INTRODUCTION
Great asset class vehincles are not usually acquired easily not to talk of being invested in except one has great elite connection which could make a difference. This class of cars that are only made available to the influencial people have always required great expertise in handling, maintaining and even when they would be stored and unused. That also could cost a fortune with the lot of paper works and administration that is very important. The question that might probably be running through your mind now is if it was possible for others to invest in these class of assets asides the established elite investors, if you ask me, i will say yes, it is possible for anyone to invest in them through the CurioInvest platform which was made to serve this purpose.
ABOUT CURIOINVEST
This is a planned network to make everyone an investor in the valuable and rare cars with lesser capital. This type of investment has been around for a long time but not Essentially popular because of the need to have high capital to be involved in it. It involves making all investors contribute towards the purchase of a vehicle which would be resold to have the profit shared as it grows in value. So for this purpose, it will also involve the insurance of the car, how it can be stored and maintained till the time it will be resold to realise the profit. So the economy has a role to play in this to have the cost reduced and to leverage on the sophistication of tbe Industry.
THE PROBLEMS TO BE SOLVED BY CURIOINVEST
- The high transaction fees that is set purposely to overcome the issue of liquidity and transparency. Then all the elite investors usually had to pay costly due for the processing of car and other documentations that is important to know the asset value at any time.
The lack of invoice for the vehicles limits the diversification process and expose the investors to risks.
Also, the existing investments process usually have need of high skill to know the value of the car and how it can fair in the secondary market. However, the need to acquire such skillful personnel is expensive and adds up to the capital to raise it.
THE STEPS TO INVEST
In this high class asset, investing is done through the following processes;
- First registration to be a user and an investor. This will be done with the email address of such a person and then the identity would be verified to be sure they own the new account setup.
Secondly, the Crowdfunding program that is arranged for the sake of purchasing the car must include the users who are also an investor. They will contribute as they are financiaIly capable and their contributions would be noted so as to receive the proportionate security token later. The campaign are usually made to last for three months before the purchase of the vehicle when the money is complete.
Following this, a certificate that indicates users participation in investments is given before the car is purchased.
After the purchase of the car, the token will be shared in the proportion of contribution to the Crowdfunding and that will be the replacement for the certificate initially given.
The minimum capital needed in this case can be as low as the investors have and not necessarily as high as it used to be. Then after the car resale, the money is shared using the Security token proportion to all investors.
CONCLUSION
In conclusion, as for the partners involved in this platform, they will perform their roles of controlling the activities of the platform with the type of cars needed and ensuring the availability for the investors' sake. As that is done, the goals of CurioInvest would be achieved and the perfect lifecycle formed.
USEFUL LINKS
Website: https://curioinvest.com/
Whitepaper: https://docs.google.com/document/d/16RBxiuPNhG7DkvTx9odzcQvPc9EdTKnmKaohURxrLTA/edit?usp=sharing
ANN Thread: https://bitcointalk.org/index.php?topic=5175820
Telegram: https://t.me/curiocarQA
Twitter: https://twitter.com/curio_invest
Facebook: https://www.facebook.com/Curioinvest/
AUTHOR'S DETAILS
Bitcointalk Username: Dannev
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2317961