ​ ​21​H​26​O​2​)

                                                                              4
White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
As one of the many useful compounds in the marijuana plant, CBD has been
  used to treat ailments for millennia. However, the individual compounds in
  cannabis remained unidentified until Dr. Raphael Mechoulam revealed the
  structure of THC and CBD in the early 1960s. By the 1980s, medical researchers
  had began measuring the positive impact of CBD on pain along with the
  endocannabinoid system (ECS).

  Today, an increasing body of medical research supports the use of CBD for a
  variety       of     ailments        including       anxiety       disorders,        chronic       pain,      and
  neurodegenerative conditions. As a consequence, CBD market size has grown at
  an incredible rate in the last years.

  Financial and CBD industry experts believe it is only the beginning. Nowadays, it
  is the most widely available component of the hemp plant and is increasingly
  moving into the forefront of public interest and found wide recognition in
  medicine, lifestyle and pop-culture.

  Consumers no longer have to revert to smoking dried leaves mixed with tobacco
  or some other ineffective and potential harmful form of consumption, because a
  select few manufacturers are now using sophisticated equipment to produce
  CBD products in the form of wax, drops or oils of medical quality.

  1.1.1 Legal Status
Purchase, sale and possession of CBD Hemp Seed Oil, which is not considered as
novel in food, is legal in most countries and available on prescription in many.
Extracts of Canabis sativa L in which cannabidiol (CBD) levels are higher than the CBD levels in the source Canabis
sativa L are novel in food. Cannabidiol (CBD) is one of the cannabinoids in Cannabis sativa plant. - E
                                                                                                     ​ uropean Union

                                                                                                                       5
White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
1.2 About CBDoken
CBDoken is an innovative Company with unique features. It handles the sale of
CBD Full Spectrum Oil and represents a voucher for a consumption-ready CBD
Oil on the Blockchain, to make it’s purchasing and trading cheap, safe and
transparent.

                                        Voucher Token

(CBDF) are Token that are created for CBD Full Spectrum Oil. Each CBDoken
represents a redeemable and tradable voucher for a bottle of 10ml 3% CBD Full
Spectrum Oil.

                      1 x CBDoken = 1 x CBD Retail Product1

If there are 1 000 (CBDF) Token in circulation, there are 1 000 bottles of CBD Full
Spectrum Oil in storage. You can redeem your product at any time through our
website.

                                     -60% Cheaper CBD
By cutting down the distribution chain and selling directly to the consumer,
CBDoken is able to undercut the competition by a huge margin and reduce the
purchasing price of finished CBD products for consumers and resellers up to a
factor of three during the Token Sale to initiate a fairly priced market.

1
    Varying on the final product - ml or gr
                                                                                 6
White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
Chapter II, The Problem

2.1 Problem in crypto
The whole crypto space is highly volatile. On any given day, it is common to see a
volatility of 10-20% and there is virtually no price stability since there are too
many poorly conceived Tokens with no actual product on the market. CBDoken
solves this problem by creating a Voucher Token, bringing a real world usecase
on the blockchain.

2.1 Problem in CBD trading
A growing number of companies are now producing and moving CBD products
around the globe. These cater not only to accelerating consumer demand but
also account for medical cannabis derivatives for medical purposes and studies,
with significant markets and producers in the Americas, Europe and Asia.
However, the global trade of CBD Oil has been hampered by a lack of
transparency, a missing market place and a coherent pricing model which lead
to a distorted market and excessive consumer prices.

This legal yet largely unregulated CBD market suffers from similar problems as
the mostly forbidden cannabis (THC) market. Bad quality, poor supply and
over-priced products are the result.

   ❖ QC/QA is difficult, which results in poor quality products
   ❖ it is difficult to divide truth and marketing, which results in scamming
   ❖ extraordinary pricing through too many intermediaries and
   ❖ Fragmented Global Delivery and Distribution for premium CBD Full
      Spectrum Oil

                                                                                7
White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
Chapter III, CBDoken

3.1 CBD Voucher Token, Value of the CBDoken:
Why Should You Buy
CBDoken creates Vouchers for a range of CBD products, offering a transparent
and open community-defined pricing. As the market for CBD continues to
develop so will the offered products. Subsequent Token sales provide interested
individuals and customers the ability to purchase various CBD products at
wholesale prices and claim or trade them digitally or in traditional retail. Thanks
to streamlined value chain management excess costs are removed which
otherwise burden the retail price and bottom line.

3.2 Voucher Assurance
Every Token represents a voucher for a physically existing CBD product sitting in
designated custodial storage. The provenance of the CBD product is audited and
immutable.

3.2.1 Quality of Assets
CBD-derived products vary widely in terms of quality and for many, quality
assurance is challenging; CBD products were found not to contain CBD, or
contaminated with pesticides and bacteria.

Therefore, we work exclusively with our trusted partner Arge-Canna, who
invented a ‘seal of approval’ for high quality CBD products under strict quality
criteria, working hard to ensure our products remain free of pesticides,
fertilisers and other impurities. Our CBD Oil is made from 100% naturally grown

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White Paper The first blockchain voucher for CBD utilising the power of Ethereum (ETH) - CBDoken
hemp and constantly tested for purity and quality in redundant and
independent dedicated laboratories. Check the QR on the bottle!

3.2.2 Storage
CBD Products are stored in a secured and audited warehouse. Products can only
be withdrawn with the notification for shipping by the burn contract automated
process. Independent audits are carried out on a quarterly basis and published
on our website to give our customers confidence that their assets are stored
securely.

CBDoken works with an existing distribution network. Different shipping options
will be available depending on size.

3.2.3 Third Party Audited
An established auditor provides quarterly audits of our inventory and quality
commitment. To meet our high quality standards, we collaborate with the most
qualified and,best-equipped analytical laboratories that test and monitor every
stage of our production and the final product.

All our products undergo continuous and rigorous quality assurance with
verification as well as short – and long – term stability checks. This ensures the
consistency of our products because we believe in transparency and publish all
test results.

3.3 Blockchain Technology
Relies on participating users to power the network by confirming transactions
utilising a general consensus mechanism. The ‘blocks’ of information are
transparently stored chronologically on every full node.

                                                                                9
CBDokens are CBD (Cannabidiol) Vouchers on Ethereum. We leverage the
Distributed Ledger for its immutability, transparency and auditability by applying
it to physical assets currently lacking such digital representation.

                           CBDoken Blockchain

                                                                               10
Explication
      1. Burns CBDoken against product claim
      2. Sends ETH to purchase CBDoken Vouchers
      3. Sends CBDoken once ETH has been received
      4. Triggers withdrawal and shipping
      5. Receives funds from token sale
      6. Initiates and manages token sale
      7. Produces CBD Oil for Voucher Tokens
      8. Sends Quarterly Audit reports
      9. Sends Shipping information and withdrawal amount
      10. Stores CBD Products
      11. Audits storage
      12. Withdraws CBD Product from secure storage
      13. Ships to Customer

3.4 Distribution of CBD Oil
     Investor                       CBDoken                            CBD Vendor

     ❖ Sends ETH to Smart           ❖ Provides                         ❖ Receives % of ETH
         Contract                       Infrastructure                     sent to Smart
     ❖ Receives CBDF2               ❖ Receives % of ETH                    Contract
         Token                          sent to Smart Contract         ❖ Handles Shipping
                                    ❖ Handles CBDF                     ❖ Warehouse and
                                        Distribution                       Storage
                                    ❖ Burns Token

2
    * (= 1 Bottle of CBD Full Spectrum Oil)) to Wallet (e.g. myetherwallet.com)
                                                                                             11
3.4.1 Claiming
The CBDoken Full Spectrum Oil can at any point be claimed, once it has matured,
which happens after a set time following its Token sale. This process is called the
Token Burn, an incredibly smart move that initiates the shipping of the
underlying product.

In the crypto world, there are a finite number of specific Tokens available; when
a proportion of these are purchased by consumers and resellers, the total
number of Token available on the market decreases and, as a consequence, the
value of each individual Token may increase.

Within CBDoken, however, the impact is limited or non-existent, as each Token is
always a voucher for a real CBD product. If there are less Tokens, there is also
less CBD Oil, the ratio stays the same and the value of the Token remains
unaffected.

The blow graph illustrates in detail how a Token holder can convert their digital
Token into the underlying physical asset.

                                                                                12
Explication
  1. Send token to be burned
  2. Fill out shipping information
  3. Validates Information
  4. Trigger withdrawal and shipping process
  5. Transfers CBD product for shipping

                                               13
3.4.2 Shipment & Delivery
CBDoken shipment is handled by a third-party and uses a 1 Euro flat rate for
packaging and shipments to all countries which are calculated and added at
Checkout according to the address region and a small extra shipping fee. There
is no minimum shipping amount.

CBDoken will do it’s best to ensure the best and cheapest possible shipping, still
due to the nature of the product and the diversity of customs regulations it can
happen, that a package gets delayed or denied. In this cases we have a customer
friendly process for information, but unfortunately we cannot guarantee delivery
at this time in every place of the world. On dispatch you will receive your
shipping code, please make sure to stay in contact with the shipping company
for updates regarding your package. CBDoken cannot guarantee that the
package will make it, and international ordering is done at the risk of the
customer.

All shipments are sent via DHL for International Shipping. Customers are
responsible for checking their shipment for damage at time of delivery. Claims
for product damaged during shipping must be made within 72 hours of receipt
of package.

3.5 Activation of a Free Market
Our company's goal is to create transparent pricing by leveraging blockchain
technology for CBD Full Spectrum Oil. Therefore we plan to activate the market
at the wholesale price and let the community set the future pricing of CBD oil.
Tokens that are redeemed are replaced every first Monday of a month.

Read more about the Free Market through the Blockchain on H
                                                          ​ ackernoon

                                                                                  14
3.5.3 Euro Linked Index
Currently, due to the nature of business, stability and product we bind the
Doken Market Analysis to Euro and the European Market realities. In the future,
this can be changed to a more global reference.

3.6 Trading Volume
To have a working market, a minimum of trading volume is necessary to avoid
increased price volatility. Therefore CBDoken actively works with wholesalers,
shops and customers to have a stable trading volume on the Market and it’s
exchanges.

This is achieved by actively participating in the market through the purchasing
and sale of Tokens via our webshop platform as well as the distribution of
additional Tokens and products.

3.6.1 CBDoken Shop
An online shop will be set up by CBDoken to further simplify purchasing our CBD
products. These products can be bought for the actual current trading price
directly with traditional currencies such as EUR.

This is done by purchasing CBDoken Voucher Tokens at market price. CBDoken
will then burn these Tokens and trigger the claiming/shipping process. This has
the positive side effect of contributing to the market dynamics on the exchanges.

All burned Token will be reinstated at the beginning of each month, depending
on market demand.

                                                                              15
Chapter IV, The Business
Opportunity
4.1:Digital CBD Oil distribution
Status Quo
   ❖ Intransparent Market & High Prices
   ❖ Fragmented Distribution Network
   ❖ Lack of product quality

Goals and Opportunities
   ❖ Create a Blockchain Voucher for CBD products
   ❖ Offer CBD Oil at significantly reduced prices to customers and investors
   ❖ Analysing the market to ensure a community-defined product pricing

4.1.1 Value Proposition for Consumers
Currently, consumers of CBD Oil pay an incredibly high price with crazy profit
margins for the resellers. By skipping a large part of the distribution chain and
going directly to the customer, CBDoken is able to sell CBD at a price vastly
below the retail market price. Typically what you can expect is that every product
purchased via CBDoken would have costed at least three times as much if
bought elsewhere.

   ❖ Hugely discounted prices up to 60% below market rate will have
      implications for the global prices of CBD Oil - ideally, CBDoken aims to
      lower the price for all CBD products.
   ❖ The transparent market for the purchase of CBD Oil removes many of the
      hurdles and variables when purchasing CBD products online.

                                                                                16
❖ A guaranteed and continuously tested high quality provides consumer
      safety and allows for a more relaxing purchasing experience.
   ❖ Global shipment and delivery to wherever you are legally allowed to order
      CBD products further provides security and ease of mind.

4.1.2 Value Proposition for Reseller
CBDoken allows holders to trade CBD product vouchers or to claim the
underlying product and sell it in traditional retail. This will eliminate some of the
inefficiencies of the current CBD market model. By reducing middlemen and
eliminating costs for customers and resellers a user-defined pricing for each
CBD product based on market analysis is provided. Every Token corresponds to
an underlying CBD product, which means the voucher guarantees the buyer the
ownership of a physical product without the need of storing or transporting the
product itself.

❖     CBDoken offers resellers a digital, transferable and claimable CBD
      voucher token.
❖     Token Price is significantly below retail value, which allows to trade,
      transfer or resell the underlying product or the voucher itself

❖     Our CBD stockpile is audited on a regular basis by a renowned auditing
      firm, providing investors with the highest level of security and the
      knowledge that their digital assets have real world value.

❖     Through CBDoken’s global supplier network all Tokens can be exchanged
      to the underlying product at any time.

❖     Exchanged Tokens will be destroyed, making fraud exceedingly difficult.

❖     CBDoken takes active measurements to establish a fair market price

                                                                                  17
Secure

                                     ❖     All Tokens Stored on the Ethereum
                                           Blockchain

                                     ❖     Fully Audited CBD Storage

                             Voucher Token

                                     ❖     corresponds to redeemable CBD Full
                                           Spectrum Oil

                                     ❖     Transparent Pricing

                                     ❖     Stable Supply

                              Transferable

                                     ❖     Global Trading

                                     ❖     Fast Transactions

                                     ❖     No Intermediary

4.2 Market Overview
The global CBD market is currently estimated at around 220 million USD. It is
expected to grow by 700% to over 2.1 billion USD by the year 2020. CBDoken
aims to capture a significant share of the entire consumer and small retail
market by disrupting the existing production and distribution chain and selling
CBD Products directly to the customer at a price that is about 80% below the
competition.

Using blockchain technology allows CBDoken to create a unique distribution that
offers transparent, user-generated pricing. This allows every token holder to sell
and trade his CBD-backed tokens, offering small retailers to sell CBD oil not only
in store, but also on the blockchain. CBD products for CBDoken’s webshop are
bought directly over the blockchain and sold at crypto-exchange price.

                                                                               18
Source: Hemp Business Journal and Vote Hemp estimates ($ million, consumer sales)

The use of CBD based products globally is increasing however determining exact
figures is near impossible due to the fragmented nature of the market. This is
where CBDoken aims to gain market share as we can facilitate the trading of
CBD oil through the Tokenization process. Through enabling the trading on
crypto exchanges a true market price will be determined. This digitization
process allows CBDoken to be traded without the need to physically move the
underlying asset.

                                                                                    19
Source: Ackrell Capital estimates. See Chapter IV: U.S. Cannabis Market Estimates

Target Market
We have identified the following segments as the primary target market for our
products and services:

            ● Crypto                    ● CBD Retailers            ● Use Cases as a
               Investors                ● Traders                      reliable currency
            ● CBD User

4.3 Challenges

4.3.1 The Objectives
   ● Create a global medium of distribution for CBD oil.
   ● Offer CBD oil at significantly reduced prices to our customers and
       investors.
   ● Increased transparency for suppliers, retailers, and end users by
       establishing a fair and global marketplace.

                                                                                       20
4.3.2 Barriers to Entry
As a CBD and cryptocurrency company we face the following barriers of entry:
   ● High start-up costs.
   ● The need for high quality reliable suppliers of CBD.
   ● A shifting legal landscape for cannabis derived products.
   ● Brand recognition challenges.

4.3.3 Threats
The main threats facing CBDoken are:
   ● CBD oil being banned in certain countries restricting the luristdictions CBD
      products can shipped to.
   ● Technology safety risks such as exploits pertaining to blockchain
      technology.
   ● CBD being regulated overly strict - e.g. as a medical substance and
      available by prescription only.

                                                                               21
Chapter V, Full Spectrum Oil
(CBDF)
5.1 What is a CBD Full Spectrum Oil?
(CBDF)-Token are 100% backed by CBD Full Spectrum Oil. Full Spectrum Oil has
been proved to be tremendously potent and effective due its wide variety of
Cannabinoids. The oil is purified of waxes and pigments, contains more than 4%
of natural cannabinoids with THC level below 0.10% and CBD concentration of
3%.

Organic hemp material used for extraction is grown and cultivated without
herbicides and pesticides within the European Union. Third-party testing of
cannabinoid ratio, heavy metals, pesticides and microbiological contamination
provided.

Name        CBDoken Full Spectrum Oil
Type        Hemp Seed Oil
Symbol (CBDF)

                                        CBD > 3%
                        Neutral Cannabinoids > 1%
                                        THC < 0.1%

                                                                           22
Price / Gram incl. Taxes

           Average Retail Price                     28.00 €

           CBDoken Exclusive Offer                  12,50 €

5.2 Token Sale Process (CBDF)
Three Funding Rounds, each Distribution Round lasts one month. Token left will be
distributed in continuing Distribution-Rounds. Our first Token Sale is backed by CBD
Full Spectrum Oil with a total Token-Value around 10.5 Million Euros. Forthcoming
Distribution Rounds will be released after Portfolio-Increase at Token Market Price.

                       Private Sale          Pre-Token Sale       Token Sale

 Token Supply          15.000 CBDF           235.000 CBDF         500.000 CBDF

 Token Price:          12.50€                13.50€               15.00€

 Release Date          June - August 2018    September 2018       Oct. - Nov. 2018

                                                                                       23
5.3 Timeline (CBDF)

                      24
Chapter VII, About CBDoken
7.1 Background
7.1.1 The Team
The CBDoken team first took hold when Alex Lacina, who spent the past couple
of years working in the cannabis business, as instance as executive assistant
with the Bushplanet leadership team - one of Europe’s largest legal hemp
related companies - and witnessed first hand the inefficiencies of the global CBD
trade, the difficulties in quality control and lack of transparent pricing.

Furthermore, Alex has a deep and emotional personal connection to the topic
following his mom’s terminal cancer prognosis five years ago and her CBD-based
therapy, which helped her tremendously but cut deep into her pockets.

Following this realisation, he approached his former classmate Leo, whose
background as a serial entrepreneur made him uniquely qualified to turn this
idea into reality. With the help of our founding partners, Christoph, who has
himself built multiple successful companies and is now overseeing most of the
day to day operations, Florian, whose background in blockchain applications and
finance and Alex, a legal expert, this project became increasingly            tangible.
Karina Streng, a serial-entrepreneur by her own, and Mel Merio, a popular
austrian TV-Host, DJane and CBD-Ambassador, joined CBDoken to push our
marketing to the limit!

                                                                                    25
Alexander Lacina                                           Leo Razumovsky, MBA
Co-Founder & Chairman                                      Co-Founder & Board Member

› Prior Executive Assistant at Bushplanet                  › Deployment Strategist at Palantir Technologies

› Cannabis Industry Expert                                 › Co-Founder and former COO at Grape

› Crypto-Enthusiast                                        › MBA at University of Applied Sciences, Burgenland

Christoph Richter                                          Florian Fuchs-Martschitz, BBA
Founding Partner & CEO                                     Founding Partner & CFO
› Serial Entrepreneur & >10 Years of Product Development   › Management Consulting Experience
› Co-Founder of Zoomsquare                                 › 5+ years Financial Industry Experience
› Board Member at Startup Bus                              › Blockchain Enthusiast
› Founding Partner at Intellyo                             › Crypto Investor

                                                                                                                 26
Mag. Alexander Rapatz, MBL                     Alexander Brovman
Founding Partner & CLO                         CTO
› Independent Advisor at European Commission   › Global Head of DevOps and Principal Cloud Security
› Legal & Compliance Officer                        Engineer at Solera Holdings
› Business Angel                               › Formerly Automation and SDS Principal Engineer Erste
                                                    Bank Group

                                               Blonde 2.0
                                               PR
                                               › One of the world’s leading boutique tech PR firms
                                               › www.blonde20.com

                                               Stadler Voelkel
                                               Attorneys at Law

Mel Merio                                      › Start Ups & Cryptocurrencies
                                               › Several successful ICOs
Influencer Manager
                                               › www.svlaw.at
› TV Moderator
› Music Producer
› Artist

Dmitry Piasecki
Art Director
› Brand & Interface Expert
› 15+ years Art & Design Field Experience
›   dmitrypiasecki.com

                                                                                                        27
7.1.2 Advisors
Geistgrow, USA                                        MyWish.io
Advisor                                               Smart Contract Development
 › Co-Founder of Humboldt Seed Organization           › Decentralized Full-Cycle Platform
 › Worldwide Cannabis Seed Distribution               › www.mywish.io

                                                      Mag. Klaus Hübner
Joscha Krauß, DE
                                                      Advisor
Advisor
                                                      › Board Director at arge-canna.at
 › General Manager at MH Medical Hemp GmbH
                                                      › Foremost expert in the field of CBD quality control
 › Active Worldwide in the Area of Medical Cannabis
                                                      › Representation of Medical Users in Austria

7.1.3 Corporate Structure and Key Information
CBDoken GmbH                                          Contact Information

Tuchlauben 7a                                         T:        +4312530025-308
Vienna, 1010                                          E:        office@cbdoken.com
Austria                                               W:        www.cbdoken.com
FN 491418 z

7.2 Closing Words
CBDoken is a technology company focused on bringing CBD Vouchers on the
blockchain. Through issuing our own Crypto Voucher our customers can digitally
buy and trade in a wide range of CBD based products such as full spectrum oil.
The Token can be converted into the underlying physical product at any time
and shipped globally.

                                                                                                              28
This process enables a transparent and consolidated market-price for buying
and trading CBD products with the peace of mind that the product underpinning
each Token is stored safely and always available to the owner.

We believe that through significantly increasing transparency in pricing across
the industry, CBDoken has the potential to become the medium of distribution
for the global CBD trade. In the coming years we expect to rapidly grow our
product portfolio and market reach to cover an even wide range of the CBD
market.

Our target market covers crypto enthusiasts, CBD user, retailers and of course
CBD producers. It is our goal to provide tangible benefits for each of our market
segments and serve to facilitate the global CBD trade. This will be achieved
through a solid technical blockchain implementation serving to create vouchers
for different CBD Products as well as an ever expanding network of suppliers,
consumers and resellers.

With an experienced team of entrepreneurs, consultants, lawyers and marketing
experts we believe we have all the necessary skills, the dedication and drive to
successfully implement our vision for a CBD market that easily accessible,
transparent and fair to all participants - ultimately driving down the cost for the
only one who really matters, the customer.

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