Listed on exchange: cV token’s journey to the Moon has started

It happened  sooner than we said and faster than community probably  thought — carVertical token was listed on KuCoin exchange only a week  after completing the ICO! What is more, Tesla Model S was announced as  the main prize for trading promotion.Established  in Hong Kong, KuCoin has recently become one of the most favoured  exchanges within the crypto community. It’s no surprise that carVertical  tokens (cV) started their journey here — lately, KuCoin is listing only  prominent tokens, leading to a price increase for every token that is  listed.This sounds ambitious, but we feel confident for a reason.

A pleasant flight

Being the  first global blockchain-based car history registry, carVertical has  already proven its significance during the ICO. We built strong  community, so 3 weeks were enough to reach the $20 mln. Hard Cap. This  sounds even more impressive knowing that all contributions came from  individual community members, without any whale investors.Since  cV tokens were listed on exchange, an invisible hand of cryptocurrency  market takes the lead now. But there are a lot of signs the trip will be  nice for carVertical.Primarily, audience needs our services. We get this message every day from our community which exceeds 11K members in Telegram channel  alone. So, carVertical’s team is already developing products to solve  real problems for car buyers all over the world. Watch our engineers  Audrius and Arūnas talk over development progress in development update #2.In  line with our experienced and dedicated team a wonderful advisory board  stands, including former Tesla Motors executive, BMW group  representatives, CTO of OLX group, cyber security strategist of New York  City, etc. Feel free to admire a full list here.

Let’s talk facts

Naturally, we have some subjective arguments why carVertical value should grow in the nearest future.

• carVertical  is projected to start generating revenue from its products in June  2018. In five years period, the turnover is forecasted to reach the  level of €27,2 mln. with EBITDA of €10,5 mln.
• cV  token should be the only way to buy carVertical services. Therefore,  staking comes in place: person who owns more cV tokens gets significant  discounts when buying our products. That means cheaper API calls,  reports, white label, car insurance and other services.
• Token  value will directly correlate with effectiveness of our service. It  will grow exponentially with the number of users we will onboard.  Broadly speaking, carVertical service effectiveness will be determined  by the efficiency of our machine learning and mathematical models. The  more users come to carVertical, the more data we generate. The more data  we operate with, the better machine learning and mathematical models  get. This in turn attracts new users and magical wheel never stops.
• As  you already have seen in this post, carVertical developers are already  building the product. We’ve already signed an agreement with Diginet,  biggest classifieds website group in Baltic states, to deliver white  label solution for their auto classified sites. And it’s just a  beginning. We announce big news constantly.
• It  is inevitable that all national and privately held registers will move  to blockchain in a few years. carVertical plans to be the first one  “sitting at the table”, when governments and big companies come  searching for decentralization solutions to fit their needs.

Future has already begun

Furthermore, carVertical project is backed by European Union  and also has gained more support at institutional level lately. A few  days ago, we signed a partnership deal with Regitra, Lithuania’s  national operator of the Registry, to receive vehicle data from  centralized database. It is a unique case of centralized data partially  becoming decentralized — something that carVertical is aiming for.So, it seems we’ll have a really nice trip. It might even be a trip to the Moon.