HomeCryptoMaking Investments in Rare Whiskeys Easy Through Blockchain

Making Investments in Rare Whiskeys Easy Through Blockchain



Alternative investments are coming to prominence and are taking a more central stage in the global investment scene. And while this is undoubtedly a positive feat, there are certain challenges that also take shape.

For example, it’s increasingly hard for retail investors to diversify their portfolios and include alternative investments. This is because of the lack of verifiable financial information, as well as relatively lower liquidity and a myriad of others that make it hard to both identify and execute.

Flasko has designed a product that’s intended to help investors tackle all of the above and dive into alternative investments – more specifically, whiskey, wine, and champagne.

Flasko, Blockchain, and Whiskey

First off, Flasko is a cryptocurrency protocol aimed at becoming the very first NFT whiskey, wine, and champagne investment platform.

Realizing that alternative investments are moving into the mainstream, the team is building the tools needed for crypto investors to dive into this otherwise challenging-to-access field. Backing this up with data, the protocol’s whitepaper outlines that in about 15 years, alternative investments grew from 6% to 12% or $13.4 trillion of the global market in 2018 and that they are also expected to grow between 18-24% by 2025.

Flasko wants to open up the alternative investment market to cryptocurrency users and provide them with the opportunity to invest in premium champagnes, wines, and whiskeys.

How Does it Work?

To make all this work in a seamless way, Flasko leverages the power of non-fungible tokens (NFTs).

Investing in the protocol results in an NFT being minted. Each NFT can then be fractionalized, which would allow users to invest in both rare and potentially high-growth whiskeys, wine, and champagnes. All investors will be provided with the ability to benefit from this potential growth.

Moreover, Flasko wants to unite everything under the same roof so investors will also be able to trade using their specialized investment platform. Through their launchpad and the broader community, Flasko is also aiming to partner with high-end beverage start-ups to make the entry to the market even more impactful.

A Bit of Technicals

One thing to be also mentioned is the FLSK token – this is the native cryptocurrency of the platform and has a total supply capped at 1 billion tokens. However, the unsold tokens will be burnt, so the circulating supply will be lower, depending on participation.

The team also plans to lock the liquidity for a whopping 33 years in a bid to eliminate all risks of a potential rug pull.

The FLSK token will be used to both trade and invest NFTs on the Flasko platform, but it can also serve as tickets for certain events hosted by Flasko. Additionally, it will also be a governance token, allowing members of the community to vote on decisions that could impact the protocol’s future and growth.

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