Rally Rd. lets anyone buy/sell equity in the things they care about. After funding 35+ Collector Cars + active trading, we're expanding into other asset classes. Our newest offerings include a 1st Edition Harry Potter, a Honus Wagner T206 Card, and more. ๐
@hdsantos89 To give the quick how-it-works, the items are acquired, stored, and maintained from some of the best collections in the world. We price the asset based on a number of factors including comparable asset values and social data, then split the car into shares and run an SEC qualified Initial Offering. Once all shares are purchased, there is a minimum 90 day lock-up period where no buying or selling can occur. After that, we run Trading Windows every 30-60 days allowing for bid/ask trading between 9:30am-4pm, all through registered broker dealers within the app. We continually surface any info that could affect value and let the market reset price during those windows + weโre always fielding offers on items within the app for buyouts (weโve had our first two full buyouts of collector cars off the platform recently, at 17% and 17.9% gains in 4 and 6 months respectively). There is also the potential for dividends via partnerships for asset use (for display, media, etc). So the return on investment can come in a number of ways.
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@hdsantos89@robpetrozzo I'm a huge fan and participant of @RallyRD. Tremendous idea. Great opportunity for unaccredited investors to gain as well. @paydayloanguy Brilliant! Appears you are growing FAST in spite of the fact you are not employing cryptos/tokens/blockchain... :-)
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What sort of profit may you expect investing in this sort of assets?
@cataplines We canโt speak to future returns as they tend to vary based on the market, but over the last decade, the asset class as a whole (especially the best quality examples) has outperformed a lot of the investments people consider "safe bets" (ex: real estate). As for the assets on our platform, they all started trading at different times, but have fluctuated - Our Lamborghini Countach Turbo which opened in January was up +9.45% on the first day of Trading. Other assets are down (as much as -4.04%), while others are up (as much as +25.9%) in periods that range from 4 months to a full year.
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Hi Rob, As I read SEC complaint, is this application is restricted to people in US only?
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When will EU citizens(Sweden, UK, France, Germany) be able to use your app?
Rally Rd. 2.0
Rally Rd. 2.0