What Is Careon Chain?
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’s Vision
The vision behind the development of this project emanates from the incredible potentials of the crypto sphere. Careon chain will develop a transparent platform for the community to serve the problem of research in the field of hybrid cars. Furthermore, REO tokens will be used to upload any research work in block chain data and companies can also buy it through users by paying REO tokens. In future REO token can be used for purchase of hybrid cars and can be used in E-commerce websites
Issues And Opportunites
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.
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.
Parameters Of The ICO
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
Distribution of token:
About Token Burn
Careonchain is going to launch its ICO on 14th July 2018 and has implemented every effective method to increase the value of its token. One of the most credible methods is burning the unsold tokens in the ICO. You might wonder how it helps in raising the value of tokens, we’ll tell you how.
It is quite based on the principle of demand and supply. When the supply of a commodity is less, the price of that commodity automatically goes high. However, in the cryptosphere, burning tokens means getting rid of the unused and unsold tokens to maintain the value of the remaining ones.
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.
Careon Chain Benefits
Fast Transactions
The platform is a unique one and through the usage of blockchain technology, transactions made on the system are very fast and reliable.
Exchange Money
The platform offers an exchange whereby exchanges done between various popular currencies is are fast. Users can instantly send and receive from one currency to the other.
Investment
The platform contains an improved system used to verify borrowers of funds for investments. It also provides verification services for other services and platforms also.
Online Wallet
The platform offers its users with an online wallet where they can keep exchange and invest their money on the system in a secure and transparent way. Users can also use the stored money to make purchases and pay for service.
Advanced Security System
The platform contains an advanced security system for the storage of all the hybrid car technology papers using the blockchain technology. Users can rest assured that the information is safe and will not fall to unauthorized hands.
CAREONchain Roadmap
More details about the project:
Website: https://www.careonchain.io/
Whitepaper: https://www.careonchain.io/whitepaper.pdf
Facebook: https://www.facebook.com/Careonchain-446316425808238/
Twitter: https://twitter.com/careonchain
Telegram: https://www.t.me/careonchain
Author: Xiaohuynh
Bitcointalk username: frea2012
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1840788
Ethereum Wallet Address: 0x5Ca7B519A59906965b6809A598096feCa80c1f41