Automobiles are one of the needs that different kinds of individuals need to move around with ease. It’s coming on the heels of the need to save costs on public transportation. Interestingly, there has been a growth in the automobile sector with the continuous manufacturing of different kinds of vehicles. As it continued, then the earlier models of cars that are now termed “vintage cars” began to take the back seat.
Nevertheless, car lovers that are still ecstatic about the previous models of vehicles have started to make a comeback with the proliferation of the numbers of buyers for those vintage cars. One might think that the continuous drive to that end means that the process of acquiring old vehicles is easy. On the contrary, it’s a tough situation that is likened to the survival of the fittest.
CHALLENGES IN THE SUPERCAR INDUSTRY
Supercars, which are also called vintage vehicles or collectible cars, are saddled with many challenges. Those would be highlighted so you can understand the problems in the industry, and how Curio can address those challenges.
Minimum Stake
One of the challenges is the high stake of the vehicles. Ideally, supercars/vintage vehicles cost hundred thousands of Dollars. That means that the minimum amount a potential stakeholder or intending buyer can stake on the vehicles would be too high.
Considering other features in the mix, such as maintenance and likelihood of making profits, it can then be a significant challenge in taking the risk of investing in the vehicles.
Narrow Sales
Understandably, many of these cars are sold through auction. In that instance, the vehicles become the property of the highest bidder. While that is an excellent way to raise funds while selling off the cars in good time, it should also be noted that the procedure for sales is not transparent.
Contrary to the open network that should be encompassing, vintage vehicles are rather sold through narrow, elite networks. That implies the cars are only sold to the super-rich or only select individuals.
Maintenance is High
There’s no denying that the cost of maintaining vintage cars is high. If care is not taken, the investors might end up losing their investments alongside the potential profits they ought to have made.
THE CURIO SOLUTION
In consideration of these challenges, the Curio platform decided to leverage blockchain to bring lasting solutions to the difficulties in the supercars industry. It's worth mentioning that it is not the current blockchain-based project that has limited experience in the chosen niche. Instead, CurioInvest has been in the business of selling collectible cars and has collaborated with notable investors, such as Mechatronik GmBH and Mercuria Helvetica AG.
Generally, the aim is to institute a blockchain-based platform where investors can come in to handpick and invest in selected/favorite collectible cars.
HIGHLIGHTS OF THE CURIOINVEST PLATFORM
So, what is the basis for the project? What are the features we should expect to see on CurioInvest? It’s worth pointing out that the platform operates a 5-model structure for the investment and acquisition of collectible cars.
The first step is to identify the vintage cars that look good to generate massive fortunes or profits after some time. Once identified and after the potentialities have been evaluated, CurioInvest would then proceed to handpick those cars for publication on the platform.
The second step is to seek finance to acquire the chosen cars. Ideally, the financing model is on a crowdfunding basis, where interested investors can contribute/pool funds together. There are two steps to the funding. The first is that the funding would run for three (3) months, which is the maximum timeframe needed to raise the capital. If that were not successful, then the platform would reimburse investors' funds.
If successful, then we get to the third step where CurioInvest would then proceed to distribute security tokens that represent the value of the investors’ investments.
The fourth step is for the tokens to be sent to the dedicated wallets of the investors, which they must have generated when signing up.
The last step is to sell cars. If that were successful as well, then CurioInvest would share the proceeds of the sales to the investors, according to the values of their investments.
Final Words
CurioInvest has just made it possible for potential investors to purchase or trade on collectible cars without hassles. What could be more exciting than having a unified market that comes with fewer risks and limited investments? So, if you’re interested in collectible cars and would want to generate income from that industry, then the CurioInvest platform is the best place to start.
USEFUL LINKS
Website: https://curioinvest.com/
Whitepaper: https://docs.google.com/document/d/16RBxiuPNhG7DkvTx9odzcQvPc9EdTKnmKaohURxrLTA/edit?usp=sharing
ANN: https://bitcointalk.org/index.php?topic=5175820
Twitter: https://twitter.com/curio_invest
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LinkedIn: https://www.linkedin.com/company/curio-capital-ag/
AUTHORS DETAILS
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