Topic: [ANN][BITCAR] BitCar Token Sale: New Exotics Peer-to-Peer Trading Platform*** - page 2. (Read 17067 times)

 Over the last year BitCar has been testing its platform and will be further developing and transforming it into a decentralized trading platform for Exotics. The fact that the token will be backed up by real assets - that is cars, can make it act as a "stable coin". This provides relative protection in times of crypto volatility. They even provide stats and data, which suggests that in the exotic car market some of the vehicles may even grow in value over time, making the coins worth more also.

BE CAREFUL Scammers / SCAM ICO

MAKE A REPORT IN THEIR TELEGRAM. I hope their group will be banned

I'd love to join the signature bounty of this project

Sadly, when they start using the opportunities of different social networks for moshic actions, as soon as it starts to show itself, it is likely that the Khan is a project.

In telegram they begin to erase the messages that give their opinion about how the team is doing things. You are all warned of the path they are taking.

from the project did not quite understand what to what. Is it true that the owner of a certain stake. tokens bitkar, has this part on the possibility of temporary possession of the car, how and when and the main thing how much to have, so that you can take advantage of this?

Hello BitCar enthusiasts.

Today we present you with some of the technical challenges that we and many other blockchain projects currently face. We are looking for your innovative and clever ideas!

With this new series of blog posts, we hope not only to engage in the process of becoming more transparent about what we are doing but also to get some positive feedback from the community. Hopefully, we can then learn about, and share some clever ideas on how to solve some of these common Blockchain / Ethereum decentralized technical challenges.

Problem:

As some of you may be aware, the Car Token (tokens representing a particular Platform Car) will have a fixed supply and will be pegged to a fiat currency on a 1:1 ratio, i.e. say a Ferrari worth USD 1 million comes onto the BitCar platform, then it will get 1,000,000 of its own Car Tokens, unique to that car. This means that when these Car Tokens are bought, using some of the post 31 July 2018 token burn’s 111,485,497 circulating supply of BitCar tokens (these are different from the Car Tokens), a conversion needs to happen in order to calculate the right number of BitCar tokens per Car Token. The problem is how to cheaply and quickly get external BitCar token price data onto the Ethereum blockchain. Ideally, a solution would be available that is not only cost effective but also truly decentralized. Currently, we don’t see a strong one, do you?

Solutions:
Read full blog post here: https://medium.com/@bitcar/bitcar-developers-are-seeking-community-feedback-bitcartec-4fd80a64d8e0

BitCar Token Burn has commenced

BitCar successfully burnt a total of 151,577,871 tokens during the scheduled token burn on the 31st July. Approximately 60 per cent of the initial public sale amount of 250M tokens have been burned, significantly reducing the number of coins in circulation.

Read the full article here: https://medium.com/@bitcar/bitcar-heats-up-with-successful-token-burn-b6693824bc3b

BitCar Token Burn to be commenced today 31/07/2018 at 3 PM (Singapore time)

Ladies and Gentlemen, start your engines. The BitCar team are ready to burn some tokens! The community will see on the blockchain from the BITCAR Token Contract an amount of 151,577,871 BITCAR being burned forever! These being the unsold token from the Token Sale earlier this year.

What Is A Token Burn?

A token burn for cryptocurrency ventures means sending the tokens to be burned to a public address, from which those particular tokens can never be spent because the private keys of such an address is unobtainable.

Why might this be done? There are multiple scenarios where this might arise. For BitCar the reason for destroying the unsold tokens from our token sale is to balance the total supply of tokens, especially to maintain fair-play for purchasers who purchased early in support of our project.

Thanks for your support Michael!

Luxury car startup BitCar has revealed what you do when you initial coin offering doesn’t raise as much as you’d hoped.

The company, which is developing a Blockchain platform that offers cryptocurrency payments for fractional ownership of collectible car brands like Ferrari, launched an initial coin offering last year with plans to raise $25 million at the start of the year.

Punters could buy BITCAR tokens, with the business aiming to be the main cryptocurrency used in the auto sector.

The Bitcar platform would let investors pay by cryptocurrency for a slice of luxury vehicles, which the business planned to buy on their behalf and then hold for around 15 years, until they appreciate enough to sell.

The Australian business set up in Singapore for regulatory purposes and raised $S6.5 million in its token pre-sale

Its public sale netted just under $S3 million – bringing the total raise to $9.5 million earlier this year – less than half of the goal.

One token was worth US10c. According to Coin Gecko, it was trading for AU1.2c on Friday.

Bitcar management told Stockhead the smaller raise amount saw the company re-assess.

“Due to the smaller raise, BitCar have decided to burn unsold tokens from the ICO –– thus reducing the circulating and total supply,” the company said.

This means they’re essentially getting rid of the excess and improving the scarcity of the tokens they did sell.

The founders also said they planned to burn 50 per cent of their allocated tokens.

Despite the company not hitting the raise target, they’ve still got more than $9 million in cash and cryptocurrencies in the piggy bank to be used on developing their luxury car fractional-ownership platform.

Where are they up to?

“The BitCar Platform is currently undergoing development to be updated to a decentralised platform, users will be onboarded when the platform is live so we will be receiving metrics on user data then,” the company told Stockhead.


Read full article here: https://stockhead.com.au/tech/bitcar-ended-up-raising-9m-in-its-25m-ico-heres-what-its-been-doing-since/

Hello, dev's! The major object that in the future it has insured the development of the business.

Token Burn Set for 31st July
Ladies and Gentlemen, start your engines. The BitCar team are ready to burn some tokens! Mark it down in your calendars as the first token burn will commence on 31 July UTC 7.00 AM.

The community will see on the blockchain from the BITCAR Token Contract an amount of 151,577,871 BITCAR being burned forever! These being the unsold token from the Token Sale earlier this year. We will announce across our social media channels when the burn commences. Interested to find out more about the token burn  process? Read more.

Stay tuned for our next announcement of our second token burn event.

I know that for two weeks we will not know the winner, but someone knows more or less how the final vote was? Thanks!

KuCoin will be running a telegram campaign starting today, 12 July at 6PM Singapore time, and have asked for our BitCar community to participate. They want to hear from you why BitCar should be listed!

How To Vote: https://medium.com/bitcar-mag/lets-get-listed-on-kucoin-9cfa618f7309

Rule 1: Buy the best example of what you can afford.

Kinney points out that “there is a huge difference in value between ‘kinda nice’ and a ‘standout’ car”. You can buy a kind of nice 1973 Porsche 911 Targa for USD $91,000 or a serious low-mileage investment grade one will cost you $292,000.

In 1973, Roy Eller brought his Kelly Green Targa and decided it would be a great investment, so he naturally put it into storage with 3400 miles on it. 30 years later it was sold by Dave Gooding for $426,000.

In 1980 Peter Briggs, our BitCar advisor, brought the 1963 Jaguar E-Type Lightweight for $76,000 and sold it in 1999 for $800,000. In January last year Bonhams sold it for $9.7M.

Rule 2: The more original the better, most of the time.

In 1967, driver Ugo Pillon found a 1925 Bugatti at the bottom of Lake Como. In 2009, he brought it to the surface for Bonhams to auction for charity. Pete Mullion, who made billions selling financial services and owns his own art deco car museum, paid $500,000 for it.

Rule 3: Documentation reigns supreme.

A golden rule we at BitCar follow very strictly is clear provenance and documentation. Roy Eller’s car, the Targa, had all the original documentation and parts ranging from original sales invoice, owner’s manual, maintenance record, warranty book, Porsche certificate of authenticity, even down to the tool kit, leather key fob, registration cards and sales documentation dating back to 1973. As Connolly states “no documents, no buy”.

Rule 4: Buy rare cars with a history.

The history of the car speaks a lot about its value. Cars that have that rarity factor, the more famous the owner or driver, the more important the serial number, the better the investment.

For example what would be the valuation of a car that was one of 10 ever built; a podium at Le Mans, Monte Carlo, the Tour de France; driven by Mossie, Fangio, Shelby or all three of them? Now that is one story worth telling.

Briggs’ 1963 Jaguar E-Type Lightweight was owned from new by Australian motor racing legend Bob Jane, before being auctioned by Bonhams for the $9.7M. A good story always makes for a good sale.

Rule 5: Look at the demographics.

Cars are an emotional buy for most, so why wouldn’t an investment piece be? If you look to Baby-boomer classic car buyers, they generally want the cars like E-types, that they couldn’t afford when they were teenagers. If you’re 60 go down a generation and buy a car from the 70s, which will see 20 year’s more of growth.

Rule 6: You have to love it and you have to love driving it.

As we mentioned, cars are an emotional buy for the thrill of the ride, for the memories, or the lust factor. Don’t just buy it as an investment. Buy it to become an advocate for it. Show it, have articles written about it, a museum to showcase it, like Briggs.

Here at BitCar we share the vision in pursuing the best cars for the benefit of our community. Originality creates more hype and documentation shows authenticity and cars with history have a sense of uniqueness to them, that has matured over time. We are going through extraordinary lengths to ensure that our cars are in impeccable condition.

Now remember, this is not about buying a classic car, but actually investing in the hope that it will be worth more than you paid for at some time in the future. Individual brands of cars like Ferraris from 1958 to 1973 have left every other asset for dead, but so have some more recent Porsches and other supercars. Old cars used to be 25 years old. Now they can be collectables at 25 months. — John Connolly

Read original article here: https://medium.com/bitcar-mag/how-to-make-a-fortune-buying-the-car-you-love-53d1db516e6

#SelfiewithaBitCar 2 ETH Giveaway

We are giving away 2 ETH worth* of crypto each fortnight as a part of our #selfiewithaBitCar campaign! Round Two of our campaign is open until the 10 July 2018, so what are you waiting for? Get creative!

How To Enter

We’d like to see you in your most creative photo with a BitCar!

• Take a picture of yourself with a supercar or dream car of yours.
• Use the #selfiewithaBitCar hashtag in your post.
• Share publicly on Facebook, Twitter or Instagram.

• One lucky winner will be announced fortnightly, each Wednesday the campaign runs!
  

Winning Prize

Each lucky winner will receive:

• 6000 BITCAR

• 1 ETH

• BitCar T-shirt, cap and stickers.

What are you waiting for? Be creative and get your #selfiewithaBitCar on!
All details here: https://medium.com/bitcar-mag/bitcar-weekly-2-eth-giveaway-4ebe1abfa2f3[/list][/list]

Nice! Did you submit for #selfiewithabitcar competition?

All details how to participate here: https://medium.com/bitcar-mag/bitcar-weekly-2-eth-giveaway-4ebe1abfa2f3

Where To Buy BITCAR?




BitCar Exchange Listings

BITCAR tokens can now be purchased on the following exchanges for use on the BitCar Platform:

IDEX: https://idex.market/eth/bitcar
IDEX is the only decentralized exchange with real-time, high-throughout trading. IDEX combines the experience of a centralized exchange with the security of blockchain-based settlement.

Token Jar: https://tokenjar.io/BITCAR
TokenJar is a decentralized Ethereum Token Exchange using the 0x protocol for maximum safe and speed. TokenJar features zero service fees.

Blockfolio: https://blockfolio.com/
Blockfolio offers complete cryptocurrency management, with easy to use tools to keep track of all your cryptocurrency investments. Get detailed price and market information for individual currencies and your entire portfolio all in one place.

Joyso: https://joyso.io/trade/en/markets;token=BITCAR
JOYSO, the Ethereum based exchange, offers the speed of a centralised platform while providing the security and privacy of a decentrlized exchange.

DDEX: https://ddex.io/trade/BITCAR-ETH
User-Friendly decentralized exchange for Ethereum-Based Tokens. Building on top of Ethereum smart contracts and the 0x protocol, DDEX allows users to trade ERC-20 tokens from wallet to wallet.. No uncertainty of deposit/withdrawal lockup periods.


Historical data on BITCAR token can be found on the following listing sites for more information, when purchasing tokens for the BitCar platform:

Live Coin Watch: https://www.livecoinwatch.com/price/BitCar-BITCAR

The best real-time crypto price index with graphs & historical data for 1500+ coins including bitcoin, ethereum, & altcoins from major cryptocurrency exchanges.


As always, follow all of our social media accounts to stay up to date with the latest happenings, and join our Telegram group to speak directly to the BitCar team.

Telegram: https://t.me/bitcar_io
Facebook: https://www.facebook.com/bitcar.io/
Twitter: https://twitter.com/bitcar_io
Instagram: https://www.instagram.com/bitcar.io/
YouTube: https://www.youtube.com/channel/UCedEr1a1Xx2XcXorz-1hteQ
LinkedIn: https://www.linkedin.com/company/bitcar.io/
Reddit: https://www.reddit.com/user/BitCar_io
Medium: https://medium.com/@bitcar
Website: https://bitcar.io/

BitCar is listed on idex, ddex, tokenjar and joyso and is easy to buy or sell via blockfolio and delta. More exchanges to be listed in the future.