How are VLB tokens used? What makes their value go up?
We are building a Blockchain platform to record all information about cars during their whole life cycle. People will need our tokens to record the information into the blockchain.
VLB Tokens will appreciate based on the level of demand, which will be underpinned by the extent of Vehicle Lifecycle Blockchain promulgation among the industry participants. Such demand will drive VLB Token turnover through the system. However, since VLB Token payments to Proof-of-Stake Nodes will represent a certain transaction cost for Paying Participants, the appreciation of VLB Tokens will plateau at a level of maximum acceptability to the Paying Participants.
It gets a bit confusing now... So people will have to buy vlb tokens, but car service places are the ones that log everything that's done to the car into your system?
So how will this work? a car owner buys our tokens, then pays with the tokens to get a place for his car in your blackchain? Why couldn't the car dealers just deal with all this?
can he only use specific mechanic shops?
You should understand that the auto owner will pay a recording fee only when the car is purchased. Further, he uses only the advantages of the system. He can at any time review and provide the entire transparent history of his car.
But that this transparency and the fullness of history woldn't be lost - yes, he will have to use the participants of our platform. But it will do him good too. For having such a history, he will be able to increase the price of his car for resale.
Oh I see, so it's a one time payment when purhcasing a car.
Can other car service providers also become service providers in your platform? What are the requirements?
Any car service can become a participant of our system. Our goal is to become decentralized The condition of becoming part of our system is the usage of VLB Tokens
What other conditions do you have in place for becoming a service provider participant?
What if someone starts providing a "clear slate" business, to earn some extra cash from side? how do you plan to prevent that?
How can you know, that the car service place is actually posting the correct information into your blockchain? How to make sure, that there will be no abusers?
thanks for all the awnser so far!
Of course, compilations always take place.
About the conditions:
Acceptance of the fixed pricing policy, purchase of spare parts only through InstaFix and so on.
About car service control:
Client reviews and investigation, mystery shopping, on-site and group repair shop staff training.
Fraud and bad quality services will be disconnected.
We have described all the conditions and monitoring in detail in our WP page 24-25.