Carnomaly will become the first company ever to offer a worldwide rebate for an automotive purchase. Both new and used vehicles will apply, as long as they are purchased from a verified legal dealer anywhere in the world. Upon completion of our consumer platform, Carnomaly will begin buying back tokens to replenish the rebates for years to come. The proceeds from the consumer platform is what Carnomaly will use to purchase back tokens that are on the open market. Carnomaly will also develop the Automotive Vehicle Blockchain “AVB” The AVB will give vehicle owners the power to manage their own vehicle history report and transfer ownership.
Carnomaly is two things: an ERC-20 crypto token project and an online automotive marketplace.
ERC-20 Crypto Token Project
Carnomaly will bring the first ever automotive rebate membership platform to life with its ERC-20 utility token (CARR). This token will allow anyone in the world the ability to purchase tokens, buy a new or used automobile and get a rebate. With this project not only does your token have market value but it also gains you access to the Carnomaly rebate portal. Consumers can simply buy CARR tokens, register as a member, and then get a rebate on their next automotive purchase. It’s that simple.
Carnomaly will also be developing the automotive vehicle blockchain (AVB). With the AVB your vehicle’s history will always be accurate with the projection of the blockchain. With the AVB, all those oil changes, scheduled maintenance visits and recalls will be tracked and stored securely. The AVB will also track insurance claims and body shop repairs. Unlike some of the other vehicle history report companies out there, the AVB is 100% accurate thanks to blockchain technology.
The Automotive Marketplace
Carnomaly.com will soon be the standard for online vehicle shopping. Whether consumers are looking for something new or something slightly used, carnomaly.com will have it all. The site will offer guidance for brand new shoppers, those unsure of their budget needs, and those looking for the current value of their vehicle. Carnomaly will also offer innovative services like test drive deliveries for busy consumers.
It’s our goal to streamline the vehicle buying process and make it fun again. Buying a car is the second largest purchase most people make in their lives and, at Carnomaly, we want this process to be quick and easy. Carnomaly will provide these services to dealers around the world at a fraction of the price they are currently paying online marketplaces.
The automotive industry is one of the most profitable and influential industries in the world. Not only does it affect car sales, but it also touches many other industries such as technology, national resources, fossil fuels, financial institutions, common laborers (mechanics and engineers), advertising and local economies in areas where these industries exist. Carnomaly sees a need to correct the issues plaguing the current online automotive trading industry, including:
High interest rates
Overpaying for vehicles
A confusing buying process, and more.
Carnomaly will bridge the gap between the automotive industry and the crypto currency world by creating a new type of trading platform — one that benefits both consumers and dealers. Carnomaly will change the current trading climate by being the first to offers rebates on consumers’ crypto investments and the first to create a token ecosystem controlled by consumers.
Carnomaly will empower the consumer and the dealer with the infrastructure to properly communicate without manipulation. For consumers, Carnomaly will allow anonymous online browsing in order to ensure consumers can see and receive the best price for a new or used vehicle. Carnomaly token holders will be able to earn rebate tokens on their automotive purchases, with varying rebate amounts will be based on membership tiers.
Automotive Trading Platform
In 2018, the United States automotive industry reached a little over one trillion dollars in new vehicle sales and 116 billion in parts and service. Advertising has averaged 9.5 billion dollars for the last three years with 56.3 percent from online marketing alone. Today, consumers use third party websites to research and shop for their next automobile purchase. These third-party websites limit the way consumers shop for a vehicle as they typically focus on one thing: price.
These third-party trading sites make their money solely on charging dealers monthly fees to list inventory. Over the last five years, the monthly fees for dealers to list inventory has increased to thousands, even tens of thousands of dollars per month. In today’s world, consumers want options, so why not provide options for how they can shop for their next vehicle while keeping the cost down for dealers.
Due to the abundance of information available online, dealers have become aggressive with their pricing in an effort to draw consumers to their showrooms. The results of this are smaller profit margins for dealers which cause more negotiations and a less satisfying experience for the consumer.
Each token holder must register on www.carnomaly.io to be eligible for rebates and member benefits.
Carnomaly employees are not eligible for member benefits.
Must be 18 years or older to be a Carnomaly member.
Only one member per household.
All vehicle rebates will be paid in Carnomaly Tokens on Carnomaly.io after purchase documents have been submitted and verified.
Each household will be limited on the number of vehicle rebates allowed each year based on the membership tier.
The rebate amount will be calculated based on the number of tokens held by the member, the multiplier their tier qualifies for, and the percentage their tier qualifies for.
The maximum rebate is based on the maximum purchase price of the member’s tier.
Steps to redeem their CARR tokens
Step 1. Members must have signed up through the Carnomaly.io site and completed the KYC verification.
Step 2. After becoming a member, users can go to an exchange where CARR tokens are sold and purchase them from that exchange.
Step 3. Once CARR tokens are purchased on the exchange, tokens will need to be transferred to the registered MEW wallet that was set up when registering for the Carnomaly.io site. Once tokens are in the registered MEW wallet, they can then be transferred to the Carnomaly.io platform to begin the redemption process.
Step 4. Members can complete an automotive purchase. The purchase must come from a registered dealership anywhere in the world.
Step 5. Upload purchase documentation. Documents must be uploaded within 5 business days from the date of purchase.
Step 6. Once the rebate process is complete, Carnomaly will issue a rebate based on the specific membership tier criteria. Rebate will be paid in CARR tokens to the user’s wallet on the platform.
Step 7. Member can then withdraw CARR tokens to MEW wallet. If they choose to sell at current market price, they must go to a third-party exchange to do so.
Future of Carnomaly
Carnomaly will become the first company ever to offer a worldwide rebate for an automotive purchase. Both new and used vehicles will apply, as long as they are purchased from a verified legal dealer anywhere in the world. Upon completion of our consumer platform, Carnomaly will begin buying back tokens to replenish the rebates for years to come. The proceeds from the consumer platform is what Carnomaly will use to purchase back tokens that are on the open market.
SCOTT HENINGER Founder/CEO AARON VOS PUBLIC RELATIONS DIRECTOR
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