BitCar

Exotic Car Asset Tokenization


Rare collectable Exotic Cars are limited to the very wealthy and hard to access. Historically these cars make up one of the best performing asset classes over the last decade. BitCar is the first platform in the world that will allow you to P2P trade fractions of exotic cars using your crypto. Owners can peg their crypto to these hard assets for protection during times of high crypto volatility. Users will have access to this historically outperforming asset class for the first time through BitCar. BitCar will then also seek to provide fractional ownership services to the very large automotive industry using this new decentralized blockchain technology.

Cryptocurrency Platform

3.9


4.1
ICO PROFILE
3.8
TEAM
3.3
VISION
4.1
PRODUCT
Ended
Token BITCAR
Platform Ethereum
Price 1 BITAR = 0.10 USD
Country Singapore
ICO Start Date 31 Jan 2018
ICO End Date 20 Apr 2018

About BitCar

Rare and exotic hyper, mega and super cars (Exotics) are an international commodity. However, ownership of them has been limited to the wealthy, until now.

In a world first, Bitcar.io (Bitcar) allows users to hold or trade digital ethereum blockchain tokens called BiTcar, giving access to a platform where exotics can be owned and traded in small fractions. a second level car token will be used as the digital asset token for the individual exotic cars.

Both cryptographic asset owners seeking access to such hard assets, as well as more traditional exotic and classic car enthusiasts, can now trade in Exotic cars which have been one of the world’s best performing asset classes over the last 10 years, outperforming property and gold over this time 1.

In a disruptive and innovative world rst, BitCar opens direct ownership of this asset class to the public for the rst time. Veri ed Agents will source, acquire and store Exotics, as well as display them. After a 5 to 15 year term, they will be sold with the returns passing back to the asset token owners. During the term, Platform users can peer to peer trade their interests without an intermediary in a trustless manner.

BITCAR tokens provide the utility to the decentralized BitCar Platform (Platform) and allows access to the second order token for acquiring and peer to peer trading the tokenized Exotics as well as being used in an incentive scheme, that is set up to reward parties marketing the Ecosystem.

Control over fractionalized or tokenized Exotics will remain with the token owners, who will be able to democratically vote on matters relating to their ownerships, such as liquidation dates, displays of their car etc. This is relatively simple from a technical perspective given that blockchain technology is at the heart of the fully decentralized Platform.

Team

Milestones

  • 1

    Q4 2017

    An idea was born, turned into reality, whitepaper released and TGE planned.

  • 2

    Q1 2018

    Update to software development and decentralized Platform testing will begin.

  • 3

    Q2 2018

    Marketing of Bitcar and incentivization of partners will start.

  • 4

    Q3 2018

    Updated Platform will be released and trading launched.

  • 5

    Q4 2018

    Initial Bitcar awards issued.

  • 6

    Q1 2019

    Trading volume accelerates, volume of Exotics increases rapidly.

  • 7

    Q2 2023

    Potentially first Exotic sold from Platform.

Financial

Token Info
Token BITCAR
Token Type ERC20
Platform Ethereum
Price in ICO 1 BITAR = 0.10 USD
Tokens for Sale 250000000
Investment info
Accepting ETH, LTD, BTC, Fiat
Distributed in ICO 50%
Soft cap 5,000,000 USD
Hard cap 22000000 USD

Others in "ENDED ICO"