The introduction of security tokens creates many exciting opportunities for companies and teams. An intriguing concept is the HCS Whiskey Fund or HCS token. It’s priced at over $1,500, warranting a closer look at what exactly this project embodies.
The HCS Whiskey Fund Concept
HCS Whiskey Fund or Howard Cai’s Select Whiskey Fund is the first fintech-enabled whiskey fund. But more importantly, it is the first time that users can own a fraction of a barrel of whiskey. Alcoholic beverages can become stores of value or potential investments, and whiskey is no exception. However, this is not what alcohol consumers are investing in.
The HCS Whiskey Fund provides exposure to fine Scotch whiskey as an asset class. Investors can further diversify their portfolios through these lower barriers to entry by splitting ownership. In addition, it is possible to invest in a multi-barrel portfolio that provides increased liquidity through secondary market trading. The property is tokenized in the block chain through a digital asset token offering (DATO).
Like other high-value investments, the HCS Whiskey Fund is primarily aimed at investors with a “buy and hold” mentality. The fund has a stable long-term funding source. In addition, you will benefit from the experience of Howard Cai, as he is SEA’s lead independent bottler.
Additionally, HCS benefits from the Howard Cai Selected brand and its distribution network that encompasses restaurants, casino hotels and duty-free shops. The use of blockchain technology introduces transparency regarding the security token and ensures that all activity is accountable. As an advisor, Howard Cai will bring his expertise in compliance and integrity.
A successful STO and Tokenomics
The team carried out Security Token Offering (STO) for HCS Whiskey Fund between August 1 and September 30, 2021. The project completed its STO with a 100% completion rating, generating $25 million. Participants had to invest at least $70,000 and earn capital in return. The token issuance platform is CryptoSX and HCS uses the ERC-20 token standard.
As the first tokenized whiskey fund in Asia, HSC Whiskey Fund raises the bar for investment in illiquid assets such as whiskey barrels. In addition, the Fund uses a fixed capital structure, which prevents investors from redeeming or withdrawing their interest in the Fund. HSC Whiskey Fund was established as a segregated portfolio under the SPC company in the Cayman Islands.
For STOMarket, HCS Whiskey Fund currently maintains a market capitalization of $39.7 million. That’s a close to 60% increase from the $25 million raised through the security token offering a few months ago. Additionally, the price per HCX remains near $1600, confirming a broader interest in gaining exposure to whiskey as an investment. The tokens were initially sold for $1,000.
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