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#Blockchain All projects

SparesHub: Automobiles Marketplace

The Power of Blockchain applied to Global Automobile Maintenance Industry

stage Ended crowdsale

3.1 Rating

by 2 users


    • Employees18


    man Tapas Gupta

    Founder & Chief Executive Officer

    Tapas started SparesHub 5 years ago with the vision of organizing the automobile industry in India. Today he manages the overall growth & strategy at SparesHub.

    man Arijit Chakraborty


    Arijit is a cars fanatic and has 6+ experience in the automobile industry. He manages the customer and supplier relationships at SparesHub.

    man Sivaraman B

    Key accounts and Strategic Partnerships

    Sivaraman handles key B2B clients at SparesHub.
    He also manages supplier contracts.

    man Neena Lijo John

    Manager Human Resources

    Neena is the human resource manager at SparesHub and she manages all employees related matters.

    man Shubham Kharote

    Operations Executive

    Shubham is part of the supply team and handles SparesHub relationship with it’s suppliers.



    Prasad Vanga

    Rajeev Menon

    Sailesh Sigatapu

    Crowdsale details

    Distribution of tokens
    • Crowdsale (65%)
    • Company Reserve (25%)
    • Bounty Program (5%)
    • Team (5%)
    Budget allocation
    • Certified Repair Centers (28%)
    • Parts Business (26%)
    • Customer Acquisition (20%)
    • Blockchain Parts Authenticity Platform (16%)
    • Business Expansion (10%)
    Details Indicators
    Token Symbol PRTS
    Full Token Name SparesHub Token
    Pre-crowdsale Start April 10th, 00:00 GMT+03:00
    Pre-crowdsale End May 10th, 00:00 GMT+03:00
    Crowdsale Start June 25th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or July 25th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $25000000
    Crowdsale Soft Cap Yes, $1000000
    Incorporation Details #405, Mont Vet Apex, Opp. Orchid School, Baner, Pune, Maharashtra, India 411045
    Domain registration date 2013-07-31
    Domain owner Iradium Automobiles Pvt Ltd, Iradium Automobiles Private Limited, 405 MONT VERT APEX BALEWADI PHATA BANER, Pune, Maharashtra, INDIA

    Cost of the token

    1 token for 0.1 $

    Price without discounts


    Main TGE (< $2 million to $5 million): 30%
    Main TGE (< $5 million to $10 million): 20%
    Main TGE (< $10 million to $15 million): 15%
    Main TGE (< $ 15 million to $20 million): 10%
    Main TGE (< $20 million to $25 million): 5%

    Bonus Dates Minimum purchase amount
    40% April 10 — May 10, 2018

    Accepted currency

    • Bitcoin
    • Ethereum

    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    Umraj Ahirwar April 27, 2018
    Rating of project


    Risks and disadvantages


    Yui Takahashi April 12, 2018
    Rating of project


    Market Size, the urgency of the problem, promising token value growth

    Risks and disadvantages

    Not much information about the team,


    Quite a promising project. The problem of counterfeit car parts is vital for any driver and SparesHub claims to solve it. They say their blockchain platform will allow automakers and consumers to track the provenance of a part from inception to disposal. If it works this way, I think that the project has a great potential.
    The company has already been operating for 4 years and has a great deal of customers, so my opinion is that it can be trusted. And it has already raised 2 rounds of Investments from USA.



    What Is SparesHub Blockchain Platform and why do you need it?

    SparesHub is building a blockchain based solution to solve the problem of counterfeit and duplicate parts.

    Using our blockchain platform automaker and consumers will be able to track the provenance of a part from inception to disposal.

    It will be easy for the Warranty team to identify counterfeits quickly therefore Warranty Management can be done in a faster way.

    SparesHub Blockchain Platform can also be used to reduce the cost of parts recall

    What is a SparesHub Token and what will be its use?

    SST Token (SparesHub Token) is the Utility Token of the blockchain powered eco-system for automobile car maintenance. Price per token is locked on $0.1 USD per 1 Token. The tokens can be used to buy car parts from SparesHub.com or SparesHub retail stores. The tokens would be eligible for dividends and buybacks equal to 20% of the annual profits of the company. The tokens would also be used for incentivizing the multiple participants in the blockchain – like manufacturers, distributors, retailers. The tokens would be used to compensate for the proof-of-work on the blockchain. The supply of token would be limited and capped but their usage would be spread and continued over the next 15 years.

    When will the Initial Coin Offering (ICO) start?

    Our Crowd sale will start on 10th April 2018.

    How much are you planning to raise?

    0 to $2 million
    Main ICO
    < $2 million to $5 million
    Main ICO
    < $5 million to $10 million
    Main ICO
    < $10 million to $15 million
    Main ICO
    < $ 15 million to $20 million
    Main ICO
    < $20 million to $25 million

    What is the total token supply and what will be the hardcap/softcap?

    oken supply: Maximum supply of 375 million tokens

    Token Sale Soft cap - USD$1 million

    Token sale soft cap is the minimum amount of funding SparesHub ICO would raise to be classified as a successful ICO. If the ICO fails to reaches it’s soft cap, all the investors of the SparesHub ICO who have invested in the token, would be returned their money.

    Token Sale Hard cap – USD$ 25 million

    Token sale hard cap is the maximum amount SparesHub ICO would raise. Any investment amount received more than the hard-cap would not be accepted and returned to the investor.

    What is the vesting schedule of SparesHub tokens for team and others?

    Token Distribution

    · 5% Founders & Team

    · 5% Bounty Program

    · 65% ICO Investors

    · 25% Company Reserve

    What is the plan for SparesHub Token Buyback? Will the Token be burned?

    SparesHub would regularly buyback tokens from the open market from the profits earned and these tokens shall then be burned. This will result in the price increase of all the remaining tokens with the token holders and provide capital appreciation to the token holders. SparesHub will undertake token buyback in regular intervals of time and maintain the price of the SparesHub token in the open market.

    How will you use money collected on ICO and pre ICO?

    The funds raised by the company in the ICO would be available to the company only in tranches. The funds would be put in an escrow account in USD denominated in a reputed international bank. 20% of the funds would be released to the company every 4 months for the next 16 months. Rest of the funds would stay secured in the bank escrow account.

    What are the other benefits for investors (apart from price appreciation of token) ?

    25% Annual Net Profit as dividends
    Price appreciation due to Token BuyBack and Burning
    SparesHub Token would be used for buying Car Parts
    SparesHub Token would be used for paying for Car Repairs at 20,000+ SparesHub Certified Repair Centers
    SparesHub Token would be used to incentivize and pay supply chain participants on the SparesHub Blockchain Platform
    SparesHub and other OEMs Customer Loyalty Points Program

    Is there a Bounty Program?

    Yes, we do have a Bounty Program. 5% of SparesHub Token is reserved for Bounty Program. The tasks and percentage of token allotment under the Bounty Program are:

    Facebook campaign – 10% of bounty pool
    Twitter campaign – 10% of bounty pool
    Bitcointalk signature campaign – 15% of bounty pool
    SparesHub thread support – 10% of bounty pool
    Bitcointalk translation campaign – 15% of bounty pool
    Exclusive support – 40% of bounty pool.
    Bounties are provided after the crowdsale ends. At the end of the crowdsale all sold tokens are considered to be 65% of the total supply. Then 5% are then distributed among founders and bounties receivers according to the information above.

    Is KYC (Know Your Customer) a must?

    All investors of SparesHub ICO would be required to submit appropriate KYC (Know-your-customer) documents. Investors would be allotted SparesHub Tokens only after they have successfully submitted the KYC documents and those documents have been verified by the SparesHub as approved. KYC documents would be an ID proof and an address proof and a selfie along with the ID proof.

    What is the Minimum Investment?

    The minimum investment will be $100 USD per investor.

    What is the bonus for Pre Sale ICO participant?

    Pre ICO – Private Placement to Institutional Investors – 40%

    Where is your company based?

    Spareshub is based out of Pune, Maharashtra, India.

    Where can I find more information on the team?

    More information on the team can be found on the link: