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Description

Description


BitCar opens up the Exotics (rare and exotic hyper, super and classic cars) asset class to everyone in the world, allowing anyone to purchase an interest and or trade in different Exotics. BitCar is opening up the door to traditional car ownership of Exotics. BitCar is an Ethereum-based Exotic cars trading platform. Historically the ownership of Exotics and classic cars has been limited to the very wealthy, BitCar intends to disrupt this fact. Another neat feature of BitCar's ecosystem is that owners are able to peg their crypto to these hard assets for protection during times of high crypto volatility.

BitCar runs on a dual-token system, allowing users to hold or trade digital Ethereum blockchain tokens called BITCAR, which grant access to a platform where Exotics can be owned and traded in small fractions. A second level CAR token is used as the digital asset token for the individual Exotic cars.

Full Name BitCar (BITCAR)
Start Date N/A
Algorithm ETH Token
Proof Type N/A
Website https://bitcar.io/
Twitter @BitCar_io
Facebook https://www.facebook.com/bitcar.io/
Reddit https://www.reddit.com/r/BitCar_io/
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


BitCar opens up the Exotics (rare and exotic hyper, super and classic cars) asset class to everyone in the world, allowing anyone to purchase an interest and or trade in different Exotics. BitCar is opening up the door to traditional car ownership of Exotics. BitCar is an Ethereum-based Exotic cars trading platform. Historically the ownership of Exotics and classic cars has been limited to the very wealthy, BitCar intends to disrupt this fact. Another neat feature of BitCar's ecosystem is that owners are able to peg their crypto to these hard assets for protection during times of high crypto volatility.

BitCar runs on a dual-token system, allowing users to hold or trade digital Ethereum blockchain tokens called BITCAR, which grant access to a platform where Exotics can be owned and traded in small fractions. A second level CAR token is used as the digital asset token for the individual Exotic cars.

Team:

  • John Bulich: Co-founder & Technology Advisor. 
  • Gov van Ek: Co-Founder. 
  • Nuno Martins: Co-Founder and CTO.
  • Alasdair Penman: Software & Blockchain Engineer. 
  • Julia Buchholz: Digital Advertising & Marketing Strategist. 
  • Daniel Woodroof: Cars Specialist.  
  • Charles Kilborn: International Engagement. 
  • Sheree Ip: Legal & Blockchain Development.  
  • Jesica Sanchez: Branding Designer. 
  • Peter Briggs: Advisor & International Relations.

BitCar will be holding its ICO on January 31st, 2018. The ICO token supply represents 50% of the total token supply, so there will be a total of 250,000 tokens available, for 0.10 USD each at the offering. The ICO funding cap is 22,000,000 USD and is expected to end on April 20th, 2018 or when the funding cap is reached.

Token Reserve Split (50%):

  • 19% Founders and development team;
  • 14% Growth and incentive pool;
  • 6% Early backers and external owners;
  • 11% Company token reserve.

BitCar ICO campaign will feature Bonuses and bounty campaign, and the token will not be mineable.

Bonus Structure:

 

USD Total funds raised based on the following Exchange rates:

1 BTC = 9,667.50 USD

1 ETH = 805 USD

1 LTC = 162.00 USD

ICO Status Ongoing
Token Supply 500000
Start Date 2018-01-31
End Date 2018-04-20
Fund Raised (BTC) Presale: 6,500,000 USD 13.4499 BTC 1.9438K ETH 403.5225 LTC
Fund Raised (USD) 8249427.63
Start Price (USD) 0.10
Security Audit Company N/A
ICO Legal Form N/A
ICO Jurisdiction N/A
Legal Advisers N/A
Blog https://medium.com/@bitcar
White Paper https://bitcar.io/data/BitCar%20Whitepaper.pdf
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