Indonesia country is reported to be growing exponentially in terms of population and requires more vehicles for the transportation. So blockchain comes up with a unique car renting blockchain where one can buy a brand new car via cryptocurrency and that particular veichle is not for its own use but accessible for the rent publically. The blockchain named as “FRASINDO RENT”. This is unique from other car renting companies such as Uber Company & Grab because here you only buy tokens rest of the work is done by the frasindo itself which includes recruiting drivers, training, making service available, security, workshops and earning money in real time. One just have to invest and that’s it. The utmost advantage for token holder who buy a car from Frasindo Rent is that they don’t have to pay taxes to the Indonesian government for frasindo car. But 10% of the Fras-Coin are deducted for the expenses on the car. Based on these features Frasindo Rent have huge market potential. Moreover, it also guarantee that it will grow exponentially per year. These characteristics make Frasindo Rent a supplier of the cars. They follow complete legislations as well, known by the government and pay taxes. They also make partnerships with other car renting companies operational in Indonesia and with other companies such as hotels, air ports to provide token perks to the token holder.
The token to buy car from Frasindo Rent is known as Fras-Coin. The Fras-Coin is available at their website with mention bonuses as well. The total issued Fras-Coin are 100,000,000, which make up to 650 cars per year and the amount of one car liable to car buyer via frasindo is 100,000 Fras-Coin. They are not going to issue other Fras-Coin after these coins are sold out because of the work load. But if in case the coins are not fully sold the Frasindo Rent will still be able to work properly with only 10% of the sale as well. At its full potential Frasindo Rent claim to generate the annual gross of 37.96%. They generate the real time money every day and 24/7. Apart from buying car, Fras-Coin holder also have the liability to check the Frasindo Rent office work as well. This blockchain do not distribute to more sections. 90% proportion of the Fras-Coin are for sale and 8% proportion for the founders of the blockchain rewarded for taking risk and bounty program receive 2% tokens as per rule.
Fras-Coin holder along with getting profit also receive another coin that is car coin for free. This car coin is the license to use their frasindo car privately but not for more than 10 days annually. So that their car generate income properly so they token holder are liable to use car less. To buy Fras-Coin one must have the bitcoin token because this is the only form of money to get Fras token. The crowd sale will lasts till April 15, 2018 and is divided into 7 phases with up to 20% bonus. One of the long term goal of Frasindo Rent is to introduce crypto ATM and crypto debit card to make payments even easier.
The frasindo car user also get other advantages such as free tour guide, free room in hotels (but limited), free pickup from airports as well. For further insight about the project please visit whitepaper.
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