CWEX – The Crypto Wine Exchange

STARTER INFORMATION

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 Details

Token name: CWEX – Crypto Wine Exchange

Compatibility: EOS

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

Pre-ICO

15 December, 2018 to 09 January, 2019

Number of tokens for sale

55,180,000 (62%)

ICO

10 January, 2019 to 21 March, 2019

Tokens exchange rate

00.16$

Acceptable currencies

EOS, ETH, BTC, BCH, LTC, NEO, ZEC, XMR, USDT

Minimal transaction amount

50USD

Distribution of tokens is as follows:

ROADMAP

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

ADVISORS

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…

For more information, please visit:

Website: https://cwinex.io/

Whitepaper: https://cwinex.io/CWEX-Whitepaper.pdf

Twitter: https://twitter.com/CwexWine

Facebook: https://www.facebook.com/cwexio

Telegram: https://t.me/cwexio

LinkedIn: https://www.linkedin.com/company/cwexio

YouTube: https://www.youtube.com/watch?v=RK7LWRp4-bY

Reddit: https://www.reddit.com/r/CWEX

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

 

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.

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