Before the invention of supercars/newer automobile models like electric cars, the likes of vintage or collectable cars have been in existence. It’s worth mentioning that despite the improvements in recent years that caused the growth of the global automobile industry, many car lovers still crave that vintage look. Hence, they go the extra mile to get one or more collectable cars into their garage.
Despite the upsides that come with it, car lovers still have many problems to battle with, concerning the purchase of collectable cars. We’d look at these before considering the feasibility of the solutions offered by Curio.
Problems in the Collectable Car Industry
The first challenge in the collectable car industry is shrouded sales. Only a few of these cars are made public. Instead, only a few investors would be rallied to invest in it. Also, restricted access involves the favoritism of a particular class of people. Ideally, these vintage cars are sold to people that either has such brands before or who have the financial capacity to purchase it.
On the other hand, both investors/buyers and the sellers tend to spend more. That is usually the case when they weren’t able to decipher the right amount to peg on the vehicles; hence, the use of auctions to sell most of them. In the same regard, intending sellers need to have enough funds to start the business.
Third and most importantly, you need to have the expertise to store and maintain the vehicles. It doesn’t matter if you’re a seller or a buyer. Expert storage helps to retain the value of the cars, pending their sales.
How Can Curio Solve the Challenges?
Curio Investment is a platform that aims at fixing most of the problems that currently ravage the collectable car industry. It uses blockchain technology, from which it releases security tokens. Worthy of note is that the security tokens are tied to specific collectable cars. Therefore, by purchasing the tokens, the investors would be able to have a stake in the collectable vehicles when they’re about to be sold.
Why Should I Consider Curio Investment?
Curio Investment is not just a blockchain startup. The company already proved its mettle over the years. Worthy of note is that it had been in the business of trading investment-grade/collectable cars at the Mercuria Helvetica AG. That had given it access to over 500 collectable cars. The company also collaborated Mechatronik GmbH, which provided it with the facility to store and maintain the vintage cars.
Benefits of Using Curio Investment
The blockchain-based investment-grade car, Curio Investment, is not just working on paperwork. It already posited that investors could start investing in their favorite collectable cars with as low as $500. Also, it helps investors to diversify their investments and risks in general by allowing them to invest in many vehicles at the same time. In the end, they would be able to purchase cars that tally with the funds they invested so far.
NEXT IEO PHASE
The next IEO phase is from 3rd to 6th September on PROBIT
Final Words
Collectable cars have high values, primarily when they’re maintained properly. Besides, the risks of entering the market may not be a bad deal if the investors would get Returns on Investment (ROI) in good time.
However, the launch of the Curio Investment blockchain platform empowers investors and dealers alike to buy and trade on collectable cars seamlessly and transparently. Interestingly, the platform has reduced the risk of entering the market with a minimum fee of $500. That is taken to the next level with the decentralization of the platform, which allows everyone to transact in a transparent ecosystem.
visit the links below for more insight on this remarkable project
🌐 WEBSITE
📖 Whitepaper
📣 Bitcointalk ANN thread
🐧 Twitter
💬 Telegram
Writer's info
Bitcointalk username: deodivine1
Profile URL : https://bitcointalk.org/index.php?action=profile;u=1390292
ETH address : 0xd84cD30cCEeA61e6D14D97BdAf22E0a8C55fcF1A