BitCar

BitCar

Created using Figma
Created using Figma

Last Update

Mar 15, 2018

BitCar a World First tokenising Exotic Cars. In a earth first, BitCar.io (BitCar) allows users to hold or commerce digital Ethereum blockchain tokens called BITCAR, giving access to a platform where Exotics can be owned and traded in little fractions. A second level CAR coin will be used as the digital asset coin for the single Exotic cars. BITCAR tokens provide the utility to the decentralized BitCar Platform (Platform) and allows access to the second order coin for acquiring and peer to peer trading the tokenized Exotics as well as being used in an incitement scheme, that is set up to reward parties marketing the Ecosystem. The BitCar selling of BITCAR tokens will allow it to flourish, fund extensive marketing and complete Platform development. This will help BitCar potentially open the world’s first and largest noble to peer Exotic car trading platform, opening up the best performing asset rank over the last 10 years. The development includes smart contracts that represent decentralized, tokenized Exotics on the Ethereum Blockchain. BITCAR tokens are the utility coin of the Platform and will also be used to incentivize users of the Platform and other partners performing services to build a earth of Exotic Car interests.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Idex
    BITCAR/ETH one hour ago
    $ 0.0010
    $ 11.87
    -
    -
  • DDEX
    BITCAR/WETH one month ago
    $ 0.0005
    $ 3.01
    -
    -
  • TokenJar
    BITCAR/WETH 2 months ago
    -
    -
    -
    -
  • DDEX
    BITCAR/ETH
    -
    -
    -
    -
  • Joyso
    BITCAR/ETH
    -
    -
    -
    -
Public Token Sale
Mar 31, 2018
Apr 20, 2018
100% completed
$9 200 000
cap
goal
41% goal completed
Goal 22 000 000.00 USD
Cap 22 000 000.00 USD
past
  • 1 BITCAR
    =
    0.1 USD
Token Details
Ticker
BITCAR
Accepted Currencies
ETH, BTC, LTD, FIAT
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Platform, Cryptocurrency, Entertainment, Art, Software

About BitCar

What is Bitcar?

BitCar is a blockchain technology company that seeks to disrupt ownership in the automotive industry globally, and initially in the sector of Exotics – rare and collectible hypercars, supercars and top end classic cars. Historically these cars have appreciated in value at a greater rate than any other asset class over the last decade, however, have only been accessible to the extremely wealthy. These Exotics have actually outperformed gold, silver, property, the S&P 500 and others over this time making it a very important, large and relatively untapped asset class.

By processing vehicle titles on the blockchain, BitCar seek to facilitate fractional ownership in these vehicles, which would give the mass market exposure to this asset class for the first time. The BitCar Platform uses a dual-token economy, where BITCAR utility tokens can be exchanged for on platform CAR asset tokens, which represents a user’s fractional ownership in an Exotic, or set of Exotics. The intention is that these CAR tokens can then be traded between users on BitCar’s unique peer-to-peer (P2P) trading platform.

On top of the offerings mentioned above, BitCar also intends to offer crypto holders the opportunity to “park” their cryptocurrency in a token backed by a physical asset – i.e the Exotic itself. By ‘pegging’ the value of CAR tokens to the USD value of the Exotic (at the time it’s onboarded), users have a method of relative protection against the volatility of the cryptocurrency market. The BitCar platform will present exhaustive analytics for each vehicle including multiple indices, spot pricing, and future value estimates from 3rd party sources.  At any time, such a CAR token has its own market price (as it is traded).  P2P traders can see the current price relative to that which the Exotic was onboarded and so decide if it presents good value in comparison to the underlying price.

In example, if a prospective buyer is looking at a CAR token currently trading above the original onboarded price, they would be able to evaluate the offered price against the estimated current market values to determine whether the price represents an opportunity – with even more consideration given during times of crypto volatility. After all, some days Alt coins are down 40%! We believe there is a very large demand for such protection on the back of this excellent asset class.

BITCAR tokens are the utility token for the BitCar Platform and are currently available for purchase during our Token Generation Event. They serve several (strictly utility) functions, e.g. the ability to purchase CAR tokens, pay trading fees, and pay for MSI (Maintenance, Storage, and Insurance), as well as other functions outlined in more detail in our whitepaper. Additional uses of the BITCAR token include payment with BitCar partners. The latest partnership is with Moonlambos, which accepts BITCAR as a cryptocurrency to purchase supercars in the UK and USA.

The CAR token is an asset token that represents a unique physical exotic car. Every time a car is onboarded onto the BitCar Platform, there will be 1 CAR token for every USD value of that car at the time of onboarding. This CAR token will also be renamed depending on the car it represents ownership in. The CAR token represents a digital fraction of the car’s title on the blockchain, and therefore fractional ownership.

For example, if a McLaren F1 was valued at $15,000,000 at the time at which it was onboarded onto the BitCar Platform, there will be 15,000,000 “McLarenF1#001” tokens (CAR tokens) created.

Platform users will be able to go through the BitCar Platform to see which cars are available for purchase and select them individually, or have the BitCar Platform auto-select according to user-defined criteria. They will then exchange their BITCAR tokens for any number of CAR tokens in a single Exotic or a range of their choice. Every five years, the ownership of the car will be examined. CAR token holders who own all or a majority of the tokens of a vehicle can take possession of the vehicle (drag-along provisions will apply), which burns the specific CAR tokens. Alternatively, they can choose to put their CAR tokens back onto the platform.

BitCar is on a mission to transform how people own assets in the automotive industry and open this amazing asset class up to everyone, not just the uber-wealthy. That’s BitCar’s mission, and the team has been on this journey since before Ethereum was even launched. BitCar started with Bitcoin colored coin technology and the developers wrote their first prototype software using that technology. But then Ethereum’s functionality transformed that, and BitCar moved on with it. BITCAR is an ERC-20 token, so it’s important that contributors use ERC-20 compatible wallets to send funds to the ICO smart contract, and to receive the BITCAR tokens.

 

 

Features

BitCar allows users to hold or trade digital Ethereum blockchain tokens called BITCAR, giving access to a platform where Exotics can be owned and traded in small fractions. A second level CAR token will be used as the digital asset token for the individual Exotic cars.

BitCar is bringing a world first in asset tokenization to the automotive industry. Not only does the platform allow buyers to own and P2P trade fractions in a specific car, or variety of cars, but eventually a user will be given the option to own it. These asset-backed CAR tokens will also provide relative protection to its holders against crypto market volatility.

Technical Info

BitCar has been in development since before Ethereum was even launched. The developers started with Bitcoin colored coin technology and wrote the first prototype software using that technology. But then Ethereum’s functionality transformed that, and BitCar moved on with it.

The system incorporates 3 fundamental parts, the network agents, assets manager, and the dual-token setup.

BitCar Roadmap

  • Q4 2017

  • An idea was born, turned into reality, whitepaper released and TGE planned.
  • Development of project concept

  • Q1 2018

  • Update to software development and decentralized Platform testing will begin.
  • Prototype creation

  • Read More
  • Q2 2018

  • Marketing of Bitcar and incentivization of partners will start.
  • TransCrypt ALPHA

  • Q3 2018

  • Updated Platform will be released and trading launched.
  • TSR Closed BETA BTC wallets & transfers

  • Q4 2018

  • Initial Bitcar awards issued.
  • BCH, LTC wallets & transfers, crypto exchange

  • Q1 2019

  • Trading volume accelerates, volume of Exotics increases rapidly.
  • TSR Public BETA

  • Telegram Integration
    ETH wallets & transfers
  • Q2 2023

  • Potentially first Exotic sold from Platform.
  • XRP, Cardano wallets & transfers

  • TransCrypt Public Stable

  • NEO, Stellar wallets & transfers

  • EOS, NEM, Dash wallets & transfers

  • PCI DSS Certification

  • EMI License

  • Launch of the MVP of the Tizer blockchain

  • Launch of fiat transfers
    Buy&Sell Crypto
    TransCrypt debit card
  • Tizer Invest

  • Audit of Tizer blockchain & launch of stable ver.

  • Launch of payment widget for commercial solutions

  • Transfer economics of project to Tizer platform

  • IPO

Activity

Activity:
276
HIGH
Posts:
189
LOW
Views:
12 731
VERY HIGH
Posts:
3 308
VERY HIGH
Followers:
5 020
HIGH
Likes:
4 890
MEDIUM
Followers:
5 046
HIGH
Tweets:
3 396
VERY HIGH
30 Days Growth:
-28
Members:
1 370
LOW
30 Days Growth:
-58

BitCar Team

Verified 43%

Attention. There is a risk that unverified members are not actually members of the team

Daniel Woodroof
Executive
verified
Charles Kilborn
International Engagement
unverified
Sheree Ip
Legal & Blockchain Development
verified
Julia Buchholz
Digital Advertising & Marketing Strategist
verified
Gov van Ek
Co-Founder
unverified
Nuno Martins
Co-Founder and CTO
unverified
Alasdair Penman
Software & Blockchain Engineer
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

John Bulich
Co-founder & Technology Advisor
unverified

Former members

Trent Wheeler
Project Development
Rose Burnet
Digital Marketer
Jesica Sanchez
Branding Designer
Peter Briggs
International Relations

BitCar Interviews

Daniel Woodroof
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I handle Communications and Strategic Partnerships for the BitCar Platform, leveraging my decades-worth of experience in the motorsports, automotive and entertainment industries.
Sheree Ip
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I work across the commercial and Blockchain legal research of the BitCar Platform and ICO campaign, and lead the marketing team on daily operations and strategy.
Julia Buchholz
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I set up strategies and manage Digital Advertising campaigns for BitCar. Being a crypto trader myself for me one of the biggest advantages BitCar offers is the fact that I can peg my crypto into hard asset backed tokens to escape crypto volatility. And I can take advantage from both - the crypto market because of BITCAR token that's value depends on demand and supply. And the platform CAR tokens that are stable coins backed by the hardest to fake asset on the market. No thin air and also historically one of the best performing asset classes.

BitCar Last News

$ 0.0010
Coin Stats
Daily, %:
Weekly, %:
-13.57%
Monthly, %:
Market Info
Market Cap:
Volume 24h:
$ 11.87
Circ. Supply:
0 BITCAR
Ticker:
BITCAR
ICO profit
X 0.0100
ICO Price~$0.1000
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