Abstract

Plona project summary

Plona is a 21st-century blockchain-based innovation disrupting the NFTs and car industry. Plona is the world’s first fractional premium car investment platform on the blockchain, enabling users to own and trade fractional NFTs backed by real luxury assets in the metaverse. Investors are allowed to own a fraction of various vintage, classic, and limited-edition exotic cars from across the globe, such as Ferrari, Lamborghini, Bugatti, Porsche, McLaren, Jaguar, Aston Martin, Mercedes-Benz, Bentley, etc.

Luxury cars have a substantial resale value regardless of how long they have spent with the owner. They never lose their second-hand value.

Unfortunately, owning a luxury car is a pipe dream for many because a car that is high in brand value comes with a huge price and maintenance cost. PLONA brings an end to these challenges by creating an ecosystem that allows investors to own fractions of luxury cars from across the globe as NFTs. By dedicating hash-rate power to NFTs, Plona provides utility tokens to all users worldwide.

The Plona project ensures the fractional ownership of exotic cars exclusively built for highly influential and wealthy people. The project aims to promote fractional ownership by tokenizing luxury and exotic vintage, rarest and classic cars. For every investment, investors receive minted NFTs digitally backed and underwritten by a physical car that will be stored and insured in a specialist climate-controlled storage facility. The Plona lending protocol allows NFT holders to borrow against their assets and rewards liquidity providers with high APY. All token holders benefit from the increasing value of the $PLON token as Plona experts implement various token-burning mechanisms.