Whitepaper Carproject.io info@carproject.io
Index I. What is CAR Project... 3 Introduction Core Objective CAR Project solution Improving Luxury CAR business II. The Luxury CAR Market... 4 Super Luxury CAR Sales are booming How Clients shop for Cars? Digital demand CAR Project platform III. CAR Roadmap... 8 The idea in 2017 March 2018 April 2018 April 2018 November 2018 March 2019 IV. Car Token... 10 V. Technology... 11 Why Blockchain? Ethereum and the smart contract system VI. Disclaimer... 12
What is CAR Project Introduction Imagine a customer that want to hire a full-featured extra-luxury car in the long run, buy it, or just have it for a few days at a special event, maybe while he s on a business or leisure trip to another country. Above all, imagine that he can have these services by accessing an online platform that allows to pay in cryptocurrency. Here's what Car project will be: the online blockchain based portal to buy or rent extra luxury cars. The core of the exchanges will be CAR, the Erc20 token, with which the business will be carried out on the portal. Core Objective The main objective of CAR Project team is to create a platform that can serve the purposes of both the CAR dealers (or service providers) and Clients. The platform will be built over Ethereum protocol with the use of smart contracts for automation and will provide an easy and cost-effective way to sell CARs and showcase CAR services. CAR Project will incorporate a simple user interface that allows the users to browse services just the way they have been doing on conventional services platform. The multi cryptocurrency makes the platform even more convenient for the users. CAR PROJECT WITHEPAPER v1.2 3
The Luxury CAR Market Super Luxury CAR Sales are booming According to Forbes and Jato 1, the number of billionaires has continued to expand over last years and the sale of super Luxury CARs has grown significantly (+15,9%) with China market growth on the top. Luxury CAR Sale 30.000 25.000 Billionaires 20.000 15.000 Luxury Car Sales 10.000 5.000 0 2010 2011 2012 2013 2014 2015 2016 The largest market is still in US (30% of the volume) but the sales only grew by 1.1%. A great increment has been in UK (+15.6%) that represents the second but almost lost this position for the incredible growth of China (+54,2%). CAR PROJECT WITHEPAPER v1.2 4
The clients of top Brands like Bentley, Ferrari and Aston Martin are looking for Status and for the latest technology, performance and design. That s why the manufacturers are evolving powertrain and segmentation: hybrid engines and SUV. From the 10 tops Brands 9 already have announced hybrid/electrification. And one of the reasons of the demand increasing is explained with the SUV boom. CAR PROJECT WITHEPAPER v1.2 5
TOTAL SALES 28.5K +16% (15-16) MCLAREN 6% ASTON MARTIN 10% OTHER 2% ROLLS-ROYCE 10% BENTELEY 37% LAMBORHINI 11% FERRARI 24% How Clients shop for Cars? How Americans shop for a car Today 2 : CAR Buyers spend 59% of time researching. While searching they use multiple devices. 78% used Third Party sites for car shopping. CAR PROJECT WITHEPAPER v1.2 6
OEM Sites Dealership Used New Total 3rd Party Sites 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Digital demand Digital channels are already the primary information source for customers and 3rd party sites are already the main places where Americans buy CAR. This is putting pressure on the existing dealership structure in the rest of the world as well. CAR Project platform CAR Project will be the first platform to bring the cryptocurrency to a market in continuous developing. CAR Project solution CAR Project will bring in the tried and tested decentralized application model into the luxury CARs business industry. Until now who want to buy CAR PROJECT WITHEPAPER v1.2 7
or rent a sport, luxury CAR had to use third party centralized service or platform with intermediaries who charge an additional commission. This commission often eats into the earnings of the Service Providers/ CAR Dealers and makes prices higher, to be borne by the clients. The use of blockchain, smart contracts and cryptocurrencies helps the CAR platform to maintain low operating and transaction costs. Improving Luxury CAR business The CAR platform will be designed to improve the business industry, insuring with the decentralized platform unprecedented levels of flexibility. By providing complete freedom to Car dealers and Service Providers to upload their CAR/Services and set their own pricing, it will encourage more dealers to register on the platform and start selling services. And, the absence of third parties reduces cost overheads in the form of commissions, with benefit for providers and clients. The payment methods and global nature of the project based on blockchain and cryptocurrency technology will make it easier for users from anywhere across the world to use the platform with a choice of services available for clients virtually endless. CAR Roadmap CAR PROJECT WITHEPAPER v1.2 8
The idea in 2017 Many of our team work helping people to attend or conduct high-level meetings, often in other countries. None of the people with whom we work, having the chance, wants to give up their habits. Especially in terms of cars. For this reason we are well aware of the difficulty of finding a luxury car rental service or a car Dealer that is discreet or even anonymous, competitive and has a wide choice of cars. So, looking at the market trends, in 2017, we had the idea of Car Project. CAR PROJECT WITHEPAPER v1.2 9
Car Token Token Name: Car Token Token Symbol: CAR Total Supply: 130000000 CAR Decimals: 18 Format: ERC20 Compliant Cryptocurrency accepted: Ethereum 1 ETH = 4000 CAR Contract address: 0x590e11907ebf4b217bdf8b0a77d6938849cd94dc CAR tokens will be listed on some of the leading exchange platforms: our team is in the process of getting the tokens listed and available on the leading exchange and trading platform in the cryptocurrency market. CAR PROJECT WITHEPAPER v1.2 10
Technology Car Project is an anonymous, decentralized, people-oriented service. The platform will be built over tried and tested Ethereum protocol and transactions on the platform will be mostly handled using its own CAR tokens an ERC20 based cryptocurrency which is now one of the most sought-after token creation standards. Why Blockchain? The answer is very simple: blockchain technology is the future of the economy. The growth and widespread adoption of blockchain is one of the greatest technological innovations of the modern era. In simple terms, a blockchain is a decentralized register or a distributed database of documents which reflects all the transactions between two parties. The register is dated, transparent (it is shared among all the parties involved), verified by a consensus of majority (rather than by any central authority) and permanent (once the document has been entered, information can not be deleted). The choice of blockchain platform serves a varietyof purposes: the possibility of increased automation with the help of smartcontracts. the cryptocurrency blockchain provides additional security an high degree of anonymity to the users on the platform. the immutable nature of distributed ledger technology ensures accurate record keeping while maintaining transparency and data integrity. CAR PROJECT WITHEPAPER v1.2 11
the blockchain supported peer-topeer decentralized network is used to host all the content to further strengthen the security and privacy. The implementation of blockchain technology comes with an associated cryptotoken in this case it is the CAR token which is used for all the transactions happening over the platform. By using cryptocurrency as mode of value exchange, the platform easily overcomes the geographical and technical barriers that prevents flawless use of fiat currency payment solutions across the world. Ethereum and the smart contract system The CAR ecosystem is built on Ethereum protocol, the most favored blockchain environment for building decentralized applications. The Smart Contracts are a revolutionary technological development that allows developers to create contracts that get executed when the predefined conditions are met. These smart contracts have paved the way for increased automation on blockchain platforms. Disclaimer The sole purpose of this White Paper is to assist potential CAR Token holders in making decisions regarding the purchase of CAR Tokens. This White Paper is provided to the recipient for informational purposes only and is not an offer or an invitation to buy or sell, nor does it constitute any form of obligation on behalf of the Initiator to pay any commission for any transaction. For the avoidance of doubt, this White Paper and any and all material contained herein, which may not be exhaustive, CAR PROJECT WITHEPAPER v1.2 12
do not imply any elements of any contractual relationship or obligation of any kind. Each recipient of this White paper should rely solely on his or her own knowledge, investigation, judgment, and assessment of the matters discussed herein and on any information that is made available in connection with any further enquirers on the part of such recipient and must satisfy himself or herself as to the accuracy and completeness of any such information. The recipient should understand the essence, use, details, intricacies, and risks of cryptocurrencies, cryptographic tokens, and blockchain based software systems prior to making any CAR Token purchase. Certain statements, estimates, and financial information contained in this White Paper may constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from the estimates or results implied or expressed in such forward-looking statements. Furthermore, while every effort has been made to ensure that statements of fact made in this White Paper are accurate, all estimates, projections, forecasts, prospects, expressions of opinion, and other subjective judgments contained in this White Paper are based on assumptions considered to be reasonable as of the date of the document in which they are contained and must not be construed as a representation that the matters referred to herein will, in fact, occur. Any plans, projections, or forecasts mentioned in this White Paper may not be achieved due to multiple risk factors. The recipient acknowledges, understands, and agrees that the Initiator shall not be liable in any way for any direct or CAR PROJECT WITHEPAPER v1.2 13
indirect losses resulting from any acts or decisions undertaken on the basis of information set forth in this White Paper. If the recipient is a U.S. Person, then in order to be eligible to purchase, hold, or receive any VLB Tokens, such recipient will be required to be verified as an Accredited Investor as such term is defined in Rule 501 of Regulation D of the U.S. Securities Act of 1933, as amended (the Securities Act), and will be required to submit documentation to prove his or her status as an Accredited Investor. For the purposes of this White Paper, the term U.S. Person means a person as defined in Rule 902(k) of Regulation S of the Securities Act. Potential CAR Token holders are not eligible and are not to purchase, hold, or receive any CAR Tokens if they are a citizen or resident (tax or otherwise) of the People s Republic of China (the PRC), the Republic of Korea, the Republic of Indonesia or Singapore, or are any other PRC, Republic of Korea, Republic of Indonesia or Singapore Person. For the purposes of this White Paper, a PRC, Republic of Korea, Republic of Indonesia or Singapore Person is generally defined as a natural person residing in the People s Republic of China, the Republic of Korea, the Republic of Indonesia, or Singapore, or any entity organized or incorporated under the laws of the People s Republic of China, the Republic of Korea, the Republic of Indonesia, or Singapore. The recipient acknowledges, understands, and agrees that to the extent CAR Tokens are deemed to be securities under the laws of any jurisdiction in which CAR Tokens are to be traded or subject to transfer, such trades or transfers of CAR Tokens may be restricted by such laws. CAR PROJECT WITHEPAPER v1.2 14
This White Paper is available only in English. The information contained herein may be translated from time to time into other languages or used in the course of written or verbal communication with potential CAR Token holders. In the course of such translation or communication some of the information contained herein may be lost, corrupted, or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In case of a conflict between the English and translated versions of information or communication, the provisions of this English-language original document shall prevail. The recipient acknowledges, understands, and agrees that this White paper in no way guarantees success or immunity from any civil and/or criminal dispute or prosecution due in part or in whole to the evolving nature of the blockchain and cryptocurrency industry. Thank You for supporting CAR PROJECT 1 Source: https://www.forbes.com/sites/niallmccarthy/2017/05/08/superluxury-car-sales-are-booming-infographic/#1c6cbfb914b7 2 Source: http://www.relevateauto.com/25-amazing-statistics-on-howconsumers-shop-for-cars/# CAR PROJECT WITHEPAPER v1.2 15