LLC "Georgia Cradle of Wine"
4 April 2023
GCWine (GCW) Token is a utility token and will become a bridge between real business and digital world
1. Risk warning and disclaimer of liability
1.1. Georgia Cradle of Wine LLC is a company founded in Georgia, subject to the requirements determined by the legislation of Georgia.
1.2. Please read this Whitepaper carefully to fully understand the risk factors associated with our Project.
1.3. By accessing this Whitepaper in any form whatsoever, you acknowledge and consent to the following:
1.3.1. You have carefully read this Whitepaper;
1.3.2. You have fully understood the information contained in each Paragraph of this Whitepaper;
1.3.3. You expressly and unequivocally consent to the information contained in each Paragraph of this Whitepaper;
1.3.4. None of the provisions of this Whitepaper are vague and/or misleading;
1.3.5. Distribution of GCW Tokens, i.e. Tokenomics.
1.4. Please note that the risk factors described in this Whitepaper are beyond our reasonable control and cannot be foreseen because blockchain, smart contract and the latest generation of the Internet (Web 3.0) are the technologies still being in the early stages of development and undergoing constant evolution. Trading digital assets is a very risky activity that can lead to huge losses. The value of digital assets may be subject to significant fluctuations, because cryptocurrency is not a money issued by any central bank or international organization, and in the vast majority of countries cryptocurrency is not recognized as currency or legal tender, and the majority of digital assets, including cryptocurrencies, are not backed by any other other asset. Due to the mentioned fluctuations, any person making any investment in digital assets may suffer such damage, including financial damage, which may result in the total loss and/or depreciation of the amount and/or digital asset(s) invested by this person. SUBJECT TO THE FOREGOING, WE SHALL NOT BE RESPONSIBLE AND YOU SHALL HAVE NO CLAIMS AGAINST US FOR DAMAGES THAT YOU MAY SUFFER AS A RESULT OF YOU TAKING ANY BUSINESS, INVESTMENT AND/OR LEGALLY RELEVANT ACTION IN CONNECTION WITH OUR PROJECT, INCLUDING BUT NOT LIMITED FOR THE REASON THAT YOU INVESTED MONEY AND/OR DIGITAL ASSET(S) IN OUR PROJECT.
1.5. Use of any information contained in this Whitepaper may cause you harm, including financial harm. We shall bear no liability whatsoever and you shall have no right of claim against us, regardless of whether you have understood all the risks and whether you have read this Whitepaper which is publicly available on our website - gcwine.io.
1.6. Please only buy GCW Token(s) if you fully understand and are willing to bear the risk of losing part or all of the money and/or digital asset(s) you invest in the GCW Token purchase. We shall bear no liability and you shall have no right of claim against us for any damage, including but not limited to financial damage, that you may suffer by investing money and/or digital asset(s) in our Project.
1.7. Please do not carry out transactions related to the GCW Token, including but not limited to purchasing the GCW Token, if you are not informed about the GCW Token and our services. You should also be familiar with the nature and risks of cryptocurrencies and services related to them in general. While carrying out transactions related to the GCW Token, including purchasing GCW Tokens, you must be aware of how GCW Tokens are created, stored and transferred to other person(s).
2. Private key control
2.1. Please transfer BNB only from the wallet, the private key of which you control, and only with the BEP-20 token standard. Under no circumstances should you transfer BNB from any crypto exchange platform (so-called Exchanger) and/or market. This will result in the loss of your tokens at your sole risk.
3. Please do your own research
3.1. We urge you to do your own independent research, including but not limited to addressing professional advisors while assessing the information contained in this Whitepaper and before you make any business, investment or legally relevant decisions and/or carry out actions related to our Project, including the purchase of GCW Tokens. It is your sole responsibility to conduct such independent research and make any decisions and/or take any action based on it.
3.2. We urge you to consult a highly qualified legal advisor when assessing the information contained in this Whitepaper and before making any decisions and/or taking any action relevant to our Project from a business, investment or legal point of view, including nut not limited to the decision to purchase GCW Tokens, because the information contained in this Whitepaper has not been reviewed from a legal point of view by any relevant person and/or body other than our team's legal advisors.
3.3. By carrying out any business, investment or legal action related to our Project, including the purchase of GCW Token, it is implied that you have conducted preliminary independent research on the risks inherent to digital assets, including the GCW Token, and the potential risks associated with digital asset services, including our Services. We disclaim any liability, and you shall have no right of claim against us, for any potential damage you may suffer as a result of your failure to conduct such independent research and/or used our services, including purchasing GCW Token, without understanding the associated risks.
4. Absence of guarantees
4.1. Subject to the Paragraphs 1.3 and 1.5. of this Whitepaper, we do not make any guarantees or make any promises about the success of our Project or any aspect related thereto.
4.2. If the risks specified in this Chapter are realized in practice and any physical or legal person suffers any kind of damage because of this, we shall not bear any responsibility and no one will have any right of claim against us.
4.3. We cannot guarantee that at any point in time the GCW Token will be liquid and/or have a stable market value. Neither can we guarantee that there will be an active, liquid and/or stable market for the GCW Token at any point in time. Furtherrmore, we cannot guarantee that at any point in time there will not be a threat of declining of the value of the GCW Token or its devaluation.
4.4. We cannot guarantee that the GCW Token(s) you own will have any value after the ICO is over and the Token is listed on market(s). Consequently, you may entirely lose your invested money and/or digital asset(s) and you cannot get them back. In this regard, we shall not bear any liaibility and you shall not have any right of claim against us
4.5. Placing GCW Token on any crypto-asset exchange platform(s) (the so-called ‘listing’) and/or trading of the GCW Token by individuals and/or legal entities at such platform(s) shall not be perceived and/or interpreted by you as if the GCW Token has any Advantage over other digital assets. We cannot predict the state of any digital asset market and/or the future value of the GCW Token in such market and make no representations in this regard.
4.6. There is no guarantee that the use of this Whitepaper or any part thereof will bring you any financial or other benefits or ensure that the objectives and/or potential results described in this Whitepaper will be achieved.
4.7. This Whitepaper does not contain solutions to the financial problem(s) of any individual or legal entity, nor should it be perceived and/or interpreted as such.
4.8. Taking any action with respect to the GCW Token, including its purchase, is not and cannot be perceived and/or interpreted as a way to solve the financial problem(s) of any individual or legal entity. Any investment you may make in our Project is solely at your own risk and is solely your responsibility.
4.9. You conFirm and agree that none of our Services and/or the GCW Tokens shall be perceived and/or interpreted by you as if such Services and/or GCW Tokens enable you to obtain any profits or any share of such profits in any way whatsoever, any kind of income in any form or other payments or remuneration.
4.10. We do not promise you in any way, and you shall not make an interpretation as if we promise you in any way to receive any profits or any share of such profits, income, other payments or remuneration in any form whatsoever through any of our Services or any Digital Asset.
4.11. The fact that Georgia Cradle of Wine LLC has a team working on the GCWine Project does not in any way mean that you should buy the GCWine (GCW) Token(s) or make any kind of investment therein.
4.12. We shall not bear any liability for possible fluctuations, reduction and/or devaluation of the value of frozen Tokens, including after placement (the so-called listing) on crypto-asset exchange platforms (the so-called Exchangers), which are given free of charge to our team members and/or our partners and will be frozen for the period of 3 years.
5. Informational nature of the Whitepaper
5.1. Everything you become familiar with via this Whitepaper is for informational purposes only and no one should rely on its contents. We do not warrant the accuracy or suitability of the information provided by this Whitepaper, nor do we take any responsibility for errors or inaccuracies possibly contained therein.
5.2. You read and rely on the information contained in this Whitepaper solely at your own risk. Your use of any information contained in this Whitepaper in any form and/or for any purpose is solely at your own risk and is solely your responsibility.
6. No offering of securities
6.1. Please note that the GCW Token is not a security or any other financial instrument.
6.2. By buying the GCW Token, you are only buying this Token. Your purchase of the GCW Token does not mean that you are acquiring any right(s) to shares of Georgia Cradle of Wine LLC or any of its other assets.
6.3. Any action by Georgia Cradle of Wine LLC related to the GCW Token, including the Initial Coin Offering (ICO) of GCW Tokens, does not constitute an issue or offer of securities and may not be perceived and/or construed as such.
7. No official document, offer, solicitation or advice
7.1. This Whitepaper does not constitute any kind of official and/or legally binding document, including but not limited to a contract, prospectus, memorandum, business plan and/or business presentation, nor can it be perceived and/or construed as such.
7.2. This Whitepaper does not constitute, and should not be perceived and/or construed as, any kind of advice, including but not limited to financial, investment, tax, trading and/or legal advice. For such advice(s), including but not limited to whether to purchase GCW Tokens, you may consult the relevant professional advisor(s).
7.3. The information contained in this Whitepaper is not and will not be any offer, solicitation or advice for you to buy or sell any stock, other security or any other financial instrument, including but not limited to the GCW Token, or any other digital asset or to prefer any digital asset including the GCW Token over another.
7.4. This Whitepaper is not intended to provide you with any service, including investment services, or any advice, including advice on investing in any country or on any territory.
8. Information and statements not issued and/or made by us and/or on our behalf
8.1. No one, including the team members of Georgia Cradle of Wine LLC, is authorized to provide any information or make any statement on and/or outside of our website regarding Georgia Cradle of Wine LLC and/or its business in any form and under any circumstances including publicly (real and/or virtual space), which is not contained in this Whitepaper and/or allows for an interpretation that contradicts any of the provisions contained in this Whitepaper.
8.2. No one, including the team members of Georgia Cradle of Wine LLC, is authorized to make statements on and/or outside of our website directed to physical and/or legal person(s) that will create wrong ideas about the GCW Token to the mentioned persons, including but not limited to the impression as if the price of the GCW Token will increase, leading to the enrichmeent of this person(s).
8.3. If any individual and/or legal entity provides such information and/or makes such a statement, this information and/or statement shall not be considered as authorized by Georgia Cradle of Wine LLC and/or issued and/or made on its behalf.
8.4. You should not rely on such information and/or statement. We shall not be liable for any damages you may suffer as a result of your reliance on such information and/or statements, notwithstanding the warnings in the preceding Paragraphs.
9. Warning about forward-looking statements/visions
9.1. The information presented in this Whitepaper regarding the business of Georgia Cradle of Wine LLC, are future plans. Such information can be, for example, the goals, plans, business strategy, etc. of Georgia Cradle of Wine LLC. Please do not treat the information contained in this Whitepaper as any kind of promise or advice. Forward-looking statements are relevant only as of the date they are made.
9.2. Forward-looking statements involve risks. There is a risk that the forward-looking forecasts will not be realized and, therefore, the visions of the future will not be achieved and fulfilled. Investors should understand that actual results may differ materially (including adversely) from those anticipated by forward-looking statements. In such a case, if you suffer any kind of damage, we shall not be liable in this regard, and you shall have no right of claim against us.
10. Authority to buy the GCWine (GCW) Token
10.1. You are entitled to buy the GCW Token if you are not a citizen or resident of the USA and/or do not have the so-called green card.
10.2. You are also entitled to buy the GCW Token if you are not a citizen or resident of any of the countries listed in the Terms and Conditions of our website (https://gcwine.io/terms-and-conditions/) under Excluded Jurisdictions
11. Restriction on disseminating the Whitepaper
11.1. Please be aware that in certain countries or territories distribution of this Whitepaper may be restricted by and/or contrary to local law. If you still intend to distribute this Whitepaper in any form, you shall be solely responsible for compliance with applicable local and international laws.
12. Miscellaneous provisions
12.1. Georgia Cradle of Wine LLC is a company registered in Georgia and is subject to the requirements determined by the legislation of Georgia.
12.2. You agree to and have no objections to GCWine's plans, goals, visions, roadmap, token distribution (tokenomics) and/or any other similar information that we determine at our sole discretion and that may be contained in GCWine's Whitepaper and/or in any other document and/or information available on our website.
12.3. This Whitepaper can be prepared in/translated into different languages. In case of translation errors/discrepancies and other inaccuracies/inconsistencies between these versions, the Georgian version shall prevail.
12.4. Georgia Cradle of Wine LLC reserves the right to change, edit and/or revise this Whitepaper at any time. Notice of such changes will be posted on GCWine's social media page(s) and channel(s). The updated Whitepaper will be available on our website.
13. What is a utility token?
13.1. As was mentioned, the cryptocurrency GCWine (GCW) created by Georgia Cradle of Wine LLC is a token. Therefore, first of all, it is necessary to briefly outline the difference between a token and a coin.
13.2. A token is a digital unit created on the blockchain of an already existing coin (for example, ETH (ERC-20), BNB (BEP-20)) or on another blockchain. A token does not require its own blockchain. It is created through a special code, a smart contract. GCW Token smart contract address and DEX smart contract address can be found on our website (its main page) - https://gcwine.io/.
13.3. There are different types of tokens, one of the most common of which is the so-called Utility token (literally translated as "usable token"). A utility token provides you with access to a company's products and/or services. The GCWine (GCW) Token is also a utility token.
14. What is the GCWine (GCW) Token?
14.1. GCWine (GCW) is a utility token that will become a bridge between the real business and the digital world. We intend to achieve this, first of all, by exporting and selling Georgian wine abroad, and in the long term - by producing our own wine and engaging in the food business.
14.2. The first two letters (G and C) of the Token name (GCWine) are the initials of our Project name ("Georgia Cradle of Wine"), and "Wine" is included in the token name in its entirety, because wine will be the first thing that can be purchased with the GCWine (GCW) Token. The GCWine (GCW) Token is programmed on the BNB (BEP-20) Smart Chain.
15. Why did we choose BNB (BEP-20) Smart Chain?
15.1. We chose the BNB (BEP-20) Smart Chain because it is sufficiently advanced, affordable and convenient in terms of transfers. Of course, ETH (ERC-20) is one of the leading smart contracts but it is still not efficient enough in terms of payments. That's why we chose BNB (BEP-20) Smart Chain which is actually not inferior to ETH (ERC-20).
16. Why did we decide to create the GCWine (GCW) Token and carry out its Initial Coin Offering (ICO)?
16.1. Ushangi Matiashvili, the founder and CEO of Georgia Cradle of Wine LLC, together with his family, has been involved in making wine using the ancient traditional method since his childhood. He fell in love with winemaking and set himself the goal of creating something with his team that would present Georgian wine and Georgia as the homeland of wine to the world from a completely new point of view.
16.2. The next question was the following: what exactly was the "completely new point of view" mentioned in the previous Paragraph supposed to be? It had to be something innovative, practical and oriented to the near future. These criteria are met by the new technologies - blockchain, smart contract and, in general, the 3rd generation Internet (Web 3.0). This is how the idea of creating the GCWine Project (and thus creating the GCWine (GCW) Token) was born. This choice was also due to the fact that Ushangi also has extensive experience in investing in and trading cryptoassets.
16.3. With the creation of the GCWine (GCW) Token, Georgian winemaking and modern technologies were connected to each other. There are two benefits stemming from this:
16.3.1. Georgian winemaking will be presented globally as being constantly ready for technological innovations.
16.3.2. Integrating new technologies with real business, as is the case with the GCWine Project, is one of the best ways to facilitate the use of such technologies (in this case, cryptocurrencies) in everyday life.
16.4. The next step is to connect the GCWine (GCW) Token to the market and incorporate it into the business to function as a payment token. It is for this purpose that we decided to carry out the ICO. Using the proceeds from the sold tokens, we will be pursuing our favorite activity, winemaking, and simultaneously the GCWine (GCW) Token will be used as a means of payment. It is the payment function of the GCWine (GCW) Token that will be discussed in detail in the next Chapter of this Whitepaper.
16.5. ICO progress:
16.5.1. Start of ICO: September 1, 2022;
16.5.2. Private sales: September 1, 2022 - November 30, 2022;
16.5.3. Public sales: December 1, 2022 - November 30, 2023;
16.5.4. Listing on the market: from December 1, 2023.
17. The payment function of the GCWine (GCW) Token
17.1. The following logical question also arises: why did we create the GCWine (GCW) Token when Bitcoin already exists? The answer comes from the payment function. In fact, Bitcoin has not yet established itself as a means of payment. The reason for this is the high transfer fees. It can be said that Bitcoin has established itself as a kind of digital gold. The first international transaction made with Bitcoin is a good example of this. One programmer said on the forum that he would pay 10,000 bitcoins for pizza delivery. Given that currently the value of cryptocurrencies is much higher, today this pizza would be worth several million dollars, and in the not-too-distant future its price would reach several billion dollars. The above pizza example clearly shows that, despite the original idea, Bitcoin was formed as a way to preserve and increase value, not as a means of payment.
17.2. Considering the previous Paragraph, it is necessary to introduce a token that has a much larger total supply than Bitcoin, costs much less than Bitcoin and has a much lower transfer fee than Bitcoin. Such a token will be accessible to everyone and cheap to use. It will also have a threshold on the total amount, just like Bitcoin, so that the token, unlike the cash, is protected from inflation as much as possible. We plan GCWine (GCW) to be such a token.
17.3. It is also worth noting that, despite the large total number of GCW Tokens, like Bitcoin, the total number of the GCW Tokens is limited. Limiting the total number of tokens serves as a defense against inflation. The large total amount of GCW Token ensures that the price of the Token does not increase excessively. When this goal is achieved, this in turn will ensure that the GCW Token will function properly as the means of payment.
18. Mission of the Firm
18.1. This Whitepaper is not a sales prospectus containing product descriptions and/or terms of purchase. The information in this section reflects only the activities of the Firm.
18.2. The mission of Georgia Cradle of Wine LLC is to introduce and popularize the uniqueness of Georgian wine and Georgia as the homeland of wine to the international community in cooperation with other Georgian winemakers, also the eight-thousand-year-old tradition of making it, which has been transferred from generation to generation.
18.3. To fulfill the mission described in the previous Paragraph, we intend to integrate Georgian wine and winemaking with blockchain and Web 3 technologies. The mission of our Project (GCWine) is to make the company's cryptocurrency, the GCWine (GCW) Token, a means of payment both when buying Georgian wine exported abroad and locally in Georgia. This will help the Georgian wine industry to be prepared to face the near future, when global entrepreneurship will be reorganized on the token economy (tokenomics) model. This way, Georgian wine will become a popular international brand which is constantly ready for implementing innovations.
18.4. We plan to become one of the biggest wine exporters and producers not only in Georgia, but also abroad.
18.5. Many wine producers in Georgia have fully exploited the Georgian market and they are famous at the local level. For such winemakers entering the international market may be a priority. On the other hand, the level of global competition is also different and a lot of work needs to be done to establish oneself at the global market, including planning the marketing strategy. This is where our short-term plans come from. You can learn about these plans in the next Chapter.
19. Short-term plans
19.1.1. Georgia Cradle of Wine LLC intends to help Georgian wine companies that desire to take their products to the international market in order to better introduce the Georgian winemaking tradition and the unique taste of the Georgian wine to other countries.
19.1.2. At the first stage we are planing to start exporting the Georgian wine to European countries. Simultaneously a website will be created through which European consumers will be able to purchase wine as soon as it is delivered to warehouses.
19.1.3. We intend to cooperate only with high-quality wine producers who do not have large-scale production. We are also going to help winemakers to participate in various competitions, improve the quality of wine and increase production.
19.2. Using the GCWine (GCW) Token in the short term
19.2.1. At the initial stage, when the best quality Georgian wine produced by our partners will be sold on the market, you will have the opportunity to buy this wine on our website, specially created for this purpose, with the GCWine (GCW) Token or another adapted coin (e.g.: BNB, ETH, BTC). You will also enjoy a 10% discount on our products if you pay with the GCWine (GCW) Token. If you pay with another adapted coin, you will get a 5% discount. This will simultaneously enlarge the list of cryptocurrency use cases.
19.2.2. In order to expand the use of the GCWine (GCW) Token, when the wine sales website mentioned in the previous Paragraph is launched, you will be able to register on this website and undergo verification with your wallet if you have at least 50,000,000,000,000,000 GCWine (GCW) Tokens in your wallet that have been held by you for at least 6 months. In such a case you will be able to order wine with your own label - you will have the opportunity to purchase wine with a label of your choice and design. The label will also contain all the necessary information required by the law about the particular wine. The manufacturer's name will be specified on the label at the back of the bottle, and Georgia Cradle of Wine LLC will be indicated as the exporter.
19.2.3. The tool for designing the front label in accordance with your choice will be built in the wine sales website. You will be able to open this tool only after undergoing verification with your wallet. As a result of the mentioned verification you will become a VIP user and enjoy this status for one year. After the expiry of this period you will be able to regain the VIP status by re-verifying your wallet in order to prove that you have held the appropriate amount of the GCWine (GCW) Tokens for at least 6 months.
20. Long-term plans
20.1.1. In order to further expand exports to European countries, products will be exported to different continents according to the priorities of the wine market size.
20.2. Building our own factory
20.2.1. One of our long-term plans is to build our own factory. When our plans are realized and we establish ourselves in the international market, we will build our own wine factory. Our highest quality wine will be a synthesis of ancient Georgian traditions and the most up-to-date winemaking methods. All international technological and scientific standards of winemaking and all relevant regulations will be followed and observed.
20.3. Our own shops and restaurants
20.3.1. In parallel with beginning our own wine production, we are planning to open Georgian shops and restaurants in different parts of the world in order to better promote Georgian wine, culture and traditions. Accordingly, it will be possible to purchase products in stores and restaurants along with online sales.
20.3.2. You will be able to take advantage of the best offers and discounts on our products and services. You will enjoy a 10% discount when paying with the GCWine (GCW) Token, and a 5% discount when paying with other cryptocurrencies. This principle will allow us to enhance the circulation of cryptocurrencies and provide people with the opportunity to boldly use cryptocurrencies outside the virtual world.
20.4. Partnership with other businesses
20.4.1. As we achieve our goals, including when our chain of stores/restaurants is up and running, we will be looking to acquire food business partners on a global scale so that you can pay with the GCW Token in stores, restaurants, bars and similar establishments.
20.4.2. Cooperation with partners also includes mutual cooperation in the directions of intellectual and material support and product sales. Such partnership activities will contribute to the growth and expansion of the relevant parties’ businesses. This will also contribute to the enhancement of cryptocurrency circulation.
20.5. Using the GCWine (GCW) Token in the long run
20.5.1. If you prove that you have at least 50,000,000,000,000,000 GCWine (GCW) Tokens in your wallet for one year, you will receive a two-year exclusive right to request making a wine of your choice and taste, blending some of the 525 grape varieties available in Georgia.
20.5.2. A special online tool will suggest what kind of grape combinations can be used to create a new wine, and will also provide you with information on whether the wine you would like to create already exists. The front side of the wine bottle label will have the design of your choice. On the back side of the label all the necessary information about the particular wine will be provided as required by the law; it will also be indicated that the mentioned wine is produced at your order by Georgia Cradle of Wine LLC.
20.5.3. By this time, a special online tool for ordering wine and selecting grape varieties, as well as parameters of the particular order, will be added to the wine sales website (mentioned above). As regards the amount of the order, the price of the products at the time of the order and other important information, you can see such pieces of information on the website under the heading - "Terms and Conditions", along with the development of our company. As the company develops, the Terms and Conditions will change, and relevant notices will be posted on GCWine's social media pages and channels.
21. Matters related to investing in the Project
21.1. Please note that under no circumstances do we ask or offer you to make any kind of monetary or non-monetary investment in our Project. The decision on this matter can be made solely by you, based on your assessment of the relevant information, facts and circumstances. We also do not warrant the success of our Project.
21.2. If you decide to make any kind of monetary and/or non-monetary investment in our Project, only you shall bear the relevant risk(s). We shall bear no liability in this regard, and you shall have no right of claim against us.
21.3. When buying the GCWine (GCW) Token, please transfer BNB only from the wallet the PRIVATE KEY of which you control. Under no circumstances transfer BNB from any crypto-asset exchange platform (so-called "Exchanger") and/or marketplace. This will lead to losing your tokens. We fully disclaim any liability whatsoever in this regard, and you shall not have any right of claim against us.
21.4. Investing in cryptoassets is a very risky business. If, taking into account all the risks, you decide to invest in our Project, which only means buying the GCWine (GCW) Tokens, please only use the amount you are ready to lose.
21.5. Each person will be able to buy maximum 1 BNB’s worth of GCWine (GCW) Tokens without registration on our website (gcwine.io) while registered and verified users will be able to buy maximum 10 BNB’s worth of GCWine (GCW) Tokens.
21.6. Since our Project is large-scale and it is primarily aimed at small and medium investors, we have not set a limit on the minimum purchase amount of the GCWine (GCW) Token. Despite this, when you buy the GCWine (GCW) Token, its amount must not be less than the transfer fee so that the blockchain itself does not cancel the transaction.
22. Tokenomics (i.e. distribution of Tokens)
22.1. Technical characteristics of the token
22.1.1. Name: GCWine (GCW)
22.1.2. Maximum amount: 105 000 000 000 000 000 000 000
22.1.3. Decimal point: 18
22.2. GCWine (GCW) Token distribution
22.2.1. 10% of the total number of Tokens will remain in the Firm’s ownership. These tokens will be locked for a period of 5 years. After the expiry of this time, 9% of these Tokens will be sold gradually in order not to cause fluctuations in the value of the GCW Token, and the proceeds (cryptocurrency BNB) will be used to fulfil the Firm's mission. Eventually the Firm will have 1% of the total number of the Tokens.
22.2.2. 10% of the total number of Tokens will be given as a gift to the employees and business partners of Georgia Cradle of Wine LLC. These Tokens will be frozen for a period of 3 (three) years. Also, active members of the GCWine Community and winners of games will be gifted GCW Tokens that will not be frozen.
188.8.131.52. Out of the mentioned 10%, 97% will be given as a gift to the Firm's employees and business partners, and 3% to active members of the GCWine Community and winners of games.
22.2.3. 80% of the total number of Tokens will be sold: 70% through the ICO, and 10% after the end of the ICO will be listed on decentralized and centralized exchange platforms. Those tokens that will remain after the end of the ICO (if the 70% of the total number of tokens are not sold out within the ICO) will also be listed on the mentioned exchange platforms.
22.2.4. BNB received from the sale of 80% of the total number of Tokens will be distributed as follows:
184.108.40.206. 10% of the BNB paid in return for the sold GCWine (GCW) Token is automatically transferred to the Firm's charity wallet.
220.127.116.11.1. The BNB accumulated in the charity wallet will be sold from time to time and will be used for various charity events and educational projects - on the one hand, we will use this amount to help people in need and, on the other hand - to finance courses that will enhance the knowledge of blockchain and winemaking in the community
18.104.22.168.2. The best graduates of the courses sponsored by us will start cooperation with Georgia Cradle of Wine LLC to work on various crypto Projects. Graduates in winemaking will be employed by our partner wine companies in order to help them increase production and improve the quality of wine. Once the long-term goals are achieved and we complete the construction of our wine factory, the graduates in winemaking will also be employed by us.
22.214.171.124. 10% will be spent on marketing - promoting the Token is important so that as many people as possible learn about our Project and build an active community of supporters around it.
126.96.36.199. 10% will be used to pay the salaries of the staff employed by the Firm, until this is made possible by the profits from the Firm's business;
188.8.131.52. 70% will be used to fulfill the Firm’s mission. This includes various procedures such as obtaining licenses and permits, renting warehouses, importing and exporting wine and other procedures related to certain costs and the achievement of the Firm’s goals.
22.2.5. The price of the GCWine (GCW) Token within the scope of the Initial Offering (ICO) at the stage of private sales was 0.000 000 000 000 000 1 BNB, while at the public sales stage the GCWine (GCW) Token’s price is 0.000 000 000 000 000 16 to BNB.
22.2.6. We have set an upper limit for the purchase of the GCWine (GCW) Token (maximum 1 BNB’s worth for non-verified users and maximum 10 BNB’s worth for verified users). The reason for this is to prevent large investors from manipulating the GCWine (GCW) Token price and to distribute the Token to as many small and medium investors as possible. This is why the GCWine (GCW) Token price is accessible to everyone.
22.2.7. Setting the upper limit of token purchase ensures the decentralization and democratization of our Project. This mechanism compensates for the fact that our Project is somewhat centralized - Georgia Cradle of Wine LLC is a company registered in Georgia, operates in accordance with the legislation of Georgia and, therefore, is subject to a centralized system. As of today, operating within such a centralized system is essential for existing in ‘real world’ and conducting business activities. Thus, setting a token purchase cap enables us to not completely deviate from the idea of decentralized finance (DeFi) which involves making payments independently of central trusted intermediaries.
23. Our Project links
23.1. Project website - https://gcwine.io
23.2. Information about the GCWine (GCW) Token on BscScan website - https://bscscan.com/address/0xd28D5fb268ee98590092748d953e5Ea94BE0A1DE
23.3. Facebook page of the Project - https://www.facebook.com/profile.php?id=100085346490274
23.4. Facebook group of the Project - https://www.facebook.com/groups/gcwinegcw
23.5. Twitter page of the Project - https://twitter.com/GCWine_GCW
23.6. Instagram page of the Project - https://www.instagram.com/gcwine_gcw/
23.7. Reddit page of the Project - https://www.reddit.com/user/GCW1111
23.8. Discord channel of the Project - https://discord.com/channels/991383871121801307/991383872812105799
23.9. Telegram channel of the Project - https://t.me/GCWineGCW
23.10. TikTok page of the Project - https://www.tiktok.com/@gcwinegcw
23.11. Youtube channel of the Project - https://www.youtube.com/channel/UCLJA_0AClWJs49f419Xau4w