Investing in digital currencies was great before the ongoing slump in cryptocurrencies.
In the midst of the surge, a group of Connecticut crypto investors and beer enthusiasts came up with the idea of integrating the local beer community with cryptocurrencies. The idea became the DeFi Brewer’s Alliance, a new group of local brewers aiming to revolutionize the crypto market with its unique crypto token, the DBAT Token.
Alex Zamachaj, one of the co-founders, said: DeFiBrewer’s Alliance “I found that most digital coins and tokens don’t have a concrete and concrete way for people to see where their money is heading. I changed that. I wanted to. “
To understand how the brewer’s alliance works, it’s important to understand what DeFi is. According to the New York Times, DeFi is a short-term decentralized finance. It is an “Internet-native financial system” that acts like a kind of cryptocurrency bank or stock exchange. It is also a cryptocurrency lending platform that works in other ways, such as offering options and derivatives.
Zamachaj likens DBAT tokens to “stocks”. Breweries and their customers invest by buying DBAT tokens and then grow their crypto wallets. Tokens are associated with “DeFi project-oriented brewing” brewed by local breweries within the alliance. Currently, there is one beer that is brewed exclusively for DeFi. It’s a reflection IPA. In addition, the Alliance plans monthly partners to exchange unique recipes with each other.
Oxford’s Black Hog Brewing Company is currently affiliated with DeFi, but said the alliance is considering expanding to one or two Connecticut breweries, not just “small and medium-sized breweries across the country.” rice field.
According to the company, 45% of beer sales go back to repurchasing and “burning” DBAT tokens, increasing their value. An additional 5% of the sales will be donated to the charity. A total of 6,153,420,000,000 tokens are available. This is an ounce of the amount of beer brewed worldwide in 2020.
Pre-sales are limited to DBAT tokens and will be released at a later date.
In recent months, cryptocurrencies have faced a significant setback in the market and are beginning to fall. Bitcoin, which reached a record high of $ 68,789.63 in November, fell by about 70%. Other cryptocurrencies suffer from a similar fate.
Nonetheless, the DeFi team is confident that their model is still profitable, while offering investors minimal risk.
“We believe that the model of earning 45% of profits from beer sales and putting it into tokens can lay a stronger foundation for investors to trust and minimize risk. By the way, beer is very popular. The more volume you have, the more profit you can make and the more money you can return to your tokens, “said Zamachaji. “I don’t think the market will fall forever, but I think it’s near the bottom. It’s time to lay the foundation for tokens and beer, and we’ll be ready when the market recovers.”
As for the future of the alliance, we aim for 24 breweries in 24 states to join the alliance by the end of the first year. At the end of the third year, the Alliance hopes to open a physical store tap room exclusively for Alliance Beer.
“Cryptocurrencies and beer both complement each other because they don’t know the boundaries. They are truly global products with the ability to reach and attract people around the world,” said Zamachaj. increase.
QR code for details on DeFi Brewer’s Alliance.
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