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.
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In a disruptive and innovative world first, BitCar opens direct ownership of exotic and classic cars to the public for the first time. Verified Agents will source, acquire and store Exotics, as well as display them. After a 5 to 15 year term, they will be sold with the returns passing back to the asset token owners. During the term, Platform users can peer to peer trade their interests without an intermediary in a trustless manner.
BITCAR tokens provide the utility to the decentralized BitCar Platform (Platform) and allows access to the second order token for acquiring and peer to peer trading the tokenized Exotics as well as being used in an incentive scheme, that is set up to reward parties marketing the Ecosystem.
BitCar is a blockchain-based platform that allows for fractional ownership in the best performing asset class of the last decade – collectable exotic cars. For the first time the mass market will have access to this best performing asset class, which is tradable on BitCar’s live auction peer-to-peer trading platform. Additionally, the live auction platform allows users to eventually trade their way up to full ownership of an exotic, allowing them to have the option to take the exotic for themselves.
Using a dual token economy, BitCar’s asset token (called CAR), is backed up by the physical, hard-metal exotic cars and pegged to their USD value- acting as a “stable coin”. This provides relative protection in times of crypto volatility.
Over the last two years the BitCar Team, including members from Ledger Assets Pty Ltd, have established and developed the BitCar technology, skills and grown the Team to bring the BitCar Platform to launch. Ledger Assets, a leading blockchain commercialization company in Australia, has been behind several successful blockchain companies. They successfully co-founded and developed blockchain technology in the Energy, Medical and Identity industries, becoming a world leader in its field.
BitCar was established in 2015 and developed its world first prototype trading platform technology. Over the last year BitCar has extensively tested its platform and will be further developing and transforming it into a decentralized trading platform for Exotics.
Multiple users within the BitCar platform.
- Value may go up depending on it’s demand once traded on exchange.
- Can be used to purchase from dealerships such as MoonLambos.
- Can be traded peer-to-peer on the platform. E.g. Users can buy LamborghiniMiura#001 tokens and sell their FerrariEnzo#001 with each other on the platform.
Daniel Woodroof EXECUTIVE
Charles Kilborn INTERNATIONAL ENGAGEMENT
Sheree Ip LEGAL & BLOCKCHAIN DEVELOPMENT
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