Commodity & Holdings Exchange (CHEX) - Currently powering Cannabis industry - Token Sale opens Aug 24

https://tokensale.thechex.com/

OVERVIEW

Trading within individual commodity and B2B product industries carries its own idiosyncratic business processes. Individual players within a specific industry also have their own idiosyncratic processes. The already developed CHEX premium platform provides a robust range of tools and feature sets to customize an individual business wholesale storefront or private exchange, and also meet an entire industry’s requirements for a public exchange through process modularity.

We’ve built a robust set of modules that each contain a generic process and designed all features to be industry agnostic, so as to repurpose and further customize between industry platforms. Examples of B2B modules include product bundling, lot specifications, listing price types, order communication channels, order negotiation, settlement, logistics tracking, social and business networking, user ratings, affiliate platform trees, and compliance verification. CHEX Process Modules can be swapped and linked in adaptive ways to expediently onboard a new industry platform and provide all necessary features for a smooth user experience. Piecing these modules together can be wired to solve all idiosyncratic needs of each hard, soft and digital asset sector to optimize B2B exchange as well as to launch other marketplace types (B2C, C2C or P2P, C2B).

The underlying blockchain layer integrates CHEX Token (CHX) into individual exchange platforms to establish (1) a common transaction medium for asset exchange between parties and (2) a distributed, immutable ledger record of verifiable asset holdings and physical inventory tracking.

Furthermore, the CHEX Token model is an economic innovation for buyers and seller to transact more favorably versus established exchange networks, via the gamified CHX Rewards Program. CHEX Tokens will be rewarded to participating users who supply market activity and useful content that boosts an industry’s platform ecosystem via the network effect. Since CHEX Token units serve as a transaction medium on these platforms, the value of rewarded tokens provides a subsidy to all transactions, thereby discounting market buyers and ensuring sellers settle at top market price. This model also merges previously unlinked market makers. Individual broker accounts who may navigate between industries can also earn by affiliating with active market orders to help connect buyers and sellers and facilitate transactions.

The superstructure that CHEX in­tends to create is a unification of isolated industry sectors on a common, blockchain-secured platform. The CHEX ecosystem will power various industry Pillars, which will be customized according to their unique needs and regulations in collaboration with Industry Ambassadors. The CHEX Token Layer will serve to bind all independent industry exchanges onto the same governing blockchain. Our goal is to scale the CHEX modular platform, blockchain and emerging technologies to upgrade commodity and asset exchange markets by making them more efficient, automated and trustless.

The first Proof of Concept rollout of the CHEX technology is the fully developed and beta launched Cannabis Hemp Exchange (CHEX) platform www.TheChex.com. Here is the Business Plan.

WHY CANNABIS

We chose the fastest growing Cannabis industry back in 2014 due to the infancy associated with its regulatory environment. This gave us, as a technology team, a fresh opportunity to innovate over established processes and inefficiencies common in other industries. We spent almost three years inventing technological solutions for all cannabis, hemp and general commodity and product exchange use cases.

Furthermore, as a nascent industry, Cannabis has lower barriers to entry and provides the opportunity to develop sensible trade standards for the most unique and nuanced commodity in the world. This gives us a chance to improve market price discovery, quality control, and commerce given the industry’s banking problem via collaboration with established partners. We aim to secure a Proof of Concept in the Cannabis industry as a springboard to power other asset exchange sectors.

REGULATORY COMPLIANCE

Cannabis industry specific regulatory compliance modules are installed, which only allow verified licensed users in regulated markets to engage in active commerce. Usage of all CHEX cannabis platforms is geo-fenced for intrastate commerce only where required by law. The legality of these regional industries is strictly within the confines of U.S. States’ rights. The U.S. government has defunded federal agency enforcement and States now benefit from regulatory guidelines for legal intrastate cannabis commerce. The CHEX does not touch the plant and simply facilitates B2B connections between licensed parties via software that is fully compliant with all targeted regional regulation.

Regarding cannabis trade and online payments, we have extensive compliance measures in place for state and federal law enforcement. Prospective partnerships with compliant regional cannabis banks along with companies that service customer acquisition and account management for them, such as Tokken and KIND Financial, will provide online legal value transfer ability (fiat, crypto, CHX) when counterparties on a CHEX transaction have a bank account. Until then, online transactions are facilitated only up to the order agreement, invoicing and delivery stages, but financial settlement happens offline in cash.

For any 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 all of the necessary technological architecture in preparation for when regulatory restraints are lifted, and have begun to successfully onboard licensed users. This way, we are firmly positioned for rapid adoption on Day Zero of national and international legal cannabis markets.

TARGET INDUSTRIES AND USERS

1. HARD COMMODITY ASSETS – Metals (Precious, Industrial), Energy, Petroleum

2. SOFT COMMODITY ASSETS – Agricultural (Grains, Softs), Cannabis, Industrial Hemp, Renewable Energy

3. DIGITAL ASSETS – Cryptocurrencies, Business Leads (Commercial Mortgage, Merchant Cash Advance, Business Loans, etc), Gaming (MMO Gold, Steam Keys), Music, Art, etc

4. USERS (B2B) – Producers, Processors, Wholesalers, Distributors, Retailers, Brokers, Double Brokers, Ancillary Services, Market Analysts and Speculators, Regulators

TOKEN SALE SPECIFICATIONS

The CHEX Token (CHX) sale opened August 25, 2017 @ 11:20PM UTC. All tokens are publicly available through the purchase page on https://tokensale.thechex.com until the entire 1 Billion supply is depleted. CHEX Tokens are discounted for early adopters until October 24, 2017 with a gradual price increase each day. CHEX supporters and users may purchase the utility token with Ether (ETH), Bitcoin, Altcoins and USD. No internal 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.

Thank you,

The CHEX, Inc.
Core Development Team
[email protected]