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BitCar

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Peer-to-Peer exotic car trading platform

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Team:

Dr. Gov van Ek - Co-founder

Daniel Woodroof - Cars Specialist

Charles Kilborn - International Engagement

Alasdair Penman - Software & Blockchain Engineer

John Bulich - Technical Advisor & Co-founder

Rose Burnett - Digital Marketer

Historically the ownership of rare and exotic hyper and super cars (known as ‘Exotics’) and classic cars have been limited to the very wealthy, until now. BitCar opens up Exotics 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 and the P2P trading platform is only the very first instalment to the BitCar’s decentralised platform. The automotive industry is set to be disrupted and BitCar, after two years of research and development with the top legal firms in the industry, are set to take on the automotive industry by storm.

Expert Review

TokenTops
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3.1 out of 5

BitCar is a blockchain-based platform that allows for fractional ownership in the exotic and sport cars. One can even trade his way up to the full car ownership. BitCar was established in 2015 and developed its world first prototype trading platform technology. Over the last year BitCar has been testing its platform and will be further developing and transforming it into a decentralized trading platform for Exotics. The fact that the token will be backed up by real assets - that is cars, can make it act as a "stable coin". This provides relative protection in times of crypto volatility. They even provide stats and data, which suggests that in the exotic car market some of the vehicles may even grow in value over time, making the coins worth more also. Further into the project development, BitCar may introduce gamification, which could be integrated with existing gaming providers. For example users could race each other with vehicles reflecting those that the users hold CAR Tokens for. Potentially users could even compete with each other for Tokens that they hold.

User Review

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soon1026 march 2018, 18:10

This is all new to me and I took a chance and bought some bitcar tokens I hope this pays off atleast if I'm able to get a free car even as I currently do not have a car it got wrote off recently in a accident

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