BitCar: An interesting way to own an exotic car
Everyone seems to jumping on the Crypto bandwagon at the moment and it seems like the idea of Timeshares aren’t immune to the hype.
BitCar is a blockchain-based platform that allows for fractional ownership in the best performing asset class of the last decade – collectable exotic cars. For the first time the mass market will have access to this best performing asset class, which is tradable on BitCar’s live auction peer-to-peer trading platform. Additionally, the live auction platform allows users to eventually trade their way up to full ownership of an exotic, allowing them to have the option to take the exotic for themselves. Using a dual token economy, BitCar’s asset token (called CAR), is backed up by the physical, hard-metal exotic cars and pegged to their USD value- acting as a “stable coin”. This provides relative protection in times of crypto volatility.
I like the idea of timeshare, I like the idea of having access to an exotic car. The only draw back i can think of right now is that I’m not sure how global it could possibly be.