about

Business Idea

Every modern vehicle comes with some relevant data. Now imagine if that data is stored automatically in a public ledger based on the blockchain technology. This could pave the way for many things, one of which is making the used-car-market trading much easier as all of the people interested in buying your car will have access to its data. This is where BlocVehicle comes in!

 

It will also give an opportunity to make profit with it by offering various car-related services such as vehicle leasing. The plan is also to connect with automotive service providers and create a great platform for cars. But before that - let’s take a closer look at their ICO.

 

Token

 

The token symbol for this platform will be VLC (vehicle token) and a total of 1,000,000,000 will be issued. The tokens will be based on Ethereum platforms and 1 ETH can be exchanged for 5,000 CVL. In other words, 1 VCL will be worth 0.002 ETH. In Ether terms, the soft cap for the Pre-ICO will be 2,000 ETH and the hard cap 11,765 ETH.

 

Pre-ICO is planned from August 15 to September 14 and the ICO is planned from September 20 to October 31. Furthermore, the planned soft cap for the main ICO is 2,000, but the hard cap is 49,333 ETH.

 

When it comes to the token distribution, a total of 100,000,000 will be distributed in the pre-ICO while the ICO will see 300,000,000 tokens distributed.

 

There is a bonus system planned out for the investors and it goes like this:

 

  • Pre-ICO = 70% Bonus (1 ETH = 5000 VCL + 3500 VCL)
  • Stage 1 = 50% Bonus until 13,333 ETH is reached (1 ETH = 5000 VCL + 2500 VCL)
  • Stage 2 = 25% Bonus until 16,000 ETH is reached (1 ETH = 5000 VCL + 1250 VCL)
  • Stage 3 = 0% Bonus until 20,000 ETH (1 ETH = 5,000 VCL)

 

Team

 

The team currently includes nine members, four of whom are actually co-founders of the project. They are:

 

  • Changha Lee - CEO and Co-Founder
  • Seonggi Lim - CMO and Co-Founder
  • Seongtae Gwak - CTO and Co-Founder
  • Gijung Choi - Co-Founder

 

The team looks really strong and they have great plans for expansion if the ICO goes well.

 

Roadmap

 

The project started in 2017 and the members started working actively on it in 2018. The whitepaper was published in May, and the first investors were able to invest in June.

 

After the ICO is completed, they plan to complete the logical system diagram and development methodology for BlocVehicle in September. December is reserved for becoming listed on exchanges.

 

In 2019, it’s when the real action starts. Their plan is to promote the company on the Asian market and complete the first vehicle system launch.

 

By 2020, they should have expanded across the world.

review conclusion

This is undoubtedly an original idea definitely worth considering. If you happen to be a car enthusiast or a lover of various types of motor vehicles - you might be interested in this cutting-edge technology whose purpose is to make trading significantly easier.

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milestones

Started project

Dec, 2017

Started pre-sale of tokens to early investors

Jun, 2018

Complete BlocVehicle's logical system diagram Complete H/W and S/W logical diagram & development methodology

Sep, 2018

Form promotional & regional partnership for Asian market

Mar, 2019

Form promotional & regional partnerships for U.S. & European markets

Jun, 2019

Complete 3rd vehicle system Launch vehicle link service for car-sharing service providers

Sep, 2020

Published white paper

May, 2018

Pre-ICO

Aug, 2018

List on token exchange

Dec, 2018

Complete 1st vehicle system Launch BlocVehicle services (vehicle app, data, dealer & sharing services)

May, 2019

Complete 2nd vehicle system Launch vehicle link service for used car providers

Mar, 2020

team

Changha Lee

EO at Banet Information Technology

KJ Choi

CEO at COMPASS System

Seongtae Kwak

CEO at SOFTBase

Sungki Lim

CEO at Adweb Communications

Byoungchang Han

CIO

Youngkeun Moon

PMO

Jusung Kim

Full Stack Developer

Munseok Koh

Full Stack Developer

Dalsu Byun

Blockchain Developer

Changgyun Kim

Blockchain Developer

Dongil Kim

System Manager

Yunho Cho

Project Leader