MrBitcor is a company that offers NFTs (non-fungible tokens) that are directly linked to their luxury wine collection. Each NFT corresponds to a physical bottle of wine. Consumers can exchange the digital version for the physical version of the bottle. MrBitcor stores the physical bottles for the consumers and the digital NFT serves as proof of authenticity, verification of ownership, and the right to have the physical bottle delivered. The company uses the Polygon blockchain to ensure the authenticity of the NFTs, and allows customers to purchase the NFTs directly from the brand, ensuring authenticity and providing a secure way for collectors to own and trade wine.
Wine is the perfect investment as the risk is substantially lower than for investments in the stock market. Where share prices may increase one day and decrease the next, wine provides stable returns year after year and rarely decreases in value. Since 2004, Burgundy wines have yielded a return of 803% and Champagne 634% whereas, over the same period, the stock market with a return of 325%, has provided a significantly lower yield. That makes wine a better and more reliable investment than both real estate and stocks.
At MrBitcor, our customers have the option to redeem their digital wine bottles for a physical version at any time through the “NFT Redemption” page. To do so, they simply need to access their collection and select the bottle they wish to redeem. By pressing the “Redeem” button, the digital bottle will transform into an open version of the physical bottle. It is important to note that once the bottle is redeemed, there will be no possibility of return.
When you redeem it you will be asked to enter your shipping address. The user will need to be in full compliance of their jurisdiction to receive the bottle. We will ship your bottle safely using priority and insured mail.
The redeemer will be required to pay shipping and duty fees. These fees are only triggered by redeeming the physical bottle.
When you redeem it you will be asked to enter your shipping address. The user will need to be in full compliance of their jurisdiction to receive the bottle. We will ship your bottle safely using priority and insured mail.
The redeemer will be required to pay shipping and duty fees. These fees are only triggered by redeeming the physical bottle.
MrBitcor’s fee structure is very simple.
Collectors receive 90% of their selling price. The remaining percentage is split between MrBitcor and the Brands.
Our brands ship the bottles directly to MrBitcor secure warehouse in Argentina. This warehouse is bonded, temperature controlled and insured. Storing your own spirits is extremely difficult and expensive so MrBitcor takes care of this for you.
When your bottle sells your account will automatically be credited with the amount of MATIC (Polygon). https://metamask.zendesk.com/hc/en-us/articles/360028141672-Direct-deposit-receive-tokens-to-your-MetaMask-wallet At this time all sales require the seller receiving MATIC(Polygon). If you wish to have a wire sent to you, reach out to [email protected]
We ship to countries where it’s legal. Check terms and conditions to see the full list of countries. All of our packages ships with insured priority mail covered by the buyer.
We are launching with wine, however we are well-connected across the spirits industry and will be adding more brands in other rare spirits including whisky, rum, and vodka in the future.
If you sell your digital bottle on the marketplace the bottle will automatically be transferred to the buyer. All of this is documented and can be viewed on Polygon Scan as well as the MrBitcor website. The value of the sale in MATIC will automatically be added to your Polygon wallet that you connected. The bottle will no longer appear on My Collection page and you will not be able to redeem it, gift it or sell it.
Once you have purchased a bottle on MrBitcor, you can always view it on your MetaMask and OpenSea account. From there, you can gift it to a friend, list it for sale, redeem it for the physical bottle or hold onto it for value preservation. If you haven’t yet connected your MetaMask wallet to MrBitcor, we recommend doing so to complete the transfer of any bottles to your own wallet.
Other users can also auction for your bottle, even if it is not for sale.
To sell your bottle purchased on MrBitcor, you must access your account on MetaMask or OpenSea, find the bottle you wish to sell and select the option “Sell” or “List for Sale”. Once this option is selected, you can set a price for your bottle and post it for other users to purchase. Additionally, you also have the option to auction it among multiple interested parties. It’s important to keep in mind that once the bottle is sold, it cannot be recovered.
Customers who purchase digital bottles from the release or through the marketplace have the opportunity to redeem their digital bottle and receive the physical wine bottle. At that point the NFT is modified, which means one digital NFT bottle is exchanged for another digital NFT bottle with open top. The user who redeems the bottle receives the physical bottle shipped to their address for their enjoyment. The customer must agree to MrBitcor’s terms and conditions before redeeming.
Fill in the form for presale KYC. After user passes KYC they will have access to the presale.
MrBitcor uses a multi-stage mechanism for the distribution and marketing of its NFT bottles. These stages include:
It’s important to note that each of these stages can vary depending on the NFT bottle and MrBitcor’s distribution plan. Additionally, some stages may not be available depending on whether the NFT bottle is being sold through an auction or a direct sale.
MrBitcor Artworks are digital collectible items that are designed and created by the MrBitcor team. These artworks are typically 3D-rendered images of wine bottles or other luxury assets, and are minted as Non-Fungible Tokens (NFTs) on the blockchain. Each NFT artwork is unique and verifiable on the blockchain, and can be bought, sold, and traded on various marketplaces. MrBitcor artworks are designed to represent a physical asset, such as a bottle of wine, and are intended to be used as a form of luxury collectible and investment.
To use MetaMask and add the Polygon network, follow these simple steps:
It’s important to review MrBitcor’s terms and conditions before making a purchase, as they may vary depending on the type of purchase (whether through a whitelist, pre-sale, sale or auction) and ensure that you meet the necessary requirements to participate in each one. It is also advisable to be aware of the release dates and times of MrBitcor’s limited editions so as not to miss the opportunity to acquire one of these unique pieces.
MrBitCor NFTs are stored on the Metamask, specifically on the Polygon network. Once you purchase an NFT, it will be stored in your MetaMask wallet or other compatible Matic (Polygon) wallet. You can then view, trade, and manage your NFTs from there. It’s important to note that you are responsible for the safekeeping of your NFTs, so it’s recommended to keep a backup of your wallet seed phrase and private key. Additionally, make sure to connect your wallet to the MrBitcor platform to have the ability to transfer the NFTs to your own wallet. It is also recommended to check the terms and conditions of OpenSea, as you may be able to list your NFTs for sale or auction on this platform.
If you don’t have an account on MetaMask and don’t know how to deposit money into your wallet to buy MrBitcor NFTs, don’t worry. You can follow these steps to create an account on MetaMask and transfer funds from Binance to your wallet:
To transfer your MrBitcor NFT bottle to your wallet, you need to follow these steps:
Log in to your OpenSea account associated with your MetaMask account.
Click on the NFT bottle you wish to transfer.
Select “Transfer” on the NFT’s detail page.
Enter the address of your MetaMask wallet or another wallet compatible with Matic (Polygon).
Click “Transfer” to confirm the transaction.
Pay the necessary gas fees to complete the transaction.
Once the transaction is completed, verify that your NFT bottle appears in your wallet.
It is important to note that you are responsible for the security of your NFTs, so it is recommended to make a backup of your seed phrase and private key. Additionally, you should also make sure to connect your wallet to the MrBitcor platform to be able to transfer the NFTs to your own wallet.
Transactions on MrBitCor work through the Ethereum smart contract platform and the Polygon network. When a user wants to purchase an NFT, they must connect to their MetaMask wallet or other compatible Matic (Polygon) wallet and ensure they have sufficient funds, including a bit extra for gas fees.
The user can then search and select the desired NFT on the MrBitcor platform. Once selected, a buy button will be presented. By clicking on the buy button, a dialog box will appear requesting confirmation of the transaction. Once confirmed, the transaction will be recorded on the blockchain and the NFT will be transferred to the user’s wallet.
It is important to note that MrBitcor’s terms and conditions should be reviewed before making a purchase, as they may vary depending on the type of purchase (whether through a whitelist, pre-sale, sale or auction) and ensuring compliance with the necessary requirements for participation in each one.
MrBitcor is a centralized organization that incurs the storage and insurance costs for each bottle (physical product). In order to maintain transparency, the total number of times NFTs are revoked will be listed on the website. To date, this has not occurred. However, MrBitcor reserves the right to revoke an NFT in certain circumstances to ensure compliance and to protect against loss or harm. These include instances where the NFT owner burns the NFT outside of the MrBitcor platform, if the NFT owner violates the platform’s terms of use, or if the wallet containing the NFT is inactive for five years. In these cases, MrBitcor may reissue the NFT, return the NFT to the original wallet, or conduct a “goods auction” and donate the proceeds to a charitable organization. It is important to note that the intention is never to revoke an NFT, but MrBitcor reserves the right to do so in order to protect its own interests and ensure compliance.
For regulatory and compliance reasons, ownership of the NFT does not equate to ownership of the physical bottle. However, ownership of the NFT corresponds to a real physical bottle. These terms are to ensure age control, compliance with shipping restrictions and the ability to democratize access to bottles on the MrBitcor platform. The NFT represents proof of ownership, verification of authenticity, and the ability to request redemption.
© 2022 MrBitCor with Bending Reality Media
