Topic: [ANN][BITCAR] BitCar Token Sale: New Exotics Peer-to-Peer Trading Platform*** - page 6. (Read 17057 times)

The Bitcar project is one of the best crypto techonology projects in the entire crypto space.  I wish I could own one of the exotic cars with Bitcar tokens through the blockchain technology. Thanks you management for the great work you guys are doing.

Blockchain company BitCar.io has announced it will burn all its unsold tokens after the end of its ICO, set for 20 April 2018, further limiting the future supply of BITCAR tokens.

BITCAR tokens are designed to be used in its upcoming platform to allow fractional ownership of rare exotic vehicles. These vehicles have historically outperformed many other asset classes and have not been affordable, except for the uber rich. BitCar aims to open up this market to all, in a world first.

Half of all BITCAR tokens were allocated to its public and private token sale, raising over SGD 9 million to date – but any that aren’t sold (by the end date of the ICO) will be ‘burned’, a cryptocurrency term meaning the tokens are permanently destroyed.

“The positive effect from burning the remaining tokens means the BitCar economy will become even more exclusive as the supply of tokens is radically reduced,” the company said Wednesday.

BitCar was designed with a dual token economy that allows people to buy and sell their tokens outside of the BitCar platform and also use the cryptocurrency to peg its value into CAR tokens.

BITCAR tokens are also designed to be used to purchase the CAR tokens, pay trading fees, maintenance, storage and insurance.

One CAR token will initially be valued at US$1, meaning that if, for example, a McLaren F1 worth $15 million was on-boarded onto the BitCar platform, there would be 15 million McLarenF1#001 tokens (CAR tokens) created.

By purchasing the related CAR tokens, users would be linking to a piece of the car’s title on the Blockchain network.

Recent innovations to the design of the BitCar platform means BitCar token holders may also be able to acquire full ownership of rare exotic cars over time, an idea backed by its multi thousand Telegram community (https://t.me/bitcar_io).

The BitCar token sale is currently in the final round of its ICO, which will close on 20 April.

To get the latest sale statistics for the BITCAR tokens, visit https://mainsale.bitcar.io .

For more information go to https://bitcar.io/info

Read original token burn announcement here: https://www.multipliercrypto.com/bitcar-limits-future-market-supply-creating-token-exclusivity

go go nice proj

Awesome. Thanks guys will check it out and update if needed :-)

If you have problems with your bounty please send an email with details to [email protected] and your activity will be double checked.

Why am I having a facebook campaign of 393 stakes, before there were 449 stakes? What is this bounty? The more you make, the less stakes.

Blockchain company BitCar is forecasting its platform will be an important hedge against price volatility in the cryptocurrency markets due to BITCAR tokens being pegged to physical assets.

The concept for BitCar is to peg cryptocurrency to scarce hard assets, such as rare and exotic cars - which have historically outperformed gold, stocks and property over the last ten years.

This chart shows that exotic cars have experienced the highest appreciation of luxury items over a ten year period.



Singapore headquartered BitCar is developing its Blockchain platform that will facilitate cryptocurrency payments for fractional ownership of highly collectible hyper and classic cars.

Rare exotic cars such as Lamborghinis, Ferraris and Bugatti’s will be acquired for BitCar and stored or displayed for up to 15 years.

“BitCar is targeting high-end cars as they’ve historically had much lower price fluctuations than cryptocurrencies. The BitCar platform could be a place of stability in times of crypto market volatility,” said BitCar founder Dr Gov Vank Ek.

This chart shows the price volatility of collectable cars compared to Bitcoin and global stocks. The lower the volatility, the more predictable the price of the asset.



Read more: http://www.digitaljournal.com/pr/3724049

So token sale is going to end in less than 2 weeks. $9.2M sold is a good amount to start with project development. Will wait for more big news

Thank you. We will not let you down ! :-)

Etherical has bought into the first tranche of the public token sale of Bitcar, based in Singapore and coming out of Perth, Australia.

Token: BITCAR

White Paper: https://bitcar.io/data/Bitcar%20Whitepaper.pdf

Team: https://bitcar.io/#team

Token Sale: https://mainsale.bitcar.io/

Medium post: https://medium.com/bitcar-mag/tokenising-exotics-disrupting-the-global-hypercar-supercar-and-rare-classic-car-ownership-market-c363b51578e

Bitcar are selling 250 million of 500 million tokens in 4 tranches, after having raised US$5 million in their pre-sale.

The basic idea of BitCar is tokenizing ownership of Exotic Cars. As well as their BITCAR token, specific CAR tokens will be issued to provide fractional ownership of each investment asset.

Other than cryptocurrency, exotic cars have been one of the best performing asset classes. This type of super-rare, highly valuable, coveted asset increases in demand as world population grows, and tends to be recession-proof.

In this sense Bitcar is a hedge, by putting crypto into a non-crypto asset. We think that Bitcar has the potential to do very well as a token. You might not be able to afford a Bugatti Veyron or Mclaren P1, but you can afford some tokens in the ownership of one (no, you don’t get to drive the cars; cars at this level are an investment, one which depreciates with mileage).

Investment in this high-performing asset class was previously open only to the very wealthy. Tokenization makes it available to anyone.

The demographic of who is active in cryptocurrency in the world today is mostly men, and mostly young. Young men are into exotic cars, but usually lack the resources to acquire them outright. Tokenization makes it possible to become a part owner of an exotic car.

Bitcar seem highly aware of their market niche, and have already partnered with  one crypto-supercar dealer Moonlambos who will accept BITCAR as payment. We like the underlying business of Bitcar, but we believe the “cool factor” of hypercar appeal could drive appreciation in token value even more than  revenues and profits in the business.

Read the whole article here: https://etherical.io/tag/bitcar/

Very interesting project from a good team from Australia. I already had the opportunity to take part in the ICO project of the PowerLedger and gladly join the ICO BitCar. I believe in this team and their projects. I wish everyone good luck! 

that's glad to hear, im gonna hodl this coin for a long time 

Yes, this is correct. BitCar and Moonlambos/Moonassets have an ongoing partnership. Now everyone can purchase exotic cars in UK and US paying in BITCAR cryptocurrency.

https://altcointoday.com/bitcar-partners-uk-crypto-supercar-vendor-moonlambos/

i'm curious has bitcar and moonassets partnered in selling exotic and luxurious  cars?
if that is true this project will be promising 

Hi, please find all details about token sale here https://mainsale.bitcar.io
The token paper is available here https://bitcar.io/#papers

Please go to bounty.bitcar.io , there you also find the bounty rules.

ICO open from January 31, 2018–April 20, 2018 is that true ? how much funds be collect in this long time ?

I am so interested about this exotic cars project because it quite amazing and fantastic. I have joined the Blog bounty campaign, Thanks

Read my blog here: https://steemit.com/blockchain/@ebenezer/bitcar-platform-trading-exotic-cars-with-cryptocurrencies-the-blockchain-technology

Where i can fill up the form to join bounty campaig ?

The BitCar team just returned from London after Sheree and Daniel shared the details of our newly released BitCar Auction model to Europe. Watch the presentation recorded at the Crypto Investors Show in the Queen Elizabeth II Centre here: https://youtu.be/u_ByUrI-DGU