Good News - Wine Trading Platforms on the Rise!

Good afternoon friends!

More and more I hear about the same type of platforms, that are a lot on the market and they all have one goal - raise money for the ICO and fly away from deceived people.

So today I would like to remind you that there is such a platform, about which the entire cryptocurrency community already knows, and which is constantly published in various reviews and newspapers.

You guessed it, this is a CWEX, a new world for honest traders and producers of the best wine in the world!

-Platforms such as the CWEX Exchange, backed by Swiss-based DotChain GMbh, are one of the many of such now appearing, adding a heightened level of guarantee to wine provenance. CWEX issues blockchain based ownership certificates with each bottle, consequently decreasing processing fees and resulting in buyers profiting from a huge 80% rise on their initial investment.

Prior to blockchain, after numerous cases of false provenance issues resulting in lawsuits and subsequent convictions of the perpetrators involving millions of dollars, companies such as Cavex and Wine Owners were launched in order to reinstate some level of trust back into the industry, although such companies were principally aimed at private investors. These companies managed to cut out third-party brokers, thereby helping eliminate the risk of fraud with peer-to-peer sales.

Selling wine on the blockchain doesn’t have to be a huge enterprise, as Mike Barrow of Costaflores Organic Vineyard in Lujan de Cuyo, Argentina, discovered. This year he sold 16,448 bottles at USD 4.74 per bottle after tax. It is visible on the published accounting ledger, using blockchain technology so that consumers can track the vintage from grape to bottle. Costaflores now has its own cryptocurrency token, which now trades on the open exchange. As Barrow says:

“Creating a wine-backed crypto asset is not about driving the price up to absurd levels… It’s about qualifying value and honesty in wine.”

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ANN Thread - https://bitcointalk.org/index.php?topic=5042350.0