When we wish to buy a old car, we don’t have any information about that car. It is difficult to guess the price of the car since most related information are not open to access for everyone. Even we don’t have information about how many owner of a car previously. Now this will be open for everyone, Vinchain is new blockchain startup which will collect all vehicle information and store it in decentralized distributed system to provide real and accurate data which is 100% transparent, reliable, and accessible by everyone.
Information is captured from county registries, insurance and leasing companies, different partnered services, private registers, paid APIs and certified members. Information is also collected directly from vehicle, so correct data is always live in real time. Blockchain is used to eliminate corruption and mainain integrity in information which will guarantee that information has not been faked, changes or deleted.
Vinchain started it’s VIN Token sale in order to raise fund through crowd funding. Total 600,000,000 VIN is allocated for sale out of 1,000,000,000 VIN which is total supply of the token. It completed it’s Pre-sale and token sale is already started from1st February and last still 15 April of this year.
User will get 20,000 VIN for 1 ETH without bonus. As per company information it is already raised 2,351.00 ETH and targeting hard cap 4950 ETH.
To participate in this ICO user have to register through it’s website and submit KYC to successfully participate in the ICO sale.