[ANN] Craft Beer Token - CRFT - BSC-token to support the Hospitality Industry

[Miiike]

Hey Miiike,

Yes, that is 100% correct, it even says so in the original post

As a brewer and beverage wholesaler

I am affected.
I might need help if this drags on for another 6 months, but my books are healthy, we have business loans ready that we didn't take up but did sign in the first lockdown, march 2020 (we can take them up untill q4 2021). But I have collegea that aren't that well off, put in all their savings but are still very close to closing. Not many service providers (music/software/...) stopped billing them.

It's for my collegea, the industry and for the great products and experiences they create.


Thanks for that question. Maybe I should have addressed that better in the original post?
Anyway, always happy to clarify

And about finding me, it's a small twitter chain but if you want you'll find me (send me a DM if you do  :p  ) 

Ahh... no, I think the description is quite clear. I was just a bit confused because on the next post, you said you have a day job, that seemingly rather took your time and hinders you from finishing website and whitepaper soonest possible. I got confused because it implies you are not that... jobless and/or greatly affected by covid, because you're still employed. The second implication was, of course, that you have an at least steady source of income (your paycheck) that probably can be tweaked and managed and budgeted to fit and funds this project yourself (if you're really passionate about it) rather than "borrowing" from people and pay them back with buyback, especially as you're rather concerned with your reputation. I'd love to hear back your insight about this matter.

[CraftBeerTokenBSC]

Hey Kaligramm, Miiike,

First, Kaligramm:
I'd love to go wider on this, will probably do so after the weekend before I release the whitepaper. I have some advisers come up, had to vet some of them (everyone's an adviser these days).

Miiike:
Ah, yes. I get the confusion.
I'm still working in both businesses. As a brewer, I need to have my beers on stock so I have to brew more (8hr/day IF we brew, not that much lately as the demand is very low because the pubs are closed). As a beverage wholesaler, we also have a shop for regular customers. It's open from 9 to 18h. It's not that bussy these days (lockdown + january is a slow month anyway). But I still need to be there and help the customer when he comes. It happens that I'm "free" for 30 minutes, but it also happens that I'm helping customers for 2 hours straight. In between there are times of 5 - 10 minutes between customers.

Both these businesses are heavilly affected. All personel and contracters are home, on government benefits. That extra breathingroom doesn't cover our expenses though and thus, since november I cut my own paycheck with 30% to keep the businesses in a reasonable position.

I'm the sole provider (wife got sent home from her own job, also on government benefits which is 65% of regular income the first year and drops to 40% after that. Since the first lockdown in March 2020) for our household. Me, my wife and 4 kids aged 11, 9, 6 & 1.5

As my businesses are almost breaking even (small loss, but reserves and knowledge of the above mentioned bankloan we *could* take up), I do not need the money from this project. But a lot of my brewing collegea aren't so lucky and a lot of our wholesale business clients (pubs/restaurants) have it even worse.

I know of a few craft brewers that will probably disappear, both close to home and international. I would like to help prevent that.

I've sunk most of my savings into the businesses, most of my crypto is gone to the family account to make sure we get through covid in one piece.
I'd love to put up all the money up front. But crypto and the internet is worldwide. If I offer this project to the hospitality & production industries, I'll need more funds than what I would be able to invest in it myself, that's just the hard truth. Because if this launches and there's a succesfull pub that does takeaway and receives CRFT, wants to enter the buyback program, I can't say: "I can do $xx ever week", he'll want the lump sum as soon as possible, if not directly.

I hope this explains it a bit. If you have further questions, please ask them.
Thanks for all your questions already, it shows I should put forth more information and that there might be blind spots for people looking into this project. This really helps, thanks!

[Miiike]

--snip--
Miiike:
Ah, yes. I get the confusion.
I'm still working in both businesses. As a brewer, I need to have my beers on stock so I have to brew more (8hr/day IF we brew, not that much lately as the demand is very low because the pubs are closed). As a beverage wholesaler, we also have a shop for regular customers. It's open from 9 to 18h. It's not that bussy these days (lockdown + january is a slow month anyway). But I still need to be there and help the customer when he comes. It happens that I'm "free" for 30 minutes, but it also happens that I'm helping customers for 2 hours straight. In between there are times of 5 - 10 minutes between customers.

Both these businesses are heavilly affected. All personel and contracters are home, on government benefits. That extra breathingroom doesn't cover our expenses though and thus, since november I cut my own paycheck with 30% to keep the businesses in a reasonable position.

I'm the sole provider (wife got sent home from her own job, also on government benefits which is 65% of regular income the first year and drops to 40% after that. Since the first lockdown in March 2020) for our household. Me, my wife and 4 kids aged 11, 9, 6 & 1.5

As my businesses are almost breaking even (small loss, but reserves and knowledge of the above mentioned bankloan we *could* take up), I do not need the money from this project. But a lot of my brewing collegea aren't so lucky and a lot of our wholesale business clients (pubs/restaurants) have it even worse.

I know of a few craft brewers that will probably disappear, both close to home and international. I would like to help prevent that.

I've sunk most of my savings into the businesses, most of my crypto is gone to the family account to make sure we get through covid in one piece.
I'd love to put up all the money up front. But crypto and the internet is worldwide. If I offer this project to the hospitality & production industries, I'll need more funds than what I would be able to invest in it myself, that's just the hard truth. Because if this launches and there's a succesfull pub that does takeaway and receives CRFT, wants to enter the buyback program, I can't say: "I can do $xx ever week", he'll want the lump sum as soon as possible, if not directly.

I hope this explains it a bit. If you have further questions, please ask them.
Thanks for all your questions already, it shows I should put forth more information and that there might be blind spots for people looking into this project. This really helps, thanks!

A nice background info, quite detailed and cleared several things. It is inevitably raised one question though. Before moving to the question, just to be sure, this project will fund a group of independent home-industry beer crafters and your role here is as the token creator as well as the representative?  If so, as your job itself is on beverage industry, and that you supplied your beers to umm... places, wouldn't it be more practical if you reach real-world community through (I don't know what platforms currently most popular these days) kickstarter platform where people are perhaps better know your reputation instead of cryptospace?

[CraftBeerTokenBSC]

I've had a bad experience with crowdfunding close to home. I've done an indiegogo for my brewery a few years back and the hatemail and comments I got in my town for being a "beggar" where very stressfull. To the point I stopped promoting the crowdfunding and we didn't reach our goal by a long shot.

The crypto community seems safer in that respect, because they are "used to" ICO, ITO, ...
It has it's own shortcomings ofcourse, with the recent storm of rugpulls (sushiswap to name one). That doesn't distill confidence in anonymous projects. Although a lot of those are still going and doing great (Pancakeswap comes to mind).


I would lead, yes. Both in talks, representing (I'm not taking any of the 10+ offers I get daily on Discord    ) and the basics of the layout. That doesn't mean I wouldn't form a team around me! I'm in talks with some other pieces from the sector, also impacted but believe they can help carry some of the load off of the hospitality industry. From those partners/sponsors I would like to have at least 1 person/business represent this project per continent, so there is a possibility of 24/7 helpdesk for questions/onboarding/KYC-AML, .... Those would also buy some CRFT and have it locked in for a year, to fund the first part of the project.

With the first funds I believe I would probably also like to hire a freelancer to audit the code for some smart contracts. I can code, but more at a novice level, so auditing will be needed.

As talks progress with advisers and potential partners I can already state that the project is considering:
a) Reward system in larger beer and wine webshops
b) Plugin for webshops of registered partners so they can accept our token like a valid means of payment
c) Webapp bridge between the real world (crypto account) and our token; sending tokens there will send BTC/ETH (non-wrapped) to their account instead of giving them wrapped BEP20 tokens that they have to switch out themselves, increasing the possibility to make mistakes (wrong address etc.)
d) Webapp as a Point Of Sale system, so they can collect tokens in person once they are allowed to open again
e) Buyback program only accessable to registerd partners (pubs, bars, breweries, wineries, ....)
f) DeFi, namely lending. We're looking at platforms that already do this and would leverage their power under the hood so we decrease our risk and increase our speed to market
g) Savings, by putting their received tokens into a savings account and funding loans for other businesses there is the potential to earn interest (same as above, with partner)

[Miiike]

I've had a bad experience with crowdfunding close to home. I've done an indiegogo for my brewery a few years back and the hatemail and comments I got in my town for being a "beggar" where very stressfull. To the point I stopped promoting the crowdfunding and we didn't reach our goal by a long shot.

The crypto community seems safer in that respect, because they are "used to" ICO, ITO, ...
It has it's own shortcomings ofcourse, with the recent storm of rugpulls (sushiswap to name one). That doesn't distill confidence in anonymous projects. Although a lot of those are still going and doing great (Pancakeswap comes to mind).


I would lead, yes. Both in talks, representing (I'm not taking any of the 10+ offers I get daily on Discord   ) and the basics of the layout. That doesn't mean I wouldn't form a team around me! I'm in talks with some other pieces from the sector, also impacted but believe they can help carry some of the load off of the hospitality industry. From those partners/sponsors I would like to have at least 1 person/business represent this project per continent, so there is a possibility of 24/7 helpdesk for questions/onboarding/KYC-AML, .... Those would also buy some CRFT and have it locked in for a year, to fund the first part of the project.

I'll have to agree that crypto are better used to ICO, ITO, etc. (which, TBH, basically a fancy name of crowdfunding). Perhaps they'll be less judgmental for "beggar", suppose the project proposed are interesting. With that said, I am sure cryptospace also appreciate background-check-able developer team better than anonymous dev.

Yes, I remember you said you'll be easily found with small research (which, I myself were recently not able to spare some time to do so), but perhaps it'll be better if you directly provide that, it'll be more convenient for investors if they can easily see the team behind the project instead of having to guess.

As discussed previously that you are quite known in craft beer industry, as well as well trusted beverage supplier, I think the identity reveal will actually do you a favor in form of boosting investors' confidence.

[CraftBeerTokenBSC]

Yes, I agree.

Full dox will be on site and in whitepaper/litepaper , availlable soon(tm)
 

[Miiike]

Yes, I agree.

Full dox will be on site and in whitepaper/litepaper , availlable soon(tm)
 

With no intention at all to sounds like someone that's never satisfied and demanded more, but this details will also covers people who joined your team in the (near) future, right? Because on previous post you said about possibility of having a team.

[CraftBeerTokenBSC]

I can't promise to include people/partners who don't have a commitment to the project will be included in the whitepaper.

Once they are teammembers or there is an official partnership, we will publish on all our social channels and on our website ofcourse

[CraftBeerTokenBSC]

smol update

Had a fun filled week.
- Talks every day
- Calls every day
- Meeting every day

weekend: website & whitepaper

the project is shaping up and we'll be ready to hit the ground running once we launch!

[CraftBeerTokenBSC]

smol update:

With more knowledge of the space and a better understanding, we are moving forwards!

Price predictions and fixed ROI will be removed from our plans and we're going to let the free market decide. This will not impact our buyback program but might impact the value of our token if partners opt to turn in their tokens themselves instead of going through our POS dApp, where the tokens will be converted at market value to a stablecoin and deposited into their accounts.

The saving approach will save on transaction costs but the direct method will protect against depreciation of their received tokens. This will be the choice of the partner and will be made flexible within our dApp with standard being the "direct" conversion

[CraftBeerTokenBSC]

ANN only update:

Website & whitepaper are scheduled for next week
Work will also begin on a swap contract, PoS contract & webpage.

The next update will be here, on discord, on twitter and on the brand new website!

[cryelekea]

I think idea of CraftBeer token is very interesting and truly can help the hospitality industry as it has some issues regarding pandemic