Global&decentralized car history registry built on Blockchain technology – carVertical (CV).
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Ethereum ERC20 standard token.
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What is carVertical
carVertical collects large quantities of information from a lot of different trusted sources, organizes it in the form of records and stores it on the blockchain. carVertical feeds this information into carVertical data analysis stack, which, by using machine learning and advanced mathematical models, calculates the real value. Most of carVertical elements will be open sourced and carVertical system will be moving to full decentralization to preserve transparency. carVertical will incentivize and empower users to easily collect and get rewarded for the data they own. carVertical is using Merkle tree with Merkle reduce list to store final state of vehicle data in Ethereum.
carVertical registration process will include verifying the users identity to the public key of his wallet. carVertical users will have to use Civic (they will implement more identity services later) to verify their identity (they will not be handling any personal data).
carVertical vehicle owners will be able to pay using tokens they currently own and receive discounts according to the amount of tokens they hold. Marketplace will be built with Ardor (an evolved version of NXT) blockchain.
DetailsPublic sales: Dec 25, 2017 - Apr 05, 2018
Soft cap: 3,050ETH
Hard cap: 5,739,470 USD(fiat)
Raised: 19,941,250 USD
LegalCountry limitations: Estonia
Token infoTicker: CV
Token price in USD: 1 CV = 0.00289228 USD
Token price in ETH: 1 Token = 0.000004 ETH
Accepted currencies: ETH
23% carVertical.Wallet early birds
1% Special coins
6% ICO organization, legal and incorporation expenses, payments for advisors, third-party services and marketing
Started working on MVP
Made 50,000 EUR self-investment
Budget increased by additional 30,000 EUR self-investment
MVP launch of car history pre-check
Start of ICO
Start onboarding databases and registries of different countries
Alpha version of Wallet application: Power to the People
Alpha version of API
End of ICO. In 6-16 weeks tokens will be listed on exchanges
White label solution for biggest classifieds group in the Baltic states
Start generating revenue
First EU country with Reports product
Beta version of Wallet application
carVertical development continues in all directions