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How does BottledNFT work?
Commonly Asked Questions
What is BottledNFT?
BottledNFT is a whisky marketplace where collectors can buy and sell their whisky and spirits online. We make use of blockchain technology to ensure a seamless process with transparency and efficiency. We maintain possession of all physical whisky and spirits represented by the NFTs listed on the BottledNFT platform, thereby ensuring the authenticity and availability of the underlying assets for buyers.
How does BottledNFT work?
BottledNFT’s digital Tokens represent the rights to redeem a specific quantity of whisky from a cask or bottle. These cask or bottles are stored in our appointed warehouse. The tokens can be purchase or sold on our platform by anyone around the world. Token holders will have the rights to redeem their assets with the token during the redemption period , either by visiting our storage, or through email.
What are the fees involved?
Planet Spirits may charge fees for certain transactions. Any applicable fees will be disclosed to you before you complete a transaction or in the terms and conditions.
What is a BottledNFT Token?
A BottledNFT Token is a digital representation of a contractual right to receive a specified quantity of whisky. It’s like a digital certificate of ownership to the rights to redeem that portion of whisky. It is not an investment, security, or financial instrument.
Can I trade BottledNFT tokens after purchase?
Yes, all tokens purchased on BottledNFT can be traded on our decentralized exchange (DEX) called the “Marketplace”.
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