Blockchain is an enigma that has been making positive waves since it debuted a decade ago. Now, many industries around the world are striving to have it on board because of the decentralization and other unique features it has to offer. At the core of all its functionalities is the distribution of powers in a manner that cuts off intermediaries and centralized controls.
So, it wasn’t surprising that CurioInvest took the network as the basis of its quest to reinvent the collectible car market. The aim is to make it easier for investors to invest and trade on vintage cars, without depending on the intermediaries that characterized the conventional setting. But, that is not all to the project. Other reasons informed the launch of the CurioInvest platform, and some of those would be discussed below.
*Problems in the Collectible Car Market#
Ideally, about four (4) issues characterize the collectible and vintage market. They are part of the reasons why investors are scared to plow their resources to that end; hence, we would look at them individually.
-The first is the fragmented entry into the collectible market. Instead of operating an open model, the market rather is under the monopoly of a few investors that have more access to the market than the others do.
-The second is the centralized control, whereby investors have to operate through an intermediary. In most cases, that doesn’t augur well because they are either liable to be scammed or may end up paying more when they could have paid less.
-The third issue borders on the collectible cars. As is widespread knowledge, the vehicles in question are vintage and are rare. In light of that, the stakeholders in the industry take advantage of that to increase the amounts each investor would stake on the cars. In the end, the investors would be struggling to pay off the maintenance fees while hoping to make good profits when the vehicles are finally sold.
-Finally, it takes expertise before anyone can succeed in the collectible car market. That is because of the versatility of the vehicles that make it hard for a less experienced investor to identify the car that would generate massive profits after-sales.
HOW CAN CURIOINVEST ADDRESS THESE CHALLENGES?
As stated earlier, CurioInvest takes advantage of blockchain technology to create a unified ecosystem that is tenable for the all-around improvement of the collectible market. Aside from that, it has other features (as would be discussed below) that help cut down the current challenges while expanding the market/industry for the better.
The CurioInvest Business Model
CurioInvest uses a unique business model to actualize its quest to create a uniform approach to investing, trading, and sales of vintage/collectible vehicles. The primary step is to select cars that would generate massive sales when auctioned. Once that is done, the platform then sets up crowdfunding to raise capital for the purchase of the vehicles.
Investors that bought into it would receive security tokens, which are equivalent to the amount they invested or staked in the vehicles. In the end, the CurioInvest platform would then sell the cars and distribute the profits/proceeds among the investors.
Curioninvest is the Future of Collectible Vehicles
It’s worth mentioning that CurioInvest is not a newbie to the collectible car market. It has been in the industry for years. During the time, it was able to collaborate with many stakeholders that would help it in the recent venture into decentralized collectible vehicles.
Hopefully, when fully adopted, the CurioInvest platform would then become a basis for investing and selling collectible vehicles with ease.
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
Telegram: https://t.me/curiocarQA
Facebook: https://www.facebook.com/Curioinvest/
Reddit: https://www.reddit.com/user/curioinvest/
Instagram: https://www.instagram.com/curioinvest/
LinkedIn: https://www.linkedin.com/company/curio-capital-ag/
Author
Bitcointalk username- abake
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2023104;sa=summary
Eth wallet- 0x8402980A0000430c7d4980cE07C49F009bD19ED5