Stepping into the world of blockchain through the most needed industry that needs it; the car rentals. Frasindo Rent or Fras Coin is changing how world trusts or perceives the car rentals or online car rentals in today’s world. Looking to replace the centralised car rentals Indonesia which are in truth just applications like UBER, GRAB, GOCAR etc. Frasindo Rent is aiming to be a more transparent and trust worthy system for transportation.
The blockchain technology to rescue: An interesting technology that has been changing the system in all sectors by 180 degree; blockchain has been making everything decentralised. This technology also helps in direct peer-to-peer communication and transaction. The technology still being in its initial stages attracts many scammers and has many loop holes by Frasindo Rent aims to solve them all. Frasindo Rent intends to end all malpractices that happen through blockchain and utilize this advanced technology much better.
The problems and risks: The problems and risks pertaining to this are that founders of the company fake their identity or hide it for privacy reasons. The investors can hardly know who they are dealing with. These founders can hold on to the member’s money without owning any legal documents and permits. The scammers often have excellent designs and marketing plans even though they might not own an office or permanent address. Selling empty promises of getting profits and while not even having an actual product or brand these people fraud the investors.
The solutions by Frasindo Rent: By verifying the founders for their id proofs and these ids are open to all public viewing for transparency. The investors can always video call or meet or greet the founders for confirmation. The marketing and designs are made by experts or through external services. There is proper planning and execution done for every company under Frasindo Rent even for expansions. The Fras coins can be earned by individual for free car usage while these car coins can also be earned and spent on the platform with complete security and transparency. Frasindo Rent with its main product the Blockchain incubator which is self-sustainable promises to cancel out any scammers in the industry and give people something that they can trust in. Experts at managing the online taxis in Indonesia Frasindos Rent will be competing with all the deceptive companies that are in the market.
Fras Coin distribution: The Fras coin is the tokens that can be used on the platform by the users. Out of all the Fras Coins 8% will be reserved for the founders and management team. 2% of the tokens will be allocated for bounty and used for marketing purpose. The major chunk of the tokens which is 90% of it will be out for sale. For the token sales there are 7 rounds of the crowdsale that will be conducted to ensure proper distribution. The funds that will be gathered by the crowdsale will be used to buy cars and its working permits. Any additional costs incurring will be pulled out from the daily income by the cars that already exist.
For More Details Visit:
Website: https://www.frasindo.com/
Whitepaper: https://drive.google.com/file/d/1jWnP6nWK7omHNZZp4iUrhSAJu3BifGwt/view
By: karanj
Btalk profile:https://bitcointalk.org/index.php?action=profile;u=1030341