FAQ

What is This? | What is Budbo? | How does this work?

This is a token sale to fund the build of the Budbo Blockchain.

Budbo, Inc., is creating a Global Cannabis Blockchain built to drive efficiency, transparency, and data-driven analytics into this nascent industry. Budbo will be the first-of-its-kind, fully integrated blockchain based solution that serves as the backbone for cannabis legalization, medical research, and the cannabis ecosystem as a whole. Utilizing our GPS technology to track cannabis movements from seed to sale, the blockchain allows us as a company and industry to track the entire journey from grower to consumer. Collecting a network of verified and immutable data available to the public will also standardize and regulate interactions between cannabis users, dispensaries, medical research facilities, and state & federal governments.

The data stored on our blockchain will be invaluable to every industry sector pushing data to it. From seed to sale tracking, lab testing, medical research facilities, logistics, and consumer reviews — the Budbo blockchain will be the data nerve center for the entire industry. We are opening this blockchain up to all ancillary services of the global cannabis community and network. The possibilities with this global cannabis data are endless, particularly with algorithms written to compare different data sets. The token - being a true utility token - will act as the API key to send and receive global cannabis data and valuable insight into the processes in all corners of the cannabis industry. Our global cannabis blockchain will aid in transparency, compliance and regulation for local and federal governments, helping push forward the legalization movement.

With 100,000 users quickly growing to 1 million users on the Budbo app, combined with over 2,000 dispensaries in our network, this wealth of information is publicly available to those who purchase the BUDBO Token, and becomes the foundation for the entire industry for credibility and authenticity of product.

To purchase tokens and contribute to the cannabis block chain revolution register here. For a more lengthy description please visit our White Paper.

The tokens will be able to be traded on the open exchanges at the end of the token sale just like any other utility tokens or crypto currency.

How do I purchase Tokens? | How do I participate?

Visit budbo.io and go the the purchase tab on the right hand corner of the website to register and purchase tokens. Follow the instructions. We accept the following currencies with no minimum on deposit: Bitcoin, ETH, Litcoin, Bitcoin Cash, PotCoin, Ripple.

Purchases made with USD have a required minimum of a $25K deposit.

Is there a minimum number of tokens I must buy for the crowdsale?

There is no minimum threshold for purchasing tokens.

Can I purchase marijuana with the Budbo coin? What are the tokens for?

No, you cannot purchase cannabis with the Budbo token. It is strictly a utility token that grants API access to Budbo's ledger on the blockchain.

The token being a true utility token will act as the API key to send and receive global cannabis data and insight into the processes in all sectors of the cannabis industry. Our global cannabis blockchain solution will help aid in transparency, compliance and regulation for local and federal governments, helping push forward the legalization movement. The tokens will be able to be traded on the open exchanges at the end of the token sale just like any other utility tokens or cryptocurrency. The crowdsale is scheduled to end on March 5th, or until sold out.

Can I make a deposit to purchase BUBO from a wallet on an exchange?

Yes, we accept transactions from exchanges.

Which wallet should I use to store my tokens?

Your tokens will be available at the end of our token sale. We will transfer them to you in any ERC-20 compatible wallet that you have and at that time you will be able to trade them on the exchanges just like any other utility token or cryptocurrency. For example, a wallet created on www.myetherwallet.com. We will include instructions on how to set up their wallet to accept our token in the future.

How do I transfer tokens into my wallet? | When will the tokens be available for me to trade?

An ERC-20 compatible wallet must be used. We will distribute tokens to your wallet after the sale is over. For example, a wallet created on www.myetherwallet.com. We will include instructions on how to set up your wallet to accept our token in the future. DO NOT USE WALLET ADDRESS THAT ARE HELD ON EXCHANGES (Kraken, Bittrex, Coinbase, Binance etc). If at the end of the sale BUBO token are sent to a wallet on an exchange they will be lost and unrecoverable.

Can you mine it?

No, BUBO tokens are not mineable currency.

What happens to unsold tokens?

The tokens will be taken out of distribution and burned.

How is this different than PotCoin?

Budbo is a true utility token focused on data aggregation and data management in the cannabis industry, whereas PotCoin and HempCoin are cryptocurrencies aimed at solving the banking issue for marijuana-related businesses. We have lots of synergy with PotCoin and accept them as form of payment for our token. We will be announcing a collaboration with them shortly.

Where do I see the tokens I have purchased?

Log into your account at portal.budbo.io and you can see your token balance in the dashboard section.

Can U.S. citizens participate?

Please refer to our terms of service in our White Paper regarding USA citizens participating in our token sale. We do have have citizens globally including in the U.S. that have participated in the token sale. However, we encourage all contributors to refer to our terms of service before contributing.

How can I promote the token sale?

Budbo is offering a Bounty Program in order to reward supporters who help Budbo to reach out to more people on the internet. The Program will run until the end of Token Sale. A total of 1.5% out of the total supply of about 200 Million tokens are reserved for bounty Campaign. To learn more, visit our bounty page.

Can I make money off of this?

We are conducting the token sale based on the fact that Budbo tokens do not constitute any type of an investment instrument. The Budbo tokens are designed as true digital utility tokens and are not securities. Please see our White Paper and Terms of Purchase for more information on this.

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