CWEX – The Crypto Wine Exchange
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, CWEX, a new cryptocurrency allowing wine traders and cryptocurrency holders to trade & hold fine wine on www.cwinex.com exchange in CWEX/EOS/BTC/ETH/NEO/USDT has arrived.
“Counterfeiting is a global issue and has been for many years; especially in the wine industry. But advances in technology have given counterfeiters the ability to make ever-more-convincing counterfeit goods. Fast.
Counterfeit wine not only hurts profits, but it can also do everlasting damage to a brand and put consumers in danger, especially because we can’t be sure what is inside the fake bottles.
In order to combat this issue, new solutions are constantly being developed to protect, authenticate and trace bottles leaving vineyards. The combination of various leading protection technologies provides maximum security for wines and spirits.
Those solutions can be a unique digital identification, where a NFC chip is fitted on using an encrypted and tamper-proof certificate which is readable via smartphones for instance (authentication, detection of opening and drilling). These tags adapt to the customer’s needs: behind the label, along the side of the neck, in the capsule or above the cap.”
With that being said, CWEX Exchange aims to build a wine trading platform that is easily accessible and easy to use. Supported by its partner, based in Switzerland, DotChain GmbH, guarantees anonymity and security of investment by providing a block-based ownership certificate for each bottle of wine traded on the trading platform.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is CWEX?
As depicted above and as indicated on the official website of CWEX, CWEX is a new cryptocurrency allowing wine traders and cryptocurrency holders to trade & hold fine wine on exchange in CWEX/EOS/BTC/ETH/NEO/USDT.
Fine wines are among the most profitable investment assets. Demand for investing in them is growing significantly. However, current fine wine trading platforms are complicated and have high processing fees.
The CWEX exchange aims to establish easy to access and easy to use fine wine trading platform. Backed up by its partner, DotChain GmbH based in Switzerland, it guarantees anonymity and security of investment by providing blockchain based ownership certification to each bottle of wine traded on the trading platform.
This system of trading with ownership certificates significantly lowers the current processing fees, leaving the buyer almost 80% higher value of his investment at the start.
The Benefits – WHY YOU SHOULD CHOOSE CWEX
Automated fine wine trading
CWEX provides fine wine vendors and cryptocurrency owners with the possibility to trade together for the first time in a live market environment on a truly global scale.
Smooth and easy trading
Trade with the valuable real-world asset on a global scale without hurdles of regulations and procedures.
Reliable return on investment
Invest your digital holdings in the asset, which is stable and guarantees short and long-term returns.
Anonymity and security in trading
We assure anonymity and security of investment through the system of blockchain based ownership certification.
How It Works
CWEX Trading Process
The CWEX platform makes the trading easy and available to everyone interested in investing their cryptocurrency holdings in the real-world asset (fine wine).
On the CWEX platform, only fine wine vendors that passed a strict auditing process can list their products for trading. For you as a trader, it means the security of your investment and the guarantee of the fine wine authenticity.
Your trading cycle on the platform is performed in these five simple steps:
Bid or offerAs a registered trader, you can place a bid or offer for a selected fine wine.
Trade matchedOnce your bid or offer is matched, you are notified of the successful trade.
CWEX in partnership with DotChain GmbH secures the wineCWEX in partnership with the Swiss-based company, DotChain GmbH secures the asset, meets all the compliance requirements and insures your asset.
Blockchain-based ownership certification is transferred to the buyerYou receive the blockchain-based ownership certification on your account, as the guarantee of the bottle´s authenticity and the investment value.
Three options available to the certificate owner, As the certificate owner, you have three options – your ownership certification can be traded on the platform, held for the price appreciation or fulfilled it in the physical wine delivery.
Token and ICO Details
CWEX tokens are created on the EOS platform. The benefits are a strong ecosystem, easy integration with third party contracts and smart applications, as well as with EOS standard wallets and exchanges.
Token name: CWEX – Crypto Wine Exchange
Instant token delivery: Yes for EOS
Total supply (100%): 89,000,000
Sale supply (62%): 55,180,000
CWEX team, future stakeholders, community and user growth (38 %): 33,820,000
Soft cap: 1,000,000 USD
Hard cap: 10,000,000 USD
Purchase limits: Max. (Personal cap) 100,000 USD
Unsold tokens: Burned
Exchange rate for token sale in pre-ICO (20% bonus): 00.16$
Exchange rate for token sale in ICO: 00.20$
Pre-sale period (pre-ICO): 15 December, 2018 to 09 January, 2019
Sale period (ICO): 10 January, 2019 to 21 March, 2019
Purchase methods: EOS/ETH/BTC/BCH/LTC/NEO/ZEC/XMR/USDT
Pre-ICO & Values
15 December, 2018 to 09 January, 2019
Number of tokens for sale
10 January, 2019 to 21 March, 2019
Tokens exchange rate
EOS, ETH, BTC, BCH, LTC, NEO, ZEC, XMR, USDT
Minimal transaction amount
Distribution of tokens is as follows:
21.10.2017: Initial idea
21.11.2017: Market research and concept development
10.01.2018: Trading platform architecture and layout planning
21.01.2018: Partnering contracts negotiations
21.08.2018: Token development
15.12.2018: Pre-sale start
10.01.2019: Sale start
02.04.2019: Exchange’s listing
01.05.2019: Trading platform development
10.01.2020: Beta testing
10.02.2020: Trading platform launch
10.06.2020: Develop further asset trading
MEET THE AMAZING TEAM
The Leadership Team
The CWEX team combines a passion for fine wines, industry expertise and proven record in finance, business development, sales, marketing and licensing.
Jacob Kallupurackal: Founder & CEO
Maxim Andersen: Co-Founder & Blockchain Expert
Thomas Tsang: Co-Founder & Product Manager
Nadir Zemrani: Co-Founder & Finance Manager
Stephen Gonah: Co-Founder & Compliance Expert
David Guye: Partner Relationship Manager EU/Russia
Victor Joyeux: Partner Relationship Manager APAC/APJ
Nargis Curteanu: Legal Expert
Khara Grant: Marketing & Community Manager US/CANADA/LATAM
Elza Hovhannisyan: Marketing & Community Manager Europe/Russia
Tarun Nair: Board Advisor
Benjamin Syme Van Ameringen: Board Advisor
Imran Hussain: Board Advisor
Dravasp Jhabvala: Board Advisor
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.