CurioInvest Integrates Chainlink Price Benchmarks to Support New Collectible Car-Backed NFTs
CurioInvest Integrates Chainlink Price Benchmarks to Support New Collectible Car-Backed NFTs (CTns) & NFT-backed stablecoin (CSC).
- CTns are Security tokens (token of the ERC-20 standard) that represent rare vehicles in the real world, such as CT1 tokens backed by a Ferrari F12tdf (one of the world’s first)
- Users can deposit CTn tokens as collateral into the Curio’s Creator Vault to obtain stable loans in the form of the Curio Stablecoin (CSC)
- The Curio Stablecoin (CSC) uses Chainlink oracle Data Feeds to access a benchmark price on each of the underlying cars backing CTn tokens, ensuring the issuance of fair market loans and full collateralization of CSC
About Chainlink
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data.
About CurioInvest
CurioInvest provides a technology platform for investments in ultra-rare cars and the creation & management of institutional-grade digital assets. Asset managers and private investors will be able to diversify in top-vetted tokenized collectibles that trade at stock markets.
