The cryptocurrency marketplace has created a newly-minted generation of so-called “crypto millionaires” that have capitalized on the profitability of the highly lucrative nature of crypto trading. There are now many different brands and merchants around the world, from luxury Italian clothing brands to Dubai real estate agencies that aim to capitalize on this new demographic, offering cryptocurrency holders the ability to spend their crypto on their platforms.
A new initial coin offering intends to build a new marketplace through which cryptocurrency traders can use their crypto to purchase luxury products such as diamonds, high-end watches, cars, designer apparel, and even aircraft.
In this article, we’ll take a look at the Coinoor platform and find out how it plans to decentralize the luxury goods market to help you determine whether it’s worth buying into the Coinoor ICO.
What Is Coinoor?
Coinoor aims to provide high net worth individuals with a new marketplace through which cryptocurrency can be exchanged for luxury goods. Focused on creating a new “Internet of Luxury”, the Coinoor platform is intended to function as a go-to platform for luxury enthusiasts and rare goods collectors.
The Coinoor name is a portmanteau of “Coin” and “Kohinoor”, the most expensive and rare luxury diamond in the world. The Coinoor platform works on a distributed ledger like most blockchain solutions, but apparently backs token value with diamonds. Like Monero and other security-focused blockchain platforms, the Coinoor platform promises completely anonymized transactions.
How Coinoor Works
The Coinoor platform will make a wide range of luxury goods from around the world available to users. Coinoor offers the additional benefit of anonymous blockchain based transactions, as well as the ability to create digital assets and certificates of authenticity or brand identification.
The Coinoor ICO & Roadmap
The Coinoor ICO was announced on the 24th of September, with the Pre-ICO ending recently on the 3rd of October. The Coinoor ICO is slated for the 14th of October 2017, which will end on the 15th of November. After the ICO, the Coinoor Tokens will be released for trading on the 31st of December.
After the ICO period and token release, the Coinoor Luxury Universe Platform will launch on the 25th of January 2018, followed by the 1st Coinoor Luxury Catalog Event on the 31st. The Coinbase team is headed by Valent D. Soisuvarn, the CEO of Bunny Ventures, who are the exclusive authorized licensee for Playboy in Thailand.
Soisuvarn is supported by Daniel Schwartz, a leader in business development and marketing, as well as Ron Cartney, an internationally recognized chief training officer. Providing a transparent team breakdown is a key sign of a solid offering in the ICO environment.
The upcoming Coinoor ICO supports a range of wallets, including Mist, MetaMask, MyEtherWallet, Ledger Nano S, Trezor, Coinomi, imToken, Exodus, and Jaxx.
The Coinoor platform is the first concerted effort aimed at providing wealthy crypto traders with a platform through which they can access luxury goods with cryptocurrency, and is definitely worth consideration as a prospective investment.