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.
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)
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.
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.
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.
Started projectDec, 2017
Started pre-sale of tokens to early investorsJun, 2018
Complete BlocVehicle's logical system diagram Complete H/W and S/W logical diagram & development methodologySep, 2018
Form promotional & regional partnership for Asian marketMar, 2019
Form promotional & regional partnerships for U.S. & European marketsJun, 2019
Complete 3rd vehicle system Launch vehicle link service for car-sharing service providersSep, 2020
Published white paperMay, 2018
List on token exchangeDec, 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 providersMar, 2020
Changha LeeEO at Banet Information Technology
KJ ChoiCEO at COMPASS System
Seongtae KwakCEO at SOFTBase
Sungki LimCEO at Adweb Communications
Jusung KimFull Stack Developer
Munseok KohFull Stack Developer
Dalsu ByunBlockchain Developer
Changgyun KimBlockchain Developer
Dongil KimSystem Manager
Yunho ChoProject Leader