CurioInvest Team has placed a community poll into the Curio StableCoin voting system. This community poll is active for 3 days from March 26, 2021.
This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should vote ‘Abstain.’
CGT token holders may vote in this poll to support or oppose burning 5% (5,000,000 CGT) of CGT total supply. This CGT share will be taken from our private sales pool. Burning part of the CGT emission will reduce the CGT total supply.
If the votes for the ‘Yes’ option exceed the votes for the ‘No’ option, then the following action will be taken: 5% of CGT total supply will be burned.
If the votes for the ‘No’ option equal to or exceed the votes for the ‘Yes’ option, then no further action will be taken at this time.
This is a test vote in which we take full control by helping our community.
All upcoming votings will be automatically deployed in the smart contract ecosystem without any human control. You will be able to see how everything works and make proposals by yourself.
It’s a huge responsibility for all CGT holders and a great opportunity to show how far technology can bring us!
On Tuesday night, March 9th, at 6 pm EST, we had a fantastic AMA operated by Bitboy Crypto.
A big thank you to our community and all the entrants for the great questions. Stay curious; the next AMA is just around the corner.
I’m Fernando Verboonen, cofounder of CurioInvest. I’m responsible for vision, strategy, partnerships, and legal. I believe all real-world assets will be digitized. Thus we came to the idea of tokenization of collectible cars and now to the whole CurioDAO.
Where the Idea of CurioInvest came from?
Interesting you ask about this! I picked up the tokenization economy out of an Oxford class when I took a course on art tokenization. You know, there are DeFi applications that let you borrow money by using collateral. However, not everyone has enough crypto to use as collateral…
So the idea was what if one could also split NFT and create “shares” for physical world assets.
Imagine if you ould become a shareholder in a Picasso NFT, meaning you would have a say in things like revenue sharing.
That’s where CurioInvest comes from. This is all happening now.
How did you start from car tokenization and came to such an advanced ecosystem?
As we mentioned, this is an emerging space. NFTs, DAOs, fractionalized tokens are all developing at different paces. But all their infrastructure exists and can work together efficiently because they all speak the same language: cross-chain blockchains.
The tokenization of physical items isn’t yet as developed as their digital counterparts. But there are plenty of projects exploring the tokenization of real estate, one-of-a-kind fashion items, and more.
Will you have an app to make things silky smooth in the future?
We are thinking about it. Our roadmap will be published soon. Stay tuned.
Will you have an early adopter gathering in Switzerland:))
When Corona is over, we plan to gather in Crypto Valley, Switzerland, but now we can organize an online meetup. Who is in, let us know in our community chat, but anyway, we will share the invitations soon
What happened to the MERJ listing? Did you solve the legal issues that you’re facing?
This is a work in progress… As you may expect, the space for security tokens is very young, and things develop rather slowly in the regulated world.
When will other cars in the CT series be listed, and what cars and other assets?
Our team is finishing an integration with Chainlink. We are pretty excited about it. It’s meant to bring real-time valuation to car tokens. Implications are massive. And so is its work.
When can we see the first car?
The great news is that the first car, a rare Ferrari F12tdf, has already been successfully tokenized and stored with Mechatronik in Germany.
This is not a typical parking building. It’s a bonded warehouse with a premier security and climate control system run by former Mechanical engineers.
It is fair to say the new home for the car will be safe!
When art or real estate?
We are focusing on cars. There is a discussion to bring other assets. The legal framework is there, so it is fair to think we can just replicate it.
When will the marketing start?
Pretty much now. We plan to organize more AMAs, YouTube interviews, and influencers among our community to share their opinion louder. Lots are coming. Stay tuned 😉
When will be the distribution of car tokens and listings on security exchanges or capital dex?
From our side, everything is ready. We are waiting for the last approvals, and we will share this big news on our social media. Subscribe to our channels.
Do you have a Swiss license?
We are one of the first players that got regulatory approval on tokenized real-world assets. Talk about FMA — not license. It means the approval for the public sale in a compliant manner.
What is the difference between security assets wrapping and security assets?
We are exploring this topic to bring additional exposure to users.
The idea is that while the tokenized asset is excellent, they need to try across different protocols. People don’t need ownership.
What should a user have to become a validator or a nominator in the Polkadot ecosystem?
To become a nominator, it is desirable to have 5 thousand CGT at stake. And for the validator, it is 25 thousand CGT. Also, to run a validator node, you need to have technical skills in server administration and have your own server or dedicated server. The server is not required for the nominator — only CGT for staking.
What is Quantum Leger?
This is our future solution for the secure generation and storage of Curio Parachain and Ethereum account keys. The Quantum Ledger will be like a hardware device on a chip for quantum accounts key generation. This chip is developed by the Swiss company ID Quantique and uses quantum technology to generate truly random numbers.
What developments are you planning for decreasing Capital Dex fees?
We are planning to integrate a solution from the Skale network into Capital DEX. This layer 2 solutions will reduce gas fees by using a separate Skale network for transactions. Exchange or farming gas fees will be almost zero. The user will only pay the gas fee on Ethereum to transfer their funds to the layer 2 networks.
What is the correlation between Curio and Kusama and other partners? What do you build exactly on Polkadot?
We are building our own Curio Parachain with staking. The CGT will be the base parachain token. We also plan to make it possible to launch Wrapped Security Car-Tokens on our parachain and integrate with such Polkadot-projects as Acala. Curio Parachain will be connected to the Kusama and Polkadot networks when these networks launch parachain auctions. Kusama plans to do this by this summer. We are preparing to participate in the first round of parachain auctions on Kusama.
Will curio participate in the first round of parachain auctions? When does curio expect to be live on the Polkadot network, as well as the Kusama network?
Curio Parachain will be connected to the Kusama and Polkadot networks when these networks launch parachain auctions. Kusama plans to do this by this summer. We are preparing to participate in the first round of parachain auctions on Kusama.
Why is DAO voting so important?
For decentralized governance and an improved StableCoin protocol. To help CGT holders participate in the growth of the Curio ecosystem.
What is Curio Governance Token?
Curio Governance Token is a utility token for managing the Curio StableCoin protocol, just like the base token in Curio Parachain.
Can you please explain how the CURV and CGT tokens will co-exist and what each token can vote on?
The CGT is used to vote on the Curio StableCoin protocol and improve it. For example, adding new Car-Tokens as collateral for Stablecoin. Curio Voting Token is used for voting on other issues, for example, token listing and others.
Can you please explain the reward structure for CURV holders? I note it was previously mentioned that CURV holders would receive car tokens?
We are currently distributing CGT token rewards for owning CURV tokens. We distribute 50 thousand CGT every month.
Will there be rewards for participants in votings etc., to encourage active governance, in the form of CSC, for example?
You get paid in tokens…
When do you launch CGT staking?
We have already launched CGT staking on Curio Parachain, but it will become available to users after the bridge’s launch from Ethereum to Parachain. It is difficult to determine the timeline because there is a dependence on our partner Snowfork and the readiness of Rococo and Kusama to work with bridges. Also, tomorrow we are launching a liquidity mining program for the Uniswap CGT/ETH pool.
Please, how many CGT do a Nominator and validator need to have to stake?
25k CGT minimum for validator node, 5k minimum for nominator staking
Have you considered index tokens so people can have exposure to these assets as a class instead of owning just a fraction of one?
Yes, they are in our roadmap.
If you could rewind time, is there anything that you would have liked to do differently?
We would focus more on the digital world and our community from the very beginning.
What is the correlation between Curio and Kusama and other partners? What do you build exactly on Polkadot?
A: We are building our own Curio Parachain with staking. The CGT will be the base parachain token. We also plan to make it possible to launch Wrapped Security Car-Tokens on our parachain and integrate with such Polkadot-projects as Acala. Curio Parachain will be connected to the Kusama and Polkadot networks when these networks launch parachain auctions. Kusama plans to do this by this summer. We are preparing to participate in the first round of parachain auctions on Kusama. The Polkadot network plans to connect parachains some year after Kusama parachains slot auction launch
As such, the car appreciates in value so does the NFT counterparts?
The NFT represents the car. We can only assume that the value reflects the price of it.
What’s the focus of the now? Build and develop products, win customers and users or partnerships? Are there any plans to burn or block unsold tokens? Control flexibility, cost, and security?
We are working in parallel to develop new products such as Curio Parachain and improve existing ones such as the CurioInvest tokenization platform and Capital DEX. Of course, these tasks are a priority for us. We are also working on marketing, the growth of Curio tokenomics, and partnerships.
Can you explain how your Tokenomics Distribution is? How many tokens be Will minted? And How many tokens Will be locked by the team?
You can find out from the pdf-document. It was attached to the community Telegram channel. But in short, the CGT tokenomics is very community-friendly and allocates 50% of the total supply for rewards.
DeFi and Dapps are two pillars primed to rule cryptocurrencies, what’s your strategy for DeFi and Dapps?
We develop DeFi protocols and DApps to link real assets and cryptocurrencies. Our main vectors for the development of DeFi for real-world assets are AMM DEX, StableCoin tied to security car-tokens using a decentralized provisioning system, and DeFi extensions Polkadot ecosystem to interact with projects like Acala and others to create various interesting cross-chain things. We also plan to generate Index Tokens as an index of collectible cars, which will give investors a simple and diversified portfolio of such a tool.
What is the role of a token in the ecosystem? Where can users currently buy it, and what would be its use?
CGT token is used to control Curio StableCoin protocol through DAO. Its function is to stabilize the StableCoin system using CSC recapitalization (deficit and surplus protocol auctions). The CGT in Curio Parachain is an economic incentive to keep the parachain running (staking incentive). The entire ecosystem will bring real-world assets to DeFi. Now CGT can be bought at Probit, Capital DEX, Uniswap pool (today-tomorrow it will be launched)
There are 3 core issues prevalent in crypto and blockchain: Security, Interoperability, and Scalability. So How Does Your Project plan to overcome these issues?
These aspects fit perfectly with our Curio Parachain and Quantum Ledger hardware solution. Considering the known problems of Ethereum, we are integrating Layer 2 solutions on our Capital DEX smart contracts. We also launched a bridge to the Binance Smart Chain for the CGT token and improving its infrastructure decentralization. This will reduce the gas fee for users when exchanging tokens and increase the speed of transactions.
CurioInvest.com is all set to launch its first parachain that would enable the users holding the native token CGT to stake and be eligible to earn staking rewards. This announcement marks an important milestone in the roadmap of CurioInvest as it helps flourish the lending and borrowing DeFi capabilities of the platform. A cross-based Defi protocol that enables everyone to invest in and profit from high-value assets such as collectible cars, with a target of opening up the collectible car market to millions of new investors.
The CGT token, which is also referred to as the governance token of the Protocol of the Creator, enables holders to cast votes on alterations to be made on the Creator Protocol. It is noteworthy that anyone can bring up a proposal for a CGT vote even without possessing a CGT. The process of Governance creation usually encompasses proposals and executive voting. This guarantees that decisions related to governance are considered, and an agreement is reached before the actual process of voting.
CurioInvest’s team of experts research and source rare, investment-grade collectible cars. The selection is made from an investment point of view where only competitively priced cars with the potential to increase in value over time.
Collectible cars have been consistently among the highest performing alternative asset classes, but up until now, the market was only viable for elite investors. CurioInvest is using blockchain to disrupt the industry, enabling smaller investors to benefit from the collectible car market. It is also an ideal opportunity for crypto investors to diversify their exposure by investing in tokens backed by a tangible asset.
When the car is resold, a user holding certain ownership of the car in the form of a token will receive a profit if the vehicle increases in value. These tokens have a whole ecosystem of their own where users can buy different tokens for ownership in multiple cars, can trade these tokens on the platform, and peer-to-peer market.
Curio Parachain Staking: How it Works
Curio Parachain would make use of Nominated Proof-of-Stake for selecting the validator set. It is designed with the roles of validators and nominators, to maximize chain security. Actors who are interested in maintaining the network can run a validator node. At genesis, Curio Parachain will have a limited amount of slots available for these validators, but this number will grow over time to over one thousand.
The system encourages CGT holders to participate as nominators. Nominators may back up to 8 validators as trusted validator candidates. Validators assume the role of producing new blocks, validating parachain blocks, and guaranteeing finality. Nominators can choose to back select validators with their stake.
The staking system pays out rewards essentially equally to all validators regardless of stake. Having more stake on a validator does not influence the number of block rewards it receives. However, there is a probabilistic component to reward calculations.
Distribution of the rewards is pro-rata to all stakers after the validator payment is deducted. In this way, the network incentivize the nomination of lower-staked validators to create an equally-staked validator set.
CurioInvest Combines DeFi With NFT to Offer the Most Sought After Product
Decentralized Finance (Defi) became the success story of 2020 as its market cap and use cases grow by multi-folds and many even believe it would be the future of banking. On the other hand, NFTs have turned sort of rage in the recent past with a 10-second video encoded on blockchain recently sold for $6.6 million. CurioInvest plans to bring the best of both worlds where it would collect cars on behalf of buyers and convert the ownership into multiple tokens, so multiple users can own a portion of the car.
The blockchain-based tokenization ecosystem with various projects including the Curio StableCoin Protocol (Curio Creator Protocol), the Curio DAO, Curio Parachain (connected to Kusama/Polkadot networks), Capital DEX, and utility tokens CUR and CURV. Also, the Curio Multiple Protocol will be included in the Curio Hybrid System.
Curio Multiple Protocol allows holders of the Curio ecosystem’s tokens to earn rewards when contributing and accessing loans using its various interconvertible tokens, CGT, CSC, CUR, and CURV.
The native token which would be the governance token on the platform could also be used to stake on the parachain and earn a reward on the staked token.
Benefits of Staking On Curio Parachain
If you’re wondering why you should stake CGT tokens on Curio Parachain, you can stop wondering now. Here are some of the benefits you enjoy by staking on the Curio Parachain.
Earn up to 25% in rewards: Stake your CGT tokens and earn up to 25% in rewards for securing the network.
Up to 10% targeted annual inflation rate: Curio Parachain offers an p to 10% annual inflation rate to regulate the value of tokens on the platform.
Up to 60% targeted active staking: Inflation on the blockchain is shared among validators and nominators if up to 60% of CGT is staked.
Certain information contained in here has been obtained from third-party sources, including from protocol on which tech is built. While taken from sources believed to be reliable, CurioInvest has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.
In addition, this content may include third-party entities; CurioInvest has not reviewed such advertisements and does not endorse any advertising content contained therein.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any instrument related to CurioInvest. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by CurioInvest, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.
Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://curioinvest.com/risk for additional important information.
CurioInvest is pleased to announce the Curio Hybrid System, its blockchain-based tokenization ecosystem with various projects including the Curio StableCoin Protocol (Curio Creator Protocol), the Curio DAO, Curio Parachain (connected to Kusama/Polkadot networks), Capital DEX, and utility tokens CUR and CURV. Also, the Curio Multiple Protocol will be included in the Curio Hybrid System.
The Creator Protocol (Curio StableCoin Protocol) is an open-source blockchain network that allows users to mint the CSC stable coin. It is governed by the Curio DAO through the governance token CGT and hosted on both Ethereum and Curio Parachain (connected to Kusama and in the future to Polkadot) platforms.
Curio Multiple Protocol allows holders of the Curio ecosystem’s tokens to earn rewards when contributing and accessing loans using its various interconvertible tokens, CGT, CSC, CUR, and CURV.
CurioInvest wants to open up the collectible cars market to everyone so that more people can invest in and profit from the rarest of luxurious cars like sports cars and race cars.
The goal will be accomplished by launching a blockchain-based crowdfunded and community-based investment model that will open up this market to millions of new investors. Here are some of the advantages of investing in tokenized collectible cars with CurioInvest.
1.Simple Access to Decentralized Finance
CurioInvest offers an online investment platform to investors of all levels to access and invest in high-value assets like rarest cars.
For the longest time, collectible cars have been one of the top-performing alternative asset classes, but have remained mostly accessible to the elite or high net worth individuals. However, with tokenization through security tokens, the asset class can be availed to a broader range of investors.
CurioInvest is introducing blockchain technology to disrupt the collectible cars market. This will also allow crypto adopters to invest in digital assets that are backed by real-world assets.
2.Exposure to More Tokenized Real Assets
The Creator Protocol is working on introducing real estate as the next available real-world-backed digital asset class.
CurioInvest offers efficient services through its Liechtenstein-based crowdfunding structure, which is unique and lean-to to ensure tax efficiency and investment growth.
The use of a decentralized blockchain network that is DAO-governed and hosted on different blockchain ecosystems fosters additional security to investors.
CurioInvest also adheres to FMA’s directives of blockchain technology regulatory compliance.
How Does It Work?
CurioInvest finds the collectible cars, invites investors to share in the ownership, provides asset security, and distributes earnings to investors.
The Creator Protocol has several segments, the Curio Chainlink Oracles that feed it live data, the Stablecoin CGT, a voting system, and the Creator Security Vaults. CGT holders govern the Creator Protocol through their stakes and voting power on the CurioDAO to maintain its solidity, clarity, and efficiency.
The protocol is governed through the DAO model and uses the Curio Governance Token (CGT), a tradable liquid digital asset. Curio DAO, serving the Stablecoin Protocol, allows resolve management issues among the community and make changes to the protocol.
CSC holders can generate new CSC coins by depositing other security tokens in the Creator Vault feature of the Creator Protocol. Once minted, the protocol also allows CSC holders to use their stablecoins as savings and for other miscellaneous crypto purposes.
CGT holders can trade CGT on both centralized (CEXs) and decentralized (DEXs) exchanges and use it to vote on community decisions on the Curio DAO. Curio Chainlink Oracles determine the value of CSC by feeding the CurioDAO live and trusted information from various selected sources of market prices for collection cars.
CT1 is an ERC-20 token on Ethereum that represents the share of the tokenized collectible car by CurioInvest. Using the Aragon DAO platform, CUR token holders may convert CUR into CURV, a utility token which holders can use to decide which car should be tokenized first and also receive various rewards in the future.
In addition to Capital DEX, CUR, and CSC are also available for trading in several pairs on different exchanges.
CurioInvest collaborates with Chainlink to provide the world’s first real-time benchmark price for collectible cars
Vaduz, Liechtenstein; 24 June 2020 – CurioInvest.com, the go-to blockchain platform for tokenized investments in ultra-rare cars, is pleased to announce its collaboration with Chainlink to bring transparency and trust to price valuations for our collection of tokenized vehicles.
CurioInvest uses the blockchain to democratize investment into ultra-rare cars by tokenizing them on the blockchain. Investors can buy “car tokens” which trade like shares and represent a stake in a particular vehicle. The car tokens can then trade on open markets, providing liquidity to typically illiquid markets.
For decades, pricing classic and collector vehicles has been extraordinarily challenging, requiring research for historic provenance and scrolling across auction results to find comparable car values. These challenges keep many potential participants out of the market and result in users having to pay hefty fees to third party evaluators to identify originality and determine the real market price of such assets.
Starting today, CurioInvest is working with Chainlink to challenge the status quo by creating a reliable and neutral price feed for determining the value of ultra-rare, collectible cars. Chainlink is a decentralized oracle network that allows the blockchain to connect to data feeds existing outside the blockchain in a highly secure and reliable manner. CurioInvest will leverage Chainlink to aggregate multiple data feeds into a single trusted valuation, bringing price transparency to each rare car or collectible asset available on our platform.
The benefits are tangible as traders can invest in any of CurioInvest’s car tokens and trade against a reliable benchmark. Having a reliable benchmark will increase market liquidity and decrease slippage, all with the comfort of knowing that originality and prices for rare cars are being sourced by a pool of trusted independent sources.
By combining a Chainlink-enabled benchmark with independent valuations across secondary sources, CurioInvest will bring real-time access to the valuations of collectible cars. This is a world’s first, and a major step towards CurioInvest’s goal of bringing liquidity to non-bankable assets.
This collaboration sets an unprecedented milestone in the world of collectibles, previously known for notoriously opaque pricing. CurioInvest joins the high caliber group of DeFi projects striving to enhance price transparency and liquidity through the use of Chainlink’s secure and reliable oracles, including Synthetix, Loopring, Aave, and DMM.
The CurioInvest ‘Founders Series’ collectible, a 2015 Ferrari F12tdf CT1, has been chosen for the first iteration of the integration: It’s currently in the fundraising round, of which more details can be found here.
Moreover, this integration serves as a valuable stepping stone for greater decentralization of the CurioInvest platform. Some planned features on our roadmap include a distributed collateral pool of digital assets backed by collectibles, which may collateralize stablecoins and even DeFi products such as insurance protection. Such products would significantly rely on various Chainlink price feeds to keep stable and fully collateralized. Having reliable financial products backed by real-world assets could bring substantially more liquidity to collectible car tokens and other rare assets.
Commenting on the collaboration, Daniel Kochis, Head of Chainlink Business Development stated “We’re excited to provide secure and reliable data oracles to CurioInvest to help them pioneer a new market dynamic around bringing real-time benchmark prices to the collectibles industry. This can not only expand the amount of liquidity available for rare assets, but provision trading markets based on reliable data feeds.”
Fernando Verboonen, Cofounder at CurioInvest says: Chainlink brings crucial infrastructure for building the CurioInvest ecosystem, ultimately making rare collectible assets as liquid as possible. It genuinely provides the missing piece in the puzzle that I’ve been seeking, allowing CurioInvest to easily create a system of valuation analytics for all CurioInvest’s rare cars or other collectibles.
CurioInvest aims to build a transparent marketplace for many different types of collectibles and this collaboration lays the initial architecture towards offering a transparent, secure, and practical marketplace.
A revolution in collectibles. Be part of it and make history with us.
If you’re an investor or collector and want to learn more about tokenized cars, visit CurioInvest to learn more about our upcoming assets and Investor relations. If you want to schedule a call to discuss your asset more in-depth, reach out here.
CurioInvest provides a technology platform for investments in ultra-rare cars, and the creation & management of institutional-grade digital assets. Asset managers and private investors will be able to diversify in top-vetted tokenized collectables that trade at stock markets. In the $20B collectable car market, CurioInvest offers the highest security, full automation, and a customizable, yet highly scalable wealth-tech solution based on DLT. The company was founded by a former team member of kooaba after the exit to Qualcomm. Within just 2 years of foundation, CurioInvest has created a significant footprint in the industry considered by UBS Future of Finance and McKinsey’s venture program among the top 10 Swiss FinTechs.
For questions pertaining to the CurioInvest offering
If you’re a developer and want to connect your smart contract to off-chain data and systems, visit the developer documentation and join the technical discussion on Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here.
Chainlink is a general-purpose framework for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs. It provides oracles to leading DeFi applications like Synthetix, Aave, and DMM; numerous blockchains such as Ethereum, Polkadot, and Tezos; and large enterprises in Google, Oracle, and SWIFT.
Vaduz, Liechtenstein; 15 June 2020 – CurioInvest, the market leader and technology pioneer for tokenized collectables, is pleased to announce its Founders Series 2015 Ferrari F12tdf CT1 digital asset capital raise.
Now clients have access to collectable assets to build a diversified portfolio with real assets. In times of market turmoil and uncertainty, CurioInvest is providing an alternative to traditional asset classes previously reserved to the very few. Just a few weeks ago, CurioInvest business model was recognized among the top 10 Swiss FinTechs by McKinsey’s leading start-up program venture.ch as well as broadcasted on the National TV across all Switzerland.
As Credit Suisse highlighted in its 2018 report, from 1980 to 2017, classic cars were by far the best performing collectable asset. Moreover, as Hagerty Index shows from 2007 to 2019 rare Ferrari prices increased +340%, with clear spikes during the periods of monetary stimulus. However only the very wealthy few benefited from this value appreciation, until now. CurioInvest is challenging this status quo.
CurioInvest collectable car offering is reachable to all, with a low minimum purchase of just $100. Once the Soft cap is reached, the car will be professionally stored, maintained, and insured on behalf of the investors by reputable world-class partners. CT1 represents the 2015 Ferrari F12tdf of the top “concours” grade, from the highly prestigious limited-edition (799 production run), invitation-only series.
In an unprecedented manner, investors will be able to trade tokens peer to peer without any trading window restrictions or lock-ups. This unique feature enables our investors to participate seamlessly in collectable assets starting with $1 by trading directly on the upcoming exchanges.
CurioInvest founder Says: It’s a big step in expanding CurioInvest’s footprint and ecosystem and making real assets such as collectible cars accessible to the public.”
A revolution in collectables. Be part of it and make history with us.
The CT1 digital asset capital raise is expected to be finalized mid-July 2020.
About CurioInvest CurioInvest provides a technology platform for investments in ultra-rare cars and the creation & management of institutional-grade digital assets. Asset managers and private investors will be able to diversify in top vetted tokenized collectables that trade at stock markets. In the $20B collectable car market, CurioInvest offers the highest security, full automation, and a customizable, yet highly scalable wealth-tech solution, based on DLT. The company was founded by a former team member of kooaba after the exit to Qualcomm. Within just 2 years of foundation, CurioInvest has created a significant footprint in the industry considered by UBS Future of Finance and McKinsey’s venture.ch program among the top 10 Swiss FinTech’s.
It has been a wild, crazy journey – in the past decade, events in the crypto world have had all the elements of a Hollywood blockbuster. First, we had the origin story: Satoshi Nakamoto, the enigmatic author of the legendary Bitcoin white paper published in 2011, who has remained shrouded in mystery. Then, we had The Wolf of Wall Street era – the wide-eyed optimism, hype, and bluster of the crypto boom in 2017. Nowadays, the crypto market is more reminiscent of a grisly survival movie like The Revenant, as blockchain firms battle to escape the crypto winter after being mauled by the bear market.
So what comes next? You’ve probably never seen a Hollywood blockbuster about prudent, incremental government regulation. With good reason – let’s face it, that would be a really boring movie. But the fact is that most industry insiders now say that if blockchain is to enter the mainstream and fulfill its potential, it needs to leave all the drama behind. For this to happen, a stable regulatory foundation will be essential.
That’s why a number of jurisdictions are now in a race to create a solid legal foundation for the next wave of blockchain innovation. At the top of the pack, two neighbouring countries at the heart of Europe, Switzerland and Lichtenstein, are often mentioned as regulatory pioneers.
Indeed, despite the ravages of the crypto winter, the blockchain sector has actually expanded in Switzerland and Lichtenstein, with the number of firms using blockchain technology increasing 20% in 2018. This can be partially attributed to significant progress on the regulatory front.
Switzerland In December 2018, the Swiss government published a wide-ranging blockchain strategy, which aimed to create the legal underpinnings of the blockchain industry. Unlike territories like Lichtenstein and Malta, which opted to create bespoke legislation, Switzerland has opted to amend existing legislation to accommodate the blockchain sector. The aim is to allow emerging blockchain firms to innovate and grow by integrating them into the wider Swiss financial market, which has thrived for decades.
In contrast to the regulatory systems in the US and EU, Swiss financial laws tend to be based on broad principles rather than prescriptive definitions. This gives the financial regulator FINMA a considerable degree of leeway to exercise discretion in individual cases. This flexibility can be a huge asset when trying to protect investors and eliminate fraud, without curtailing the creative freedom of innovative startups.
For those launching a security token offering (STO), it will soon be possible to register with FINMA so that tokens can be sold and traded legally. In addition, proposed amendments would give smart contracts a foundation in law, so that they can be used to legally define the rights of token holders.
Lichtenstein Lichtenstein is a tiny microstate nestled in the mountains on Switzerland’s eastern border. Although both Switzerland and Lichtenstein share the same currency, there are some pretty major differences in terms of how the countries are run: while Switzerland has one of the most decentralised political systems in the world, Liechtenstein likes to keep it old school with a constitutional monarchy.
But while this all might sound a bit 18th Century, the current Crown Prince, Alois, is actually very tech savvy and enthusiastic about blockchain technology. Unlike Switzerland, Lichtenstein has opted to create tailor-made legislation to regulate the industry. The Blockchain Act focuses on regulating the transfer of digital assets and defining trusted technologies that can be used by businesses seeking to leverage distributed ledger technology (DLT).
Another major advantage of Liechtenstein for firms launching an STO is that unlike Switzerland, it is a member of the European Economic Area (EEA). Thus, as long as the project gains regulatory approval from the Financial Market Authority of Liechtenstein, the security tokens can legally be traded throughout the EU and in the EFTA member states of Iceland, Norway and Switzerland. In addition, the token is given an International Securities Identification Number (ISIN) which means that it can be traded on traditional financial markets like a conventional security.
The best of both worlds It is for these reasons that Curio Invest opted to create a base both in Switzerland and Liechtenstein. While Switzerland offers the thriving blockchain ecosystem of crypto valley, Liechtenstein provides a unique way to launch a fully legally compliant and tradable asset-backed security token. By leveraging the best of both worlds, Curio is launching one of the world’s first tokenized supercars: an STO directly backed by a Ferrari F12tdf. Click here to find out more.