FAQ

What is DigiCask

DigiCask is a whisky tokenization platform that allows individuals to invest any amount in premium whisky casks through fractional ownership.DigiCask is a marketplace for trading fractionalised premium whisky casks backed by real assets. We offer a curated selection of premium whisky s from renowned producers around the world, allowing you to own and trade digital assets representing unique bottles.

How Does DigiCask Work

DigiCask works by identifying and verifying authentic whisky casks, recording their details, and creating $DCASK digital tokens on the blockchain. Users can then purchase fractional ownership of these casks, and smart contracts automate processes such as ownership transfers, profit distribution, and regulatory compliance. These $DCASK are backed by real assets, ensuring authenticity and provenance.

Why invest in whisky casks through DigiCask?

Investing in whisky casks through DigiCask provides an opportunity to diversify your investment portfolio with a tangible and appreciating asset. Fractional ownership allows you to invest any amount, making premium whisky casks accessible to a broader range of investors.

Can I sell or trade my whisky cask tokens?

Yes, you can easily sell or trade your whisky cask tokens on the DigiCask platform. The blockchain ensures secure and transparent transactions, and the fractionalized nature of the tokens provides liquidity, allowing you to exit or adjust your investment as needed.

How are profits distributed to investors?

Profits from the appreciation of the whisky in the casks are automatically distributed to token holders based on their ownership percentage. Smart contracts handle this process, ensuring a fair and transparent distribution of returns.

Is DigiCask regulated?

Yes, DigiCask operates in compliance with regulatory standards. The platform implements Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to verify user identities and prevent illicit activities.

What information is recorded about each whisky cask?

DigiCask records essential information about each whisky cask, including distillery details, age, and other distinctive features. This information is crucial for creating a comprehensive digital representation of the cask and providing transparency to investors.

How do I get started with DigiCask?

To get started with DigiCask, you can sign up on the platform, complete the necessary verification processes, and browse the available whisky casks for investment. Once you find a cask that fits your investment preferences, you can purchase fractional ownership through the platform.

Are there any fees associated with using DigiCask?

DigiCask charge fees for certain transactions or services. These fees will be transparently communicated to users, and details can be found in the platform's terms of service.

What happens if I want to liquidate my investment?

If you decide to liquidate your investment, you can sell your whisky cask tokens on the DigiCask platform. The fractionalized nature of the tokens provides flexibility, allowing you to exit your investment easily.