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Austrian Car-Sharing Service Tokenizes Teslas To Share Revenue

30 Jun 2023 | Abstracted from Axios

"Each car has its own individual identity via Peaq's technology, but the ownership share covers all the tokenized cars in the fleet. Each investor owns a share in that fleet proportional to what they put in.

"Users buy the tokens, sign an ownership agreement and then share any revenues above operational costs with Eloop. Revenue is split 50/50....it's a security token and is only transferrable to whitelisted wallets..."



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