As we all know, wine market has always been highly competitive market. Especially spirits market has high profits. The total market value of brandy only is about 150 billion, and it still keeps growing.
But no matter in the production process, the circulation process or pricing process, there are some problems:
1. CounterfeitingDue to the huge profit, non-disclosure industry information, fierce competition between numerous companies, nonstandard price and etc lead counterfeiting has been overrun.
2. Value confirmationDue to the non-disclosure information and circulation over the world, when collectors deal privately, contract fraud and nonstandard price problems always do occur.
3. Credit InvestigationThe market lacks a complete system of trading, traceability and credit Investigation. There are also some problems in collection, trust service, circulation, mortgage, trading, and payment parts.
In order to solve the above problems more thoroughly and completely and improve XO's position in the wine market, the XO public chain based on blockchain technology and token logic emerged. It provides a good solution not only in traceability but also in circulation aspects. It is also the only decentralized autonomy and management system that solves many disadvantages in wine global market.
Every bottle of brandy XO in production, delivery, and circulation processes will be completely recorded on the XO public chain. As we all know the block chain is famous for its no tampering quality, these records on XO chain will also be no tampering too. Combined with the physical anti-counterfeiting technology on the packaging, consumers can easily scan or track on XO chain to confirm the source of each bottle of XO, it also helps with avoiding from XO counterfeiting completely.
At the same time, blockchain traceability technology can also help business monitor the circulation in channels and terminals effectively, handle the inventory data precisely, regulate the market scientifically and reduce channel risks. So the XO public chain not only helps consumers identify the authenticity of products, but also it provides a service system for XO manufacturers and investors. In other words, the value and safety of XO collection can be fully guaranteed on XO public chain.
XO will establish a more secure and stable smart system for XO transaction, circulation and collection by basing on the XO public chain. XO smart contract will become popular gradually. Smart contract as we all know is an automatic contract signed in advance by both parties on the blockchain platform.
The XO public chain has completed a global blockchain ecosystem. They cooperated with many brandy estates and logistics companies in France, Germany and other countries. And they try to record the data in production and circulation parts on the chain, enter the blockchain ID on each bottle of XO to form a complete closed loop data supply chain.
XO TokenBased on the characteristics of the system application, XO token will be launched.
The total circulation is 900 million. 11 million base tokens and other 889 million tokens are used for mining.
The ultimate vision of XO is to build a multi-asset interoperable autonomous management system based on the XO industry, build a complete XO ecosystem, and provide a complete decentralized infrastructure for users. With smart traceability system, warehouse management system , payment system and digital asset issuance system, the core objective of XO is to realize interconnection, solve all of the problems completely and complete the confirmation of rights system in the spirits alcohol market!
