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Virtual Bar Start-Up QYK Plans to Use Patented Blockchain Technology to Disrupt the Alcohol Industry, Token Event … – PR Newswire (press release)

SINGAPORE, Feb. 14, 2018 /PRNewswire/ — Virtual bar start-up QYKBAR is aiming to provide consumers with a frictionless “alcohol on cloud” platform to meet the needs of a growing consumer market.The start-up will use a first of its kind blockchain technology, providing you with the opportunity to choose where you can stock, replenish, and hold your favorite alcoholic drinks on the cloud. QYKBAR’s consumers will be able to choose and stock their favourite drinks on the cloud, without having to worry about prices as QYKBAR standardizes this categorically throughout its platform.

With the natural growth of the alcohol market moving at an increasing rate, the industry’s estimated size grew to 1.25 Trillion USD in 2016. The alcohol industry is expected to grow steadily and hit 2 Trillion USD in revenues by the year 2025. The alcohol beverage industry includes producers, wholesalers, and distributors and bar merchants.

Virtual bar start-up QYKBAR aims to disrupt this booming industry with use of its Patented Blockchain technology to provide its consumers with their very own personal bar on the cloud. QYKBAR allows users to choose and stock their favourite drinks on the cloud for consumption at any bar of their choice. Consumers don’t have to worry about high prices as QYKBAR standardizes drinks prices for them across different bar categories. Imagine having your favourite drink stocked on cloud for you, ready wherever you go!

QYKBAR aims to provide a frictionless platform to consumers for stocking alcohol on cloud and consuming it at standardized prices anywhere in the world. Additionally, QYKBAR benefits bar merchants by giving them a platform to manage inventory and gain more customers. Bars can also combine their supply orders with other bars to get bulk rates from suppliers, with no middlemen involved. QYKBAR aims to create world’s first decentralized platform to buy, sell and consume and trade alcohol on the cloud. By connecting bars, consumers, distributors and suppliers through its Patented blockchain technology.

QYK Tokensale

QYK token is used to facilitate these transactions, using the world’s first fully decentralized alcohol buying, stocking and consumption network powered by Patented Blockchain technology making transactions transparent and fully secure. QYK token sale begins February 15th 2018.

Interested parties can take part in the QYKBAR Token Event by visiting the QYKBAR website. Tokensale participants will also receive a lucrative bonus for taking part in the QYK referral program.

QYK is aiming to expand across key regions in APAC by the second half of 2018. Now with online and offline marketing in full swing, they are looking to hire a field team to expand their operations. They are planning for expansions to Australia, Thailand, Indonesia, Japan and the Philippines during early 2019.


QYKBAR is the UBER for the Alcohol industry. We are changing the whole concept of Bar by taking it to the cloud. With QYKBAR, you can choose and stock your drinks on the cloud at low prices and consume at any number of bars and restaurants worldwide. QYKBAR will change your alcohol consumption experience forever!

Join the QYKBAR Token Event by Visiting –
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Follow QYKBAR on Medium – =”” rel=”nofollow” target=”_blank”>
QYKBAR on Reddit –
QYKBAR on GitHub –
Find QYKBAR on LinkedIn –
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Media contact

Name: Anna Bordeaux
Location: Singapore

QYKBAR is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Heineken Performance Trends 2013-2017 – results data

In mid-February, Heineken released its results for 2017. The brewer posted a 5% increase in sales for the 12 months, on a 3% lift in volumes. Here, drinks industry commentator Richard Siddle considers Heineken’s performance over the last five years.

Prohibition Brunch at Bazxar: Roarin’ every Friday, Hozpitality

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DIFC favourite offers weekend celebration to bring in the weekend in style!

UAE, 7th November 2016 – Bazxar offers an eclectic social dining experience in the DIFC, immersing guests on a culinary journey that draws inspiration from South East Asia, Europe and the Americas. Since opening this summer, Bazxar has quickly become a favourite of the fun and food loving Dubai crowd. Bazxar is set to cement its reputation as the place to see and be seen further this winter, with the introduction of its new ‘Prohibition’ inspired Friday Brunch, launching from 4th November.

Not one to follow the crowd, Bazxar puts an up-tempo twist on Dubai’s favorite Friday pastime, dialing up the volume and encouraging the young and young at heart to shake it off. Revisit the decadence of the roaring 20s with an experience that recalls the glamour, pazazz and hedonism of the era that brought us Great Gatsby and the Bright Young Things, whilst remaining wallet friendly and perfect for large groups.

Bazxar’s multi-layered venue lends itself to a relaxed and welcoming meal, with guests encouraged to sit anywhere they choose, from the Dining Room to the Meat District, whilst enjoying a menu that takes in highlights from all kitchens, representing a journey through world flavours. Kick-off the meal with an unlimited supply of starters and entrees, including Crispy Mac-N-Cheese with Homemade Pickled Relish or the sticky and sweet Soy Glazed Chicken. Guests then select one main, to sate appetites and turn the focus towards having a seriously good time.

Whilst food is king, drinks are not far behind, with a bespoke Bloody Mary Station offering dangerously potent libations and the Bazxar cocktail bar serving up an exuberant selection of crafted cocktails, served bootleg style in brown paper bags. Savour the beats from Bazar’s Resident DJ who knows how to turn a gathering into a Gatsby style showdown, setting the atmosphere for some Speakeasy sass.

The prohibition penchant for parting doesn’t end, as from 5pm guests can keep the good times rolling with the Post Brunch Happier Hour, offering ‘two for one’ on selected beverages until 8pm.


Mocktails, selection of juices and sodas

House wine, house spirits and selected cocktails

Luc Belaire Rosé, house wine, house spirits and selected cocktails

Buy 1 get one free on selected house beverages

Bazxar: Gate Precinct Building 4, Dubai, DIFC

Bazxar is an exciting new concept, brought to Dubai by Kunal Lahori’s group, ‘Create Hospitality’, known for its dynamic success with El Sur, Prêt To Go and Meat District. Bazxar takes guests on an inspiring food journey; having painstakingly scoured the globe for all that is under-celebrated. Bazxar opened its doors on the 1st June 2016, and offers the UAE a disruptive approach to dining morning to night, shaking up the industry with a no nonsense approach to fine food and wallet friendly prices.

New tastes, sounds and flavours fire up the imagination, and the deconstructed, industrial interior created by the award winning Bishop Design is the perfect backdrop for the food theatre on display. The interior design features contemporary art with rustic wooden flooring, mesh metal work with brass finishes, and specially designed leather furnishing, complemented by an eclectic mix of textures. Bazxar has already won two design awards.

Bazxar is located in the Gate Precinct Building 4, DIFC and is open for breakfast, lunch and dinner

Sunday- Wednesday 8am-12am

Thursday 8am- 2am

Saturday 12pm – 12am

Instagram: @Bazxardifc | Facebook: Bazxar | Twitter: Bazxar

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