Earlier today, Gold Coast Mining Corporation updated shareholders on the beta testing of their marijuana social media website, MJ-Xchange.com. The company will also be holding a webinar to showcase the website and it’s capabilities.
GDSM announced that the beta testing of MJ-Xchance.com has been going extremely well. Unlike the most recent MMJ website releases, MJ-Xchange has been privately beta-tested by volunteer shareholders. The company has increased the attractiveness and offerings of the website by responding to suggestions and feedback from these testers.
On April 29th, the website will be launched to the public; and at 1:00 pm EST that day, the company will host a webinar demonstrating the website. To register for access to the webinar, click here.
In creating and testing the website, GDSM found that major ad providers (AdSense, etc.) will not provide ads for websites in the marijuana industry. To combat the hurdle, the company has contacted potential advertisers to place ads on the site. The company is also working to fill this void of advertisements in the sector. GDSM is developing its own software platform that will be used on a fee basis by any and all the participants in the marijuana industry. The Company views this product offering as potential source of significant revenue, as well as enhancing its visibility in the industry. – Marketwired
Gold Coast has also filed to trademark it’s new brand, which will be used to sell apparel and accessories on MJ-Xchange.
What does this mean for GDSM? My opinion of MMJ websites has grown and changed while following UTRM and HEMP.
First: Initial launch date of UTRM
Although these disappointing releases have dampened my position on MMJ websites, GDSM has approached their website in a different manner. Gold Coast has used a private beta of shareholders, provided weekly updates and have become “more robust in its offerings and attractiveness than originally envisioned” by listening to the feedback of testers. Following the bust of UTRM and HEMP attempts, I am definitely not all-in on GDSM. However, this update, including the public webinar to educate users, has drawn my intrigue and increased trust. I will be closely following MJ-Xchange.com launch, and more updates will follow the 4/29 release.
Rosenberg (OTC Daily)
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