SMOKE Network – Changing the Digital Cannabis Industry


An illustration showing how the SMOKE Network can reward users with cryptocurrency for posting cannabis-related content.

The SMOKE Network specifically addresses the social networking goals of the cannabis society. It pays users in cryptocurrencies to generate and publish excellent quality content like photographs, essays, reviews of dispensaries, and cannabis strains, among others. Members earn a cryptocurrency called SMOKE.

Businesses and entrepreneurs retailing or distributing medical, as well as recreational cannabis, still have federal regulations prohibiting them from using banking institutions for their operations. To fill the gap in this industry, the invention and use of cannabis-specific virtual currencies has accelerated.

Crypto facilitates transactions in the cannabis industry only for people looking to acquire cannabis products, much easier. While Bitcoin is the most prominent virtual currency, many other cryptocurrencies cater primarily to the cannabis industry.

SMOKE Network Advantage

The SMOKE cryptocurrency differs from previous cannabis coins in that it does not serve as a measure of value or a means of transmitting money.

It is a utility token that grants network connectivity and serves as the foundation for the SMOKE network blockchain. It powers key features like content incentives for great cannabis content and voting rights.

SMOKE has no central authority in charge of the network. No one has the power to change the policies of the platform or prevent users from using it. Instead, all participants and currency holders operate the platform in a distributed manner. This allows all individuals to work together to expand the network, rewarding the members who bring the most value.

SMOKE combines world-class networking sites with the potential to earn credits from content. This is new to the cannabis industry worldwide.

Tokenomics

Rather than miners, as in Bitcoin, the SMOKE network has witnesses and evidence of consensus on what is at stake in this approach. Every day, the network adds additional rewards to an incentive pool. This is then distributed as follows: 75% belongs to the network’s incentive pool, 15% goes to smoke coin investors and 10% belongs to miners. Users also need to top up their currencies to vote on where the daily incentives go and who should be the producers on the network.

DApp (Decentralized App) features the ability to explore, vote and receive payments for activities on the platform in the online wallet.

Smoke.io seems like a conventional portal, but it’s basically a DApp that runs on blockchain. Developers can create their DApps for free that run on the SMOKE network blockchain.

SMOKE Network features include a simplified user registration page; a personalized webpage feed that can be sorted by content type, a discovery page to locate and compile new content, a portfolio page to manage collected SMOKEs and process deposits, withdrawals, a personal page to view and edit profile details and a settings page to customize your expertise on the SMOKE network.

An illustration showing the use of the SMOKE network to acquire cannabis products much more easily.

Use case

Promotion of cannabis brands

Cannabis companies that want to advertise their products can naturally take advantage of the SMOKE network.

The SMOKE Network does not directly serve advertisements. However, cannabis brands such as seed banks, pharmacies and manufacturers of smoking accessories will naturally find it beneficial to participate in the network to build a clientele for their products without the threat of censorship.

Symbolic investments

These are people who buy SMOKE in hopes that the network will expand to the level where they can sell their SMOKE tokens to other users. These people receive rewards for leveraging their right to vote to create high-quality material, encouraging them to participate and stay active. This increases the amount of SMOKE in each participant’s pool while encouraging the growth of the SMOKE network as a whole.

Content curation

These are individuals who wish to contribute high quality material to a network that will compensate them. Notable cannabis-related material includes photos, product reviews, grow diaries, dispensary ratings, detailed editorial guidelines, videos, and other content.

Contribution to content

The SMOKE network is available to all users, and new users receive a modest amount of SMOKE to use on the platform. This allows platform users who are proficient content creators to instantly start producing high-quality material for the cannabis company and earn incentives. Anti-spam mechanisms also ensure equal treatment of frequent contributions to large SMOKE carriers who may attempt to influence the network.

Feature development

The SMOKE network is always looking for qualified developers to expand and improve the network and is always looking for new applications to integrate into the network. Community developers can join the SMOKE network bounty program to receive SMOKE for creating new scheduled features or creating their unique apps or features. The availability of different apps and technologies helps provide greater purpose to the entire cannabis community.

Capital contributions

Those who buy SMOKE on commercial platforms will contribute to network revenue. The capital is given to the SMOKE network group in exchange for a share in the platform and the right to use any operating software available. The value of SMOKE tokens is based on invested capital, which is a crucial part of a growing economy.

Functional Aspects of Smoke

Starting node

The network uses seed nodes to find active connections. Another new node that wishes to join the network can connect to these nodes. In other words, users can only use seed nodes to search or locate full nodes running the SMOKE client. It’s like an address that tells other nodes where to go to join the network. This involves SMOKE structuring its system so that it is simple for new nodes to join the SMOKE network.

PaaS model

The SMOKE Network has a PaaS option that works with Amazon’s Elastic Beanstalk service. A third-party service distributes software and hardware tools to consumers over the Internet as part of the PaaS cloud computing architecture. These products are necessary for the development of applications. The software and hardware are hosted on the PaaS provider’s network.

P2p node

A peer node functions as both a full node and a witness node. If it’s dockerized, it’s probably just setting up the folders for the respective volumes. The witness node, which generates blocks, secures the blockchain.

A full node handles blockchain requests. It houses the API that allows programs to request and modify the blockchain.

Conclusion

This concept offers significant advantages over typical social media apps, which are regulated and focused on profiting the few rather than the entire network. Despite its challenges, the SMOKE Network has the power to change the digital cannabis industry through dedicated staff, advanced blockchain technology (DPoS) and a strong global society of cannabis smokers ready to embrace freedom and fundamental principles articulated by blockchain technology. .

SMOKE’s technology paves the way for a multitude of new projects that will revolutionize the world. We live in an attention-oriented environment. Therefore, it is only natural that they get paid for it. The nodes that operate on this platform quickly produce the most transactions each day. They are also the only network that fully exploits the principle on which the blockchain was created.

Due to the growth of the cannabis society and the companies that have just gotten into it, SMOKE Network might become quite famous. Not to mention that the number of distinct strains continues to increase. There will always be an opportunity for debate, criticism, as well as user participation.


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