Profiting from Blockchain: How I Flipped Tequila for Big Returns
Investing in Luxury Spirits: A blockchain Success Story
A Surprising Purchase
Standing outside a trendy loft in Brooklyn, I dialed my mother to share the shocking news: I had just spent $2,000 on a single bottle of tequila.
“Are you out of your mind?” she exclaimed, clearly taken aback.
Reader: I assure you, I was completely sober. This was a calculated investment. Just two and a half weeks later, I flipped that bottle for $3,000 — thanks to blockchain technology.
The Exclusive Tasting Event
In early June, I received an invitation from Tzvi Wiesel, co-founder of BAXUS, to attend a private tasting and launch event for Clase Azul. The head distiller guided us through a tasting experience, highlighting the tequila’s notes of apple and showcasing a striking blue and orange bottle inspired by the New York skyline. Attendees were then given the chance to purchase one or two bottles from “The Loft Brooklyn Collection,” which was exclusively available in New York.
Throughout the event, I felt somewhat overlooked as a crypto journalist among a crowd of affluent attendees. However, moments later, I found myself in a stylish back room, greeted by an enthusiastic staff member dressed in black. After snapping a photo with my $2,000 treasure, I entrusted the bottle to Wiesel, who scanned it and uploaded the details to BAXUS’ marketplace powered by Solana.
The Role of BAXUS and blockchain
BAXUS specializes in storing premium liquor in secure vaults for collectors. Each bottle undergoes a 3-D scan and is linked to a non-fungible token (NFT) that can be traded on the BAXUS platform. Transactions are conducted in USDC, and users can easily convert fiat currency through Coinflow. BAXUS charges a 10% fee for sellers. This innovative system allows collectors to trade bottles without needing to physically possess them, and if they wish to enjoy their spirits, BAXUS can ship it for a nominal fee of $25.
I initially listed my bottle for $3,500 but eventually received an offer for $3,000, resulting in a $700 profit after fees. (That’s a 35% return in just a couple of weeks. Why am I not charging for this newsletter?)
The Impact of blockchain Technology
This entire transaction was made possible by blockchain technology.
“blockchain facilitated seamless crypto payments, instant account settlements, and allowed the owner to retain the bottle in a vault while still proving ownership,” Wiesel explained in a message. “Previously, you would have had to physically go to Brooklyn, pay with a credit card, and if you wanted to sell it, you’d need to find a buyer online (often through unofficial channels) and establish trust that you actually had the bottle to send. This process eliminates all that hassle.”
It’s often said that cryptocurrency must address real-world issues. In this instance, it effectively resolved my dilemma of acquiring a limited-edition tequila bottle below its market price. I look forward to encountering this opportunity again in the near future.
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