Topic: [ANN][ICO] VLB - The Ultimate Blockchain Fuel for the Vehicle Lifecycle Industy - page 118. (Read 49095 times)

is there any max limit for ICO?

Hello, what cryptocurrency can I use for payments?

excellent bonus system, everything is evenly built - early investors will receive more bonus tokens.
Others will see that pre-sale has gone well, and also will invest in ICO

Very briefly, the  blockchain will function the following way:
- during a real world transaction parties involved will attach tokens to their respective entries into the transaction
*for example, when you repair a car, Tokens will be attached by: repair shop, OEM and car manufacturer. Repair shop will use a token; this represents a "payment" for customer acquisition and access to data that will facilitate future retention of this customer. OEM will use a token to record an installation of a particular spare part SKU# for spare part warranty purposes. Manufacturer will use a token to link this repair job with manufacturer warranty, which will determine whether the warranty remains in force going forward.
- reference in the smart contract to the electronic receipt issued by the repair shop when the customer pays for the service will act as proof of payment and will make this transaction eligible to be included in the next block.
* electronic receipts are tax documents that contain references to goods and services provided and price. Manipulating that information is a legally punishable offense
- blocks will be validated by PoS nodes. Tokens attached to the transactions will be used as commission
* Industry Participants that will be using the blockchain and that have certain token balances with certain coin-age may act as PoS Nodes.  Tokens received as commission for validation may be used by PoS Nodes (i.e. manufacturers, insurance companies, dealers, etc) to record their own transactions or they may be sold to other Industry Participants on exchanges.

All Industry Participants that contribute to the blockchain will have access to decrypted data on the blockchain to use it for cost saving (i.e. claim or warranty management) or new business opportunities (i.e. highly tailored insurance policy pricing or customer retention by repair shops/dealers).

Please tell me more of how this works in simple words, I want to know more about the project but don't quite get it...

Our first steps in the United States are Los Angeles and Florida. In the future we want to cooperate with main players in the vehicle industry by all over the World.

A really nice project, and very well documented. You can see from the beginning that they threat this project seriously.

Dude seriously can this project get any better? VW?? Are you being serious here? You're in partnership with VW? Wow if that partnership goes well then no doubt this project will be the next big thing, this is probably one of the highest potential project that I have ever seen here in this forum, I'm so glad I'm a part of this project. After expanding to Moscow, what other parts of the United States are you planning to expand your project to? And what other companies are you going to partner with in the future?

Yes, I understood that in Russia they are already fully operational and also have got access to the US market. For me it makes complete sense to implement VLB first in these regions.

If I read the Whitepaper well, then I can only assume they are starting there cause they are already operational in these regions..

We are announcing a pre-sale of VLB Tokens, which will start on November 22 and will run until the start of the ICO on Nov 27.

We will be open to US accredited investors.  US accredited investor status verification will be handled by a third-party provider Early IQ under legal guidance of top tier law firm Dentons LLP.  VLBToken will not have access to any personal data except for name and email.  Only US investors will need to demonstrate their "accredited status" during the VLB Token purchase and it will be done seamlessly through vlb.io.

Pre-sale is aimed at giving an opportunity to investors looking to invest a minimum of 100ETH to obtain an addition bonus. The bonus structure is as follows:

Pre-sale (minimum investment 100ETH):
Nov 22 noon UTC - Nov 27 noon UTC: 1ETH = 910VLB (40% bonus)

ICO (minimum investment 1ETH)
Nov 27 noon UTC - Dec 2 noon UTC: 1ETH = 845VLB (30% bonus)
Dec 2 noon UTC - Dec 7 noon UTC: 1ETH = 780VLB (20% bonus)
Dec 7 noon UTC - Dec 12 noon UTC: 1ETH = 715VLB (10% bonus)
Dec 12 noon UTC - Dec 17 noon UTC: 1ETH = 650VLB (no bonus)

So you can launch a partership with Audi, Skoda etc... in the future if things with VW go well, Seat in spain also. VW group has Lamborghini as well if I recall correctly

You're absolutely right!

Qiwi Blockchain Technologies is one of the our partners, which help us in creating of our blockchain.
We are partnering with UBER and provide the special terms for car repair and maintenance on CarFix Platform. CarFix has API integration with UBER drivers' interface.
Special privileges in dealing of CarFix with carowners and dealers of VW.
Launch the Partnership in experimental mode with 7 VW dealerships and expand to all in Moscow within 2 months, and all in Central Russia within 6 months.

So Russia and US for now, you will target Asia and EU next? Japan, Korea and EU are really crytpo firendly (for now...)

lets take a look,
actually this ico has a very different project compared with the other icos.

Just discovered this hidden gem of a project. I'm liking the unique idea of utilising blockchain to address the common issue of storing a vehicle's history. The team also checks out to me too.

Today, at the Moscow Blockchain Conference we spoke with Marina Guryeva, the CEO of the cyber • Fund. She said that the most promising blockchain projects were those that help creating trust in the environments where no one trusts each other. For example, on the automotive market we have car dealers, repair shops, insurance companies and banks that have to verify information one after another. This creates inefficiency and redundancy in business processes and information. Blockchain database can store information for all market participants and eliminate the need to verify it every time, which will decrease transaction costs, reduce fraud and allow selling cars at a fair price. Buying a car is not a gamble anymore. Join the first vehicle lifecycle blockchain story with CarFix and VLB Token (www.vlb.io)!

You partnered with Uber, Volkswagen, Qiwi... ? can you give some evidence about this?  

and don't forget the partnerships. They have for example Volkswagen on their partnership list. If they support this it will get huge.