[ICO Review] About BlocVehicle

BlocVehicle is an economy of sharing service where anyone can buy, sell or share used cars directly with others. This platform allows people to buy or sell used vehicles without the intervention of an agent.

Over the years, many industries are looking for ways they can use blockchain technology and the auto industry is looking to launch significant blockchain initiatives this year. One of the methods that blockchain wants to impact on the car industry is the ICC BlocVehicle.

Introduction :

BlocVehicle Pte. Ltd, established in Singapore, recently announced its plans to launch an ICO project, inviting investors to participate in this potential project.

Is based on technology blockchain of Ethereum, BlocVehicle a new foundation plans to offer an improved version of the rental car used, basic principles include the provision of a central The idea for people to conduct second-hand car deals at the personal and P2P-based platforms allows people to rent cars from others - like Airbnb.

How BlocVehicle work?

BlocVehicle works very simply, using the company's application, deftly named Vehicle App, users will be able to keep records of how their vehicle is stored, including maintenance history, security insurance and much more. These data will then be rewarded with VCL, Vehicle Token, to be merged into the BlocVehicle network, creating an ecosystem based on transparent and non-destructive data accumulation - where participant and Suppliers will be satisfied. This will be one of the first steps in creating a P2P platform, "said Chang-ha Lee, BlocVehicle's chief executive." It gradually allowed the transactional and individual transaction levels Both our old items in the future. "This was Chang-ha Lee's initial initiative to set up a $ 2.6 million project in scale.

BlocVehicle is part of a consortium of five other joint ventures - all veteran companies in their field, having worked in the Information Technology market for more than a decade. The list of five companies includes: BaNET Information Technology Co., Saltware Inc., Softbase Inc., Compass Systems Inc. and ICK International Inc.

Advantages of the project :

The global car rental market and deals are on the rise. With more than 128.42 million transactions expected by 2021, according to the latest Technavio report, more than an average of 1.2 billion rental vehicles are currently operating in the market, it can be said that this industry will grow to have greater potential. It is only fitting to consider the concept of a new, innovative idea of a surface foundation - but not, often we see such a powerful project in the background and the future arises between many, many ICO.
The pre-ICO of BlocVehicle is set to begin on August 15th and will last about 4 weeks. Investors who participate early in this period, prior to September 14, receive a special incentive package up to 70%. The total number of tokens provided during this period was planned to be 100,000,000 VCL. For the ICO pre-sale, the soft cap was set at 2,000 ETH and the hard hat was set at 11,765 ETH. For the semi-official, the hard hat was set at 49,333 ETH. The bonus programs are being launched along with the token promotions, which will be good news for many ICo hunters and electronic money enthusiasts.
As Airbnb has shown exponential growth since its launch in 2008, we have time and again witnessed a new kind of platform that can adapt and be tailored to the market. . This is evidence that there will be more opportunities to see how the future can be seen. With a new ecosystem in mind, BlocVehicle is what we are looking for.

Ico details and token allocation

Token VCL

Platform Ethereum :Type ERC20

Price in ICO 1 VCL = 0.002 ETH

BONUS

Pre-ICO 70%

Step 1 50%

Step 2 25%

Tokens for sale 400,000,000

Distribution of Tokens

Total of one billion utility tokens included in the Genesis Block of BlocVehicle Network

will be distributed in the following patterns:

400,000,000 => Distributed to ICO members

300,000,000 => VCL pool (used as reward for data production for 30 years)

150,000,000 => Founding team (sale of tokens banned for two years)

150,000,000 => Distributed to advisers and early investors, Airdrop, Country Partner; undistributed tokens to be terminated

Team

Advisors

Conclusion :

The goal of the BlocVehicle venture is to create a true commercial service platform for used vehicles that will provide a transparent P2P system with next-generation automotive maintenance data. In addition, BlocVehicle hopes to showcase a shared economy in the automotive industry.

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