BEER Coin The Future of Beer
BEER Coin The Future of Beer
BEER Coin The Future of Beer
Q. What is an ICO?
A. An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and etherium. It is somewhat similar to an Initial Public Offering (IPO) in that the crypto tokens can be exchanged for other currencies.
BEER Coin is a crypto token based on Ethereum
Q. Why another cryptocurrency?
A. Two reasons; to offer convertibility to shares in craft breweries and to offer as prizes on beer sales. The BEER Coin is a new model of crowdfunding providing investors with linked value to the breweries AND liquidity.
Q. What is a cryptocurrency?
A. A cryptocurrency is digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Q. What is Ethereum?
A. At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
Is Ethereum similar to Bitcoin? Well, sort of, but not really.
Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.
In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network.
Q. How is Ethereum different to BitCoin?
A. Please see above.
Q. Why is BEER based on Ethereum?
A. We are using Etherium's ERC-20 token because it is a stable framework to create our BEER coins. Since we are beer brewers and not building a new blockchain it made sense to focus on what we are good at rather than trying to invent a new wheel.
Q. Can BEER be converted to other currencies; crypto and $, £, €?
A. BEER will be listed on major Cryptocurrency Exchanges and convertible to other Crypto and FIAT($, £, euros etc).
Q. What is the difference between an ICO and a Token Sale?
A. An ICO is an Initial Coin Offering. It is the same as a Token Sale in that it is the chance to pre-invest in something that intends to become a live entity. A Token Sale refers to tokens generated using the Ethereum network and offered for sale.
If the investment is into specific niche – craft breweries, computer game trading, sportswear exchange etc then it is a Token Sale. If there is no particular niche, it is an ICO.
Q. How can I convert BEER into shares in a craft brewery?
A. Twice per year BEER can be submitted to the Brewery Consortium to convert to shares in Beautiful Bubble Lda (BB)
BB are owners of Algarve Rock Brewery and Brewery Consortium. Conversion under following conditions:
*Rate of 0.1% ownership of BB capital:1,200,000 BEER.
*Notice of 30 days online to BB delivered on dates 15 June and 15 December annually from 2020.
*Minimum conversion 0.05% ownership of BB.
*Conversion above minimum exchange rate 1 BEER:>$0.05.
Shares will be held by Brewery Consortium Share Holding company in a method most efficient to benefit investors. The Share Holding company will, most probably, be formed in Zug, Switzerland after Softcap is reached. The Share Holding company will be listed in the BB Company Registration Certificate (Certidão Permanente). The nominee company will administer, on behalf of converted shareholders, all share of dividend payments due and operate a converted shareholding exchange plus transaction fees.
Please refer to Whitepaper and full conditions.
Q. Why form the Brewery Consortium Share Holding company after SoftCap?
A. The release of BEER will not proceed until SoftCap is reached. Regulations regarding issuing security tokens are in a state of flux. Our legal team is preparing to establish the share holding company in a jurisdiction most efficient to benefit investors. The company will be established prior to ICO date of March 15, 2019 when BEER will be released.
Q. How will investors know the value of Beautiful Bubble Lda?
A. In Portugal all limited liability companies must publish an annual report of shareholders and financial position similar to a Balance Sheet. These figures will be audited by a competent Accountancy practise. In addition regular news releases of expansion, acquisition, business wins, projected profit etc. will be publicised on this website. The statutory financial reporting will be augmented by regular financial updates coinciding with the Roadmap and Usage of Funds outlined in the Whitepaper.
Q. Where can I see more financial information?
A. The financial information contained in the Whitepaper is a true reflection of the business. For committed investors we can provide our full Business Plan on request. This document contains market sensitive information and is not publicly available.
Q. How will BEER be mined i.e. released?
A. Unlike other cryptocurrencies extra BEER will be released with an underlying value as prizes on beer sales by Brewery Consortium partners. Winning codes will be printed under bottle caps and can ring pulls and readily claimable online.
Hence, released BEER stimulates the value and trade in BEER Coin.
Q. What are the early purchase bonuses?
A. Prior to the ICO date when all purchased BEER will be tradeable, early investors will be rewarded as follows:
up to 25% Hardcap - 30% free bonus of BEER Coin
26% to 75% Hardcap - 20% free bonus of BEER Coin
76% to 100% Hardcap - 10% free bonus of BEER Coin.
If investing in BEER it makes sense to buy early and use the Rewards Program for more bonus.
Q. What is the BEER Rewards Program?
A. Investors registering an account with Brewery Consortium will receive a unique link to refer to like minded contacts. The investor will receive a bonus of 5% of BEER purchased via their referrals.
Q. What is Hardcap?
A. The maximum number of BEER Coin sold during ICO - 500 million
Q. What is Softcap?
A. The minimum number of BEER Coin sold during ICO or the project will be scrapped and all funds returned - 50 million
Q. What is the value of BEER Coin?
A. The ICO value is set at $0.05 plus any bonus for early purchase or referral. After ICO the value will vary according to market conditions.
Q. How will the value of BEER increase?
A. Brewery Consortium's goal is to increase desirability, underlying convertible strength and tradability of BEER via:
*Regular release of BEER as prizes on beer purchases from Brewery Consortium partners.
*Increase in profitability, asset and trading value of BB and Brewery Consortium partners.
*Other opportunities of linking BEER to other companies and products.
As BEER value will be linked to the assets and values of BB and Beer Consortium partners, the potential for growth in BEER volume and value is endless. Ultimately, the value of BEER is linked to growing consumption. Hence, investors in BEER are investing in the consumer; themselves and enjoying the benefit of growing consumption.
Q. How many Brewery Consortium partners do you have?
A. Numerous breweries have been identified and entered into preliminary discussion but Brewery Consortium partners will only be set up after the ICO and participate in offering BEER as prizes on sales.
Q. How can I buy BEER?
A. Just click here
You can purchase using BitCoin, Ethereum, $, £, €.
Q. How do I download and store BEER?
A. You will need an Ether Wallet, set up in minutes by clicking here
Set up instructions will explain important precautions to keep your BEER Coin secure.
Q. When can I download BEER?
A. After ICO date of March 15, 2019.
Q. How can I exchange BEER?
A. After ICO numerous cryptocurrency exchanges will offer an exchange for BEER. You will need to register an account and BEER can be uploaded from your Ether Wallet in seconds and converted to other currencies.
Q. Can I visit your brewery?
A. Yes, please visit www.AlgarveRock.com and book a tour.
Q. Where can I buy your beer?
A. If your local bar or supermarket does not stock you can visit www.AlgarveRock.com and buy online. Restrictions apply to delivery areas.