Owning a vehicle has a lot of advantages as the owner is at liberty to travel to anywhere at any time. You can wake up and go to work early without necessarily having to wait for public transports at transport terminals. One can even decide to resell it to solve other financial demands when the need arises. Cars come in various brands and classes and their prices tend to appreciate every now and then.
Collectable Car Investment Problems
There are some collectable or classic cars that only the elite in the society can afford and most of these cars are with restrictions. Not everybody is given the chance to buy such cars since it is usually sold to buyers with track records of buying similar brands. Collectable cars are usually expensive and valuable so demand higher investment capital before one can invest in them. Even the costs involved in insuring and maintaining collectible cars are very high. Buying a vehicle requires a lot of processes and scrutinization, especially when buying from a secondary market. One needs to be an expert before he can identify any minor faults and verify the authenticity of the vehicle. Even with those who can afford these collectable cars, transparency and high transaction charges are major hindrances for effective businesses. And also since these collectible cars are usually sold through private sales, the actual market prices are usually difficult to ascertain. Furthermore, unlike other valuable assets, these collectable cars are purchased outright, making it impossible for individuals to enjoy fractional ownership in order to diversify their investment. These and many others are the reason why CurioInvest has come to revolutionalized the collectable car investment.
What is CurioInvest
CurioInvest is a blockchain-based investment platform which is envisioned to make collectable car market accessible to everyone through the tokenization of investment-grade vehicles. Unlike many other blockchain projects, CurioInvest is not new in the system, they already have fully functioning sister companies with long term relationships with top-tier automobile companies, exposing them to variety of collectable vehicles to be invested right from the start. The team behind this project has a good track record in making good profit from investment-grade vehicles, and together with their connections with other automobile companies, they are going to make CurioInvest the world’s leading platform for the purchase and trade of collectible security tokens.
Our Competitive Advantage
The team behind CurioInvest believe that tokenization of these collectable cars will enable everyone, whether the rich or poor, to investment in expensive cars which were initially available to only a few elites in the society. This promotes diversification and also reduces bureaucracy in collectible car investment ecosystem. Tokenization will lead to lower transaction cost as middlemen are reduced.
Our Business Model.
CurioInvest will be able to achieve their aims by first of all identifying a potential classic collectable car for investors on the platform to invest in it. A crowdfunding will then be organized on the platform for interested investors. If the funding ends successfully, the car in question will be purchased and placed in storage with its maintenance partner. CuroInvest will then issue and distribute security tokens to investors in proportion to their investment amount. When the price of the car later on appreciates, the profit would then be shared in proportion to the shareholding. In the same way proceeds are going to be shared if the car is later sold.
Follow the links below to register at our site and read more about CurioIvest:
Website: https://curioinvest.com/
Whitepaper: https://docs.google.com/document/d/16RBxiuPNhG7DkvTx9odzcQvPc9EdTKnmKaohURxrLTA/edit?usp=sharing
Authorship:
Bitcointalk username: Christinebeauty
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2183030
ETH wallet: 0x6c73B2244f00360519E0373d9137eF697434D062