N.J.B

How tokenized collector car ownership works on @freehold_wallet : As an active collector of super/hypercars, I've hand selected a curated portfolio of collector-grade cars for the platform. Not everyone realizes this, but there is a segment of the sports car market that appreciates heavily in value and has an extremely active secondary market. These markets are similar to other high-end collectibles like art and often trade at the same venues (ie. Sothebys etc.). In fact, some of the best performing investments I've made recently are limited edition super/hypercars. We've structured the tokenized vehicle to offer fractional ownership interests in each asset in its entirety, in a way that maximizes the long term collector value of the car for all purchasers while providing 24/7 market liquidity and the potential for lending markets to offer loans using tokens as collateral. The initial token sale begins with a car we've purchased outright, and are happy to invest in and hold long term on our own. If only a portion of the tokens are sold in the initial sale/issuance, we are happy to hold the unsold tokens because we know the asset and like the value proposition in it regardless. We wouldn't offer you anything less. Unlike typcial shitcoin sales where the issuer cost basis is zero, in this case our cost basis is the asset. If the car is appraised at a $1mm value, we begin the tokenization by selling 1 million tokens at a $1 value. Each token purchaser gains a pro-rata ownership of the vehicle, no dilution. The title to the car is held in a trust in Montana, with physical custody assigned to Auto Concierge (a trusted 3rd party) who stores and manages the car, and all economic rights assigned to token holders. The eventual sale of the vehicle will be up to token holders via voting. Holders may vote to accept a private offer, or sell the car at public auction via RM Sothebys or Broad Arrow. All proceeds from sale distribute to token holders. The vehicles initially being offered are very low mileage examples, and are meant for collection, not use. The only usage allowed by the sponsor is for shows and marketing. Because we have removed all central management of the asset and assigned it to token holders, these fractional ownership interests will trade as non-securities, enabling much more liquid markets and avoiding the traditional walled garden graveyards of typical tokenized securities. A portion of the tokens may be reserved for the liquidity pool, with proceeds from sale getting parked on the other side of the LP book. As @freehold_wallet is a non-custodial wallet app, access to these Dex pools is right there inside the app. I'm super excited about the tokenized collector car space, because each token market is appropriately sized for a fractional offering ($1mm-$5mm approximately) and the number of markets is very scalable, similar to prediction market places. Beginning soon with this beautiful 488 Pista 🔥🔥🔥, I cannot wait...