Everyone who invests in our project might have a very reasonable question why we are so confident of Vinchain being profitable?! We have several key points which will definitely persuade you — we know what are we going for!
Experience and background:
We started working on this project in February 2017 from studying blockchain’s ability to collect and store information. You may think that we are new to this, but you will be totally wrong. Our partner, such as Autoinspect, has been in the industry more than 10 years already, so they have gained huge experience in automotive sphere. They became our first data providers.
Loсation:
We are starting from the US market because this industry is extremely developed there but we are aiming to develop our project all over the world.
Reason for demand:
In some states of the US, there is a prohibition on selling a car without VIN history due to the negative reputation of dealers. We believe that it’s going to be on a federal level, so the need in our reports will only increase. European Parliament is going to call for the documentation of all odometer readings starting from the 20th of May 2018 to prevent manipulations with odometers. The problem is real and existing databases are centralized what leads to series of problems.
Market review:
95 million cars were sold in 2016, sales are growing every single year, and manufacturers are also increasing the production. The market for all cars in the world consisted of 1.38 billion units in 2016. Together with the cost of a history report ($15), the total volume of VinChain market is $20 billion dollars. This is the analysis of trends in the largest markets of the world — USA and the European Union.
Reason for growing token price:
We have a limited amount of tokens so, with the growing popularity, the price on them will grow as well. Besides, we are aiming to make a partnership with so many different participants of automotive industry as possible. So that’s why we, as a company, will only be receiving the smallest share of payment for the reports we will be providing. We are not looking for the quickest way to earn but for perspective growth of our tokens.
Help us to reach the goal by participating in our presale. You will get 17 140 Vinchain tokens for 1 ETH. Don’t miss your chance to achieve success with us. You can do it here: https://vinchain.io/register
To know more visit our website and check out our social media:
Website: https://vinchain.io
Telegram: https://t.me/vinchainio
Facebook: https://www.facebook.com/vinchainio/
Twitter: https://twitter.com/VINChain_io
Blog: https://vinchain.blogspot.com/
Medium: https://medium.com/@VINChain