OpenVino (MTB18 Token): Organic Winery Cryptocurrency Project?

For everybody else, wine is a delicacy that is reserved for joyous occasions. For winemakers, however, wine is a lucrative product that generates billions of dollars each year. Now, one token is seeking to cash in on the wine business while offering the best in the digital currency.

What is OpenVino?

OpenVino is an ambitious project that is based on two key goals. The first goal is to open the world’s first winery that will have a transparent, open-source platform accessible to all stakeholders. The second goal is to create a wine-backed cryptocurrency that will offer the best in digital currencies.

For such an ambitious project, OpenVino has decided to divide its plans into four phases so as to achieve all its goals:

Open-Source Platform

Open-source platforms are excellent because they are flexible, transparent, and can easily overcome challenges that often plague closed platforms. OpenVino plans to set the pace in its market, of which it is the first, as well as in the cryptocurrency markets. To this end, the company has chosen an open-source platform that will offer guidance to other companies and set standards for ethics and sustainability, among other virtues.

All developments on this platform will be documented and availed for free to others who may be seeking to follow OpenVino’s lead.

Wine-backed Cryptocurrency

While there are numerous cryptocurrencies in the market today, few are backed by real assets. OpenVino aims to create a cryptocurrency that will be backed by wine, a product that enjoys global demand and does not falter. Combined, wineries generate billions of dollars – hence, wine would be the ideal asset to ensure that OpenVino’s token is not only stable but also valuable.

openvino homepage

Biotechnology Viticulture

It takes a lot of effort and dedication brewing the best wine, and the best wine brings the best rewards. Since the OpenVino token will be backed by wine, the developers are seeking to use the best wine that will command demand and generate good revenue. To do this, they will use organic viticulture biotechnology to ensure that the vines and grapes are in top shape. Using this technology, wineries will be able to detect defects and take the necessary measures to avoid compromising the wine’s quality.

Honest Feedback

There is no better way to control wine’s quality than getting the customer’s feedback. The customers will be drinking the wine and paying for it, hence hedging the OpenVino token. To keep them coming back, OpenVino plans to offer the best wine as explained earlier.

However, since customers will have to take time off their schedules to provide feedback, OpenVino plans to offer incentives including shares to the company.

Vine, Wine, Dine, Mind

Finally, OpenVino will track the production process from start and go further to get customers’ insight. The goal here is to have full control of the entire process to ensure the best outcome and improve quality with each release. This will ensure that the OpenVino token gains in value and also generates sizeable income from wine production.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,470FansLike
2,795FollowersFollow
4,233FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Second Half of 3-Yr Bull Market: Ether’s Crazy Run has 90% of its Supply in Profit

This past weekend, the price of Ether went past $400 to as high as about $420, a level last seen in July 2018. This...

Teenage Mastermind Behind the Twitter Hack Owns $3.39 Million in Bitcoin (300 BTC); Bail Set At $725k

The 17-year old Twitter-hack mastermind holds over $3 million in BTC value with only $725,000 set for bail. In a bizarre moment last month, Twitter...

Bitcoin (BTC) Jumped to $100,000 on Binance Futures

There have been several predictions that see Bitcoin hitting a six-digit figure. On Sunday, this became a reality, very briefly, thanks to an algorithm. Bitcoin...

Flash Crash Caused Serious Network Congestion for ETH, ETC, And ERC 20 Tokens on Coinbase

On August 1, the Ethereum's blockchain faced a spike in network transaction fees, causing a backlog in transfers across several exchanges. Coinbase and Binance,...

Bitcoin’s Wild Weekend Reminiscent of 2017 Bull Rally, ‘Higher Highs Ahead in 2020'

This past weekend, bitcoin had a rough time as the largest cryptocurrency made its way past $12,000 to $12,112 in trading just after midnight...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today