VINchain is the first completely immutable database of vehicle history

Market of ‘lemons.’ Introduced by the Nobel prize-winning economist George Akerlof in 1970, it reflects the situationon with the used cars market worldwide to this day.

While in control of the car information the unethical sellers are running all sorts of scams: from hiding pieces of car repair information (boosting its market value) to changing the odometer reading and selling stolen cars. By collecting and securing the full vehicle history information on the blockchain, VINchain aims to fight the used car sales f sales frauds and build a Smart Economy of connected cars on top of the existing ecosystem.

VINchain is the first completely immutable database of vehicle history. It facilitates the accumulation and exchange of 100% trustworthy information between sellers, buyers, insurance providers, repair shops and manufacturers worldwide.

VINchain is a complex system combining sofware, hardware and blockchain solutions.

The blockchain solution protects the car data in the database from being compromised. This protection establishes the new industry standard of trust, thus allowing the market of used cars to step confidently towards the Smart Economy renaissance. While changing the odometer reading might be prohibited in many countries, encrypting it on the Graphene Blockchain will guarantee its immunity to fraud. The hardware solution is currently realized through the support of industry-standard OBD chips that communicate the car information to the database straight from under the hood. The VINchain team is working on the development of the next-gen chips that will generate the most accurate vehicle data on the mar the market while being make-sensitive. The sofware solution is the VINchain app that provides users with an intuitive interface to communicate with the system. The VINchain app is used to request accurate car history reports while shopping, or to sell your generated data to the aggregators for VIN tokens (native in-app utility token). 

Token description

The VINchain token is a utility token do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive dividends, other payments, intellectual property rights, or any other form of participation in or relating to the project described in this white paper and/or in VINchain or any of its affiliates

Token Distribution

ICO summary

Token Sale Volume: 600,000,000 VIN tokens

Token Issue Volume: 1,000,000,000 VIN tokens

Soft Cap: 3,300 ETH

Hard Cap: 23,250 ETH

ICO Dates: 1 Feb, 2018 – 15 Apr, 2018

ICO Bonus Stages: 7 stages with bonuses ranging from 5 to 40%

Token Distribution: 16-23 Apr, 2018

Token Rate at Issue: 1 ETH = 20,000 VIN tokens

Preferred Form of Payment: Ethereum (ETH)

Accepted Forms of Payment: Bitcoin (BTC), Litecoin (LTC), Dash (DASH) 

More Information About VINchain

Website https://vinchain.io/

ANN Tread https://bitcointalk.org/index.php?topic=2349186.0.all

Whitepaper https://vinchain.io/files/wp_summary.pdf

Twitter https://twitter.com/VINChain_io

Facebook https://www.facebook.com/vinchainio/

Iwan Gunawan

Bitcointalk 

https://bitcointalk.org/index.php?action=profile;u=1107647;sa=summary

ETH Address

0x46aE0B8c48cB68e79344cfb9F3D77e594341135B