VINCHAIN TOKEN REVIEW

Problem

The problem is captured and explained by Nobel prize winning economist
George Akerlof in his published scientific work "The Market for 'Lemons':
Quality Uncertainty and the Market Mechanism" in 1970. He described the
mechanics of markets where one party (the sellers) know significantly more
about the product than the other party (the buyers). This is also known as
"markets with asymmetric information".

Solution: VinChain

Project VinChain solves the problem of asymmetrical information in the used
vehicle market by creating a decentralized, immutable, transparent, secure,
and reliable vehicle lifecycle repository.

VinChain is a blockchain database that records all information pertaining to
vehicles. For each vehicle, the information accumulates during the entire
period of use. This history is transparent and accessible to everyone.

To protect accuracy of the information, the technology of distributed storage
is used. This guarantees absolute reliability and security of data

How
VinChain Works

Since only seller is aware of the true condition of a salvage car, it’s not easy for the buyer to predict whether the car will truly be in a “good" or "bad" condition.

VinChain is the world’s first decentralized international automotive data marketplace. The VinChain team is working to ensure the complete transparency of a vehicle’s history.

Why you should buy now

 You get our tokens with a huge discount if you get them till December 24.

 Sell or use your VIN tokens after ICO period.

 Use only 25 VIN tokens (1.25 USD) to check the history of any vehicle. The minimum price to buy a vehicle history report on the current market is 9 USD (sample).

 The total amount of VIN tokens is limited and the number of participants will increase dramatically. VIN token will become more valuable.

ICO description

Why Blockchain?
o The advantages of using the blockchain technology for VinChain:
o Blockchain can store any information about the vehicle maintenance
o The opportunity to adjust the access levels for different users
o Absolute reliability
o Transparent system of awards for the data suppliers
o The opportunity to work directly with each market player
o Resistance to network attacks
Pre-sale of tokens for early investors
Pre-sale: December, 1st – 24th 12,500,000 tokens will become available for
placement with the sale prohibition during 3 months after the ICO is over.

Tokens emission and sale on ICO.
ICO will be held from March, 22d through April, 15th, 2018. Payment methods
available for the VinChain tokens:
· Bitcoin (BTC)
· Ethereum (ETH)
· Riple (XRP)
· Litecoin (LTC)
· Waves (WAVES)
· USD, EUR, GBP
Available for placement: 600,000,000 tokens.
The tokens will be distributed between the buyers within 72 hours of the ICO
finishing.
Hard cap
Maximum investment amount: $34,500,000.

MEET THE TEAM