Still in Cask is opening up the dream for many enthusiasts to own spirits early in the maturation process, and then follow the journey as it develops. This was previously unavailable to many people because of the expense of owning a whole cask or the inability to find group of like minded individuals to form a syndicate.
When a distillery offers a cask for sale through Still In Cask it is divided into Cask Shares (equating to a bottle of spirit). The Cask Shares are then issued on the Stellar blockchain. Each customer has an account on the blockchain that will hold their Cask Share purchases. Being on the blockchain means there is a public record of each and every transaction.
It may take many years, but when the spirit has finished maturing, the customer pays any taxes and postage due. The customer then transfers the Cask Share held on the blockchain back to Still In Cask, ready for you to deliver the bottle to them.
Choose the cask, number of shares on offer, and price.... and we'll sort out the rest.
The price you set is the price you get. We add a low platform fee of 4.9% that the customer pays, and show the breakout to the customer.
Sell casks now that have many years still to mature, allowing you to re-invest the cashflow into what you do best, making great aged spirits.
The customer's contract is with you hence you receive the cashflow from the customer directly to your Stripe account the moment the purchase is made.
Provide regular updates on the cask throughout it's maturation, thereby building trust, and encouraging repeat purchases.
We collect duty, postage and addresses on your behalf, so you can concerntrate on bottling and shipping.