WHISKY TOKEN (WHY) stands for a disruptive new possibility in the crypto ce currency market due to the combination of High-End Whisky and Blockchain technology. The mission is to combine the unlimited growth potential of a cryptocurrency with the security of real whisky value.WHISKY TOKEN (WHY) stands for a disruptive new possibility in the crypto currency market due to the combination of High-End Whisky and Blockchain technology. Learn more about our technology.
2,000,000 EUR (2,288,000 USD)
25,000,000 EUR (28,600,000 USD)
China, North Korea, United States of America, Vietnam
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The Whisky Market
Unlike precious metals, whisky cannot be recycled. Each whisky can only be opened and drunk once. The RW APEX 1000 index of Scottish Rare Whisky 101 Ltd, which tracks the development of the thousand most sought-after bottlings on the secondary market, increased by more than 25% last year and is listed at an all-time high. Japanese bottlings developed rather below average with a small plus of 4%. More sought-after among collectors were the”classics” from Macallan and some well-known “lost distilleries” such as Brora, Port Ellen or Karuizawa. All three distilleries were shut down, making the remaining whisky of these brands accordingly rare. The Port Ellen 1st Annual Release has increased its value more than tenfold from about EUR 230 in 2006 to over EUR 3,300 now. The bottlers have also recognized this trend and placed the current releases (17th release) immediately within a higher price category on the market.
The Cryptocurrency Market and FIAT Currencies
In August 1971 the existing gold standard of the US dollar was terminated. For the first time in history, all major currencies in the world were exempt from gold coverage. However, this decision had immense consequences: In the following years, the US dollar depreciated massively against hard currencies such as the German mark. Oil and gold prices, on the other hand, rose to new highs.
Active right of proposal
Within social media presence offer the possibility to post individual proposals for whisky bottles for the whisky portfolio. They will carefully review all suggestions and acquire them in case of compatibility.
Right of co-determination in voting
They will have regular votes on potential whisky for the portfolio. This gives the community the opportunity to select the most promising bottle for inclusion in the portfolio from a pre-selection by WHYTOKEN GmbH i.G.
Profit realization return
Should the operational costs exceed the above-mentioned sources of income, the costs incurred will be covered by the sale of whisky bottles. Any additional income is reinvested directly in the portfolio.
In order to be able to select an optimal location, it is important that the high standards of WHYTOKEN GmbH i.G. are met and at the same time that the monetary burden on the business model is as low as possible. They ave come to the conclusion that Germany will be an ideal location for this and for the coming years. On the one hand, there is an ideal infrastructure and on the other hand, there is a high degree of political stability, legal
security and an extraordinarily low risk of natural hazards.
Till H. Niebuhr CO-FOUNDER & CHIEF EXECUTIVE OFFICER
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