The Decentralized Autonomous Vehicles (DAV) Networks
DAV is a recently established company that permits anyone to purchase and sell autonomous transportation services and put their own self driven vehicles to the ecosystem. They unveiled their DAV token which will be mandatory for clients to conduct business in their network and enable these autonomous vehicles to discover, connect and communicate with each other. The establishment of the DAV networks enables the transmission of tokens through all networks. The DAV network also enable a point-to-point deliver by the aid of smart contracts without the need of the middlemen hereby reducing the costs of both participants involved.
The first App developed by DAV networks is ‘missions which links customers who have the need for goods and services to be delivered through autonomous drones. When the customers demand the drone services, the drones then bid for those requests and a trustless co-operation is then assigned the order to deliver that order to the customer
The innovation behind DAV’s network
The DAV stack contains five main components and each one of them provides a single piece of the puzzle required to enable the decentralized autonomous Vehicles ecosystem. The five decentralized components are: Identity, discovery, Communication, Mission Flow and Payments
- Decentralized Identity
The DAV network has its own peculiar identity - Decentralized Discovery
The DAV network enables the autonomous vehicles to discover, communicate and transact with each other - Decentralized communication- The DAV’S network platform divides the type of communication into two: on-chain communication and off-chain communication.
- Decentralized mission flow- These allows autonomous vehicles to discover each other.
- Decentralized payments- The DAV’S network offers a trustless and secure transactions
The DAV Token
In a plan to hit its aims and achieve its vision, the DAV network established the DAV token sale to begin on June 11 2018 and end on June 25 2018 or else stop if and only if the hard cap target is attained. Both the soft cap target and the hard cap target is $28 million USD. At this point in time, the company restricts individuals/ citizens who currently physically reside in the jurisdiction area of the US or China from participating in their token sale. The following table illustrates everything you need to know about the token sale:
Token Icon
Token Symbol DAV
Token Sale Hard Cap 54286 ETH
Token sale target Capped, 708571429 DAV
Maximum Token Supply 1771428571 DAV
Token Price 1 ETH = 10000 DAV
Minimum Purchase Amount 0.2 ETH
Maximum Purchase Amount 150 ETH
Tokens can be purchased with ETH
The Hard Cap represented in ETH
At the moment the company is currently using an ETH- based hard cap in the place of a USD based one. This change is expected to improve transparency and ensure the users work in one union through the sale process and hence minimize the confusion that may arise as a result of volatile USD/ETH ratio. The current USD/ETH rate is set at $ 700 USD for every ETH which accumulates to 54286 ETH which is the hard cap ($38 million USD)
To ensure the long-life and stability of the DAV’s network platform, the company rolled out its presale token sale. The initial soft cap was attained and the project will proceed without consideration of the outcome of the Main Token Sale. The moves the company made before its presale focused on finding suppliers who can help fund the project and secure its future through advocacy, partnerships, and exposure prior to the Main Token Sale.
Expected use of funds:
45% - Research and development
15%- Marketing and business development
20%- Expansion and Operations
10%- General and administrative uses
10%- Legal and Compliance
Why I think this is a great project in this era
Currently, many companies have begun investing heavily on the self-driven vehicles through the help of blockchain technology. Few examples include Domino’s pizza delivery robot and Amazon’s prime Air drones which lead the way to the futures fully autonomous transportation system. These organizations hire troops of software developers in an attempt to generate a network that controls a fully autonomous transportation system. In addition to this, the self- driven vehicles need charging and maintenance. These compels the company to create several charging stations in the network and service providers whose mandate will be to service the vehicles, wash them and ensure they are fully functional at all times.
Centralization and slim economic interests limit the pace at which transformative technologies can be released and adopted in the market because the main participants are busy dominating their own networks and not creating collaborative infrastructure that is extra stable, firm and efficient that has a higher potential for more diverse use cases in the long last.
Lack of motivation to harmonize various value chains strangles the pace of progress in the sector. An open-source platform that is inclusive and permission-less creates a motivation for many users to join the network and enjoy its future growth in a way that permits much swifter scaling. And that is WHY DAV WILL SUCCEED.
Dav, therefore, comes in handy:
The technology built behind DAV’s network is basically a heap of technological advancements. DAV’s platform enables the open-sourcing of its technological stack and decentralizes protocols around identity, discovery, mission flow and payments provided through a modular UI which in turn creates co-operation. New users can join the network, generating a distributed value and increasing participation in the transportation industry. A decentralized open source network means that users can independently take action in response to poorly filled market needs.
Important Links
Website: https://dav.network/
WhitePaper: https://dav.network/whitepaper.pdf
Telegram: http://t.me/DAVNetwork
Medium: https://medium.com/davnetwork
Github: https://github.com/DAVFoundation
Facebook: https://www.facebook.com/DAVNetworkTeam
Twitter: https://twitter.com/DavNetwork
Bounty Thread: https://bitcointalk.org/index.php?topic=2619886.0
Blog by: Isaac Kimutai
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