A wallet is a digital tool for securely storing and managing various assets and currencies on the blockchain.

Yes, all accounts on BAXUS have a unique wallet for for storing and managing your authenticated wine and spirits assets on the blockchain.

All assets are stored in BAXUS's secure, temperature controlled and fire-resistant vault.

We are committed to making buying and selling with us as transparent as possible. Everything we see, you see. All the information we have on an asset is made available to all of our members, even those who don’t buy. We are always here to help, so if you have any questions please don’t hesitate to get in touch at info@baxus.co

No, BAXUS works directly with distilleries or other cask storage facilities for official, safe and secure storage of all barrels.

It depends! Most partners will store their bottles directly in our vault but other trusted partners may store the bottles on site and the distillery or winery.

The BAXUS team does not store any of your personal information other than what you provide in your profile. We only use highly regarded and safe third party for any personal information processing such as credit card payments.

We prioritize the utmost security, maintenance, and insurance of all platform assets to ensure their protection and long-term value. BAXUS' vaults are insured by Lloyd's of London to provide peace of mind for your entire collection

All purchased barrels are stored in a secure warehouse at the distillery or an approved third party facility. Depending on the region, there are different legal requirements and processes in place for barrel owners should they wish to bottle/sell/move their barrel. For more information, please reach out to info@baxus.co

Several distillery and warehouse partners welcome personal visits to inspect your barrel, while samples can usually be shipped upon request and on an annual basis for a small fee. For further details, contact us at info@baxus.co.

This is to have one standard currency across all assets (bottles) and ensure that prices are not impacted by the fluctuation of different currencies. We intend to add support for additional fiat currencies in the future.

Once you have a collection in our vault, intake, storage and insurance is free for your first two years. We charge a one-time fee of $20 per asset for authentication, scanning, and NFT minting. When you sell on BAXUS, we charge a 10% sellers fee with no buyer's premium. Shipping fees and duties are charged only upon redemption.

Every asset on the BAXUS platform is listed in U.S. Dollars (USD).

BAXUS will not provide monthly tax statements or end-of-year tax documents. It is the user's (your) responsibility individually to comply with your local tax laws and seek professional advice if needed. We encourage you to maintain accurate records and consult with a tax professional for any tax-related matters or questions.

We use CoinFlow to securely offramp your USDC into your connected bank account as USD. To connect your bank account and to offramp whenever you'd like, go to your Profile in the top right > Profile details > Billing details. The USD will show up in your bank account in either 3-5 business days, or for a 50 cent charge, within 1 business day.

We partner with crossmint.com to securely process your payment, which means you can pay with credit card, ACH, direct wire, Apple Pay, or USDC.

We charge ZERO buyer's fees. The only associated fee with utilizing the BAXUS mareketplace is the 10% seller's fee which is automatically included in the transaction.

Tokenizing an object is like getting a secure digital ticket that tracks its ownership and provenance. These tokens (NFTs) provide unbroken visibility over their lifetime, publicly following their owner or owners to track provenance and prove ownership. Buying or selling bottles becomes a simple matter of exchanging NFTs, while the corresponding real bottles remain safe in our vault.

If you are interested in having your assets submitted for authentication, storage, and marketplace listing on BAXUS, please email info@baxus.co with the subject line "Submit my collection".

Our users can buy any asset listed on the marketplace. If you have any specific requests or questions as it relates to barrel ownership, you can request a call or email info@baxus.co

Any bottle or barrel asset on the BAXUS marketplace goes through an escrow period to confirm the successful transfer of funds, once the payment is complete, the NFT (and associated ownership) will automatically be transferred to your BAXUS account and the transaction permanently recorded on the blockchain.

The NFTs of the associated bottles are frozen so that they can no longer be traded on any platform. All associated information is stored permanently to the blockchain so you will be able to review the infromation associated with each bottle in perpetuity.

Once you have the asset in your account, you can relist any barrels that you own for resale within the BAXUS marketplace at any stage.

Yes! Authentication and provenance standards are the same for each and every asset listed on BAXUS.

Yes, you can buy a cask! As a BAXUS user, you have exclusive access to cask ownership through the BAXUS Cask Club, offering you the opportunity to own and experience the world of whisky like never before.

The BAXUS Cask Club allows users to participate in cask ownership through Tokenized ownership, a simple and secure process of digitizing barrel ownership.

Our affiliated distilleries and barrel warehousing facilities are reliable cask storage partners, ensuring your cask is securely stored in an insured and regulated cask storage space.

At this stage, BAXUS supports Distillery to Consumer sale. Peer-to-peer and fractional cask ownership are coming soon!

Yes, there is a contract involved with cask ownership. Contracts must be drafted in accordance with relevant state or national laws to ensure security and define the terms of the agreement, providing a transparent and reliable experience for BAXUS users.

All barrels on the BAXUS platform are part of comprehensive agreements that ensure every listed barrel has clear storage terms and insurance for the duration of ownership.

Yes! All distilleries and barrel storage facilities have their own terms (e.g. once per yar) - as they are unique to each facility and brand, those terms regarding sample pulls will be clearly described on each asset.

To claim your barrel NFT, register and authenticate your account on www.baxus.co

At this stage, each barrel on the BAXUS platform can only have one associated account.
Fractional ownership & multiple ownership features are coming soon! (In the meantime, checkout our friends over at Hedgey for info on setting up a caskDAO)

Barrel redemption means that you are removing the barrel from the BAXUS platform to either 1) bottle it and drink it or 2) to move to a non-supported storage facility.

Redemption and NFT burn is free if the barrel/liquid is taken directly from the distillery. Please note that this option is not guaranteed and it will depend on each distiller or storage facility.

Redemption fee is 10% if the barrel is removed from the BAXUS platform to store elsewhere or to bottle.

All marketplace transactions on BAXUS carry a 10% transaction fee paid by the seller (or the redeemer). Buyers who choose to pay with a credit card also pay a credit card processing fee.

All original asset listers will earn a bonus 1% from all future transactions fees that occur on the BAXUS platform until the asset is redeemed from the platform.

Additional costs for bottling and annual storage/insurance may incur over the length of the barrel ownership at the distillery's discretion. BAXUS will always ensure to be as transparent as possible and for any questions on specific assets that you are holding, please reach out to info@baxus.co

Our team of seasoned whisky authentication specialists inspects each asset to verify its contents and integrity. Only authenticated assets are listed on BAXUS, ensuring the highest quality and confidence for our customers.

Once you place an order on an asset, you will have a hold on it until the payment settles. If you pay with USDC or by credit card, the asset will be transferred to your account within 24 hours. Other payment methods may take longer to complete the transfer.

All Elements collection NFTs are minted on the Solana blockchain.

Authentication verifies the integrity of the packaging and content of each bottle and cask on the BAXUS platform utilizing proprietary technology and human experts to ensure their unique identity and authenticity.

Our NFTs provide indisputable ownership evidence for individual sought-after whisky bottles or even entire barrels of whisky. We meticulously safeguard physical assets in secure storage, whether in our vault, or in a bonded warehouse, while enabling seamless digital trading and collection. Each NFT is distinct, publicly visible, and easily authenticated on the blockchain, preventing replication and counterfeiting.

You can trade any NFTs in your BAXUS account on the BAXUS marketplace at any time simply by listing them for sale.

No you do not need a crypto wallet to trade on BAXUS. All NFTs are priced in USD and we offer many ways to pay, including credit card, ACH, wire transfer, and crypto.

You can trade your NFTs on any marketplace that supports the Solana blockchain. We encourage users who are unfamiliar or uncertain about blockchain technology to remain on the BAXUS platform. We will provide additional information and resources for individuals who are interested in porting their accounts into a traditional Solana wallet such as Solflare, Phantom, or Ledger.

Redemption is guaranteed so long as the redeemer is of the legal drinking age within their country & local jurisdiction, compliant to our Terms and Conditions. If either of the above conditions are not met, or BAXUS is not permitted ship to the designated country or region, the bottle will not be redeemed and the NFT (as well as ownership of the physical bottle it represents) will remain with the holder.

You maintain full ownership of the physical asset and digital NFT representation of it so long as the NFT belongs to your account. Once you list your bottle and it has been sold, the physical bottle now belongs to the owner of the NFT.

BAXUS Lending is a groundbreaking solution that transforms illiquid collections into accessible funds through innovative peer-to-peer loans, backed by the strength of institutional lending facilities. This helps BAXUS users to unlock the value of your collectible bottles and casks like never before, enabling them to access funds while their collections appreciate in value.

BAXUS lending is currently in beta testing but we will soon be rolling it out to all qualified users. If you are interested in joining as a lender or as a borrower please let us know here (include form to hubspot)

Both individual bottles and casks as well as entire portfolios or collections can be listed for asset backed loans. Certain terms and conditions apply.

Each approved lender has the ability to offer terms against an asset, it is up to the owner of the asset to determine whether or not to accept the loan and the associated loan terms. For more information, please review the relevant lending site Terms and Conditions directly.

If you default on your loan payments and do not make the necessary payments prior to the expiration of your grace period, as set forth in the initial and agreed upon loan terms, the asset is transferred into the account of the lender. For more information, please review the relevant lending site Terms and Conditions directly.

No, if an asset has an outstanding loan, it is frozen on the BAXUS platform. Only once a loan has been fully repaid can the asset be redeemed, sold, or transformed.

Bottle redemption is the requesting the relevant bottle in your account to be removed from the platform. The associated NFT is submited to BAXUS and voided, so it can no longer be traded. The bottles are either shipped or made available for pickup based on the owner's desired method of redemption. Cask redemption will depend on the location of the cask and relevant regulatory and logistic requirements to be completed. Please email info@baxus.co for more information.

Redemption is guaranteed so long as the redeemer is of the legal drinking age within their country & local jurisdiction, compliant to our Terms and Conditions. If either of the above conditions are not met, or BAXUS is not permitted ship to the designated country or region, the bottle will not be redeemed and the NFT (as well as ownership of the physical bottle it represents) will remain with the holder.

When a set is redeemed, the associated NFT is frozen and preserved in a permanent digital archive.

You can request any of your bottles shipped to you at any point in time. A 10% redemption fee applies to cover authentication, shipping, and warehousing costs; shipping regulations may apply.

If you wish to resubmit a bottle to BAXUS you are welcome to. To ensure the bottle is the same as the original, it will need to undergo reauthentication and grading as well as additional review. You will be responsible for the reauthentication fee but once complete, the original token will be restored (unfrozen) and deposited into your account.

The bottles will undergo the same process as any new bottle to ensure it has not been tampered with while it is outside of BAXUS' custody. It will also undergo another scan to ensure the integrity of the contents and to allow for regrading.

There is a $20 per bottle shipping & handling fee for each bottle that is redeemed off the BAXUS site. The bottle owner will also be responsible for covering any associated shipping fees and optional but recommended shipping insurance (which is typically 2% of the value of the asset).