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#Blockchain, #Lifestyle All projects

TrustedCars: Changing car ownership forever

Turning dealerships into innovative mobility providers while offering customers a flexible, all-inclusive and affordable solution

stage Ended crowdsale

3.5 Rating

by 4 users


    KPLs

    • Employees17

    Traction

    January, 2017

    Ekomi – TrustedCars has a 4.9 rating (out of 5.0) and a 100% recommendation rate based on the
    customer and product reviews which are checked and reviewed by the independet rating company
    eKomi.

    January, 2017

    Autoscout24 – TrustedCars has a 4.8 rating (out of 5.0) on the biggest car marketplace in Europe. We
    always strive for customer satisfaction which res


    Team

    5
    man Simon Toprak

    Founder, CEO

    Simon is the initiator of TrustedCars. After completing his Master in Management (M.Sc.) at the University of Mannheim and ISC Paris he worked several years as a management consultant before founding TrustedCars.

    man Sascha Vorderstemann

    Founder, CTO

    Sascha has built up development teams that thrive at the cutting edge of web development. With more than 20 years of experience, he was responsible for the technical realization of various famous e-commerce projects.

    man Hendrik Erl

    Head of Sales & Operations

    Our sales genius and car-enthusiast. He had various positions at car manufacturers and car rental companies before joining TrustedCars. He is responsible for our car dealer cooperations.

    man Eugen Kasjanov

    Head of Development

    Eugen is a full stack engineer, blockchain evangelist and a focus driven coder with 15 years of experience.

    man Denny Vieweg

    Head of Front-End Development

    Denny has already created front end designs and apps for various successful and famous online stores and websites. Art & Design are his passion.


    Advisors

    9
    man Paul Scott

    A seasoned professional in financial- and emerging-market technologies with deep-level Big Data knowledge and a focus on the benefits of Blockchain technology and its opportunities for a decentralised global economy.

    man Christoph Koeth

    Mercedes-Benz Connectivity Services - As Key Account & Business Development Manager Europe, he is in charge of managing and enhancing the fleet management of large companies.

    man Ian Scarffe

    Serial entrepreneur and consultant with business experience around the world. Ian is a leading expert in blockchain and cryptocurrency industries and currently consults and advises for a range of multi-million dollar companies.

    man Thomas Hierl

    Thomas is an E-Commerce & Logistics expert. Former Head of Logistics and CEO at two of the largest online pharmacies in Europe. Now consulting new and promising tech companies with his company disruptiv GmbH.

    man Kowa Shorida

    Financial manager at the publicly listed tech company United Internet. Prior to that he worked for Ernst & Young as a Tax Consultant and Certified Public Accountant and advised medium-sized and large companies.




    Crowdsale details

    Distribution of tokens
    • Crowdsale (65%)
    • Dev & Expansion (15%)
    • Founders & Team (13%)
    • Advisory & Legal (5%)
    • Bounty (2%)
    Budget allocation
    • Marketing (35%)
    • Technology / Platform Dev (30%)
    • Expansion & Business Development (17.5%)
    • Admin & Operations (17.5%)
    Details Indicators
    Token Symbol FLEX
    Full Token Name TrustedCars Flex
    Pre-crowdsale Start May 14th, 00:00 GMT+03:00
    Pre-crowdsale End Hard cap is reached or May 21st, 00:00 GMT+03:00
    Pre-crowdsale Hard Cap Fixed, 40000000 tokens
    Crowdsale Start June 4th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or July 1st, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 480000000 tokens
    Domain registration date 2009-10-27
    Domain owner Sami Toprak, Insoto KG, Kieferstaedteler 5, Linden, Hessen, GERMANY

    Cost of the token

    1 token for 0.07 Euro

    Price without discounts

    Bonuses

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    50% May 14 — 21, 2018
    Crowdsale
    Bonus Dates Minimum purchase amount
    40% June 04 — 10, 2018
    25% June 11 — 17, 2018
    15% June 18 — 24, 2018
    5% June 25 — July 01, 2018

    Accepted currency

    • Bitcoin
    • Ethereum
    • Fiat


    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

    4
    Alexandr Gonchar July 24, 2018
    Rating of project
    4.3

    Advantages

    The project applies to electronic devices that can be worn on the body, which can measure certain types of human biometric data. This industry is growing at an exponential rate, because technology always evolving and the level of consumer awareness is growing. Sensors which used in this technology are able to show the number of steps that people take each day, the amount of time they sleep, and the number of hours they sit, etc. Forecasts show that the income from the use of such devices will be about 60 billion in 2021, which is almost four times more than in 2016.

    Risks and disadvantages

    This project has a few shortcomings; the idea is quite interesting and demanded by consumers. Control of physical activity and also the basic indicators of the human body. The demand for such services will increase and therefore the cost of the project's tokens will increase over time.

    Comments

    I believe that this is a very promising project that will bring profit to investors in the mid and long term. Projections for the market show that the demand for such services will increase by 300-400% in three years, which means that such projects will be successful and popular for quite a long time.

    Sofia Medda May 13, 2018
    Rating of project
    3.3

    Advantages

    Dealerships will have an additional source of income and access to new customers. The project has a clear strategy. Team`s tokens will be locked for three years. Affordable solution for having a vehicle for daily use will be offered.

    Risks and disadvantages

    50% bonus is offered during Pre-ICO, I think it`s too much. Though Hard cap for Pre-ICO is 40000000 FLEX, so less than 8% of tokens for sale will be sold during Pre-ICO.

    Comments

    I think offered solution may be useful for customers and car dealers. But it will be very difficult to become one of the leading companies in this highly-competitive sphere.

    Anne Bryn May 08, 2018
    Rating of project
    3.5

    Advantages

    TrustedCars is an established business, which has a functioning platform. More
    than 100 of the largest dealerships in Germany work with TrustedCars. The team informs us that car dealer partners are ready to cooperate.

    Risks and disadvantages

    The Whitepaper needs editing. It is well-written and clear, but it has duplications. For example page 7 and page 17 almost duplicate each other. And there are other examples.

    Comments

    Most of employees have already been working together since the establishement of TrustedCars three years ago. And it's much easier to achieve the goals, if the team already has a successful relevant experience. But I think many other companies will be able to offer lower prices and quicker service to their customers.

    Jordan Semanda May 07, 2018
    Rating of project
    3.0

    Advantages

    The platform provides a quite unique service which has no apparent competition in the market. With the different social media platforms more traction will be created amongst the potential investors.

    Risks and disadvantages

    The market size of the services being offered might not be as wide as the project might expect because this is a time of ICO explosion and more relevant projects will definitely take priority. issuing bonuses of 50% and above makes the ICO project unprofitable. There is a delay in implementation of the road map in the filled of using tokens in some markets that have higher market prospects.

    Comments

    Taking note of the token distribution is important for the success of the platform in terms of the reserve and locking policy because it makes the probability of the project high.


    FAQ

    FAQ

    How is the Token Sale Timeline?

    Start of Pre Sale: May 14th 2018, 09:00 Central European Time (CET)
    Start of Main Sale: June 4th 2018, 09:00 Central European Time (CET)

    What is the total Token supply?

    The total supply of TrustedCars FLEX Tokens is 800 million. 520 million (65% of the total supply) is allocated to the Token sale. All unsold Tokens will be burned.

    Is there a Referral program?

    Yes, our Referral Program will reward you with additional free Tokens if you as a FLEX holder invite a friend who also purchases our Tokens. We will grant you 5% of the amount the invited friend purchases. For example, if your invited friend buys 2,000 FLEX Tokens, you will receive 100 Tokens for free.

    When will the 5% Referral Tokens be credited?

    You'll be credited once the purchase of the person you referred has been fully processed (payment and KYC).

    What is the minimum and maximum investment ammount?

    Min. purchase amount per transaction: 700 FLEX.
    Max. purchase amount per transaction: No maximum.

    Can I send you crypto from Exchanges?

    Please don‘t send us crypto from Exchanges. As Exchanges bundle transactions from various users so that we do not see the original wallet address of the source of funds. This requires manual mapping of your transaction which delays the payment process.

    Is there a Bounty program?

    Yes, there is a bounty program. For more information visit: https://ico.trustedcars.com/bounty

    Can I buy FLEX Tokens through Exchanges?

    You won't be able to purchase FLEX Tokens on exchanges during the ICO, as the Tokens are sold by TrustedCars FLEX only. After the ICO you will be able to purchase Tokens on exchanges.

    Are there any restrictions in participating in Token purchases?

    Unfortunately some countries are not allowed to participate (e.g. United States of America, People’s Republic of China, Iran, North Korea, Syria, Sudan, or Cuba).

    Are Pre-Sale Tokens already transferable?

    No, FLEX Tokens cannot be sold before the closing of the main sale. Be aware that any offer of TrustedCars FLEX Tokens outside the TrustedCars FLEX ICO website before the closing of the main sale is probably scam.

    When can I sell my Tokens?

    You will be able to sell your Tokens after the closing of the Main Sale. You will be able to sell your FLEX on exchanges or directly via the blockchain.

    When will the Token be listed on Exchanges?

    We are in discussion with various exchanges and expect the first confirmations soon. The listing will start after the closing of the ICO when we have finished processing all payments, KYC checks and mined all FLEX Tokens. We want everyone to have their Tokens before any trading starts.

    When does the mining happen?

    The mining will happen during and right after the ICO. Your Tokens can only be mined if payment and KYC are completed.

    Will I be able to mine FLEX Tokens?

    No, all TrustedCars FLEX Tokens available are mined during and right after the ICO. The number cannot be increased.

    Who do I contact if I have any Problems?

    Contacting us on Telegram is the easiest method. But you can contact us with E-Mail, BitcoinTalk, Facebook, Twitter and Medium, too.


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