CaskCoin is a tasty new asset-based cryptocurrency project that is designed to make it possible for you to invest in one of the few assets whose demand never seems to drop — whisky.
Introduced by the North of Scotland Distilling Company, each CaskCoin effectively guarantees ownership of a share in each cask of whisky being nurtured by the company.
The CaskCoin whitepaper describes whisky as an asset which cannot be consumed more than once, therefore giving it a value that increases over time. While this property of whisky is no secret, the fact of the matter is that whisky investing has long been the reserve of the very wealthy.
This is where CaskCoin comes in. By using an asset-based cryptocurrency to let people invest in whisky casks, regular customers can potentially translate their passion for whisky into profits.