FAQ
Here are some frequently asked questions (FAQs) about the SOLOS platform:
What is SOLOS, and how does it work?
SOLOS is a cutting-edge cashless payment system designed specifically for the cannabis industry. It utilizes blockchain technology to facilitate secure and transparent cash alternatives transactions. Buyers purchase authorization codes to mint MARS tokens, which can then be used for seamless transactions within the SOLOS ecosystem.
Is SOLOS legal for cannabis transactions?
Yes, SOLOS is explicitly legal for cannabis sales transactions both in the United States and globally. It is backed by a cannabis legislative bill passed by the sovereign of Saipan, making it a legally recognized virtual currency for cannabis commerce.
Can I use credit and debit cards with SOLOS?
Yes, SOLOS offers the convenience of accepting credit and debit cards, providing users with flexible payment options for their transactions within the platform
How can I become an affiliate referrer for SOLOS?
To become an affiliate referrer, simply sign up for our referral program on the SOLOS website. Start referring customers to the platform, and you'll receive passive commission rewards for each successful referral.
What are the benefits of self-minting MARS tokens on SOLOS?
Self-minting MARS tokens empowers users with full control over their digital currency holdings. This feature allows users to manage their transactions independently and efficiently
Are payouts to B2B vendors seamless with SOLOS?
Absolutely! SOLOS offers a streamlined solution for B2B payouts in the cannabis production supply chain. Through blockchain transactions, vendors can receive timely and secure payments, enhancing efficiency and trust in the supply chain
Is my financial information secure on the SOLOS platform?
Yes, your financial information is highly secure on the SOLOS platform. It utilizes advanced blockchain technology to ensure secure and tamper-proof transactions, protecting your data from potential threats.
What payout options are available for converting MARS tokens?
What payout options are available for converting MARS tokens?**
- SOLOS provides recipients with various payout methods, including USDT, PayPal, wire/ACH, and more to be introduced in the future. You can choose the most suitable method for converting MARS tokens into fiat currency
How does SOLOS ensure compliance with the cannabis industry's regulations?
SOLOS is specifically tailored for the cannabis industry, addressing the unique regulatory challenges it faces. The platform is designed to comply with industry-specific regulations, offering a trustworthy and compliant payment solution
Can I use SOLOS for cross-border cannabis transactions?
Yes, with its legal standing and global accessibility, SOLOS facilitates cross-border cannabis transactions. This opens up opportunities for businesses to expand their market presence and clientele beyond national borders
Is SOLOS legal federally in the United States, and how does it affect my cannabis merchant license in my state?
SOLOS operates within a unique legal framework that allows for cannabis sales transactions both in the United States and globally. The MARS virtual currency is legally recognized through Saipan's cannabis legislative bill, providing a secure environment for cannabis-related commerce. As for your cannabis merchant license, SOLOS offers a compliant payment solution specifically tailored for the cannabis industry, ensuring your transactions adhere to state regulations and licensing requirements. It is essential to consult with legal experts and relevant authorities to ensure full compliance with your state's specific guidelines when utilizing SOLOS for your cannabis business.
Has this system been tested?
Yes, absolutely! SOLOS has undergone rigorous testing. The technology has been successfully utilized in cannabis retailers for over a year in Saipan, where the pilot program demonstrated its efficiency and reliability. The positive results from the pilot program were instrumental in the proposal and subsequent passing of the legislative bill, solidifying the platform's legality and trustworthiness