Faq

What is Brewer's coin? 

Brewer's coin is a secure and transparent blockchain platform for independent breweries to generate sales and awareness. As a local brewer you would like to share your beers with everyone, and if possible, worldwide. However, most of the beers end up at the local liquor store and with your existing customers. Brewer's coin has been developed to offer a platform on which you can sell your beers worldwide. With Brewer's coin brewers are able to create and sell beers to their worldwide fans.

Why is Brewer's coin built on Blockchain? 

Brewer's coin is built on blockchain to ensure it is a secure and transparent platform on which brewers from all over the world can sell their beers. The founders of Brewer's coin have chosen to use blockchain technology because of the possibilities it offers, specifically the smart contracts that can be built on the Ethereum network.

What is blockchain? 

A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Learn more about blockchain here.

What kind of blockchain is Brewer's coin built on? 

We chose to build our smart contract on the Ethereum Ecosystem. Brewer's coin is an ERC20 token.

What is fiat, or fiat money? 

Inconvertible paper money made legal tender by a government decree.

What is a wallet? 

A wallet is the place where you manage your coins. Most cryptocurrencies offer wallets, and so do we. In our wallet you can view your balance and transactions, transfer coins to other addresses, buy coins with fiat currency and ether and manage your private key.

How many Brewer's coin tokens are there? 

There are 100.000.000 Brewer's coin tokens.

How will the Brewer's coin tokens be distributed? 

The 100.000.000 tokens will be distributed like this:

  • 3.750.000 tokens will go to the first 100 breweries that have enlisted.
  • 10.000.000 tokens will be used as payment pool to ensure there are always enough coins available for beer sales.
  • 20.000.000 tokens will go to the Brewer's coin team.
  • 66.250.000 tokens will be reserved for the ICO and will be sold for €0,01 per coin.
What is the symbol of Brewer's coin token? 

BREW.

What is an Initial Coin Offering? 

ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new token in exchange for Ethereum and/or fiat.

When will the ICO be launched? 

We will launch our ICO when the market is starting an upwards trend, to give many people the possibility to invest in our platform. In the meantime we work hard on other updates, making sure the platform continues to grow.

How many tokens will be offered during the ICO? 

The total of 68.000.000 Brewer's coin tokens (BREW) will be offered for €0,01 per coin.

What is your soft and hard cap during the ICO? 

Our soft cap is € 50.000,00 and our hard cap is € 680.000,00.

How do you allocate your funds? 

The funds will be allocated like this:

  • 50% Marketing
  • 30% Development
  • 10% Administration
  • 10% Buffer
When moon? 

As soon as possible ;) Tell all your friends about Brewer's coin. Our features and the use of the coin on the platform will possibly increase the value of Brewer's coin tokens.

How will the value of Brewer's coin increase? 

It's interesting for investors, breweries and beer lovers to invest in Brewer's coin. Not only by using the Brewer's coin on the platform, but also by listing the token on several exchanges, which will increase the value of Brewer's coin tokens.

What kind of features will be built on the Brewer's coin platform? 

Beer sales, a voting system, advertising and reviews. First, we will focus on the sales of beers on our secure and transparent blockchain platform. Every beer sale will be stored on the blockchain, we will store the amount and type of beer that is sold. That way it is transparent for everyone which beers are popular and how many are sold. After that, we will launch a community voting system. Token holders can use that to vote for new features on the platform. The weight of a vote will be determined by the number of tokens owned by the voter.

Also we are building a coin-per-click model (CPC), so brewers can advertise with tokens on the platform.

And finally, we want to integrate reviews with the blockchain, making it possible for homebrewers and commercial brewers to steer on their quality per batch. Every sale will have a buyer, seller, type and amount of beer. Based on that, only reviewers who bought the specific beer can place a review. This will enable brewers to cater to the needs of their world-wide fans.

What kind of data is stored on the blockchain? 

Initially the transactions will be stored on the blockchain. Every transaction will contain a type and amount of beer. Based on that we will determine who is allowed to review a beer. We want to attach these reviews to a certain type of beer, allowing the breweries to determine the quality of their beers and the demand of their customers.

Who are the founders of Brewer's coin? 

Brewer's coin is founded by Ruud Arentsen, Gerard Oudenampsen and Anne Jans. All three of them are blockchain enthusiasts and Ruud has a few years of homebrewing experience. During a party Ruud told the other two he would like to start a brewery, but wanted to do so at his home. He was looking for a platform on which he could sell his beers, without having to invest a lot. This is how the idea of Brewer's coin was born.

I have enlisted as a brewery, when do I receive my Brewer's coin tokens? 

When the wallet is released, you will be able to receive the tokens in your wallet. We plan to release the wallet mid 2018.

Where will I receive my Brewer's coin tokens? 

The Brewer's coin tokens will be transferred to the address attached to your wallet. You can use an existing Ethereum address or create one via our user friendly wallet.

When will the wallet be released? 

The wallet will be released late 2018. We will inform you about this through our newsletter, socials and Telegram channel.

How can I contact the Brewer's coin team? 

The best way to contact us is via our Telegram channel or by sending an email to our Chief Executive Officer Gerard Oudenampsen: gerard@brewerscoin.io.

How can I contact the Brewer's coin marketing team? 

The best way is to contact our Chief Marketing Officer Anne Jans by email: anne@brewerscoin.io.

Are there any costs attached to joining the platform? 

Enlistment on the platform is and will stay free. We will ask a small transaction fee when you sell a beer via Brewer's coin. Besides that, every transaction on the Ethereum ecosystem will cost a small amount of Ethereum. How much ETH this will be depends on the miner fee of the Ethereum network. We will always inform your customer about this when they want to buy a beer.

Will enlistment on the platform stay free? 

Absolutely. The platform will give you free exposure.

How can you buy beer on the platform? 

You can buy beer on our platform by using our wallet. It is possible to buy tokens from us using Ethereum or fiat.

As a brewer, how will I get paid? 

By selling a beer you will receive Brewer's coin tokens on your address, which can be managed in your wallet. The amount of Brewer's coin tokens will depend on the current market value. When Brewer's coin is listed on exchanges, you can trade your tokens to fiat or other crypto currencies on those exchanges.

How will the beer be shipped? 

After the payment has been processed you can use our shipping module to ship your order with international shipping companies. We are currently negotiating about this with several possible partners. We will keep you informed via our newsletter, socials and Telegram channel.

Will prices of the beers be automatically adjusted to the market value of the token? 

When Brewer's coin will be listed on exchanges, they will determine the current market value. We will adjust our prices according to the current market value of those exchanges. At this moment our smart contract is still in development, so it's not public yet. We will keep you informed via our newsletter, socials and Telegram channel.

What about taxes when exporting beer? 

We are exclusively a blockchain platform and a sales channel allowing brewers to sell beer. We will inform our brewers on the platform to take this into account when determining their pricing. Transactions will be directly between the buyer and seller. The platform is only the facilitator.

We will inform our brewers via our magazine and newsletter about the international rules regarding excise duty and taxes on import and export of beer.

Why do I need ether on the platform? 

Because Brewer's coin tokens are transferred using the Ethereum ecosystem, a small fee is charged for each transaction. This fee will go to the miner processing the transaction. You do not need a lot of ether, that is why we only include a small amount of ether in each order. You are free, however, to enter a custom amount without ether, if you already have enough ether on your address.

How do transactions and fees work? 

Transactions on the blockchain need to be processed by other machines, also called miners. Each transaction will be added to a list, also called the buffer pool. Miners will pick transactions from this pool. After the transaction is processed and confirmed by other miners, the transaction is considered executed. Most miners will pick transactions with a higher fee first. If a transaction has a fee that is too low, chances are it will never be processed. Our system will calculate a fee for you, but it is possible to change this. The actual fee may be lower than the estimated fee.