BitCar opens up the Exotics (rare and exotic hyper, super and classic cars) asset class to everyone in the world, allowing anyone to purchase an interest and or trade in different Exotics. BitCar is opening up the door to traditional car ownership of Exotics. BitCar is an Ethereum-based Exotic cars trading platform. Historically the ownership of Exotics and classic cars has been limited to the very wealthy, BitCar intends to disrupt this fact. Another neat feature of BitCar's ecosystem is that owners are able to peg their crypto to these hard assets for protection during times of high crypto volatility.
BitCar runs on a dual-token system, allowing users to hold or trade digital Ethereum blockchain tokens called BITCAR, which grant access to a platform where Exotics can be owned and traded in small fractions. A second level CAR token is used as the digital asset token for the individual Exotic cars.
BitCar will be holding its ICO on January 31st, 2018. The ICO token supply represents 50% of the total token supply, so there will be a total of 250,000 tokens available, for 0.10 USD each at the offering. The ICO funding cap is 22,000,000 USD and is expected to end on April 20th, 2018 or when the funding cap is reached.
Token Reserve Split (50%):
BitCar ICO campaign will feature Bonuses and bounty campaign, and the token will not be mineable.
USD Total funds raised based on the following Exchange rates:
1 BTC = 9,667.50 USD
1 ETH = 805 USD
1 LTC = 162.00 USD