Jibbit – еhe first Blockchain-Project in the Cannabis Industry

The industry of cannabis has been developing rapidly and has considerable potential for growth. This is due to the fact that it was legalized in the USA, and it is planned to grant permission for trade in Canada in 2018. The demand for this product also generates a proposal for accessories associated with it.

Some countries are more conservative in this issue and legalized only medical hemp (for example, Germany). But there is also a negative point - the number of counterfeit recipes for obtaining this psychoactive substance is increasing. The Jibbit project intends to use the blockchain technology to create a universal service that will unite sellers, buyers, and doctors to meet everyone's needs when using legalized cannabis.

Description of the Platform
Jibbit is a platform consisting of three main components:
• A platform for trade in accessories – Jibbit Marketplace;
• cannabis delivery service – Jibbit Runner;
• medical platform – Jibbit Doc.

Jibbit Marketplace
The use of the blockchain technology will allow trading transparently, anonymously, and completely safe for all parties involved in the transaction. In addition, it will reduce the transaction costs and simplify the acquisition process.

In order to make the Jibbit token more attractive, the company offers discounts for the purchase of the products and special promotions. The sellers also have the ability to integrate their entire assortment on the platform in just a few clicks for free. Jibbit plans to take a small commission from the sales and has already signed contracts for the listing of products with many companies. Therefore, it is expected that the test version of the trading platform will be able to please a wide range.

Another advantage of this solution is that now many companies make fake reviews of their products in order to persuade buyers to purchase certain products. In the Jibbit ecosystem, this is impossible because only the customer who made the purchase on the site and this is confirmed by the data from the blockchain can write a review.

Jibbit Runner
It is planned to create a cannabis delivery service as convenient and fast as pizza delivery. You can pay for the goods in the online store or using a mobile application using JIB, Bitcoin, Ethereum, Litecoin, Monero or US dollars.

At the moment, the team is negotiating with some delivery services in the USA. Jibbit is going to test this part of the project in 2018.

Jibbit Doc
It is a development interface, capable of uniting patients, doctors, and pharmacies. The doctor issues a prescription, which is then recorded in the blockchain. The patient goes to the pharmacy where he can purchase the goods using the QR code or the JibbitDoc card (the purchase fact is also entered in the blockchain). After that, the recipe cannot be reused without a doctor's confirmation. This scheme should remove the fraud associated with the forgery of the recipe, as the blockchain does not provide for changes to the existing chain. Using Jibbit Doc provides a small fee, but the verification of doctors is free of charge.

In the future, it is planned to create a virtual office, where doctors and patients will be able to discuss all sensitive issues at a predetermined time, as well as receive an online application for the purchase of cannabis. Now such a system is being tested in Germany.

ICO Details
The name of the system's token is JIB (built on the basis of the Etherium and supports the ERC-20 standard). It is planned to produce 700 million units, 420 million will be available for sale. The minimum collection threshold is 1 million US dollars.

You can buy JIB in several ways:

• BiBitcoin;
• Ethereum;
• Litecoin;
• bank transfer;
• Sofortüberweisung (SOFORT).

The minimum payment is 100 USD, and tokens will be credited immediately after receipt and verification of payment.

The sale of JIB is divided into several phases, which are described in detail in the table below:

The distribution of tokens is planned as follows:

• 10% – Private Sale;
• 10% – Pre Sale;
• 10% – The first phase of the Crowdsale;
• 10% – The second phase of the Crowdsale;
• 10% – The third phase of the Crowdsale;
• 10% – The fourth phase of the Crowdsale;
• 5% – Bounty and Airdrop;
• 20% – expenses for marketing campaign and legalization;
• 10% – team and consultants reward;
• 5% – reserve. Tokens that will be blocked within one year.

The funds received during the ICO will be spent on:

In order to prevent fraud, as well as the participation of minors and citizens of the US, Canada, China (according to the terms of the project, the residents of these countries do not have the right to participate in the purchase of tokens) in the ICO, it is necessary to pass the KYC procedure. The volume of requirements depends on the amount invested and is detailed in the table:

Conclusions
The company's goal is to win market share in the USA and Canada, to become the first in the developing European market. To increase the cost of the token, several measures are envisaged:
• users will be able to win prizes for payment of goods in the system tokens;
• to increase the turnover, only JIBs will be accepted as payment in the future;
• 10% of the commission paid by the sellers, and 5% of the annual profit will be transferred to a special account, and then destroyed.
In total, it is planned to reduce the number of JIBs from 700 million to 100 million, which should affect their cost.

Website: https://jibbit.io/
TG: https://t.me/jibbitico/
TW: https://twitter.com/jibbitico/
Author on BCT: Melnikof https://bitcointalk.org/index.php?action=profile;u=1152502