Does bidding exist in the Luxury market? If it exist, will the Bow Project adapt this marketing strategy ?
Yes bidding do exist in the luxury industry. I've been exposed to the sales of artifacts back in time and I think Bow will take on this type of sale process.
I don’t really know about the tokensales but it’s stated on bow coin whitepaper, that the price of bow ties would be static and fixed.
Yes, that's what explains the reason why the price of one bow tie is $250. But it's impossible for the price to be fixed at all time because of market realities which tends to change periodically. Atimes, I see this value for bow tie to be very expensive
I think I may be missing it a bit. Is it the typical Bow tie we wear with our clothing eg Tuxedo?
Yes, of course
, you could easily tell from the name of the project - Bow Project - but what I am concerned about is if they will diversify into other luxury market in the long run or stick to only Bow ties.They would be a providing their blockchain solution to other luxury products and manufacturers. The project would be producing the luxurious bowtie in France while development is being made to include several other luxurious products across the globe.
Great, I'm glad to know that they will integrate other luxurious products in the long run. There is so much that can be done with the blockchain and I really want to see it used to the maximum of its potential.
