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 car...