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Ratings CWEX

Future of Decentralized Fine Wine Trading

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.

4.1
6 5 expert ratings
Benchy 4.0
KYC
Experts
4.0
4.2
4.0
Review: coming soon PRO
Unknown
Token
CWEX
Type
PreICO Price
1 CWEX = 0.16 USD
Price
1 CWEX = 0.2 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
EOS
Accepting
EOS, ETH, BTC, LTC
Soft cap
1,000,000 USD
Hard cap
10,000,000 USD
Country
Whitelist/KYC
Whitelist
Restricted areas
USA
Visit ICO website
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Changelly

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
ICO and STO and IEO advisor
Rated on Nov 27, 2018
Modified on Dec 3, 2018
3
3
3
16%

Interesting project and most likely blockchain tech can help here. Evidently the team needs blockchain fundraising and marketing savvy experts engaged. The WP should be enlarged and improved.

UPDATE see above. Certainly I can change my opinion if you reinforce the team and improve your WP as to tokenomics, business planning with numbers and competitive analysis

+2Agree
+2
Disagree
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Jacob Kallupurackal ManuelICO team member replied on 3 Dec 2018
Hello Igor,

Thank you for rating our project.
Can you please give us chance to provide you more information on the project to head light on the value that platform will bring to crypto investors. I will be more than happy to get on a call with.

Best regards,

Jacob
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Nov 29, 2018
Modified on Dec 3, 2018
5
5
5
16%

"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."

→ Anonymity for buyers and sellers. Then who does the verification of the parties and wines?

→ After a transaction is completed, where are the wines stored or how are they delivered to the buyers?

→ None of the team members and advisors seem to have past experiences executing an ICO project?

Looking forward to the team's response with a view to revise the rating.

All the best!
~~~~~~~~~~~~

Jacob Kallupurackal Manuel
ICO team member replied on 2 Dec 2018
Hello Clemen,

Thank you for rating the project.
Here are the answers to the questions you have raised.
→ Anonymity for buyers and sellers. Then who does the verification of the parties and wines?

Here is our solution to this challenge. We have two companies that will manage this.

Dotchain GmbH Switzerland is in charge of onboarding fine wine vendors.
Vendors are only allowed to list their product list on the exchange once they passed the onboarding process we have set up. Once this step is completed, each bottle of wine will be issued a blockchain certificate and this is what will be traded on the exchange.

WEX Ltd Hong Kong
Fine wine trading platform where end users can trade wine


→ After a transaction is completed, where are the wines stored or how are they delivered to the buyers?

The main aim of the project is to provide the possibility of owning fine wine without shipping or worrying about bonded storage or security and authenticity of the product.

End customer can also request shipping but all the cross board taxes, shipping cost & storage fees will be the reasonability of the end customer.

Secure: You can request the wine to be shipped at any location of your choice
Hold. You hold the wine on the platform
Trade: Wine with other users on the platform

Wine will stored at our partner location: http://geneva-freeports.ch/en/

Free ports in Geneva is one of the best storage facilities in Europe: https://www.swissinfo.ch/eng/business/free-ports_the-discreet-bunkers-of-the-super-rich/40474208

→ None of the team members and advisors seem to have past experiences executing an ICO project?

Most of the team members are crypto lovers and our solution came about due to the lack of real-world asset ownership for crypto owners do not have all the eggs in the same basket.

Most of our team members worked or is working for Tech companies like Cisco, banks like HSBC and also for United Nations.

Please, also check out our pitch desk: https://cwinex.io/wp-content/uploads/2018/11/Pitch-Deck_CWEX_Crypto_Wine_Exchange.pdf

Please let me know if you need more info?
I will more than happy to answer your questions.

Best Regards,

Jacob
~~~~~~~~~~~~

Truly, we appreciate your reply.

All the best!

+2Agree
-1
-3Disagree
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Ian Scarffe
Blockchain Consultant, ICO, IEO, STO Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on Mar 11, 2019
Modified on Mar 11, 2019
4
4
4
16%

This is a fairly interesting idea and use of blockchain technology in an area that could make good use of it. There's a good team as well, and a solid white paper outlining the vision

Agree
-1
-1Disagree
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Simon Zenios
Lawyer & Director at Simon Zenios & Co LLC | Blockchain Legal Advisor | ICO | Law & Security Instructor at SGT
Rated on Dec 5, 2018
4
5
4
9%

I like that the project is focused on one area, a wine trading, this will attract a specific group, wine enthusiasts foremost. But I have seen similar projects in the past. Some questions arise for sure, how will this project compete against rival projects of this sort? Your fb and twitter accounts seem active enough but your telegram has just over 4K members in the group and not much activity happening, community seems low right now. I’d like to see more response by the community to get a sense of confidence for your project.

Agree
-1
-1Disagree
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Jacob Kallupurackal ManuelICO team member replied on 5 Dec 2018
Hello Simon,

Thank you for rating our project!

Can you please give us chance to provide you more information on the project to prove the value and new opportunities that the project will bring to crypto investors? I can also share more info how our project is different from the ones before us.

Community growth has be slow due to the market slowing down and the declining trust in ICOs.


Thanking you!

Regards,

Jacob
Gao Jie
Serial entrepreneur
Rated on Nov 23, 2018
Modified on Nov 26, 2018
4
5
4
6%

It is a good idea that the project offers investors a new option connecting cryptocurrency with luxury wine which can enrich their investment portfolio and keep their investment safe or even increasing in the bear market. This project offers investors a new option connecting cryptocurrency with luxury wine which can enrich their investment portfolio and keep their investment safe or even increasing in the bear market.

Milestones better to be optimized & speed up the trading platform development once the ICO ready.

Need to consider how to deal with the situation in bullish market as ROI higher for cryptocurrency investment.




+1Agree
0
-1Disagree
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Jacob Kallupurackal ManuelICO team member replied on 2 Dec 2018
Hello Gao,

Thank you for rating our project and also taking the time to get on a call with us :-) to better understand the potential and the value that our project brings to crypto investors.

Best regards,

Jacob
Benchy
ICO analyzer bot
4.0
36%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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2 members invited
Jacob Kallupurackal
Passed
Maxim Andersen
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