Collector Coin ITP Project
SR No Entities Event
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Collector Coin and Car Owner (Initial) • The Project Manager approves the car for restoration and a contract is created to transfer the Title of the car from the owner to Collector Coin • The contract could also include information about giving the car owner exclusive rights to buy the car at 10% discount when it is ready for Auction.
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Collector Coin and Investor • After the entire amount for restoration has been raised, there is a smart contract created between CC and the Investor. • This would involve transfer of partial ownership from Collector Coin to Investor.
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Collector Coin and Restoration Agent (DLM) • Before the car goes under restoration, there is a contract signed between the Restoration agent and CC. • It could be a contract regarding the Coins paid for restoration.
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Collector Coin and Buyer • This contract is created when the restored car is being bought by a buyer. • It would involve the transfer of ownership from CC to the new buyer.