As per research of several big firms like Delloitte, PWC etc Asset Tokenization is the next big thing and Curio, a defi project is doing exactly that.
Research from deloitte on Asset Tokenization
https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/financial-services/lu-tokenization-of-assets-disrupting-financial-industry.pdfThey are starting with collectibles and especially antique cars first, but more products will follow very soon.These cars aren't normal cars but unique pieces with a story/history/emotions attached and are sold at even $50 - $70 Million+ sometime. The more unique the story attached, the better the price.
Now this is the price of just 1 car and curio aims to Tokenize atleast 500 cars worth 200 Million minimum, with more assets to follow.
It was featured in almost every top media and they announced it live on bloomberg TV with Merj
https://www.bloomberg.com/news/articles/2020-01-31/want-to-own-a-ferrari-now-you-can-through-a-new-digital-token
But Curio is not just about cars, soon they will add more products, provide loan facilities, asset and fund management services etcLet me first give you some history on the project and team Won the award for best Blockchain Startup of Crypto Valley!
Curio made it into the top 3 of the Block Battle TV Show, Korea. This helps them to share prize pool of $10 Million by SBI Investments.
Curio presented at the two EM-Tech events, WEF Davos 2019.
Presented at digital economy trade show, China.
Prsented at Swiss Asset Tokenization Event.
Curioinvest was single swiss finalist at global UBS competition.
CurioInvest was the top pick for TechCrunch’s Disrupt Berlin 2019.
Mentioned in Hackernoon
Among European most active blockchain project
This list is long, they recently got selected top 10 in Venture , and also got nominated for RTS awards etc etc
First thing I will recommend you to go through this , new brochure of Curio. Use any arbitrary email to access ithttps://docsend.com/view/u3m3js7They have everything in place to run this business end to end
500 cars, garages to maintain them, legal approvals, KYC partnership with Trustfractal, fiat investment with bity, crypto with Changelly etc Means all the nitty gritty has been taken care of.The best part is Curio has whoppingly low max supply of only 2 Million and current MC approx of only 220k , so scarcity is huge and I think current prices are lowest for the project.We have a new exchange coming, staking and first car sale going live soon. So all in all, I will say scarcity will show it's magic very soon. Don't Miss.
Curio also recently launched their Defi project :- We are very pleased to introduce an additional utility to our ecosystem: The Curio DAO, the collectables curator DAO built in partnership with Aragon for decentralized tokenization.
The 2008 financial crisis did not prepare us for the 2020 crisis. Recent peaks in volatility, accentuated by record breaking swing prices for Bitcoin or other digital assets highlight the need in Crypto for diversification with asset backed tokens.
CurioInvest.com is pioneering this field, awarded among the first to receive a prospectus approval for a compliant and public STO where investors can acquire car tokens with a proceeds share agreement. However, screening and curating the best collectables remains paramount for bringing competitively priced assets with attractive potential.
At CurioInvest, we’ve developed a proprietary due diligence process that screens the best possible assets through a five-tier system and numerous data sources including online secondary sources and proprietary valuation algorithms. Our valuations are stressed-tested to assess potential value fluctuations. Once the most attractive cars are hand-picked, we want our community to guide in the final choice.
Introducing Curio DAO
The Curio DAO, the collectables curator DAO built with @AragonProject for decentralized tokenization, brings a system to curate the most valuable Assets. The buidl has been soft released this weekend and you can access it here:https://curioinvest.com/labs. The system incentivises cross-collaboration therefore improving scouting for collectables assets through distributed decision making.
How does the Curio DAO Governance Work?
CURV is the Curio DAO governance token. Holding CURV makes you a member of the Curio DAO. Holders are capable of participating in the DAO’s governance votes and proposing votes of their own.
Token holders get to collaborate and vote on the collectable cars, assessment of the assets and more potential use cases.
Governance will follow a funnel of discussion, starting from Telegram, eventually Discord, passing by an upcoming forum and complementing our proprietary collectable algorithm showing new cars in our main site curioinvest.com
Governors of the DAO have incentives to do a good job. In the future, if the members of Curio DAO did a good job, the Tokenized cars get successfully crowdfunded and rewards in the form of car tokens will be collected in the future into a pot, ultimately redeemable by participants in governance. In the future, more complex governance mechanism will be developed for Curio DAO which will include:
• Staking of tokens and rewards
What next?
For those considering joining this ecosystem by exchanging their CUR token for CURV token, more information will be soon released including a video with step instructions and communicated across our social media channels.
For strong technical users, CUR tokens can now be exchanged for CURV tokens through a novel Aragon tool powered by Bonding Curve, which takes place in 2 stages: presale and a trading period unlimited in time. Tokens can be exchanged for existing utility CUR tokens. The initial ratio is 1 CURV = 1 CUR, which is valid during the presale stage. Further, the price of the CURV will be floating, and will depend on supply and demand and will be controlled by the bonding curve formula in the smart-contract of Aragon Fundraising application. To protect members, a refund is provided if the presale does not reach the goal of fundraising. The rewards for the project team will be regular monthly allocations (up to 20,000 CUR tokens per month) from the fundraising pool, as well as a one-time reward after a successful presale stage (15% of the presale goal). The fundraising pool is protected from devastation by a minimum amount that cannot be reduced.
Only 2 Million Max Supply and pretty low MC . Check out further details on CMC about where to buy and all.
