It is no news that people have been itching to get into the luxury rental car market, which is obvious considering this domain is about to reach the $89.6 billion mark soon. However, due to cost concerns, not everyone can afford it.
Enter Dreamcars, a crypto project selling the dream of making luxury car ownership easier. This blockchain-driven ecosystem blends the best aspects of crypto technology together to make owning luxury cars not only affordable but also profitable. But could it become one of the best utility tokens of this year? This article explores that.
Reason 1 – Dreamcars is Making Investing in Luxury Cars Easier Through Fractional NFTs
Fractional NFTs is a concept that has been debated upon ever since it became important to provide people with tangible benefits from the crypto space. Backing a crypto asset through real property is important. However, accessibility is crucial as well. As a result, many companies have emerged to make owning real estate affordable through fractional NFTs.
Dreamcars is doing the same thing for luxury cars. It first tokenizes the ownership of these vehicles into fractional NFTs. For instance, if a vehicle is worth $300k, the NFT derived from it will have the same value. The same NFT will then be fractionalized into multiple smaller tokens, with each token having a different value and can be sold individually. This allows even someone who can only spend $10 to own a part of a luxury car.
Reason 2 – Providing Rental Income Through Luxury Car Ownership Across the Globe
The core element of the ecosystem is to provide rental income. The cars, which can be Rolls Royce, Ferrari, Lamborghini, and even Mercedes, are rented out to individuals. The generated rent is then divided between the owners of the said fractional NFTs. This way, Dreamcars offers somewhere between 20% to 50% APY. Depending on the size of the fractional NFT and the number of fractional NFTs owned, holders can generate enormous income.
And this utility isn’t region-locked. Because the entire scenario is digital, users across the globe can use the Dreamcars app to buy fractional NFTs and generate income. Furthermore, smart contract implementations ensure that the yields generated are dispensed among the investors periodically. This adds certainty to the ecosystem, making Dreamcars a good investment for beginners that have just touched the crypto space.
Reason 3 – Interaction with a Unique NFT Marketplace
While rental income is the core utility that Dreamcars provides, it is not the only one. Dreamcars has also developed a robust marketplace for these NFTs. Users can simply sell the NFTs they own, rent them to someone else, and even exchange their NFTs. There are also deeper DeFi mechanics such as lending, where these NFTs can act as collateral. This diversified benefit from owning Dreamcars tokens makes it even more appealing to those who want the NFT frenzy to return. It creates a whole new way to generate income from the blockchain economy.
Reason 4 – Bonuses Through Presale
There have been more than a few crypto ICOs released this year, and all of them have done something unique to attract investor interest. Some choose presale staking, preventing last-month sell-off and ensuring players get ample gains, and others have resorted to providing additional assets to those who invest early. Dreamcars offers them all, in addition to more tokens using the codes generated on a regular basis.
At the moment, there’s the code ‘DCARS50’ that you can use when purchasing the token and get a 50% bonus.
First, there is staking, which has become a staple within the presale space. Those who stake their tokens during presale will make additional gains in the form of APY.
Then, there are NFTs. Investing high amounts into Dreamcars will give users vehicle NFTs, giving them early access to the rental income.
Reason 5 – Access to Lower Rent on Luxury Vehicles
Another major real-life utility of investing in Dreamcars and owning one of the fractional NFTs is access to discounts when renting luxury vehicles. This niche utility is suitable for those who often find themselves in need of luxury vehicles but want to do so in an affordable manner.
Final Words
Dreamcars is one of the most innovative utility-centric projects to have come out this year. Still on presale, this token has raised over $730k to date. The official website reports that it has already raised over 97% of its minimum goal, leaving a small window to invest in the token and maximize gains. Therefore, those interested in this utility-centric project should invest in it today.
