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Hello everybody,
I want to make a series of updates to the current topic and an announcement regarding the evolution of our project. We managed to put the BETA version of the presentation website live, and we continue with small changes to the final version. The website can be found below:
Maybe not everyone can understand The Luxury's project, so I'll explain it in a simple way.
What is The Luxury?
The Luxury will be a fractional investment platform set to launch in early 2019. The platform brings potential buyers together to jointly invest in luxury assets. We can say here, March 2019.
There will be a number of categories on The Luxury platform, such as private airplanes, luxury cars, holiday properties, famous paintings or jewels rated as fit for investment.
We take for example a private plane, Hawker Beechcraft 800XP which costs around 1.5 million $. Starting from the category where possible assets are listed, the interested investor must initiate a syndicate, and from that moment, the syndicate remains open until the entire sum is collected but not longer than 31 days. Once the syndicate is started, The Luxury divides the asset into 1000 blocks, each representing a zero point one percent (0.1%) ownership stake. If all 1000 blocks are reserved, The Luxury will then purchase the asset on the syndicate’s behalf. The result is certified and the individual shares are put on the blockchain to be registered and be tradable thereafter.
What is associated experience per block?
In our private plane case, 1 block is equal to $ 1500. At a minimum of 25 reserved blocks, the Book Now button will be activated for the investor profile then he will be able to book flights with that private airplane, subject to availability. Let's not forget, we have the airplane itself as value, we have real experience, and the plane will be included in the business circuit to operate around the world in a private regime that will generate profit which returns to investors.
In the control panel of each member, will be a voting panel for each asset to decide whether the asset remains in the portfolio or can be sold.
What is the role of https://theluxurybank.com?
As an investor on that private plane, he will receive a co-ownership certificate. On the available assets panel, he saw a villa located in Saint Tropez, which he likes a lot, and he want it in his portfolio but for now, he does not have money for other investments. Here we come to help using The Luxury Bank which will block the right to vote and the right to transfer the co-ownership certificate of that private airplane and will credit the wallet by 75% of the previous investment, without affecting your co-ownership.
What is the result?
Now, the investor is a co-owner of a private plane and a villa and can use it in real life depending on the availability and the amount invested. He will receive dividends from both investments that will go to the amortization of the loan. Examples can continue, blockchain technology helps us diversify our work patterns. In the coming days, we will come back with updates, we will announce a series of partnerships and I hope this community will help us, at least with constructive ideas.
Disclaimer
In this topic, messages may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates”, “beliefs”, “estimates”, “expects”, “intends”, “plans”, “seeks”, “will”, and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this topic are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
Best Regards,
I want to make a series of updates to the current topic and an announcement regarding the evolution of our project. We managed to put the BETA version of the presentation website live, and we continue with small changes to the final version. The website can be found below:
Maybe not everyone can understand The Luxury's project, so I'll explain it in a simple way.
What is The Luxury?
The Luxury will be a fractional investment platform set to launch in early 2019. The platform brings potential buyers together to jointly invest in luxury assets. We can say here, March 2019.
There will be a number of categories on The Luxury platform, such as private airplanes, luxury cars, holiday properties, famous paintings or jewels rated as fit for investment.
We take for example a private plane, Hawker Beechcraft 800XP which costs around 1.5 million $. Starting from the category where possible assets are listed, the interested investor must initiate a syndicate, and from that moment, the syndicate remains open until the entire sum is collected but not longer than 31 days. Once the syndicate is started, The Luxury divides the asset into 1000 blocks, each representing a zero point one percent (0.1%) ownership stake. If all 1000 blocks are reserved, The Luxury will then purchase the asset on the syndicate’s behalf. The result is certified and the individual shares are put on the blockchain to be registered and be tradable thereafter.
What is associated experience per block?
In our private plane case, 1 block is equal to $ 1500. At a minimum of 25 reserved blocks, the Book Now button will be activated for the investor profile then he will be able to book flights with that private airplane, subject to availability. Let's not forget, we have the airplane itself as value, we have real experience, and the plane will be included in the business circuit to operate around the world in a private regime that will generate profit which returns to investors.
In the control panel of each member, will be a voting panel for each asset to decide whether the asset remains in the portfolio or can be sold.
What is the role of https://theluxurybank.com?
As an investor on that private plane, he will receive a co-ownership certificate. On the available assets panel, he saw a villa located in Saint Tropez, which he likes a lot, and he want it in his portfolio but for now, he does not have money for other investments. Here we come to help using The Luxury Bank which will block the right to vote and the right to transfer the co-ownership certificate of that private airplane and will credit the wallet by 75% of the previous investment, without affecting your co-ownership.
What is the result?
Now, the investor is a co-owner of a private plane and a villa and can use it in real life depending on the availability and the amount invested. He will receive dividends from both investments that will go to the amortization of the loan. Examples can continue, blockchain technology helps us diversify our work patterns. In the coming days, we will come back with updates, we will announce a series of partnerships and I hope this community will help us, at least with constructive ideas.
Disclaimer
In this topic, messages may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates”, “beliefs”, “estimates”, “expects”, “intends”, “plans”, “seeks”, “will”, and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this topic are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
Best Regards,
I `d say an interesting turn in the development of the Luxury project.
So it will become from the fractional investment platform also a loan platform???
