VinChain ICO: What You Need to Know Before You Invest

VinChain in a nutshell

VinChain is a decentralised databased built on the blockchain which aims to provide a comprehensive record of each cars history. Users will be able to purchase car history reports using either fiat or VIN tokens. The payment will be distributed amongst the Vinchain platform and the participants who provide the data.

Vinchains customer base

Vinchains primary customers will be consumers buying a vehicle. Tens of millions of cars are sold each year and many of these will require a car history report so this consumer market should be substantial.

This is not Vinchains only market however. There is also the B2B market as well. Insurance companies will be able to use the information on the Vinchain blockchain before they make insurance payments. These will help to insure cars are insured on their actual state as well as to identify bad cars.

Car dealers will be able to use the Vinchain blockchain in order to provide a more accurate analysis of a cars market value. When they sell a car they will be able to provide more detailed information about it which should be seen as advantage by customers.

Cost of car history reports

The cost of a car history report on Vinchain is 25 VIN tokens. This is roughly the equivalent of $1.25. This compares to an average market price for a similar report of $9.

Token used on Vinchain

Vinchain will have its own usage token called VIN token. The main public ICO for the VIN token will be between March 22nd and April 15th 2018. The ICO is planned to end early if Vinchain reaches its maximum limit.

You can learn more about the Vinchain ICO by visiting:

Vinchain Website: https://vinchain.io/

Vinchain Whitepaper: https://vinchain.io/files/VinChainWhitePaper011217.pdf