CurioInvest x Bitboy AMA

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.

Introduce yourself:

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.

Head over to CurioInvest.com to learn more.

Tokenization Is Giving Small Investors Access To Multi-Million Dollar Assets

CONTRIBUTOR PATRICK DOYLE by Financial Advisor Magazine

The idea of an average investor being able to afford a luxury car, fine art or even a Class A real estate property has previously been thought to be unattainable. However, tokenization is revolutionizing the investment process by offering fractional ownership of assets via security token offerings, and creating more opportunities for small investors to get involved.

Tokenization would not be possible without the adaptation of blockchain technology, which offers new layers of transparency, security and liquidity to investors. Tokens are a newer way to invest in many types of assets, and many believe that security tokens will ultimately replace traditional stock ownership in the future, while also offering a way to invest in asset classes that were previously unavailable to all but the largest investors.

Examples of the latter include the tokenization of high-end vintage cars, which have generated an average 330% ROI to UHNW investors in the past decade, according to Knight Frank, a global Real Estate consulting firm that created a luxury investment index for a variety of assets. Two companies, CurioInvest and MERJ, recently partnered with plans to offer 500 vintage cars, worth over $200 million, through a security token offering. Although token holders will not be able to use the vintage cars, the expected ROI on their investment would theoretically provide sufficient incentive to invest.

As more people invest in token offerings around previously unattainable assets such as Class A real estate, fine cars, and more, the potential exists for smaller investors, previously shut out from these types of investment instruments, to realize ROIs previously only available to the UHNW and institutional investors.

Patrick Doyle from Entoro Capital.

Want A Hypercar? You can now get one with Huobi Token on CurioInvest.com

Vaduz, Lichtenstein, 22nd of May, 2020 – Imagine bringing a collectable rare car to trade on stock markets – just like stocks. Imagine a legendary racing bolid or a most exotic car displayed under beautiful lights in the most prestigious location, with stylish billboards showing current trading values – and inviting people to become co-owners by buying its digital tokens on the stock exchange.

CurioInvest, a leading fintech and a Top Pick by Techcrunch and UBS, built the first in the world platform to trade unique cars on stock exchanges. CurioInvest tokenizes collectable hypercars, giving everyone the opportunity to purchase tokens pegged directly to the value of each specific car. 

CurioInvest plans to bring 500 cars worth $200 million to be purchased with HT Token.

With the support of Huobi Token on CurioInvest marketplace, its users could invest or make purchases of cars and have access to the future growing pipeline of over 500 cars on the platform. Until now, previously reserved only to the world’s richest investors. Sign up on CurioInvest.com to become among the first to purchase car tokens and pay with HT token – just like that. 

Rare cars have demonstrated outstanding financial performance over decades (per UBS, Credit Suisse, Knight Frank among others), and are recognized among future-proof real assets in a world where governments are pumping trillions of dollars as ‘stimulus’. CurioInvest’s vision is to turn collectable cars and other objects of art and passion into a profitable asset class

“We are excited to partner with Huobi,” – “Huobi has proven they are a leading platform with global outreach which further supports CurioInvest in providing access to exotic car investing to the greater audience”– said Fernando Verboonen, CEO of CurioInvest,

Ciara Sun, Head of Global Business and Market at Huobi, stated that “it’s a big step in expanding HT’s footprint outside our direct ecosystem and making real assets such as collectable cars accessible to the general public.”

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 can now 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.

A revolution in collectibles. Be part of it and make history with us. 

About CurioInvest

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. 

Website I Twitter I YouTube I Telegram I GitHub I Blog I Tokenized Cars I Investors & Media

About Huobi

About Huobi Group

Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established by Leon Li in 2013, the company’s Huobi Global exchange accumulative turnover exceeds US $2 trillion. Huobi proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries.

Invest in a Supercar: Asset Tokenization Explained

They say that it “takes money to make money” and this is particularly true when it comes to investing in cars. While an average new vehicle loses 30% of its value in the first 12 months and continues to depreciate for years, limited edition supercars like the La Ferrari tend to go up in value almost immediately after they are sold. Writing for Top Gear, RM Sotheby’s Max Girardo argues that “almost any limited edition hypercar” is a good investment.

Up until recently, however, the only people who could profit from this appreciation were wealthy elites who had the bank balance and connections required to pay big money upfront. However, now a new investment technology has emerged that will make it possible for everyone to invest in these cars. This technology, which is likely to shake up the supercar market, is called asset tokenization.

WHAT IS A CRYPTOCURRENCY?

In order to understand asset tokenization, you first need to have a basic understanding of what a cryptocurrency is. A cryptocurrency, like Bitcoin for example, is a digital currency that uses encryption technologies to regulate the supply of the currency and transfer of funds. The value of a cryptocurrency is solely based on what other investors in the marketplace perceive it to be worth, however, and the lack of any tangible underlying asset can lead to volatility. Whereas one Bitcoin traded at around $120 in 2013, for example, during the boom in December 2017 it was trading for $19,000, but it is now worth around $3,300.   

WHAT IS ASSET TOKENIZATION?

Asset tokenization refers to a process whereby a new type of crypto asset is created which is directly backed by a physical asset such as a car. So imagine a limited edition supercar that currently costs around $800,000. Needless to say, most people could not afford this purchase price. If 10,000 investors combined their resources and each invested $80, however, the car could be purchased.

WHAT IS A “SECURITY TOKEN”?

In the case above, each investor would then receive a “security token”, which would be directly backed by the value of the car. If the car increased in value by a given amount, say 20%, the car would be resold and the investors would receive the initial cost of their token and an additional profit proportional to the increased value of the vehicle. This investment mechanism means that the highly exclusive and historically lucrative supercar market is now open to everyone.   

WHAT ARE THE BENEFITS OF ASSET TOKENIZATION?

The main benefits of asset tokenization are as follows:

  1. Liquidity/Divisibility: Tokenization enables you to invest in an expensive asset like a supercar, without needing to buy the whole car (and pay the whole purchase price). While this was not impossible before, investors typically had to pay a so-called “illiquidity discount” of up to 20-30%. By using tokenization, these costs can be avoided.
  2. Diversification: Tokenization enables you to diversify your risk by buying tokens in multiple cars. This means that if one car does not perform well, the loss could be offset by profits on other cars.  
  3. Lower Cost: As there are very few middlemen involved, fees are relatively low.
  4. Compared to a conventional investment, there is very little bureaucracy. Everything can be controlled and monitored online.  
  5. Faster Settlements: The higher liquidity and automated nature of the system mean that transactions are much quicker.
Asset Tokenization: You can invest in a Ferrari F12tdf for as little as $100
Asset Tokenization: You can invest in a Ferrari F12tdf for as little as $100

Find out why the Ferrari F12tdf doubled in value in eight months here. If you would like to learn more about investing in supercars on Curio, click here.