VinChain: The history of decentralized vehicles

The problem was noted and described by Nobel laureate George Akerlof in his scientific paper "The Market for Lemon: Quality Uncertainty and the Market Mechanism" in 1970. He described the market mechanism whereby one party (the seller) knew much more about the product than the other party (buyer). This is also referred to as "asymmetric information market".

The VinChain project solves the asymmetric information problem in the  
used vehicle market by providing a decentralized, unmodified, transparent, safe and reliable vehicle life cycle repository.

What is Vinchain?

VinChain is a blockchain database that records all vehicle-related information. For each vehicle, information accumulates throughout its life. This story is transparent and easily accessible to everyone. To protect the accuracy of information, distributed storage technology is used. It guarantees absolute reliability and data security. 
Every day hundreds of thousands of used cars are sold in the world, and  
every buyer wants to get reliable information about the technical condition of the car. This is an important security, finance and security problem.
Unfortunately, there is not a single vehicle database. There is a commercial base, but it does not solve this problem. Your information is stored centrally and there is an incorrect risk. The commercial base is closed and does not exchange information with each other. As a result, car buyers risk stepping down and losing money. 
In the future, technology can be  
adapted to adjacent market segments: yachts, construction equipment, real estate.

The purpose of Vinchain

Change the global used car market with honest, transparent,  reliable and equal information for each participant. 
Tujuan proyek

1. Create blocks with different access and information protection levels. 
The level of data security should meet the needs of the authorities. 
2. Combine automotive industry participants, such as  
manufacturers, insurance companies, dealers, garages,  
navigation system developers, into a single ecosystem to facilitate  
the exchange of data. 
3. Build the infrastructure and provide direct access to the database for each market participant.

business model

-Evaluation of supplier data based on rating scale. 
- Each blockchain request is a paid token. 
- Each report contains data about cars from multiple suppliers. 
- Each provider who receives the data used in the report receives a token payment. 
-VinChain receives a commission from every request.

ICO description

Why Blockchain?

Benefits of using blockchain technology for VinChain:  
● Blockchain can store information about vehicle maintenance  
● Ability to customize access levels for different users  
● Absolute reliability  
● A transparent reward system for data providers  
● Possibilities to work directly with any market participant \  
● Network Resistance Attacks  
Presale: 1 12 to 12 December, 12,000,000 tokens will be available  
for placement with a sales tire of 3 months after the ICO expires. 
Emissions and sales tokens in ICO. 
The ICO will take place from 22 to 15 March 2017. Payment methods  
for VinChain tokens:  
● Bitcoin (BTC) 
● Ethereal (ETH)  
● Riple (XRP)  
● Litecoin (LTC) 
● Wave (WAVE)  
● USD, EUR, GBP  
Available for placement: 600,000,000 tokens. 
Token is distributed among buyers within 72 hours. 
ICO Completion  
Maximum Investment Amount: $ 34,500,000.

TOKEN SALES

We have set a reasonable minimum purchase of $ 1, but there is no upper limit. The accepted currencies are USD, BTC, ETH, XRP, LTC, WAVES and EURO. 
Pre-  Sale 
1 December 2017 14:00 UTC - 24 December 2017 14:00 UTC  
Sale  
22nd March 2018 14:00 UTC - 15th April 2018 14:00 UTC  
Token Role Enable Data Sharing between the Data Owner and Buyer  
VIN Symbol  
Type You 1 'to 000'000'000 VIN  
Sold 600'000'000 VIN Issue Level  
No new token is created  
Price 1 VIN = 5 cents 
Currency Received  ETH, BTC, XRP, LTC, WAVES, USD, EURO Period of  
Sale 22 March 2018 14:00 UTC until April 15, 2018 14:00 UTC 
Token Distribution April 17, April 29, 2018  
The minimum 
goal is $ 5 million The maximum target is $ 34.5 million

helmet

Maximum investment: $ 34.5 million.

Token distribution patterns are as follows:

The Genesis block distribution pattern in VinChain Network will contain 1,000,000,000 utility tokens. 
600,000,000 => distributed among ICO members; 
250,000,000 => reserved for founders, consultants and other team members with a 2-year sales limit; 
137.500.000 => secured with a sales restriction of 2 years; 
12.500.000 => reserved for first-time buyers with sales restriction 3 months after the end of the ICO

road map

team

For more information, please visit the following links:

WEBSITE: https://vinchain.io/en 
WHITEPAPER: https://vinchain.io/files/white_paper.pdf 
ANN THREAD: https://bitcointalk.org/index.php?topic=2349186.0.L 
Facebook: https: //facebook.com/vinchainio/ 
Twitter: https://mobile.twitter.com/VinChain_io 
Telegram: https://t.me/vinchainio

Link to Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1451221

My ETH: 0xACE2d47039C296a158e6EE1827300e6B098B9B0B