MTB23 - Vintage Coin Offering
This is the world’s first organic wine-backed cryptoasset
Costaflores is a winery based in Mendoza, Argentina. It is the first winery in the world to issue a wine-backed cryptocurrency asset.
The MTB23 token is an ERC20 cryptoasset for the 2023 vintage. Each digital token represents one bottle of wine produced from the 2023 harvest, available for drinking after May 6, 2026.
What is it
We are selling cryptocurrency tokens that represent actual bottles of wine, made from a specific grape harvest at Costaflores Organic Vineyard. It’s like bitcoin, but for wine!
Why are we doing this?
A) Allow the market to decide the price of our wine
B) Provide complete transparency into our business practices.
C) Generate traceability: Vine -> Wine -> Dine -> Mind
This is our fourth year issuing wine-backed cryptoassets (MTB18 was our first), but we have been making delicious organic wines since 2007
How does it work?
If you have never owned a cryptocurrency,
now is your chance:
1. In March, we pick the grapes from the Costaflores Organic Vineyard.
2. During the months of March and April, we make our wine, blend of Malbec, Petit Verdot, and Cabernet Sauvignon: “Mike Tango Bravo”
3. On the 6th of May, we issue the MTB23 tokens (Vintage Coin Offering), based on the number of bottles of wine produced.
4. When the VCO finishes on the 25th of July, wine tokens are available to buy AND sell on the Viniswap exchange for trading.
5. Three years later, the wines are ready for drinking, and can be redeemed any time online with the MTB23 tokens, until May 2033
For 2023, the initial price of the MTB23 tokens are based on the COST value of the wine. After the 25th of July, we let the market take over and decide the "real" value of our wines.
Initial Requirements Definitions 15 March 2017
Team Consolidation 3 August, 2017
ICO landing launch 27 March 2018
2018 Harvest 2-4 April, 2018
Crowdsale beta testing 21 April, 2018
MTB18 ICO token launch 6 May - 20 May, 2018
Ripio Exchange support for MTB18 5 September, 2018
2019 Harvest 11-12-13 April 2019
MTB19 ICO token launch 6 May - 25 July, 2019
Vinophonics presentation - Sonar 2019 17-18-19-20 July, 2019
Viniswap Exchange launched 13 February, 2020
2020 Harvest April 2020
MTB20 ICO token launch 6 May - 25 July, 2020
Exchange support for MTB20 25 July, 2020
End of sales of non-tokenized Costaflores wines 1 March, 2021
1 March, 2021 2021 Harvest April 2021
MTB21 ICO token launch 6 May - 25 July, 2021
You Drink It, You Own It! 6 May, 2021
MTB 2018 wines available for sale with MTB18 tokens 6 May, 2021
4-5 of April, 2022 Harvest April 2022
MTB22 VCO token launch 6 May - 25 July, 2022
July, 2022 BioDigital Cert launch at EthCC, Paris and Areni, Cape Town
16 - 17 of March, 2023 Harvest March 2023
MTB23 VCO token launch 6 May - 25 July, 2023