AlphaCar ICO

THE AUTO WORLD FOR A BETTER FUTURE

About

AlphaCar is Token Economy community, developed by the development team to serve the global automotive industry. It will be used by all consumers and commercial players. A public blockbuster will record all transaction records among consumers and automated commercial players to create a selfless Token Economy community and value tokens from all members of the community contributing to the Token Economy community.

Based on blockchain, IoV, Big Data and AI technologies, AlphaCar will make car transaction and evaluation records impossible to be tampered or deleted，and optimize the automobile industry efficiency and service quality. Alphacat will provide all parties with a trustless community Token Economy.

AlphaCar Technology:

Blockchain and the Auto Industry

AlphaCar is a community Token Economy designed by the development team to serve the global automotive industry. It will be used by all consumers and commercial players. The public blockchain will record all transaction records among consumers and auto commercial players so as to establish a trustless community Token Economy, and reward tokens to all community members who contribute to the community Token Economy.

The automobile industry is the largest lemon market in the world, and blockchain is the best technology to solve the problem. Based on the inherent properties of the blockchain technology, AlphaCar will make all transaction records in the automobile industry cannot be tampered or deleted.

Big Data With IOV

We expect to acquire large-scale, real-time, multimodal data related to driving, maintenance as well as driver data, and leverage such big data for in-depth and fine-grained analytics, which would facilitate comprehensive, transparent, sustained and optimized after-sale services to the mass of car owners.

Our platform possesses mass equipment connection capability and real-time big data processing capability, which support personalized auto insurance pricing and private car sharing implementation.

Network Effect

The value of AlphaCar follows the network effect and is proportional to the square of number of community members. The network effect refers to the “Metcalfe’s Law”proposed by Robert Metcalfe, the creator of the Ethernet and 3Com. It states that the value of a telecommunications network is proportional to the square of the number of connected users of the system. The Chinese company Tencent and the US company Facebook are both successful cases of the network effect.

The network effect refers to the “Metcalf law” which is proposed by the Internet pioneer Robert Metcalfe. The law states that the value of the network is proportional to the square of the number of network members. The value of the AlphaCar will increase exponentially in proportion to the number of community members.

Prospective Applications of AlphaCar

As a dencentralized organization serving the global automotive industry, the AlphaCar Foundation assists the global automotive industry stakeholders to develop a healthy Economy and benefits from it. Car owners will enjoy one-stop and continuously improving auto services, such as usage based insurance, car sharing, car sales, auto finance, and auto repair and maintenance. The automobile transaction records of AlphaCar’s members will be recorded on the blockchain, and analyed using open source big data AI algorithms. The auto service providers ranking will be continuously improved, along with better consumer experience. This will help quality service providers to quickly grow in the Economy

Shared Design: Designers worldwide collectively design new cars and share rewards
Shared R&D: Engineers worldwide collectively develop new cars and share rewards
Car Sharing: Share cars safely through blockchain and IoV tech
Usage Based Insurance: UBI to reward good driving behavior
Car Maintenance & Repairs; One stop service network survival of the fittest
Car Trading; Blockchain big data transparent pricing
Car Financing: Blockchain big data provide eﬀective trustless risk control

Roadmap:

2017-Q2

Project kickoff

2017-Q4

Determine project technology and appplication roadmap

2018Q1

Complete the project white paper. Road show kick-off

2018-Q2

ERC20 token ACAR will be issued and listed on exchanges. Community members reach 100,000. UBI is available.

2018-Q3

Community members reach 1 million. Private car sharing is available.

2018-Q4

Community members reach 3 million. Car trade and car financing is available.

2019-Q2

Community members reach 10 million. Car design and R&D Sharing is available.

2020-Q2

Community members reach 50 million. Applications in automotive industry flourish in the community.

2021-Q2

AlphaCar is widely adopted to support a fair and transparent automotive industry. Emergence of a trustless and self-evolving automotive Economy.

AlphaCar Token Introduction:

AlphaCar will issue ACAR tokens in accordance with the ERC20 standard. ACAR token is a utility token, which can be used to purchase services in the AlphaCar CTE. The number of tokens are 10 billion and will never be over issued. The number of tokens will also decrease due to the burn mechanism, in which no less than half of the project’s profit will be used to buy back and burn the ACAR tokens.

40% of the ACAR will be offered to early purchasers of the token, 20% will be rewarded to community members for their contribution, 10% will be used for CTE development, 20% awarded to the project team, 10% to project advisors and commercial cooperation.