Welcome to BitCar

What we do

BitCar is a blockchain-based platform that allows for fractional ownership in the best performing asset class of the last decade - collectable exotic cars. For the first time the mass market will have access to this best performing asset class, which is tradable on BitCar's live auction peer-to-peer trading platform. Additionally, the live auction platform allows users to eventually trade their way up to full ownership of an exotic, allowing them to have the option to take the exotic for themselves.

Using a dual token economy, BitCar's asset token (called CAR), is backed up by the physical, hard-metal exotic cars and pegged to their USD value- acting as a "stable coin". This provides relative protection in the times of crypto volatility.

Background

Over the last two years the BitCar Team, including members from Ledger Assets Pty Ltd, have established and developed the BitCar technology, skills and grown the Team to bring the BitCar Platform to launch. Ledger Assets, a leading blockchain commercialization company in Australia, has been behind several successful blockchain companies. They successfully co-founded and developed blockchain technology in the Energy, Medical and Identity industries, becoming a world leader in its field.

BitCar was established in 2015 and developed its world first prototype trading platform technology. Over the last year BitCar has extensively tested its platform and will be further developing and transforming it into a decentralized trading platform for Exotics.

How it Works

1. You

Currencies Accepted:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Credit Card (via payeer)
2. BitCar Token

Utility Token

Multiple users within the BitCar platform.
- Value may go up depending on it's demand once traded on exchange.
- Can be used to purchase from dealerships such as MonLambos.
3. Car Token

Asset Token

Represents the fractional ownership of an exotic on the platform.
- Can be traded peer-to-peer on the platform. E.g. Users can buy LamborghiniMiura#001 tokens and sell their FerrariEnzo#001 with each other on the platform.
4. Ownership

Your ownership of the car.

Roadmap

Q4 2017

Whitepaper released and ICO planned.
Q1 2018

Update to sofware development and decentralized platform testing will begin. Marketing of BitCar and incentivization of partners will start.
Q3 2018

Updated platform will be released and trading launched.
Q4 2018

Initial BitCar awards issued.
Q1 2019

Trading volume accelerates, volume of Exotics increases rapidly.
Q2 2023

First exotic sold from platform.