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Wineries

Relevant information for Wineries

How will the wineries receive their payments from customers?

The currency used will be either Ethereum or USDC/USDT as a stable coin. While prices will be displayed in Euros/USD, the crypto currency used will adapt to the day of trade. Wineries can ramp off their proceeds to their FIAT account anytime.

Which currencies are accepted for payment by WineChain?

WineChain accepts and USDC, USDT and Ethereum.

Is the first purchase always required in crypto ? Or is there a credit card on-ramp?

You can either pay in ETH/USDC or a credit card for purchasing wiNeFTs at drop events. If you wish to pay in cryptocurrency, your WineChain-associated wallet will need to be loaded before the drop. For secondary trades on the marketplace, only crypto

How does the primary drop work?

1. Winery completely onboards with WineChain and provides necessary content to create their winery profile and bottle pages on the platform. The contractual agreement should be signed by both parties. 2. More than 30 days before the date of the drop,

How is the sale managed on the Portal? (spot offers?)

Wineries release batches of wiNeFTs as they want on a defined drop event. That event is usually open for 24 hours where authorized buyers can buy the wiNeFts from the winery. If they’re not all sold during the event, the remaining ones move to the pe

How do I know that someone wants to sell his NFT?

You will know simply by seeing whoever is listing their NFT on the marketplace.

Is the platform a private membership club?

Yes and no. The portal is accessible to the public but to buy wiNeFTs you will need to be registered and have successfully completed KYC. As for the winery sub-community, anybody can become a follower of the winery, but the winery can decide to deny

What percentage does WineChain take from the drop price?

We take 15% on the wiNeFT drop price and then 10% of the capital gain (royalties) on each resale of the wiNeFT.

What is the general cost association for the winery?

WineChain is free for mint all the wiNeFTs (Drop Event). The use of basic CRM tools from the marketplace is also free. As we add new CRM tools, those will likely be offered as a subscription.

Are we planning to get our own platform or use Opensea?

We are currently developing our own Marketplace/Platform: WineChain

When will we be able to do the first launch for these wineries when they join?

We expect to release our first drop events in late Q1 2023.

Are we internally handling PR for all launches or is there a requirement from the brand?

We are handling PR internally, although we suggest that wineries also announce to their communities to help maximize sales with this unique DTC opportunity. Our co-founder Guillaume Jourdan is the head of all external communications concerning WineCh

Will we offer educational seminars on how to buy wines through NFTs?

Yes, we do plan to create video learning in 2023.

What happens to the wiNeFT once the drop event is over?

Once the drop event is finished, the unsold wiNeFTs are not automatically put on the marketplace at the winery's direction.

What is the physical link between case and wiNeFT?

Every case or bottle you release as a wiNeFT will receive a QR generated code sticker which we will add on the case in our storage facility. Proof of authenticity will be established with an encrypted number we will share with the owner wallet upon s

How can cases make it to the US outside of the three-tier system?

We will use a direct "passage of title" approach, meaning the consumer ships directly to themselves. There is an importer of record that will clear the shipment through the US customs, pay all the required taxes and duties on behalf of the customer,

Where are the geographic shipping restrictions?

Where are the geographic shipping restrictions? How does the shipping process work? Who takes ownership in the fulfillment portion of the transaction?. General answer: WineChain partners with leading worldwide carriers to provide our customers with a

Who owns the wallet where the wiNeFT is held?

The winery owns the wallet where the wiNeFT is minted in the first place. Once it’s sold, the wiNeFT is transferred to the wallet of the buyer. Wineries and users will be the owners of their own wallets and their own wiNeFT collections.

The wiNeFT is a URL?

The wiNeFT is an NFT. So, it’s a smart contract attached to a wallet, which has its own web3 address, but the wiNeFT doesn’t need a specific URL. The WineChain user’s wallet would be tracked to the WineChain website, unless the NFT owner is using ano