Curio: Bringing Collectibles into the Digital World
The advent of blockchain technology is a blessing to humanity. How lovely would it have been if everyone knows and realizes the potential embedded in? However, despite the limited knowledge the world has about it, it has been used to make a lot of accomplishments, which if further harnessed, most especial by developing and underdeveloped world, it can bring about rapid development, let alone making its full utilization by developed countries. The beauty of this technology is that it has been used and it is still being used as a means to earn money, which a lot of them depend on it as a source of livelihood. Do you now see why i said it is a blessing to humanity? Nonetheless, it has experienced a lot of setbacks, criticisms, which is common to everything that has tremendous potentials. It also happened when the internet came into existence. In spite of all, a lot of those who criticized it are now the ones using it.
Just as stated earlier, for the past decade, people have started earning through it, but the vast majority of people in the world are still looking and in search of how this is done. Even those who have other sources of livelihood are also trying every means possible to explore it. Amazingly, so many projects have been launched in the crypto space for this purpose, in which few of them are genuine and can be seen to portray then the true essence of this technology. Projects like this are also difficult to find, but i have always made it a point of duty to always ensure that whenever I find such rare gems in the crypto space, my audience, followers and other enthusiasts should get to know about it. For this reason, I will be introducing to you breathtaking project called CurioInvest.
What is CurioInvest?
Curioinvest is a Swiss Confederation and Lichtenstein Region-based project, which creates an enabling environment for everyone, not minding their class and status to invest in rare collectable vehicles. Owing to this, the project will be launching a web-based platform powered by blockchain technology which enables investors from all works of life to buy security tokens backed directly by edition collectable cars. It has however been a good architecture that the tokens from this platform, which are obtained by investors, will give the opportunity to share in the profits made, as the value of the vehicles increase.
Investors are allowed to purchase as many stakes as possible and on different underlying vehicles. Investors are allowed to make a purchase as little as $500, which eliminates the barrier to enter into collectible car or vehicle markets.
Problem Identified
According to the Knight Frank Luxury Investment Index, over the 10 years up to Q2 2018, collectable vehicles offered a return on investment of 289%. The asset class outperformed all other alternative investments under review over this period, including coins (182%), wine (147%), jewellery (125%), and watches (73%).
Despite the size and attractiveness of this asset class, only a small group of elite investors have had the resources necessary to overcome the barriers to entry to the market:
Restricted access: Many collectable cars are not sold on the open market. Limited edition collectable vehicles are manufactured in such small numbers that limitations are placed on who can purchase them. To be eligible to purchase such a vehicle, prospective buyers usually need to demonstrate that they have owned multiple other vehicles of the same brand. Also, membership of an owner’s club or vintage fan group may be a prerequisite for purchase.
High capital requirement: the most valuable and lucrative collectable cars have high initial purchase prices. Once purchased, the vehicle needs to be insured, stored and maintained, incurring additional costs before a profit can be realized. While economies of scale could play a role in reducing such costs, they are rarely leveraged in the industry at present.
Expertise: Assessing the provenance and value of a car requires specialist knowledge. This is particularly important when a car is bought on the secondary market, as the vehicle needs to be inspected by an expert mechanic and all documentation needs to be verified.
The barriers discussed above preclude the majority of investors and car enthusiasts from participating in the collectable car market. Even for wealthy investors, however, the current market features high transaction costs and limited options for diversification:
High transaction costs: Transaction costs are driven by two main factors - non-transparency and illiquidity. For each vehicle, prospective buyers need to conduct a costly due diligence process to verify the provenance of the car. The lack of transparency in the existing market erodes trust, meaning that documentation needs to be independently verified. Besides, collectable cars are often sold at auctions or through private sales, which makes it difficult to accurately ascertain the current market value of a vehicle. Ultimately, this leads to an opaque, illiquid market, hurting both buyer and seller.
Limited diversification: A collectable car has to be purchased outright, which is in stark contrast to most other asset classes where fractional ownership is possible. Even relatively affluent investors cannot afford to own many collectable vehicles and are thus exposed to greater risk due to the low degree of diversification.
Besides, the CurioInvest platform will greatly simplify the investment process – investors can register and purchase tokens online, while CurioInvest Invest manages the purchase, maintenance, insurance and sale of the vehicle, likewise as all connected administration and work.
The CurioInvest team has a proven track record of profitably trading investment-grade cars at Mercuria Helvetica AG and has access to a pipeline of over 500 rare, collectable vehicles. Besides, CurioInvest has partnered with Mechatronik GmbH to store and maintain the vehicles.
The CurioInvest Invest platform will bring unprecedented transparency, security and liquidity to a market that was previously only accessible to elites. Ultimately, CurioInvest aims to become the Nasdaq of collectable vehicles, hosting an exchange where automotive security tokens can be traded in near real-time.
Why Choosing CurioInvest?
CurioInvest is well-positioned for the following reasons:
CurioInvest is not starting from scratch. CurioInvest’s sister company Mercuria Helvetica AG has developed lasting relationships with many top-tier automotive companies including Pagani, Ferrari and Mercedes-Benz. Thus, CurioInvest has access to a pipeline of over 500 rare, collectable vehicles, ensuring exclusive investment opportunities from day one.
CurioInvest has developed a tried-and-tested operational model to manage the entire life cycle of an automotive investment. CurioInvest has established contacts with car maintenance companies, insurance companies and tax-free physical storage providers.
CurioInvest has established legal entities in Switzerland and Lichtenstein. Switzerland offers a stable regulatory environment and investor-friendly laws, while the base in Lichtenstein allows CurioInvest to legally sell security tokens throughout the European Economic Area, which comprises all 28 member states of the EU and the three EEA EFTA states Norway, Iceland and Lichtenstein. Switzerland has become a global hub of blockchain innovation, ensuring that CurioInvest will have direct access to the right technical talent to scale the business.
The CurioInvest team and its partners consist of experts with a proven track record in the automotive, IT, financial and investment industries.
ROADMAP
MEET THE AMAZING TEAM
FOR MORE INFORMATION, KINDLY VISIT THE LINK BELOW
White: https://curioinvest.com/
Whitepaper: https://docs.google.com/document/d/16RBxiuPNhG7DkvTx9odzcQvPc9EdTKnmKaohURxrLTA/edit#
Telegram: https://t.me/curiocarQA
Twitter: https://twitter.com/curio_invest