The VinChain project solves the asymmetric information problem at used vehicle market by creating decentralized, unchanged, transparent, safe, and reliable recycling vehicles.
Every day hundreds of thousands of used cars are sold in the world, and every buyer wants to get reliable information about technical condition car. This is an important security, financial, and security issue. Unfortunately there is no single car database. Some are commercial basic, but they do not solve this problem. Their information is stored centralized and there is a risk it is wrong. The commercial base is closed and not exchanging information among themselves. As a result, Car buyers risk withdrawing and losing money.
What is Vinchain?
VinChain is a blockchain database that records all information related to the vehicle. For each vehicle, information accumulated during the entire period of use This history is transparent and easily accessible to everyone. To protect the accuracy of information, distributed storage technology is used It guarantees absolute reliability and data security.
The purpose of Vinchain
Change the global market of used cars by making them honest, transparent, reliable and with equal access to information for each participant.
The purpose of the project
1. Create blocks with different levels of access and information
protection. The level of data security should be in accordance with the needs of government agencies.
2. Unite participants in the automotive industry, such as
manufacturers, insurance companies, dealers, workshops, navigation system developers, into a single ecosystem for data exchange purposes.
3. Create the infrastructure and provide direct access to the database
every market participant
The solution offered by VinChain
For each car we will issue a blockchain passport, which will be stored in a distributed list. The VinChain project will unite all data providers and create a continuing car history, with no lack of a centralized database. Market participants such as car manufacturers, car dealers, insurance companies, banks and leasing companies all require a history of exploitation and they need transparency, affordability, reliability and authenticity. Buyers who currently choose a car can also order our report immediately.
Benefits of using VinChain blockchain technology:
- Blockchain can store information about vehicle maintenance
- Opportunity to adjust access levels for different users
- Absolute reliability
- A transparent reward system for data suppliers
- Opportunity to work directly with every market participant
- Resistance to network attacks
Ico
Pre-sale: December, 1st - 24 12,000,000 tokens will be available
for placement with a sales ban of 3 months after the ICO expires.
Emissions and sales tokens in ICO.
ICO will be held from March, 22 to 15 April 2017. Payment
methods available for VinChain tokens:
● Bitcoin (BTC)
● Ethereal (ETH)
● Riple (XRP)
● Litecoin (LTC)
● Gelombang (GELOMBANG)
● USD, EUR, GBP
Available for placement: 600.000.000 token.
Token will be distributed between buyers within 72 hours
ICO Completion
Maximum investment amount: $ 34,500,000.
Bonuses and discounts
Token distribution patterns are as follows:
the distribution of the Genesis block in the VinChain Network will include
1,000,000,000 utility tokens.
● 600,000,000 => distributed among ICO members;
● 250,000,000 => reserved among founders, consultants and others
team members with a 2 year sales limit;
● 137,500,000 => backed up with a 2 year sales restriction;
● 12.500.000 => is reserved for initial investors with sales restrictions
3 months after the ICO ended
TOKEN SALES
We have set a reasonable minimum purchase of $ 1, but there is no upper limit. The accepted currencies are USD, BTC, ETH, XRP, LTC, WAVES, and EURO.
Pre Sales
December 1, 2017 14:00 UTC - December 24, 2017 14:00 UTC
Sales
22 March 2018 14:00 UTC - 15 April 2018 14:00 UTC
Token Role Enable data trading between data owner and buyer
VIN symbol
Provide 1'000'000'000 VIN
Sold 600'000'000 VIN
Emission Level No new token will be created
Price 1 VIN = 5 cents
Currency received ETH, BTC, XRP, LTC, WAVES, USD, EURO
Sales Period 22 th March 2018 14:00 UTC to 15 th April 2018 14:00 UTC
Distribution of Token 17 th April 29 th April 2018
The minimum goal is $ 5,000,000
The maximum goal is $ 34.5 million
Road Map
Team
For more information please visit some links below:
WEBSITE: https://vinchain.io/en
WHITEPAPER: https://vinchain.io/files/white_paper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2349186.0.L
Facebook:https://facebook.com/vinchainio/
Twitter: https://mobile.twitter.com/VinChain_io
Telegram: https://t.me/vinchainio
My profile: https://bitcointalk.org/index.php?action=profile;u=913491
ETH: 0x78b383c8944CE0CE0AF242E968080bcF1A72b7C8
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