Last Chance to get your tokens – BitCar Token Sale closing today 5pm AEST

Key Takeaways

• BitCar’s token Sale ends on Friday the 20th
• Co-founder Gov van Ek presented at the World Blockchain Forum Dubai
• All unsold BITCAR Tokens will be burned

If you, like us, believe in the positive future of asset tokenization, then you’ll want to know about BitCar.

The BitCar.io Platform will allow for fractional ownership and decentralised, peer-to-peer (P2P) trading of the best performing asset class of the last decade – Exotic cars (rare and collectable classic, super and hyper cars). For the very first time, BitCar is opening up mass-market exposure to this exclusive asset class, using the new BITCAR token to facilitate these trades and purchases.

See the BitCar explainer video here

https://youtu.be/s-AK6BfFysc

What Makes BitCar Different?

• Stable Coin
  • The BitCar Platform’s CAR (asset) tokens are backed by an Exotic car –  a real asset acting as a haven in times of crypto volatility. The value of the CAR tokens are pegged to the USD value of the Exotic car.
• Fractional Ownership
  • Historically, the trading and ownership of Exotic cars can only be done in whole and through dated paper titles. In the new world, asset tokenization allows for fractional ownership in the most rare and expensive collectable cars. By purchasing the related CAR tokens on the BitCar Platform, users would be linked to a piece of the car’s title on the Blockchain network.
• Best Performing Asset Class  
  • Exotic cars have made up the best performing asset class of the last decade outperforming others like the S&P500, property, gold, silver, hedge funds etc. The performance of this index can be tracked via the Hagerty’s Index, or Knight Frank Luxury Index.
• P2P Trading
  • The BitCar Platform will use Smart Contracts to facilitate the P2P trading of Exotic car ownership, for those looking to sell or acquire more of an Exotic. In the end, the owner who trades their way to full ownership can choose to take possession of the car.
• Decentralized
  • The CAR token holders are the car owners, not BitCar! Global, third-party agents will acquire, store and tokenize the Exotics. BitCar.io provides the technology and Platform that has been in development since 2015 to make this possible.
• Utility token
  • BITCAR tokens are designed to be used to purchase the CAR tokens, pay trading fees, maintenance, storage and insurance. They are also accepted by exotic car dealerships like Moonlambos in the US and UK. The Token Sale is currently in its final round, closing today 5pm AEST.

Watch BitCar present live at the Crypto Investor Show in Dubai.

BitCar is running a Token Sale closing today 5pm AEST and have already raised SGD$9.22 Million in their Private and Public Sale. Following the conclusion of the ICO, all unsold BITCAR Tokens will be burned, which is going to limit the supply on the market before the platform is getting finalised and the first cars on-boarded. You can find out more about the Token Sale and how to get involved here.

 

About BitCar

In a world first, the BitCar platform allows fractionalized ownership and decentralized peer-to-peer trading in Exotic Cars with a new BITCAR token. Imagine being a part-owner of a Ferrari F40, Maserati MC12 or Bugatti Veyron just to name a few. Owners can peg their crypto to these hard assets for protection during times of high crypto volatility.

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