Dreamcars is Changing How People Perceive Luxury Cars – Here’s Why

Dreamcars is a new presale project aiming to change the way people perceive luxury cars. For the longest time, it was the ownership of these vehicles that made people excited about them. The thought of riding around in a Mercedes Benz is exciting. However, as time passed and this aspect of showing off became monetized through rentals, people started to rent these vehicles.

The feeling was the same, but rental made the entire concept more cost-effective. However, only owners with enough capital to buy multiple luxury cars could benefit from the rental income.

Dreamcars is here to change this system. No longer will people need to own the entire car; they can own just a portion of it, made possible through fractional NFTs. The cars that these NFTs represent can then be rented, allowing the NFT owners to earn proportional rental income on a regular basis.

This marriage of two disparate concepts is why people are gravitating to the Dreamcars presale, which has raised close to $1 million so far. Let us dive in and see what unique aspects this project brings to the crypto space.

Owning a Car By Spending Only $10

Because luxury cars often have a hefty dollar amount attached to them, those who buy them often don’t look at the cost. Therefore, being able to partially own one by only spending $10 is unheard of, but Dreamcars makes it possible.

However, the way the project works is very feasible, and that’s why its presale has been a big success to date. Here are a few details about how it works:

Researching a New Car

The first task is to research a new car, which is generally done to find the cars that are the most popular in the rental market. After that, Dreamcars establishes a pre-agreement with the car company.

Listing the Car

In the next step, Dreamcars lists the car in their inventory.

Buying the Car Share

Through blockchain technology, the ownership of these cars is fractionalized – divided – into multiple NFTs. These are essentially shares, which can be purchased using the DCARS token.

Coverage for the Car

Once all the shares have been sold, Dreamcars buys the car and secures full coverage from a third-party insurance company before bringing it to the showroom.

Renting the Car

The car is then rented out, and the rental income earned is distributed to each car owner in USDT.

Dreamcars Liquidity Protocol

Users can also leverage the Dreamcars Liquidity Protocol, which is referred to as “The Bank,” to access liquidity instantly and put their car shares as collateral.

Dreamcars Marketplace

These shares can then also be sold on the Dreamcars marketplace for additional income.

The process makes it clear that Dreamcars leaves no stone unturned when it comes to offering inclusive ownership of the cars. And while the project’s development is still ongoing, Dreamcars has been kind enough to give users a peek at how the entire UI will look.

What Does Dreamcars Do for the Rental Car Industry?

The rental car industry is very old, but unlike other enterprises that have become inclusive, the rental car market still eludes the common person. Dreamcars, by leveraging the power of blockchain, makes it feasible for low-cap investors to enter this luxury car ecosystem without spending a lot of money.

Beyond the rental income, the rental car industry also penetrates new venues of decentralized finance, allowing users to use their car shares as collateral to get loans. And finally, with decentralization, it becomes possible to maintain full ownership of the cars and trade them via a simple Dreamcars platform, or even secondary marketplaces like OpenSea.

Dreamcars Raises $1 Million – Should You Buy?

While Dreamcars made its entry into the market months ago, it is only now that the pace of its presale has increased. Tokens are going off the shelves quickly, and over $1 million has been raised so far.

This indicates investors are ready to put their chips in a utility-centric crypto, but should you buy it?

Dreamcars is giving users a utility-centric crypto, one that not only changes the existing RWA paradigm but lets low-cap traders buy and sell luxury cars. This accessibility makes this project dear to those who have been locked out of a thriving industry to date, which makes it a suitable investment.

Secondly, the market conditions, although volatile, show signs that it would recover, pushing BTC above the $100K mark once again. This makes a presale asset like DCARS a good buy since it lets users make gains without having to deal with the market’s volatility.

Those who want to invest in this presale should check out the Dreamcars ICO today. There are also announcements coming from the platform’s Twitter and Telegram accounts, which should also be followed.

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