FOLLOWINE - The First True Limited Cryptocurrency Correlated To WINE Anticounterfeiting
NB: You can earn wine coin by scanning Qrcodes, and help us to protect Wine Culture.
PRESENTATION
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Followine, the first ecosystem that aims to fight against the counterfeiting of wine, by using the Blockchain Technology has arrived. "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. 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."
With that being said, Followine's mission is to create a global eco-system that connects wine with the world's stakeholders and consumers together, encouraging the realization of new international communication and business models and also implement a system where the consumer, simply by scanning QR codes for authentication, receives points that will be converted into Wine Coin. They can use them on the follow marketplace or on e-commerce partners, or they can store them in their wallet and / or convert them to FIAT.
Now that I have your attention, let’s get right to it. What exactly is FOLLOWINE?
As said earlier, Followine is the first ecosystem that aims to fight against the counterfeiting of wine, by using the Blockchain Technology. Followine is a circuit based on Wine Coin, in Token that provides self-sustainability and inclusiveness to the entire Followine circuit. The Mission
To create a global eco-system that connects wine with the world's stakeholders and consumers together, encouraging the realization of new international communication and business models. Brief History
Followine is an innovative Italian start-up founded in June 2017 with the aim of developing a system capable of effectively counter the phenomenon of wine counterfeiting. The Mission is to create a global ecosystem that connects the actors of the wine world and consumers, encouraging the emergence of new international models of communication and business. What differentiates Followine from competitors is an in-depth study of the counterfeiting phenomenon. More than three years and about € 30K have been spent to travel the world, gather testimonies and data able to improve the system. The know-how acquired is certainly the secret sauce, the one that no competitor can ever subtract. About The Circuit Consumers
The consumer, simply by scanning QR codes, receives points that will be converted into Wine Coin. They can use them on the follow marketplace or on e-commerce partners, or they can store them in their wallet and / or convert them to FIAT. E-Commerce
E-commerce, and other partners, can use Wine Coins to purchase Followin services, such as Wine Scanners, or buy wine from participating producers and / or convert them to Fiat. Manufacturers
Followine anti-counterfeiting services; in addition, he can purchase additional services in Wine Coin or use them as exchange coins on the Followine B2B platform. Followine
Followine Tokens that will be used as the backbone of the QR code. In this way, Followine will create the first circulating token among several stakeholders.
This is what an Utility Token means to be, for Followine. The Benefits
The advantages offered by Followine’s services are varied and involve all the wine stakeholders. For Manufacturers
In the short term, manufacturers will be able to count on greater security - thanks to the anticounterfeitingsystem - and on marketing services aimed at acquiring and retaining customers through the profiling of collected data as well as brand enforcement and the chance to receive payments in tax-free tokens. In the medium term, however, producers will benefit from an increase in turnover and a considerable reduction in time and money for market research, which will be provided by Followine. Finally, in a longer period of time, it will be possible to see the reduction of barriers to entry in foreign markets. For Retailers
In the short term they will be able to make use of certified products and greater consumer confidence; in addition, even retailers, as already mentioned for producers, will be able to receive tax-free payments. In the medium term, it will be possible to attract new consumers with the use of Wine Coin, thanks also to the loyalty activities carried out by Followine, and use a B2B networking platform shared with the producers. Also in this case, as for producers, the services offered by our company will determine a considerable reduction of time and money for market research. For Consumers
Consumers, the real core of our project, they will immediately be able to count on: security in purchases, profit at every scan and direct communication with the manufacturer. In the medium term, in addition, they will appreciate greater security for online wine purchases, discounts, and prizes reserved for the community - playing a fundamental role in the fight against counterfeiting. For The Nation
Among the subjects that will benefit from Followine’s services is the Nation, which in the medium term will be able to count on a reduction in government spending for investigations into counterfeiting, an increase in tax revenues and greater interaction with wine world stakeholders, as well as a greater and better protection of national “Made in”. In the long run, the increase in wine production, linked to the reduction of the phenomenon of counterfeiting, will bring new jobs. Followine QR Thanks to our free mobile app you can scan any QR code really fast. To find out if a bottle of wine is authentic, simply scan the Followine Each scan has a prize, in order to involve users and thank them for their contribution to the fight against counterfeiting.Download the Followine app too. - https://followine.io/en/airdrop/ WHY BLOCKCHAIN?
There are different reasons why Followine decided to use blockchain technology for the development of its project:
First of all, using the blockchain, we achieved a high-level security standard with investments that are significantly lower than those necessary for the development of a centralized database that is equally secure;
Secondly, the blockchain has allowed us to create a Token, the Wine Coin, the tool that allows us to put the final consumer at the center of our project. The consumer, actively participating in the Followine ecosystem, is the real protagonist: in fact, each scan allows the system to collect data useful for increasing its efficiency and effectiveness;
Again, a “guarantee agency” must be super partes, transparent and with information always visible and accessible to anyone who wants to see it. Above all, it is essential that there is no way to change that information and, to date, the only technology that guarantees the inalterability of data is the blockchain. Token Sale and ICO Details
Wine Coin is the token created by Followine for the ICO and based on the ERC-20 technology, the same as Ethereum. Given the requirements, the structure and the causes of use, the Wine Coin can be qualified, to all intents and purposes, as utility token. For this reason, in light of the relative regulations, issued by most of the Countries in the world, it is possible to sell it as a mere IT product. WineCoin
Token Name - WineCoin
Symbol - WINE
Token Type - ERC-20
Max Decimals - 3
Max Potential Supply - 250,000,000
Tokens for Sale - 135,000,000
Tokens For Sale Pre-ICO - 15,000,000
Tokens For ICO rooms - 120,000,000
Token Price - € 0.10
Token Price Pre-ICO - -70%
Token Date Sale - Dec / 2018
Closing Date - 28 Mar 2019
ICO Soft Cap - € 1,000,000
Hard Cap ICO - € 12,000,000
Currencies Accepted - ETH, BTC
Minimum Payment - € 100.00 Token Distribution
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
PREAMBLE The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is IRONX, a platform initiated as a global one-stop trades system for the purpose of quality resources. "The number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies ...
PREAMBLE A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve. While this revolution is gaining wide acceptance, "Project Colletrix" introduces one of the world’s first nonfungible token...
STARTER INFORMATION With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve. While this revolution is gaining wide acceptance, BURNY, a deflationary cryptocurrency that is an ethereum token utilizing the erc-20 based blockchain infrastructure has arrived. It is a social experiment and a financial case stu...
Comments
Post a Comment