CHEX Token Model

CHEX Token (CHX) is an economic innovation to transact more favorably versus established exchange networks and merge previously unlinked market makers.

Subscribed business class users will be rewarded CHEX Tokens for participation on industry exchange platforms, called Pillars, when they supply market activity and useful content that boosts the CHEX Ecosystem and overall network effect. The value of rewarded tokens financially complements core CHEX Token utility as a transaction medium (currency) to subsidize transactions – ensuring accrual of higher market rate for sellers and discounting market buyers. Individual broker accounts who may navigate between industries can also earn CHEX Token by affiliating with active market orders to facilitate transactions.

The active and fully developed Cannabis Hemp Exchange (CHEX) platform is the first Proof of Concept rollout of the CHEX Ecosystem. Our robust and modular technology will be adapted for the needs and regulations of various industry Pillars in collaboration with Industry Ambassadors. The CHEX Token Layer serves to bind all independent exchange platforms onto a decentralized, blockchain-secured financial layer.

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CHEX PARTNERS

Cannabis Hemp Exchange (CHEX) and the underlying blockchain network and token integration have been in development since Q3 2014. Throughout development, The CHEX, Inc. has formed a close network of strategic partners and affiliates to help launch our ecosystem. All of whom believe in ethical, socially-responsible business practice to ensure technology uplifts the quality and optimization standards of all parties involved.
Powering wholesale Cannabis distribution in California and Colorado.

Early CHEX clients are strategic partners to demonstrate Proof of Concept. We launched private marketplace digital platforms that provide a technological advantage for 2 clients (California distributor Pacific Wholesale Network, Colorado producer High Frequencies) to efficiently distribute cannabis commodity and finished product inventory. Several new client platforms are launching by Fall 2017 as more demand exists then we have resources to support.

 

In phase 2 of the CHEX Business Plan, private client platforms will be integrated to ‘push’ excess inventory supply to seed public commodity exchange platforms that we will host on regional regulatory levels, and match with demand in increasingly anticipated buyer markets. Onboarding public centralized marketplace adoption is required for efficient commodity market operation with complete information in the nascent and fastest-growing Cannabis industry.

Licensed wholesale Buyers and Sellers in the global Cannabis industry.

Target users are licensed Producers (Cultivators, Processors), Intermediaries (Distributors, Wholesalers) and Retailers in regulated free markets of Cannabis (Marijuana and Industrial Hemp). Ancillary services will be onboarded as well.

We aim to achieve critical mass for new users to contribute to network effects on the CHEX platform, and enable programmatic wholesale connections for transaction counterparties, complete market information for market participants and speculators, and increased regulatory transparency.

Disruptive strategic partnerships and integrations to move the needle forward.

Our key strategic partners are forward thinking innovators that leverage technology based platforms for optimized solutions in specific Cannabis industry verticals.

Companies such as Tokken (blockchain banking) and Grownetics (cultivation AI) have made a mark in the industry, and provide complementary integration value to provide modern solutions and needed efficiencies for shared clients. Together we can influence the standard by which B2B cannabis is transacted. See Business Plan regarding additional strategic partnerships focused on quality control, compliance and other important areas.

Industry wide relationships for advisory and collaboration.

As a wholesale marketplace platform, we must be able to collaborate with everyone in the industry, including competitors at sufficient scale, in order to achieve universal adoption.

After 3 years of building relationships across the entire gamut of the nascent Cannabis industry, it is clear that upon securing the needed platform adoption, it is possible to have a symbiotic relationship with virtually every B2B stakeholder. Affiliate relationships include market participants and a wide range of ancillary services that serve wholesale and retail cannabis businesses. See Business Plan for more specific information.

Scaling in the Cannabis commodity market and beyond.

Our goal and validated potential, upon securing sufficient capital for technology development and operational expansion, is to convert relationships and organic demand from Producers & Distributors into clients at a rapid pace – to begin scaling the CHEX toward industry wide adoption in the Cannabis markets (Marijuana and Industrial Hemp).

As we grow, we will dedicate resources to cultivate relationships with Industry Ambassadors in other commodity and asset exchange markets that CHEX may power. Initial conversations with online commodity marketplace companies revealed interest in our platform technology.


Token Sale Terms

Total CHEX Token Supply: 1 Billion (1,000,000,000 CHX)

SUPPLY ALLOCATION

• 95% (950,000,000 CHX) Crowdsale Supply
• 5% (50,000,000 CHX) Bounty Potential

The CHEX Token (CHX) sale opens August 25, 2017 @ 11:20PM UTC. All tokens are publicly available at a discounted price through the purchase page until the entire 1 Billion supply is depleted or the sale closes. CHEX Tokens are discounted for early adopters during the sale followed by a gradual increase until November 17, 2017.  No internal or external parties will be allocated tokens outside of the crowdsale. Founders and developers receive no allotment of tokens at any point of the life of the token contract.

Ethereum ERC20 Token
Purchase Methods: BTC, ETH & Altcoins

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KEY DATES

We have developed a vast suite of robust marketplace systems. The initial comprehensive exchange foundation powers commodity exchange with advanced features and a social network. Responding to demand we followed with the storefront system which enabled powering private distribution for commodity and finished products. Afterward we enhanced our Blockchain setup with CHEX Token Layer integration. The CHEX, Inc. has successfully launched B2B beta platforms and will continue to expand our business and technological efforts.
  • CHEX Exchange
    Development

    2014-2016

  • CHEX Storefront
    Development

    Q4 2016

  • CHEX B2B
    Beta Launch

    Q2 2017

  • Token Sale
    Opens

    August 25, 2017

  • Token Discounts
    End

    November 17, 2017

  • Final Stage Dev
    & Expansion

    Q4 2017

  • CHEX Master Suite
    v1.0 Launch

    Q4 2018

01.

Token Sale Opens

August 25, 2017

1 Billion CHEX Tokens (CHX) go on sale. Anyone can buy CHX for a discounted price per token. Buy with Bitcoin, Ethereum or Altcoins to receive an allotment of CHX.

02.

Token Sale End

November 17, 2017

When Block #4558517 is reached, discounted token purchases will end and transfers will unlock.

03.

Final Stage Development and Expansion

Q4 2017

Continuing development on live systems, such as exchange medium expansion, brokerage accounts, native mobile apps and full compliance. Expand CHEX team and client base.

04.

CHEX Master Suite v1.0 Launch

Q4 2018

Our first end-to-end marketplace platform will be launched. From the base CHEX Token layer to a fully featured Commodity Exchange.

CORE DEVELOPMENT TEAM

Our core team has worked incessantly for 3 years to build all of the CHEX technology from concept to beta launch. We have synced closely with market players to satisfy the broad array of needed features for the Cannabis industry Pillar (Marijuana and Industrial Hemp). These robust modular systems can be easily adapted for other commodity and asset exchanges that require reliability, verification and automation. See Business Plan for team bios.

EUGENE LOPIN CEO & PRODUCT MANAGER
DANNY FLOYD CHIEF EXPERIENCE OFFICER
JACOB FLOYD CHIEF TECHNOLOGY OFFICER

ECANN PARTNERSHIP

Our Industry Ambassador for the Cannabis Pillar – eCann, Inc. DBA eCann Media is an active owner and operator in a growing portfolio of 16 companies in the legal Cannabis industry with business in the U.S. and Canada. By establishing successful brands and platforms across strategic market verticals with a focus on big data aggregation, eCann customers contribute to network effects within the ecosystem of partner companies.
eCann Media CEO. 16 years developing marketplace platforms. Industry agnostic expertise leading creation of brands and go-to-market strategies. Marketing Innovator.
EDDIE MILLER / CHEX Chairman & Chief Sales Officer
eCann Media CTO. Salesforce Super Admin. Dreamforce conference presenter on Big Data strategy. Managed 25+ marketplace platforms with Eddie.
BORIS TSIBELMAN / CHEX Technical Advisor
eCann Media Founder. 13 years in California Cannabis industry. Co-founder of strategic business advisory and trading companies. Sales & Marketing Executive.
LAWRENCE MICHELSON / CHEX Strategic Advisor
eCann Media CCO. Creative trajectory lead. Oversees design and branding for portfolio of digital enterprises. Develops and optimizes business process workflows.
DAVID OSORNO / CHEX Creative Advisor

Frequently Asked Questions
Blockchain tokens de-mystified and CHEX approach.

You will receive your CHEX Tokens immediately if paying with an ERC20 wallet. All other payment methods will be on a delayed distribution schedule.
Wallet services that give you access to loading token contracts within the wallet software are ERC20 compliant. Examples of such are MyEtherWallet, Mist, Parity, & Ethereum Wallet.

DO NOT USE: Ethereum addresses that you obtain from exchanges such as Coinbase or Poloniex. Your tokens will be lost if you do not use an ERC20 compliant wallet.
Contract address: 0xD566Fa4a696EAc66f749f7fe999D6673fEe2026c
Token name: CHEX Token
Token symbol: CHX
Decimals: 18
ENS: thechex
We chose the Cannabis industry as our first Proof of Concept in part because of the infancy associated with the regulatory environment surrounding it. This gave us, as a technology team, a fresh opportunity to innovate over established processes and inefficiencies that are common in other industries. We spent over two years inventing technological solutions for all cannabis, hemp and general commodity and product exchange use cases. Furthermore, as a nascent industry and fastest growing globally, Cannabis is a good entry point due to lower barriers than other commodity exchange sectors, and provides a chance to solve real issues for the betterment of industry stakeholders. Banking, price discovery and quality control (see Business Plan) are the big initial problems prevalent across a disparately evolving global Cannabis industry with regionally fragmented business rules and regulations. Part of the reason for price discovery and quality control issues and inconsistencies is due to the fact that cannabis is the most unique and nuanced commodity in the world. This poses a major challenge and opportunity for an exchange to influence sensible trade standards. Our goal is to use our experience and Proof of Concept in the Cannabis industry as a launching point to improving commodity and asset exchange frameworks in other business sectors.
Yes, but only after the Token Sale has concluded (plus one day.)
We are earning revenue that will be used in similar ways that other corporations utilize revenue.

If you are interested in The CHEX, Inc. as an investor, please see our Business Plan which contains Use of Funds documentation. Investors have alternative avenues. The Token Sale is not the avenue for investor speculation.
No, the entire token supply will be allocated to the crowdsale and therefore publicly available. No internal or external parties will be allocated tokens outside of the crowdsale purchase portal.
The CHEX Token integration is already live. Our exchange and storefront software has been in beta since Q2 2017 and includes CHEX Token integration. This allows for several use cases including a medium of exchange, direct order settlement, contact list transfers, and external wallet deposits and withdrawals.
When the SEC reported on certain token type sales that can be classified as unregistered securities, we took note. We revisited our legal counsel and restructured everything in our offering from the bottom up. We feel the result is a wonderful gift to the crypto community, and we are much happier with the end product due to following the regulatory guidance of the Securities & Exchange Commission. And we think you will be happy with it as well!
Yes, we have extensive measures in place to be fully compliant with all state and federal law enforcement. Prospective regional partnerships with compliant cannabis banks and companies that help them open/monitor accounts, such as Tokken and KIND Financial, will provide legal value transfer capability (fiat, crypto, CHX) when both counterparties on a CHEX transaction have a bank account. Until then, online transactions in this Pillar are facilitated only up to the order agreement, invoicing and delivery stages, but financial settlement still happens in cash offline. For other currently insurmountable legal hurdles, we are avoiding rollout of certain technologies. In the meantime, while the industry legally matures, we have built and continue to build out all the technological architecture in preparation for when the regulated restraints are lifted and have begun successfully onboarding users. This way, we are firmly positioned for rapid adoption on Day Zero of national and international legal cannabis markets.

MEDIA AFFILIATES

Media outlets who have worked directly with our CHEX team and share mutual enthusiasm for the cryptocurrency space.

Stay informed on when to participate.

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