düber Technologies Inc., a software-as-a-service (SaaS) provider for the cannabis industry has announced its Initial Coin Offering (ICO) with a presale to start Oct 11th. The ICO will use a SAFT (Simple Agreement for Future Tokens) structure under Rule 506(c) of Regulation D of Section 4(a)2 of the U.S. Securities Act, which accredits token buyers as investors.
The company provides integrated retailer and supply chain solutions including online ordering, supply chain management, retail automation and advertising and has a healthy track record of growing sales for cannabis retailers.
Coming off the heels of a traditional $50M funding round for 15 new distribution centers, Duber, an already operating Cannatech SaaS innovator, with 25 employees and 16 developers, is preparing to launch their SAFT framework ICO.
The düber token (DBR) aims to incentivize and improve information exchange in the cannabis community, including consumers, retailers, labs, processors and growers. Examples are rewarding community members for providing product information and photos, submitting product reviews, participation in loyalty programs and interaction with advertising and other communication channels.
Blockchain technology will measure and allocate growth in economic surplus throughout the supply chain as a result of increased information exchange across all network participants. The DBR is an Ethereum (ETH) blockchain cryptocurrency that can be used within the network to pay for goods and services provided by licensed cannabis businesses.
“At düber, we believe that we have the unique opportunity to transform the cannabis industry through incentivizing the creation and sharing of information, which benefits all patients, consumers and businesses. We have chosen the SAFT ICO structure, and combined it with a broad-based seeding program to enable a wide distribution of the tokens to members of the cannabis community.”
“We began implementing düber’s technology in 2016 and have seen sales and order sizes increase as customers order online, use self-serve systems located in the store and respond to product advertising/. believe in the vision düber has for the future of the industry and appreciate how its technology allows us to deliver a superior customer experience.”