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Interesting New NFT Yacht Ownership

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The post Interesting New NFT Yacht Ownership appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Salient Yachts wants to show the world that Non-Fungible Tokens are so much more than only the hyped games and JPEGs.

We provide NFT Yachts as build contracts.

These are 1 of 1 NFTs and can be resold at any point up until the delivery of the yacht. Afterward the NFT is locked as non-transferrable, the attribute “Yacht Delivered” set to “TRUE” and is only unlocked on sale of the physical yacht to a new owner.

Our first Build Contract is already listed on OpenSea, ready for her new owner! Her listing is here for a limited time only

https://opensea.io/assets/ethereum/0x7d1480fed1fdc5eb460b22ba87d2558b76da248c/0

Salient One — Tag50 Catamaran

Designed for speed and comfort.

This carbon fiber / resin composite vessel, manufactured by Vacuum Infusion, combines maximum strength with minimum weight. This catamaran, is currently a blank canvas,
which represents great value!

LIMITED EDITITION: Hull #2 of 2

Once in lifetime opportunity to own a share this rare yacht type

Detailed Brochure Available here: http://salientyachts.com/brochure.pdf

For the discerning investor:

Currently, this vessel is semi-complete, it still needs the interior, sail rigging, and motors in order to get this vessel ready for the International Miami Boat Show in February 2023

Designed for speed and comfort!

This carbon fiber/resin composite vessel, manufactured by Vacuum Infusion, combines maximum strength with minimum weight.

This catamaran is currently a blank canvas, which represents great value and has already completed a 580-mile coastal voyage.

This is a beautiful-looking vessel. Underlining this excellent and exciting appearance, the TAG 50 layout defies convention, yet it works so incredibly well.

We also provide NFT fractional yacht ownership.

We are at the forefront of innovation by taking a Yacht Asset and fractionalizing the yacht into shares. We then deploy a NFT collection based on the number of yachts shares which is then represented by each NFT.

Yacht ownership is authenticated through the above NFT contract created for the asset, the Title Registration of the yacht will be added as metadata to the NFT collection once built.

The concept of fractionalization in yacht ownership is not new, but our ground-breaking solution using NFTs will revolutionize the way people buy and sell yachts through digital ownership of the asset.

This will allow anyone the option to OWN a share in a yacht and be rewarded. Our system can be implemented to achieve worldwide mainstream adoption, providing large-scale solutions to real-world problems.

Hybrid tokenization presents us with extensive opportunities for a Yacht Asset by fractionalizing the OWNERSHIP of the yacht into shares. Each share is INSURED, receives REWARDS and has VOTING rights, which is represented in the form of a Token.

This new phase in the evolution of blockchain technology allows these shares to be easily transferable and liquid, which is unheard of in the yachting industry!

The yachts are chartered, generating rewards for the NFT owners. Built into the NFT smart contract is our rewards program, which uses our platform token.

We named this token WIND. In the same way that wind keeps the yachts sailing, driving them on to their destination, WIND will power us forward and on to success!

This reward is automatically distributed continuously for a period of 10 years from the minting date. The emission rate is equal to 24% per year, based on the initial NFT and WIND token prices. These rewards can be claimed at any time with direct interaction with the smart contract or by using our app.

This will allow anyone the option to own a share in a yacht and be rewarded for their share.
Our community can use their WIND rewards to book charters and holidays on the charter yachts.

Yacht ownership is only the first step in our planned ecosystem. We plan to expand this to include the construction of marinas at various locations around the world. Our yachts will be based at these locations or travel between them.

INSURANCE

Each build contract and charter yacht is comprehensively insured during manufacture and its use in charter against any defects or damage.

This includes damage or loss due to accidental means, including perils of the seas or other navigable waters, stranding, sinking or collision; fire, earthquake, volcanic eruption or lightning; malicious acts; piracy; explosions, contact with aircraft, theft of the entire vessel or her boat(s); theft of machinery, gear or equipment.

This effectively means that the initial value of your NFT is indirectly insured through its asset backing!

GOVERNANCE (VOTING)

Our main SYT governance token can be used for voting on company decisions such as building yachts for charter or sale. The buyers of the fractional tokens can vote on their NFT for asset decisions.

The voting will be on matters such as buyout offers, sale offers, short or long terms leasing / charters etc. Only SYT & NFT holders can vote. WIND token has no voting rights towards yacht assets.

After our launch sale of SYT, the first order of voting will be whether the next yacht will be built for sale or for fractional yacht ownership. If “Salient One” has not been sold at the time of the vote, the governance program can then vote if this yacht build contract should be changed to fractional ownership for charter.

Yacht Tokenization (NFT)

FRACTIONAL OWNERSHIP

The buyers of the Fractional Share NFTs are then fractional owners of the Yacht. These NFTs will allow the holder to claim ownership of the asset (if they hold all of the fractional tokens / NFTs in the collection). These NFTs will also be used to Vote on governance of the asset and claim rewards. These NFTs can be listed for sale on decentralized exchanges and marketplaces.

The NFT shares are split into 3 NFT categories:
Common NFT Represents 1 share Initial value $100
Rare NFT Represents 10 shares Initial value $1 000
Epic NFT Represents 100 shares Initial value $10 000

REWARDS PROGRAM

Built into the NFT smart contract is our rewards program which uses our platform Token.

We named this WIND as it is exactly that, which powers us forward and keeps the yachts sailing!

This reward is automatically distributed at a continuous rate of 24% per year, based on the initial NFT price for a period of 10 years, the rewards due can be claimed at any time with direct interaction with the smart contract or by using our app.

REVENUE MODEL

The NFT Yachts will be used in our charter partnerships. This varies from day charter, holiday charter and even scholarship/training services. The operational costs, insurance as well as care, and maintenance are all taken care of as part of the charter.

Our model allows for an annual ROI of 24% (2% of the yacht sale value per month) which is directed to NFT holders through our reward program. The revenue generated from the above will be used to repurchase WIND tokens from the users / open market. The repurchases will put continuous buying pressure on the market, driving up the value of the WIND token. Further uses for WIND include an affiliate program to grow our community and project awareness.

50% of all WIND repurchases will be used to add liquidity to the market to increase token stability.

Balance of 50% will be burned, this decreases the available supply while increases the value of the token.

The repurchase of wind will start in Q1, 2023 at random intervals with a Token Burn every quarter

All token repurchases, amounts, burn values, average price, etc will be published on the website.

The Problem We Solve:

There’s been rising interest in outdoor recreation from people looking for pandemic-safe activities, and that demand is driving consumer sales in the boating industry.

Boat sales leaped to a 13-year-high in 2020. The National Marine Manufacturers Association expects this boom to continue. U.S. sales of boats, marine products and services are estimated to have reached $47 billion in 2020, up 9% from the previous year.

Yachts are the safest bubble for vacation and travel, whether chartered or owned. People have realized that you can control your environment and escape the pandemic with the yacht, while traveling in total comfort. Global demand for 50–60ft catamarans exceeds the supply.

Lead times stretch for 3 to 5 years. Some manufacturers have booked orders for up to 10 years!

According to the April 2021 report from Grand View Research, the global yacht market — valued at $8.15 billion in 2020 — is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. Meanwhile, the global yacht charter market is projected to grow from $6.83 billion in 2020 to $10.82 billion in 2027 — a CAGR of 6.6%.

A total of 242 new yachts came to market in Q1 2021, 93 less than the previous year.
That is a supply shortage of 39%. Add an annual growth rate of 5% to the 242 new yachts means there will be a growing shortage of more than 12 yachts each year, compounding over the next 7 years.

Salient Yachts plans to capture this market!

Several Yacht Brokers are very excited about marketing our yachts
Our competitive pricing will ensure quick market penetration and allow us to fill the backlogs.

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