Collectible wine is considered as a most popular and desirable investment asset in the world after cars. Due to the very low risk and stable market, the price of collectible wine is increasing every year. In the recent years wine investors saw 10 to 20 percent increase annually. According to a report the collectible wine investment has got first rank in the annual asset class performance with 24 percent increase. That's why it is considered as a most stable and low risk investment for long term duration of 5 to 10 years.
Even though the fine wine market is increasing globally, it has many fundamental shortcomings which needs to be solved. The problems are:
• lack of perfect platform for wine trade;
• large transaction fees;
• non user-friendly interface;
• lack of authenticity products;
But now thanks to CWEX platform which is committed to solve the above problems. Let's discuss this unique project in this article.
Project objective
The main aim of the project is to create a blockchain powered perfect wine trading platform which allows cryptocurrency owners to invest into low risk collectible wine, without any complications. This allows cryptocurrency owners to diversify their funds into most stable assets with authenticity.
Principle of operation
In order to create a perfect wine trading platform, the Crypto wine exchange (CWEX) focuses on trading and storing of collectible wine products. In order to achieve this the DotChain GmbH from Switzerland and crypto wine exchange of Hong Kong (CWEX) are partnered together. The first company DotChain acts as a controlling authority; it is responsible for verification of wine bottles, storage, partner auditing and distribution. All this information, along with ownership certificate is stored on blockchain. Here all the merchants have to insure their wine products against disasters and have to provide the wine quality details such as label, storage temperature etc. This ensures that all the wine products on the platform are of high quality.
The second company CWEX provides wine trading platform. It is worth noting that every wine bottle is issued with unique certificates. These certificates are used to trade on the exchange platform. It is similar to asset trading on exchanges. Sellers also can keep certificates on the exchange itself to increase the market value of the investment. And if the buyer requests the wine bottle to his location then it is delivered securely and safely.
The CWEX platform provides an best opportunity for crypto owners to enter into fine wine market. Thus the blockchain implementation increases the trust and transparency in every operation on the platform. The user interface of CWEX is simple and user-friendly and this attracts more investors to easily enter into wine market. CWEX provides a global exposer to wine sellers.
The exchange platform uses CWEX tokens for buying and selling operations. Thus the use of crypto tokens will significantly reduce the commission fees by 50 percent. These tokens can be purchased during ICO.
Advantages of investing in fine wine:
• Safest and stable investment for long terms with very low risk
• Within couple of years investors will get huge returns
• History has proven that fine wine has outperformed other assets
• There is a growing demand for fine wine in the global markets
ICO details and timelines
• Token ticker: CWEX
• Tokens for sale: 55.18 million
• Token prices: in presale ($0.16), in public sale ($0.20)
• Softcap: $1 million
• Hardcap: $10 million
• Pre sale dates: December 15, 2018 to January 9, 2019
• Public sale: January 10, 2019 to March 21, 2019
• Minimum investment: $50
Token distribution
Conclusion
There is no doubt that CWEX is here to revolutionize the wine trading market. It allows cryptocurrency owners to invest into most stable and low risk investment asset; collectible wine. And history has proven that fine wine investment is better than any other asset class. The DotChain and CWEX together helps to transform the wine trading market. And it also allows the Crypto asset holders to diversify their portfolios into low risk asset.
Learn more about CWEX platform:
Website: https://cwinex.io
Read Whitepaper: https://cwinex.io/CWEX-Whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5042350.0
Telegram: https://t.me/cwexio
Facebook: https://www.facebook.com/cwexio
Twitter: https://twitter.com/CwexWine
Medium: https://medium.com/cwex-io
LinkedIn: https://www.linkedin.com/company/cwexio/
Slack: https://cwinex.slack.com
YouTube: https://www.youtube.com/channel/UCUkMDWz4Qzdhlb-9zsgaPTA
GitHub: https://github.com/CWINEX/CWEX
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
