Crypto Wine Exchange (CWEX) - Future of Decentralized Fine Wine Trading

March 21, 2019

Counterfeit is an imitation which is a fake made usually with the intent to deceptively represent its content or origins, thus increasing sales appeal due to the reputation of the imitated product. 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.

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.

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.

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.

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.

Features of the Platform

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.

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 offer: As a registered trader, you can place a bid or offer for a selected fine wine.
Trade matched: Once your bid or offer is matched, you are notified of the successful trade.
CWEX in partnership with DotChain GmbH secures the wine: CWEX 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 buyer: You 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.