CWEX ICO review listing

cwex ico

CWEX – Real World Asset Trading Platform using cryptocurrency. Cryprowine Exchange ICO rating – 59

ICO Cryprowine Exchange Visit Cryprowine Exchange ICO site

PRE ICO Dates : 15/12/18 – 09/01/19
Ended ICO : 10/01/19 – 21/03/19

ICO rating
Business: 11/20 Product: 1/5 WP: 7/10 
Roadmap: 4/10 Legal: 2/5 ICO terms: 4/5 
Team: 15/20 Token applying: 3/5 Promotion: 12/20 
web site Cryprowine Exchange
web site Cryprowine Exchange
web site Cryprowine Exchange
web site Cryprowine Exchange
web site Cryprowine Exchange
web site Cryprowine Exchange
ICO Traffic Rank by Alexa
1 145 723
Rank by country:
Rank in IN – 303240, Rank in UA – 224153

About Cryprowine Exchange ICO (token sale)

Crypto Wine Exchange (CWEX ICO) is a blockchain-based fine wine-trading platform, connecting cryptocurrency owners to the fine wine market without complications from regulations and bonded storage.

Over the past five years, fine wine investors have seen 10-20% annual growth rates in their investment. Reports comparing investment performance by asset class, ranks fine wine at first place with a performance of 24% in a period of 12 months. In consideration of longer investment periods – 5 to 10 years, fine wine still scores high – as the second most successful asset. Furthermore, collectible wines are among the most desirable investment assets, immediately after  cars. Everything points to the fact that fine wine is a low-risk, stable investment. However, the situation is not as positive in every aspect. Although fine wine markets have been growing globally over the past few years, there are still a number of legal and practical obstacles in expansion advancement.

Simultaneously, cryptocurrency owners lack options on how to invest their digital holdings in valuable real-world assets, which are stable and guarantee short to long-term returns. Moreover, there is no guarantee in their investment reliability.

The Crypto Wine Exchange Hong Kong (CWEX ICO) in partnership with DotChain GmbH based in Switzerland is designed to provide solutions.

Crypto Wine Exchange (CWEX ICO) will provide interested parties with new, more accessible and smoother fine wine trading options as compared to those currently available in the industry. Crypto Wine Exchange (CWEX ICO) will enable cryptocurrency holders in investing their coins into tangible assets (fine wine), and fine wine traders will be able to enter the fast-growing and lucrative cryptocurrency market.

The CWEX ICO business operations will be performed by two entities:

  • A Swiss-based company (DotChain GmbH Switzerland) will act as a governing authority. It will be responsible for onboarding partners and merchants, auditing partners’ and merchants’ stock, securing storage and insurance against disasters (e.g., loss of labels due to a cellar floods, exposure to extreme temperatures, theft, business interruptions and duty liability). The company will be responsible in the issuance of blockchain-based ownership certifications
  • Crypto Wine Exchange Hong Kong (CWEX ICO), the first blockchain-based crypto marketplace for automated fine wine trading will enable traders, private clients, wine funds and crypto coin owners to trade together in a live market environment on a global scale. The platform will help members buy and sell fine wine on a consolidated marketplace, giving them the ability to set prices and, ultimately, maximize returns. Low commission rates of just 1% will lower barriers to fine wine trading, increase volume and make trading more cost-effective than ever before. The addition of a fully automated and free to use portfolio management system will allow members to self-manage their fine wine collections and trade them on an equal online platform, even if stored in different (worldwide) warehouses.

Crypto Wine Exchange Hong Kong (CWEX ICO), in partnership with the Swiss-based company DotChain GmbH Switzerland, will guarantee investment anonymity and security through a blockchain-based ownership certification system; any traded fine wine bottle will be provided with a unique certificate of authenticity to be issued on the blockchain. These certificates can then be traded between buyers and sellers without wine leaving its storage location unless a buyer requests a delivery to the location of his/her choice.

The first phase of the project has already begun. The team is currently developing the platform architecture and layout planning. We have signed partnering agreements with several international fine wine partners and merchants. We estimate the CWEX platform to be operational within 10-12 months after the token sale.

The core activities of the Crypto Wine Exchange Hong Kong (CWEX ICO) growth will involve running the trading platform, providing technical customer support service and improving trading fluency. The exchange is planned to grow through quality services, simplicity and transparency. We will focus on maintaining high-quality listings enabled by exclusive fine wine partners and merchants, and insured by the authority of our partner, DotChain GmbH Switzerland. This Swiss-based business entity will govern the onboarding of partners and merchants, issuing certificates of authenticity, and ensuring fine wines listed on the exchange have secure storage and insurance.