VinChain - Decentralized vehicle history

Introduction

VinChain is making an overall decentralized database of vehicle data that is 100% straightforward, solid, and available by everybody. This database is blockchain based, which will ensure that the data in it has not been faked, changed, or erased. The blockchain ensures full straightforwardness and fabricates confide in the framework.

Data is caught from nation registries, protection and renting organizations, diverse joined forces administrations, private registers, paid APIs, and ensured individuals. Data is additionally caught straightforwardly from the vehicle, so the information is live and refreshed continuously.

Our stage is an open framework and anybody can join and advantage from our system. VinChain will give you 100% dependable and precise data about the auto you will purchase, so you can be certain beyond a shadow of a doubt that it's protected to drive.

VINCHAIN is made to secure the exactness of the information or data of a vehicle, this blockchain innovation utilizes information showed through the SHA-256 cryptographic calculation that guarantees the dependability and security of information, VINCHAIN makes dealers and purchasers commonly gainful on the grounds that the merchant can locate a superior cost for the auto them if any of their capacities are straightforward and effortlessly available.

Mission

•Make obstructs with shifting levels of access to and insurance of data.

• Information security level should relate to the requirements of government organizations.

•Uniting the members in the car business, for example, producers, insurance agencies, merchants, workshops, route framework engineer, turn into the sole biological community to motivations behind information trade.

•Make the foundation and give guide access to the database for each market.

How it Works

Since only seller is aware of the true condition of a salvage car, it’s not easy for the buyer to predict whether the car will truly be in a “good" or "bad" condition.
VinChain is the world’s first decentralized international automotive data marketplace. The VinChain team is working to ensure the complete transparency of a vehicle’s history.

Problem

Solution

Benefits of using VinChain blockchain technology:

i. Blockchain can store information about vehicle maintenance.

ii. Opportunity to adjust access levels for different users.

iii. Absolute reliability.

iv. A transparent reward system for data suppliers.

v. Opportunity to work directly with every market participant.

vi. Resistance to network attacks.

ICO

Pre-sale of tokens for early investors

Pre-sale: December, 1st – 24th 12,000,000 tokens will become available for placement with the sale prohibition during 3 months after the ICO is over.

Tokens emission and sale on ICO.

ICO will be held from March, 22d through April, 15th, 2017. Payment

methods available for the VinChain tokens:

Bitcoin (BTC)

Ethereum (ETH)

Riple (XRP)

Litecoin (LTC)

Waves (WAVES)

USD, EUR, GBP

Available for placement: 600,000,000 tokens.

The tokens will be distributed between the buyers within 72 hours of the

ICO finishing.

Hard cap

Maximum investment amount: $34,500,000.

Token

The VIN Tokens will increase data trading between data owners and buyers. A total of 1, 000, 000 (1 Billion) VIN tokens have been created whereby 600,000 will be offered for sale. 1 VIN is equivalent to 5 Cents. Currencies received include ETH, BTC, XRP, LTC, WAVES, USD and EURO. The first phase of Pre-ICO was held on 23 November 2017 for early birds. A minimum cap goal is set at $ 5,000,000 USD and the maximum cap is postulated to be $ 34,500,000 USD. Pre-ICO will commence on December 1, 2017 and will expire on December 24, 2017. The pre-ICO funds will be distributed as shown in the diagram above.
We have set a reasonable minimum purchase of $ 1, but there is no upper limit. Currencies received are USD, BTC, ETH, XRP, LTC, WAVES, and EURO.

Pre Sales

December 1, 2017 14:00 UTC - December 24, 2017 14:00 UTC

Sales

22 March 2018 14:00 UTC - 15 April 2018 14:00 UTC

Role Token Enable data trading between data owner and buyer

VIN symbol

Provide 1'000'000'000 VIN

Sold 600'000'000

VIS Emission Level No new token will be created

Price 1 VIN = 5 cents

Currency received ETH, BTC, XRP, LTC, WAVES, USD, EURO

Sales Period 22nd March 2018 14:00 UTC to 15 April 2018 14:00 UTC