Have you ever wondered whether or not the used car you are planning to buy is actually what you think it is? It looks black, but was it always black? The dealer says it was never involved in a car accident, but is that true? Is the mileage accurate?
carVertical is here to answer all these questions with a very promising project that will provide buyers and sellers of the full history of their car.
What is carVertical?
carVertical is a blockchain-based solution that collects information about a car’s history from sources like country registries, Interpol databases, insurance companies, police and many others. The project will provide the users with an environment where they can retrieve the data for their own car. The fact that the data will be part of a blockchain project, it provides us with security and trust as the data of the cars can't be changed, faked or manipulated.
The team and the advisors
carVertical has a very interesting group of people as it’s team members, covering a range of different expertise. Also, the advisory team seems extremely promising with experts in the automotive industry in China, Russia and a lot of employees or ex-employees of the BMW group. It is also backed by the European Union, which provides a very strong support for the community of carVertical.
Project projection
carVertical is currently targeting 4 markets in Eastern Europe, and by next year that will grow and expand to Russia and the rest of Europe, including Spain, France, Italy, UK and many more. By 2022, carVertical will be part of US markets, South African markets, and Asia!
Community engagement
Another very interesting aspect of this project is the public engagement in social media like twitter and telegram! carVertical currently has more than 10k members on telegram and almost 6k followers on Twitter.
Milestones reached ahead of schedule
Start of ICO sale started in December 2017, and was sold out in a few days. The token was supposed to hit the market on the 5th of April, but it just hit EtherDelta yesterday with a very promising increase in price. ICO was being sold initially at 0.0000031ETH (approx $0.003) and it hit the market at 0.000015ETH (approx $0.015)! carVertical also announced that the token will be joining the Kucoin exchange on the 24th of January at 14:00 GMT. Exciting!!!
Can't wait to see how this project is going to evolve, both as a product and as an investment opportunity. What do you think?
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