VINCHAIN The whole truth about a vehicle’s history on a blockchain.
The market in economics, is where sellers and buyers meet. The buying and selling transactions that occur do not necessarily require physical location. The market in question can refer to a country where an item is sold and marketed. It describes the meeting between demand and supply of goods.
A company or an individual can operate in the goods market by offering goods or production also make a demand for produk.Salah an industry that is developing a project about buying and selling vehicles by understanding the history of vehicles that want to transact it is VINCHAIN.
What is Vinchain?
VinChain is a blockchain database that records all information related to the vehicle. For each vehicle, information accumulated during this usage period is transparent and easily accessible to everyone. The VinChain project solves the asymmetric information problem in secondhand vehicles by creating decentralized, unchanged, transparent, secure, and reliable recycling vehicles.
Since only the seller is aware of the true condition of the rescue car, it is not easy for the buyer to predict whether the car is really in “good” or “bad” condition. The VinChain team is working to ensure complete transparency of the history of a vehicle.
MaProject VinChain solves the asymmetric information problem in the used vehicle market by creating a decentralized, unchanged, transparent, secure, and reliable vehicle life repository.
Change the global market of used cars by making them honest, transparent, reliable and with equal access to information for each participant.
Objectives of the project:
- Create blocks with different levels of access and information protection. Data security should be in accordance with the needs of government agencies.
- Unite participants in the automotive industry, such as producers, insurance companies, dealers, workshops, developers of navigation systems, into a single ecosystem for data exchange purposes.
- Create infrastructure and provide direct access to the database of every market participant.
Token Sale Terms
- Pre-Sale: 1st of December, 2017 – 24th of December, 2017
- Token Sale: 22th of March, 2018 – 15th of April, 2018
- Role of Token: Enable trade of data between data owners and buyers
- Symbol: VIN
- Supply: 1’000’000’000 VIN
- For Sale: 600’000’000 VIN
- Emission Rate: No new tokens will be created
- Price: 1 ETH – 5000 vin
- Soft-cap: 5.000.000$
- Hard-cap: 34.500.000$