As announced in our whitepaper (chapter 5.1) and within the scheduled upgrade of the project, the Italian Wine Crypto Bank (IWCB) will converge in the Crypto World Wine Bank (CWWB) as a section of it. The CWWB, which will be built on Polygon blockchain, combines the guarantees of the blockchain, the flexibility of digital assets and the gold standards of investment-grade world fine and rare wines.
Because of this improvement the IWB token issued by the Italian Wine Bank will be delisted from Latoken Exchange, starting from May 8, 2022.
Holders of IWB tokens will be able at swapping it 1 to 1 with the new token of the CWWB when will be issued (swap period 1 September – 15 November 2022). The new token issued by the CWWB will be redeemable at any stage against fine and rare wines from the main producing countries.
In the meanwhile, the IWB token:
- is still purchasable in OTC transactions at very special advantageous conditions
- is still redeemable at any stage with the wines of the IWCB marketplace
For more information contact us