What is BeerMoney?
Beer Money is the union of blockchain technology and the passion for cryptocurrencies, with the world of beer and the passion for craft beer. Undoubtedly a safe bet, since craft beer is one of the most demanded beverages in a large number of countries and an expanding market in both total liters and totals billed worldwide.
Beer Money is a complete ecosystem, which orbits the concept of craft beers. Next we will break down everything that can be done with them.
The beer token
The main element that unites the digital ecosystem is the appearance of Beer Token. A token native to the NEM network, one of the safest blockchains in the entire cryptocurrency landscape.
The characteristics of the token are:
- Blockchain: NEM
- Number of tokens (mosaics): 400,000,000 tokens, which will reduce their number with progressive destruction until reaching the final figure of 80,000,000 tokens.
- Value: 0.05 USD per token.
- Support for this value: craft beer.
More than a token…
As we said before, Beer Money is much more than a simple token. In the first place, it is the digital representation of a physical good. With what we can do things like send a craft beer to a friend, only by sending a token to that person.
When we say that there is a physical support, we talk about how the price of the token evolves, because it will always be possible to exchange it for beer in Beer Money Pubs (Beer Money Pubs are associated establishments that accept beer tokens as a means of payment or that have of craft beers to exchange for tokens).
In addition, beer token is a loyalty tool, since owning Beer Money means that you have the right to enjoy discounts and exclusive promotions in the associated establishments.
On the other hand, the creators of the ecosystem benefit from the exit of the token because they raise funds to expand their business by building their own factory to make their own craft beers.
There is more…
With the own developer team and part of the funds raised in the seed and ICO phase, Beer Money has been able to develop its own wallet, with which to send mainly beer money, but which will also grow to admit more means of payment for the beer.
IEO in Latoken
Currently, you can purchase tokens in the IEO (initial acronym for Initial Exchange Offer: initial sale offer through the exchange) of the prestigious LATOKEN exchange.
The price at which these tokens can be purchased is currently less than USD 0.05 guaranteed value backed by beer, so the investment can be considered safe.
The opening period of the IEO in Latoken is limited. The token purchase will be available from September 15 to October 16. It is planned to go public in that market sometime later.
If you are looking for a relatively safe investment, or if you are simply a craft beer lover … Here you will find many options and possibilities.
IEO in LATOKEN: https://latoken.com/ico/ETH-BEER
Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.