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#Business to Business, #Healthcare All projects

Conventment: Cannabis Logistics Powered By Ethereum

We're building the world's largest IoT-based logistics platform for the legal cannabis industry.

stage Ended crowdsale

2.6 Rating

by 6 users


    • Employees12



    Bruce Garcia

    CEO & Head of Platform Development

    Linda Hopkins

    Outreach Marketing Coordinator

    Jorge Santos

    Compliance Specialist & Consultant

    Michael Palmer

    Lead Full Stack & Ethereum Developer

    +7 Internal Developers


    man Omar Vitello

    Logistics Technology Specialist & Financial Advisor

    Advisor for Conventment - Bringing Cannabis Logistics to the Blockchain

    Crowdsale details

    Distribution of tokens
    • Crowdsale (80%)
    • Development & Outreach Expenses (5%)
    • Conventment Reserve (7%)
    • Bounty (5%)
    • Team & Advisors (3%)
    Details Indicators
    Token Symbol CNVT
    Full Token Name CNVT token
    Pre-crowdsale Start August 30th, 00:00 GMT+03:00
    Pre-crowdsale End September 6th, 00:00 GMT+03:00
    Crowdsale Start September 30th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or October 10th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 47000 ETH
    Crowdsale Soft Cap Yes, 9200 ETH
    Domain owner Individual

    Cost of the token

    1 token for 0.0025 eth

    Price without discounts


    In the week of the private sale, participants can obtain each CNVT token at 0.001 ETH with 5,000,000 tokens available. During the period of the public sale starting in September, participants can obtain tokens at a starting rate of 0.0025 ETH where the price will increase by 0.0001 ETH as each day passes. The TGE will end immediately once 45% of the Hard Cap is obtained.

    Accepted currency

    • Ethereum

    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    Jordan Semanda August 24, 2018
    Rating of project


    The CEO of the project is directly involved therefor more seriousness can be associated to the team which will build trust amongst those willing to put up a risk in the project. The road map has a short time to be carried out and this makes it susceptible that it will contribute to the high profit and low cost of the system implementation.

    Risks and disadvantages

    No advisors have been introduced to this project this is so evident because they haven't been outlined in the description in addition to this grave fouls nothing is known about the team and the seven international investors that have been mentioned above this will create unrest and confusion within the circles of those that have enthusiasm for this project its this uncertainty that will cost the team the success of the project.


    The cannabis industry is growing continuously in several markets and this will be of great advantage to its sustainability because this is a legal way of distribution and keeping track of distribution which can later be used in the enhancement of the market through research.

    William Anderson August 20, 2018
    Rating of project


    This will help in proper and transparent distribution of cannabis with less crime involved and to destinations where its acceptable. The team has diverse expirence in the various necessary fields.

    Risks and disadvantages

    Projects using only one currency are not good for business and invested because they are at high risk of loss, the token will have limited value and any detoriatiin from the used digital currency will bring a direct effect to the CNVT token. One advisor will not be efficient because the project needs people with diverse experience. Cannabis is not legal in many countries and thus limits the possible market.


    Thus project shall be very productive and reliable for one looking into the longterm investment which is much beneficial because the two industries involved digital currency and cannabis have growing markets and will sprout out in the near future.

    James Young August 20, 2018
    Rating of project


    Honestly, I like the concept of the project along with the plan but that's all that I can say so far considering the available information.

    Risks and disadvantages

    Based on the roadmap provided, there should be a white paper released which is specified on the website, however, the file is broken which produce a quite odd impression. The Team members are quite condensed and I would encourage the Management to disclose the information about developers. I am also concerned about the single advisor.


    Overall, a good project with a lack of the information though. A lot of areas need to be explained considering the ambitions of the Team.

    Anne Bryn August 19, 2018
    Rating of project


    Using such a platform would be convenient for manufacturers, grow centers and other participants.

    Risks and disadvantages

    I think investors would like to see some agreements with manufacturers and other participants. Information about budget allocation is important and should be presented.


    The startup definitely needs a good presentation. I think investors just wouldn't devote enough time to studying a project which doesn't catch their interest since the very beginning.

    Sofia Medda August 17, 2018
    Rating of project


    The total supply of CNVT tokens is limited. Burn function is designed to remove small percentage of tokens from the circulation, increasing the value of CNVT. Reserve fund will be locked for 2 years.

    Risks and disadvantages

    There is no information about founders. As far as I can see tokens which belong to the team are not frozen.


    It seems that the project emphasizes that it operates within the legal cannabis industry. According to the Whitepaper the goal is to create a platform connecting businesses within the industry and not to produce or sell the product. Still, I think it should be clarified if there is a risk related to legislative limitations.

    Denys Serhiichuk August 10, 2018
    Rating of project


    Only 7 % of all tokens are kept for the reserve. The fraction is little, which is good, as token price could be easily manipulated by the founders, when it enters the market.

    Risks and disadvantages

    Team consists just of few people and 1 advisor. Nothing mentioned about partners and no alpha version is available. Roadmap has limited information about steps of platform development. Analyzing marketing, there are only 4 social networks, where people can get information about the project. That is not enough.


    I doubt whether the project succeeds, as canabis is illegal in most countries. Authorities just won't let it function. Overall, I do not recommend Conventment for investments.

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