Rated on Sep 30, 2018
Modified on Oct 25, 2018
Interesting combination of IOT and Blockchain. This is essentially one of the main uses of blockchain and I have seen multiple projects trying to do this as well. Interested to see what comes out of it. Team size is pretty small for now, hope it gets bigger in time to come! Will be following this project.
Rated on Nov 28, 2018
Success for similar projects. I like the vision, but overall I would like to see more out of a project that I would invest in.
Ratings are that of opinion and not to be financial advice of any kind and in no way should be considered endorsement of any project. Please, do your own due diligence on anything you invest in!
Rated on Oct 1, 2018
Utilizing blockchain for food tracking is not a new idea but I can see the appeal in specializing in alcoholic beverages especially for quality control/prevention of counterfeit products and creating a community that already exists. Will be watching to see where this project is going.
Rated on Sep 7, 2018
What Beverage.cash is trying to do was recently done by a coffee maker as well. Although it’s a good way to ensure authenticity and place of origin for the alcoholic beverage, I don’t see its application outside of selected types of liquor. The added RFID and NFC tags will also make disposal of empty bottles harder to recycle.
The team is strong and they have an experienced advisors on board. The business planning started in 2015, which means they have had plenty of time to tweak their idea. Eagerly waiting for the MVP. Good luck to the team.
About coffee, if you are talking about bext360, then we have a common and there are differences.
When they adding new product in the chain - token issued automatically. The price of the token increases as the product move along the chain from the manufacturer to the buyer.
The economy of our token is related to the limited emission of a token. With addition of beverage producers on the platform, there is an increase in orders for RFID equipment and QR / NFC labels and constant increase in the amount of fiat-capital needed to purchase tokens on the platform. A limited number of tokens give an unlimited growth potential. The price in this case is directly proportional to the capitalization on the platform. If we go to mathematics, it will look like this:
RFID, QR/ NFC is a sector of the real economy, which is quoted in fiat money, but is sold for tokens. If we assume that the emission is 1 token, then the change in its value will look like this (we consider as well that the cost of the NFC label does not change and equal to 0.1 USD):
1 NFC sold:
1 token = 1 NFC = 0.1 USD ((price for 1 NFC is 1 token or 0.1 USD)
Order for 10 NFC:
1 token = 10 x NFC = 1 USD (price for 1 NFC is 0.1 token or 0.1 USD)
Order per million NFC:
1 token = 1M NFC = 100,000 USD (price for 1 NFC is 0.000001 token or 0.1 USD)
In the alcohol market, billions of bottles are sold annually and the production of new bottles does not stop for a minute.
With regard to the recycling of bottles - the label is removed from the bottle along with the main label, so there are no problem.
Rated on Oct 18, 2018
As a wine drinker let me start by saying that I love the vision. They have a good degree of experience producing wine and from what I have read they seem to know the market well enough to make this project/business work.
The team isn't massive but they make up in experience. From my research they all seem legitimate. They all seem to be 100% behind this.
If one looks at the math - I believe that this would be something worth investing in. It is a unique project with no obvious competitors (that are doing things this revolutionary way).
I will be watching this project closely.
Rated on Sep 22, 2018
Modified on Feb 19, 2019
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