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CWEX – Crypto wine exchange, future of decentralized fine wine trading

CWEX – Crypto wine exchange, future of decentralized fine wine trading
Friday 22 February 2019

 Collectible wine is one of the most popular investment assets on the market, while second only to collectible and vintage cars. Every year the cost of collection wines increases on average from 10 to 25 percent, depending on the product variety and harvest. So, last year the cost of collection wines in the world increased by 24 percent. Given this trend, it is safe to say that this asset is an ideal product for long-term investments, the duration of which is from 5 to 10 years.
Despite the annual growth of this market and its popularization, access to it by cryptocurrency owners is limited due to such negative features as:
  • large fees;
  • the lack of appropriate venues;
  • using an inconvenient interface.
To solve all the above problems and provide the opportunity to purchase quality wine using the digital currency will allow a new platform under the CWEX.

Project objective

The developers intend to provide the owners of the virtual currency with the opportunity to invest their own funds in tangible assets with a low level of risk, as well as to create conditions for the entry of small wine traders into the rapidly growing virtual currency market.

Principle of operation

The CWEX platform will unite owners of virtual currencies with the wine market, while simplifying not only the process of trading itself, but also the process of storing goods. Two companies will be responsible for the operation of this site: DotChain GmbH and CWEX from Hong Kong. The first will verify the authenticity of each bottle of wine and record data about it in the Blockchain, and the second will provide an opportunity to trade this wine. During the registration process, traders must insure all goods against natural disasters and fraud, as well as provide evidence of the proper quality of wine storage. Due to this, only high-quality collection wine will be sold at the CWEX site, which is protected from the risks of loss of investment.

It is important to note that each bottle of wine will have its own certificate. The buyer will be able to purchase a certificate of ownership for a particular bottle of wine, after which the purchase data will be entered into the Blockchain. If necessary, each user may resell the certificate belonging to him / her in the same way as assets are sold on exchanges, or keep it for the purpose of increasing the market value as an investment. It is worth noting that if desired, each owner of the certificate can order the delivery of the bottle directly to his home for an additional fee.
Due to the fact that absolutely all operations carried out by the owners of cryptocurrencies and wine traders will be entered into the Blockchain, each participant of the network will be able to be confident in the honesty of operations. Moreover, each member of the network will be able to monitor the movement of the product. In addition, this technology allows to ensure anonymity and protection of personal data of each participant of the platform.

The purchase of wines will be carried out exclusively with the help of virtual currencies. It should be noted that the use of a local token CWEX will reduce the amount of Commission for the operation by 50 percent. It will be possible to buy this coin during the ICO or on the internal exchanger of the platform after its launch.

Dates and details of the ICO

The creators of CWEX intend to sell 55.18 million coins. Pre-sale of tokens will be held in the period from December 15 this year to January 9, 2019. The public sale will be held from January 10 to March 21, 2019.
During the pre-sales price of the 1st CWEX will be 0.16 dollars, during the public-0.20 dollars. The minimum purchase amount is $ 50.
Softcap project - $ 1 million, hardcap - $ 10 million.
The distribution of tokens and funds is as follows:

Conclusion

Creating a platform that allows you to use the virtual currency for the purchase of high-quality or collectible wine is quite interesting. Investing in CWEX is worthy of attention for several reasons. First of all, the company from Switzerland takes part in the creation of the site, which indicates the integrity of the developers. The second thing to note is that this project is the only one in this area, which allows it to reach the maximum audience. The third is the value of wine, which increases every year, allowing you to use this product as a short-term and long-term investment.

Official resources of the CWEX project:


AUTHORSHIP:
GPScrypto

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