Decentralized Autonomous Vehicle Token Sale And Offering
Thanks to the blockchain, there have been a lot of cryptocurrencies innovated like Bitcoin for example without collaborating with banks or governments. A plus of these cryptocurrencies is the fact that payment on services and goods is instantaneous. However, technology has been evolving from the initial digital currency phase to one geared towards the energy market.
The energy demand of the world has been predicted to surge in the years to come and with that upsurge, current payment systems would be overwhelmed. This upsurge is a direct result of the adoption of electric vehicles. Blockchain has been collaborating with start-ups to create novel business models which are sure to utilize added energy supply. One such startup is called Decentralized Autonomous Vehicles or DAV.
What is DAV?
DAV can be defined as an open source protocol that is decentralized and built using the Ethereum network with the goal of using smart contracts to link network participants using the DAV currency to self-driving vehicles. Network users would be enabled to request for autonomous vehicles using the DAV token, to procure a ride to any destination or pickup and also deliver packages. Suppliers of these charging stations and autonomous vehicles are also able to earn supplementary income for these services by receiving DAV tokens as compensation for the services rendered.
Once adopted the DAV token is bound to increase in value. When used within the platform, the token will increase in value based on the network size. The industry containing autonomous vehicle certainly is one with growth prospect, and DAV is a company which ensures its investors, as well as its company, benefit from its ground-breaking efforts.
Rethink in a report it published, approximates that an increase in demand as well usage of autonomous vehicles would see people select to use additional on-demand vehicular services and as a result move away from owning cars. Early estimations propose this shift is likely to save over $5600 yearly for average families which in turn pumps in an extra $1 Trillion by 2030 as cash on hand.
Token Sale & Token Distribution
DAV aims to raise over $38 million of capital through the sale of 50 percent of its tokens. The majority of the funds are earmarked for R&D activities. The toke used by DAV is an ERC-20 token. Investors who are early enough can buy DAV tokens with Ethereum. The token sale is to take place from the 14th of March, 2018 to the 13 April, 2018.
Bounty Program
DAV has begun a Bounty Program which will run till the end of the token sale with the aim of rewarding DAV tokens to its supporters.
1.5% of all tokens raised are for the Bounty Program.
General Bounty distribution:
15 percent of the general bounty is allocated to moderation and translation, with social media receiving 12.5 percent, creation of content receiving 30 percent, YouTube receiving 5 percent and signature being allocated the lion’s share of 35 percent.
Conclusion
To find out more information concerning DAV and how it plans to change the world, head over to https://dav.network/.
Amazing car! <3
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Looks really interesting, but I am not really sure if there is a need for a Token like this
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