The Bitcar Cryptocurrency Lets You Profit From Exotic Car Ownership
Rahul Kalvapalle — January 11, 2018 — Autos
References: bitcar.io & thenational.ae
Exotic car ownership is one of those things that the overwhelming majority of people will never get to experience and enjoy, but a new cryptocurrency is looking to change that by making it possible for people to profit from the ownership of exotic cars depending on their level of investment. Essentially, Bitcar makes it possible for people to purchase cryptocurrency tokens that allow them to own a fraction of a particular exotic car.
Why would anyone want to own a fraction of an exotic car? It has to do with the fact that exotic cars are one of the few products that get more and more valuable over time, as they become more rare and coveted. By using Bitcar tokens to purchase a fraction of a given car, you can also enjoy a fraction of the profits when the car is sold some years down the line.
What's more, the Bitcar platform allows token owners to vote on vehicle display and sale, making exotic car ownership a democratic experience where everyone can share on the profits.
Why would anyone want to own a fraction of an exotic car? It has to do with the fact that exotic cars are one of the few products that get more and more valuable over time, as they become more rare and coveted. By using Bitcar tokens to purchase a fraction of a given car, you can also enjoy a fraction of the profits when the car is sold some years down the line.
What's more, the Bitcar platform allows token owners to vote on vehicle display and sale, making exotic car ownership a democratic experience where everyone can share on the profits.
Trend Themes
1. Tokenized Ownership - The trend of tokenized ownership allows individuals to own a fraction of an asset and profit from its value.
2. Experiential Investments - Investing in experiences, such as owning a fraction of an exotic car, is a growing trend that offers unique financial opportunities.
3. Democratized Ownership - The trend of democratizing ownership through voting rights allows for a more inclusive and collaborative ownership experience.
Industry Implications
1. Cryptocurrency - The cryptocurrency industry can leverage tokenized ownership to create innovative investment opportunities and enhance liquidity.
2. Luxury Goods - The luxury goods industry can explore tokenized ownership as a new way to engage with customers and tap into new revenue streams.
3. Blockchain Technology - The blockchain technology industry can provide secure and transparent platforms for tokenized ownership, revolutionizing asset ownership and value creation.
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