A new idea is beginning to emerge in the Web3 community—turning electric vehicle pre-orders and delivery rights into on-chain assets. Behind this attempt is a team originating from a Nasdaq-listed company, aiming to convert $500 million worth of vehicle pre-orders into blockchain liquidity through tokenization protocols.

The logic of this project is quite interesting. First, it’s not a fabricated concept. The project claims to hold $500 million in real pre-order assets, which are securely managed through an independent special purpose vehicle. From this perspective, the entire structure is backed by physical assets.

In terms of operational mechanics, a closed-loop design has been implemented: vehicle delivery → extract 5% of sales revenue → buy back and burn tokens → reduce supply and expand the asset pool. Theoretically, each vehicle sold results in a token burn, creating a deflationary effect.

The token itself is endowed with multiple attributes. Holders can stake to earn annualized dividends of 20%-50% (from vehicle sales revenue), participate in DAO asset management voting, enjoy discounts when purchasing vehicles with tokens, and even receive priority for new car pre-orders.

Numerically, the project aims to grow from an initial market cap of $100 million to $10 billion by 2027. This clear value appreciation path is attractive to investors—at least the expectations are clearly outlined.

Currently, the project is in the seed pre-sale stage. For early investors interested in the EV-RWA new track, this could be an entry point. However, detailed technical specifics, team background, and compliance architecture are still worth a deep dive.