CAREONchain (A Decentralized Vehicle Platform)

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CAREON Chain is a blockchain-based platform that aims at providing a single forum for the sharing of hybrid vehicle data, projects, innovations, and research work. It seeks to achieve this by making the whole world act as a research, innovation, and development center for technology in the automotive sector for the development of hybrid cars. The platform seeks the generation of an interaction between developers, researchers, and manufacturers of hybrid vehicles across the world.
Careon chain is a decentralized vehicle platform that will collect all relevant information about new and latest hybrid vehicle technology, including research reports, journals, m ileage, and any other relevant information. The idea of our project is to solve the problem of REARCH AND DEVLOPMENT hybrid technology in field of automobile. the required information can be used vehicle market by creating a decentralized, transparent block chain database that records all information of research that is going on throughout the world for development of hybrid vehicles.

How Careon Chain Blockchain Hybrid Vehicle Platform Works

The platform offers a decentralized network that allows the storage of every research work whether it’s college projects or research that is scientifically proven to be used to develop hybrid technology usable in the automotive sector. The hybrid car technology helps in the production of hybrid vehicles that are of low cost due to government tax incentives, are high performing, and will reduce the dependency of car owners to the usage of fossil fuels like petrol and diesel thus leading to reduction in pollution.The purpose of hybrid cars is the provision of a cutting edge, practical solution to drivers by producing less toxic gases. The hybrid car combines a gas engine and an electronic motor whose batteries are automatically recharged while driving, which helps the engine while it is accelerating. The platform’s goal is the changing of the global market of hybrid cars by making it highly transparent and reliable. It also seeks to make the relevant information very accessible to its users.

Blockchain Technology

Blockchain is surely a backbone of every ICO project and Careonchain is no exception. As we are technology enthusiasts, we realized the potential of this technology. And it resulted into two most advanced and futuristic technologies coming together.

If hybrid is the future, then blockchain is the path on which we will reach through it. Blockchains have the potential to revolutionize every domain, it can bring an unbiased and transparent system which would be beneficial for the whole human society.

Advanced Security System

Blockchain is synonymous to security, which explains this point. However, there are precautions one needs to follow while conducting commercial activity like ICO. Careonchain has emphasized on protecting the identity of each participant.

We have inducted KYC for token sale which will protect the each and every user’s information. There are many such safety measures that Careonchain has taken for making its ICO and post-ICO operations secure.

Multicurrency Coins

Careonchain has launched its proprietary REO tokens which will be tradable like any other cryptocurrency. The token holders will be able to exchange REO tokens for multiple cryptos. REO tokens will be listed on all the leading cryptocurrency exchange.

Internal Exchange

Careonchain platform comes with an inbuilt internal exchange. This would be an immense help to the token holders who wish to acquire another currency through REO tokens. The exchange comes with ultimate security enabled with blockchain and smart contracts.

This exchange comes high algorithmic capability and structure which supports computations of bulk value. Internal exchange plays a vital role in Careonchain blockchain, it helps us in maintaining the value of REO tokens.

Safety Fund

The safety fund works as a fund for token holders where they can save their tokens for future purpose. It works just like a savings account, but, as it is built on blockchain, the token holder will be the only owner of his individual fund.

The funds will be secured with smart contracts which validate this whole process. While funds are kept secured in the blockchain, the token holders are free to avail all the services provided by the blockchain.

Careon Chain REO Token & ICO Details

The platform’s token called the REO coin is a utility token on the platform that gives investors an opportunity of trading on the network. Users need to hold the REO tokens issued during the platform’s Initial Coin Offering, in order to upload their research work on the system. The manufacturers of the hybrid cars will purchase the research data from users and pay for it using the tokens. In future, the tokens will be used for the purchasing of hybrid cars and in eCommerce websites.

ICO Details

Token symbol: REO
Token sale date: 5th Aug- 15th Oct 2018
Accepted payment method: ETH, BTC
Total token supply: 360,000,000 REO
ICO: 165,000,000 REO
Soft cap: 2,000,000 USD ( Reached)
Hard cap: 20,000,000 USD

How REO Token Will Work

CAREONCHAIN only motive is to provide Research & Devlopment platform for making Innovation in hybrid car Technology through A unique hybrid blockchain network . Thereby collecting all the related Research work from a ground level to high level which is being done In most of the Lab Around the world . This Research work are not Funded properly And neglected due to many different reasons but if studied in detail these Research work can be utilised for devlopment In Hybrid car Technology sector. Thereby careonchain motive is to make Whole act as an Research and Devlopment centre to these Hybrid Car Technology.