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Dreamcars allows users to invest in luxury car rentals via NFTs. It then offers them monthly passive income and exclusive access to the luxury vehicle market.
The platform allows users to trade cars like stocks. They buy shares of cars, represented as NFTs, and can sell these NFTs as they wish.
The platform is the first of its kind to enable fractional shares of luxury cars, Its users earn an annual percentage yield (APY) of 20% to 50%. Depending on how much NFTs they hold. They can potentially earn up to 50,000 USDT monthly.
The Dreamcars model is particularly appealing to anyone who desires to use luxury cars but cannot afford them.
People desire luxury cars for special events like weddings, graduations, and various other purposes. However, the substantial funds required to purchase these vehicles make it impossible for many. With this project, users can now own shares of luxury cars and earn passive income.
Here’s How It Works
Dreamcars conducts extensive research on a luxury car before introducing it to its ecosystem. This research covers the prospective demand for the car, its reception in the local market, and its supply.
All these dynamics ensure that the car will remain in demand following the purchase. The Dreamcars team will not buy a car that has a low likelihood of being rented, as this would contradict the essence of the business.
As soon as they acquire the car, they list it in the upcoming section of the Dreamcars platform. This section allows users to check it out and swap Binance Chain (BNB) for DCARS tokens to buy shares of the car.
When all shares are sold, Dreamcars will purchase the car and secure full coverage from a third-party insurance company. They will then bring the car to the showroom for rental activities.
All rental activity and the management of the car are handled by the Dreamcars team. The passive income is shared with NFT holders on the first day of each month.
Dreamcars liquidity protocol, “The Bank,” grants users instant liquidity. NFT holders can use their assets as collateral to secure loans from the liquidity bank. This allows them to maintain their shares while accessing funds.
Users have full control over their shares. The NFTs contain information like the car’s serial number, ownership details, and other data that serve as legal proof of ownership. It is also possible to sell the car NFTs on third-party compatible markets like OpenSea.
What Is the DCARS Token and What Makes It Stand Out?
DCARS is the native token of the Dreamcars platform and it is the only way to own luxury rental cars using cryptocurrencies. Without this token, users cannot purchase cars on the platform.
The token also grants access to exclusive features such as voting rights on car purchases and access to all Dreamcars marketplace features.
The token is designed to be secure, as the platform implements top-tier security measures to maintain transparency. All tokens are stored in smart contracts and cannot be controlled by any member of the Dreamcars team.
The platform has partnered with blockchain security firm Solid Proof to audit the DCARS token. Solid Proof reviews the smart contracts and technical details to ensure that the project meets the highest Web3 security standards.
The Ongoing Presale and How to Join
The presale grants investors early access to the ecosystem. Increasing participation enhances the security of the ecosystem by improving decentralization.
Developers aim to list DCARS on top exchanges and gather 100,000 people on the waiting list before the official launch. Achieving this is expected to create excitement, expand their ecosystem, boost user numbers, and potentially increase the value of the token.
The funds raised will also be reinvested into the ecosystem to ensure the continuous growth of the platform.
To join the presale, investors need to connect their wallets, such as MetaMask or Trust Wallet, to the Dreamcars presale page. Users can buy the token with USDT (BEP-20 and ERC-20), ETH, or BNB.
Benefits for Users Joining the Presale
One of the benefits users receive when they join the presale is the opportunity to buy the token at a lower price compared to the planned listing price.
There are also various bonus DCARS tokens offered from time to time, helping users receive more than they pay for. Users also earn staking rewards from the presale if they lock their tokens in the staking pool. The earlier they buy the token, the more staking rewards they could receive.
Presale participants can obtain exclusive NFTs and special rewards that will only be available during the presale.
Additionally, there is a special bonus for those who invest $1,000 or more in the presale. They gain access to an exclusive Dreamcars members club, where they can receive significant rewards and additional bonuses. The more they invest, the greater the bonuses they can receive.
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