Several analysts have predicted that the price of Flasko (FLSK) will rally in the coming 18-24 months, but is this token a good investment for retail crypto traders. Read on to find out more about Flasko, including our price prediction and an overview of the platform.
What is Flasko?
In an innovative approach to wine and spirits investment, a new platform, Flasko, was launched in 2022 to offer users the chance to invest in high-end alcoholic beverages using non-fungible tokens (NFTs). The goal is to enable potential investors to purchase NFTs, each representing a certain amount of a bottle or case of alcoholic beverages, that can either be held onto or sold at a profit.
The unique aspect of Flasko’s approach lies in the fractionalization of the NFTs, allowing investors to purchase a part-NFT. This concept is similar to buying a fraction of an ether (ETH) token on a cryptocurrency exchange. Despite the fractionalization, part-NFT holders maintain their investments on the specific part of the tokenized item.
The system’s whitepaper describes the daily monitoring and analysis of the market by their experts to identify the products with the most potential for long-term growth. Flasko offers a range of wines, whiskeys, and champagnes, which are stored in insured and licensed-bonded warehouses.
One of the key features of Flasko’s system is the ability for users to purchase either a fraction or the entirety of an NFT, and have the represented alcoholic beverage delivered to their specified address free of charge. The NFTs represent individual investments or even a basket of various alcoholic beverages. These NFTs and their fractions are tradable via the Flasko platform, allowing users to buy and sell their investments.
Flasko price prediction and ROI
Flasko’s website claims that wine, whiskey, and champagne investments have delivered a 28% return on investment (ROI) in recent years. However, potential investors should conduct their own research to verify these claims and understand the implications for their prospective investments.
It’s important to understand that past performance does not guarantee future results. The value of these drinks could possibly stagnate or decline in the coming years. Therefore, investors are urged to exercise caution and carry out thorough research before committing their funds to such investments.
Every blockchain and blockchain-based network requires its own native cryptocurrency, and Flasko is no different. It features the Flasko token (FLSK), which serves to keep the system operational.
Owners of the Flasko cryptocurrency can use it to purchase the system-created NFTs and stake their Flasko tokens for rewards. Additionally, those holding a certain amount of Flasko, the specifics of which have yet to be announced, will gain access to in-person events.
However, there is ambiguity regarding the blockchain on which the Flasko cryptocurrency is based, making it unclear whether we are referring to the Flasko token or the Flasko coin. While every coin is a token, not all tokens are coins. At the time of writing, we have sought clarification from Flasko but received no immediate response.
The Flasko token is not yet available on the open market but is currently in the presale stage. During the presale, 35% of the total supply of one billion tokens will be up for sale. Other allocations include 12.5% for exchange listings, 17.5% for marketing, and 14% for the development team. Protocol community investments will receive 15%, while 5% goes to platform partnerships, and 0.5% will be directed towards charitable causes. The presale end date remains unspecified.
After the presale concludes and Flasko (FLSK) enters the open market, transactions will incur a tax. Purchases will carry a 7% tax, distributed between marketing (4%), liquidity pool (2%), and token burn (1%). Sales, on the other hand, will have a 14% tax, with distribution to marketing (9%), the liquidity pool (3%), and token burn (2%) intended to maintain a reasonably high price.
In summary
Flasko presents an innovative and unique opportunity to invest in high-end alcoholic beverages via fractional NFTs. Despite the promising prospects, potential investors should conduct their own due diligence and remain cognizant of potential risks. The evolution of Flasko’s business model and tokenomics will certainly be interesting to follow in the coming months.
