Buying Used Cars
So, you already got some bonuses from your work and want to buy a car but it is not enough to buy the new one? Well, used car would be your choice. Yes, you can easily browsing many websites selling used cars. There are tons of used car ads complete with information about used cars brand, type, price, mileage, years of car manufacturing, exterior and interior condition and bla bla bla...
My questions are; Is that information clear enough? Are you sure that the seller is honest about the condition of his car? Are you quite satisfied with the information of the used car? Whether the price really suits the condition of the car or is it overpriced? Ask yourself then. There is something missed here.
Only the former car owner who knows significantly more about the vehicle than anyone. This is a problem for the buyer since it opens them up to potential fraud. They reduce the price they’re willing to pay for the vehicle to hedge against the risk of buying a so-called ‘bad’ car. This could lead to the entire used car market to disappear.
VINChain as Solution
You get my point now, the buyers need for access to reliable, secure, and transparent historic operational vehicle data so that both seller and buyer can determine a reasonable price for the used car. Hence, VINchain comes as a solution. What is that and how it can help? I'll give you a short brief explanation. Here we go!
VINchain is a decentralized blockchain database that records all relevant information pertaining to vehicles. For each vehicle, a blockchain passport is issued which will be stored in a distributed registry. VINchain is also capable of producing reports that can be ordered immediately by buyers, sellers, and other market participants. Those information are accumulated in the databases of all system participants(manufacturers, banks and leasing companies, insurance companies, service stations, banks and leasing companies, dealers, etc.) during the entire period of its use. The blockchain-passport of the vehicle is connected to the Vehicle Identification Number (VIN) and placed in the VINchain blockchain system.
The mechanics of the VINchain system work as follows:
- A request for data is received The entire chain is searched for relevant data
- Reports are created and provided in a structured form
- Members of the relevant registry receives a fee for providing information
Moreover, this platform does not only help buyers to choose a good-used-car, but also helps car owners to record their car data so that they can determine the best price when selling it in the future. The VinChain app will allow you to get the best offers for car maintenance, help you find your car on a huge parking lot, and you can even remotely control your vehicle! You will also receive discounts on services such as maintenance, refueling, and washing
For further details you can check here https://vinchain.io/files/VinChainWhitePaperEn.pdf.
Othewrwise you can watch this video
VINChain ICO
I tell you another good news. Beside recording the vehicle's history, VINChain also offers you something interesting. If you are into cryptocurrency investing and trading, you can generate profits by joining the VINChain ICO.
ICO will be held from February 1st through April 15th, 2018. Several payment methods are available for VINchain tokens:
Ethereum (ETH) – Preferred currency
Bitcoin (BTC)
Litecoin (LTC)
Dash (DASH)
Available for placement: 600,000,000 tokens.
From April 16 through April 23 of 2018, all purchased tokens will be unlocked.
Hard cap: Maximum investment amount: 23 250 ETH.
Soft cap: Minimum investment amount: 3 330 ETH.
Minimum Buying Transaction: no minimum
Maximum Buying Transaction: no maximum
I'm not blindly suggest you buying VIN token with no reason. Vinchain is listed as one of the best top 14 ICO's in 2018. What does it mean? Of couse, VIN would be a promising investment.
Lastly, you can go right to https://vinchain.io/ to join the crowd and don't miss it.
For More Details Kindly Visit :
Telegram : https://t.me/vinchainio
Facebook: https://www.facebook.com/vinchainio/
Twitter: https://twitter.com/VinChain_io
Ann thread : https://bitcointalk.org/index.php?topic=2349186.0.all
Author
Name : Muhamad Dikri
Bitcointalk Link Profile : https://bitcointalk.org/index.php?action=profile;u=1318848;sa=summary