Why
us?
Why
blockchain?
Fractionally owning collectible vehicles can be an expensive endeavor, as it involves sharing the costs among the owners.
At Fraction Motors, we offer a unique approach that sets us apart from other fractional companies. Unlike our competitors, we leverage blockchain technology to streamline the fractional ownership experience. One key advantage is that our minority owners are not burdened with any ongoing costs. How do we achieve this? It's simple: the principal owner or custodian, who holds physical possession of the vehicle, takes care of all storage, maintenance, and insurance expenses.
The custodian willingly assumes these responsibilities because they highly value the retention of the vehicle within their private collection or public museum. This commitment ensures that the fractional owners can enjoy their ownership without additional recurring costs.
Fractionally owning collectible vehicles is difficult due to the setup, ongoing legal, storage, maintenance, and insurance requirements.
We solved this by creating a patent pending system that standardizes the way we treat these collectibles through our legal contracts and methods.
Fraction Motors has spared no expense and hired one of the most well known blockchain legal firms, O’Melveny & Myers LLP. Our technology makes it easy for the principal owner to sell their shares and for buyers to have a secondary market to purchase and sell.
Owners of these vehicles are sometimes faced with the difficult decision of keeping their cherished possession or selling the vehicle for capital.
We understand, as car guys, that selling a vehicle is often a difficult decision. Often, owners have held possession of these vehicles for decades or it is part of a collection that has been in the family for a long time.
What if the owner could both maintain possession of the vehicle and receive capital for it? We solve this by requiring the principal owner to maintain physical possession of their vehicle while owning at least 20% of the vehicle.
In the world of blockchain, most digital assets (tokens) are intangible objects.
We know many people have heard a lot of buzz about blockchain. Much of this buzz is related to crypto currencies and NFTs (Non Fungible Tokens). Other than stable coins, neither crypto currencies nor NFTs are associated with tangible assets.
100,000 fungible tokens (shares)
. A fungible token is an easily transferable share of a digital asset whose owner is permanently and immutably recorded on the blockchain.We hold the real-world contracts in order to ensure that our token owners can enjoy a hassle-free digital link to these physical vehicles.
Not sure
how it works?
© Copyright Fraction Motors LLC - 2024
© Copyright Fraction Motors LLC - 2024