While cryptocurrencies are growing day by day with many new future ICO's are coming, but today I will write about a potential very interesting ICO known as Bitcar (BITCAR).
SO WHAT IS BITCAR ???...
- Bitcar (BITCAR) is Ethereum based ERC20 smart contract.
- With Bitcar (BITCAR), you will be able to buy & have real shares in Hyper Cars such McLaren F1, Buggati Chiron, Mercedes AMG project 1, Koenigsegg Agera RS, Pagani Huayra BC, Porsche 918 Spyder e.t.c.
- The carshares will be kept on the blockchain with real physical car behind. With the passage of time Hypercars grow in value & therefore your shares will increase in value with the car value.
- Over the time the Bitcar (BITCAR) token value will also increase with demand therefore giving you additional profits.
Dual Token Structure and Tokenization of Exotics
- The BitCar token (BITCAR) will serve to access the platform & as a main cryptocurrency.
- The Exotic asset tokens, (CAR), are also ERC20 Ethereum public blockchain tokens which will be based on actual physical car value. These token quantity will be created according to each Hyper car value.
- All maintenance of the Exotic Hyper car will be managed by asset managers.
The ERC20 CAR token private keys are held by the users and will be traded via the asset manager smart contract
Below is a simple picture showing the structure of the platform.
[source] https://bitcar.io/data/Bitcar%20Whitepaper.pdf
WHY IT WILL BE A POTENTIAL SUCCESS ???...
- Bitcar (BITCAR) will be the worlds first P2P Exotic car trading platform which will work on the blockchain.
- Its a unique idea & first of its kind.
- Team is very capable & has put up a two years of research prior to ICO.
- Team has extensively checked the legal aspect of the project across the globe.
- This will potentially open the gate for Hypercar purchase through cryptocurrency which is in their roadmap as well.
- This could be a potential BIG giant (around year 2022) in buying, selling & trading Hypercars on the blockchain.
- Bitcar crypto assets will not be affected by crypto market volatility as value will be kept to a safe level by original physical Hyper car therefore a potential good investment for cars enthusiasts.
TOKEN PRE SALE...
Bitcar (BITCAR) token pre sale will commence on 31st January, 2018. 3PM SGT (Singapore Time).
LINKS TO CHECK...
- https://bitcar.io/ (Official website)
- https://bitcar.io/data/Bitcar%20Whitepaper.pdf (Bitcar White Paper In English)
- https://bitcar.io/data/BitCar%20Token%20Paper.pdf (Bitcar Token Paper)
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