LongBoat Container Sale FAQ
What is LongBoat's Container Sale?
LongBoat offers fractional ownership of shipping containers through NFTs. Each NFT represents a share in a container leased to logistics companies, providing a stable, passive income opportunity.
How is the yield generated?
The Yield is generated via a license agreement ensuring reliable passive income every month for 15 years regardless of how much the container is used.
Our logistic partner in turn arbitrates the container market (similar to how you can arbitrage the real estate market on Airbnb by signing a lease agreement for a property at lower cost but over a long time and then rent it out expensively short term on Airbnb, hence arbitrating the difference).
This is what our logistics partner does to the shipping industry.
What is the minimum investment amount?
The minimum investment is $48, making it accessible for a wide range of investors.
What is the expected return on investment?
Investors receive a 21.6% annual percentage yield (APY) in USDC, guaranteed for 15 years.
How is my investment secured?
All containers are fully insured against damage and loss, in this case you will receive a 100% reimbursement.
The yield is ensured via a license agreement so that you can rest assured that you get your income regardless of how much the containers are being used.
We are your exit liquidity, if you ever want to sell your NFT we will buy it back from you at 90% of market value.
In addition we also outfit each Container with a GPS tracking so that you can track it in real time around the world.
Finally, all containers are made by ISO 1AAA standard.
What happens if my container is lost or destroyed?
All containers are fully guaranteed for 15 years, in the event where a container is lost at sea or destroyed before the end of the guarantee, a new one will be provided directly. Monthly payments will still occur during the process, and the container # stated on your NFT metadata will be updated.
Can I buy more LongBoat NFTs?
You can buy more NFTs as long as the LongBoat Containers Sale is open. We plan to have a new sale every month or 2, so there will be more opportunities to buy more NFTs to increase your passive income.
Please note that the future price of containers (and hence of a LongBoat NFT) cannot be guaranteed.
Can I sell my LongBoat NFT?
Yes, it’s possible to sell your LongBoat NFT on the secondary market on any NFT marketplace.
How does LongBoat ensure liquidity for the secondary market?
LongBoat offers a guaranteed Buy Back program for 90% of the current LongBoat NFT value. Practically speaking, this means that LongBoat will place buy orders on the LongBoat NFT collection for 90% of their current market value, ensuring investors can exit their investment if needed.
By doing so, LongBoat creates a Floor Price on the NFT collection.
How is calculated the current market Value of a LongBoat NFT?
The current market value is a function of the remaining yield to be claimed in each NFT.
When a new LongBoat NFT is minted, it holds 15 years of yield.
After 1 year, the NFTs will have only 14 years on yield remaining, this brings down it’s current value by 6.6%
Current Market Value = Initial Market Value - Initial market value * # years in circulation / 15
Is my investment affected by crypto market volatility?
No, the investment is marketed as stable and insulated from crypto market volatility, focusing on real-world asset leasing. The yield is fixed and stable for 15 years as per the Leasing Agreement.
How are the containers managed and leased?
Containers are leased to logistics companies under a leasing agreement, managed by LongBoat to ensure consistent returns.
What happens if our partner logistics company defaults on a lease?
LongBoat has contracts in place with suppliers to address potential defaults, ensuring the continuity of returns.
Do I need to complete KYC to invest?
No, KYC is not required for investments with LongBoat.
What are the risks involved in this investment?
While the investment is designed to be stable, potential risks include changes in logistics demand and unforeseen operational challenges.
How can I track my investment?
Investor will have access to a Dashboard that allows to track in real time the financial information about their investment, like:
Remaining yield
paid-out yield
Next pay-out date
And more.
Also, investors can track their containers via GPS.
Note that not all of this will be available direclty after the first container sale. We expect the dashboard and GPS tracking to be enabled within 2 months after the first LongBoat Container Sale.
What is the process for buying an NFT?
Investors can purchase NFTs through LongBoat's platform, with detailed instructions provided during the purchase process.
What happens at the end of the 15-year lease term?
Details about the end-of-term process are still being finalized, but options may include renewing the lease or selling the container.
Who can I contact for more information?
For further inquiries, you can reach out to LongBoat's customer support team via social media or Telegram.
Join our Telegram Group here: t.me/longboatclan
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