VinChain

WHAT IS VINCHAIN

VinChain is the world’s first decentralized international car data market. This project solves the problem of asymmetric information in the field of used vehicles by creating a transparent, safe and reliable history of its life cycle.

VinChain is a unique database on the block, storing all the information on the car, which accumulates during its operation. To protect the unchanged information, the technology of distributed storage is used, which guarantees absolute reliability and data security.

Objectives of the project:

the creation of a system with different levels of access and information security.
association of all participants in the automotive industry, such as manufacturers, dealers, service stations, etc.
providing direct access to the database for each market participant.

Partners

WHAT PROBLEMS SOLVES

Every day around the world several thousand used cars are sold, and, of course, each of the buyers wants to receive reliable information concerning the technical condition of the purchased vehicle. Unfortunately, today there is no single database of car history. Of course, there are commercial bases, but they do not solve all existing problems, since the information in them can be unreliable.

VinChain solves this problem with Blockchain technology. Now information about each car coming from all participants in the system (manufacturers, insurance companies, car service providers, leasing companies, dealers, etc.) will be structured into a report stored in a distributed registry. The VinChain project will unite all data providers and create a continuous vehicle history, as well as ensure data unchanged during the entire storage period using SHA-256 blocking and hashing technology using a cryptographic algorithm.

TERMS OF ICO

To facilitate the processing of requests in the system, Vinchain uses a token.

The client will pay for the Vin-token with information related to the car number Vin of interest. The long-term goal of the project is to increase economic control over the use of tokens, in the end to come to their economic stability relative to state currencies.

The VinChain token will primarily be used as a payment tool that provides a stable transaction rate and facilitates payments, with the subsequent distribution of profits for all information providers. The commission is expected to reach a minimum of three dollars per transaction.

Symbol: VIN

Delivery: 1’000’000’000 VIN

For Sale : 600’000’000 VIN

Price: 1 ETH – 5000 vin

Accepted Currencies : ETH, BTC, XRP, LTC, WAVES, USD, EURO

Period for sale: 22nd March 2018 14:00 UTC to 15th April 2018 14:00 UTC

Date of distribution of the tokens: 17 th April to 29 th April 2018

The minimum goal : $ 5.000.000

Maximum goal : $ 34.500.000

COMMAND

Alex Miles is a marketing strategist, founder of Mealful LLC (a project that helps people achieve their fitness goals).

Stacy Denver – increased monthly sales in A Better Bid Car Auctions LLC in 2012-2013. by 150%.

Alexey Listopad is an expert in promotion of projects and design, he developed nine major projects for the US market, being the head of marketing in the company “A Better Bid Auctions LLC”.

And many other experts. Each member of the team has extensive experience in the automotive industry.