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. Our mission is to combine the unlimited growth potential of a cryptocurrency with the security of real whisky value.
WHISKY TOKEN aims to solve three major problems in the current crypto market: High volatility, low transparency and lack of added value. The conventional utility token has no added value and carries the risk of total loss. In addition, price developments correlate with the bitcoin price and are also very volatile. This makes the investment risky. Asset-backed security tokens are often limited in their growth by their value base: they can only increase as much as their asset.
In order to ensure a high degree of security, we have developed the so-called asset-backed mechanism. This mechanism works as follows: Once the whisky portfolio has reached the market cap of the initial ICO, the mechanism is activated. If the market cap of WHISKY TOKEN is less than 90 percent of the current value of the whisky portfolio within a period of 30 consecutive days, WHYTOKEN GmbH will place a buy order on the market. This leads to a demand which causes the price of WHISKY TOKEN to rise. The bought back tokens are automatically burned, which results in a deflation thereof. In this way, an indirect representation of the whisky portfolio is displayed on the WHISKY TOKEN.
With WHISKY TOKEN everyone can participate in the whisky market. Creating your own whiskyportolio takes a lot of time, knowledge and above all a lot of capital. Connections to the bottlers are also required. We carefully select bottles and keep them save. Also, we continuously rebalance the portfolio, reacting to market trends.