What is VLB Token?
Vehicle Lifecycle Blockchain is a new token where information about a car history of insurance, repairs and maintenance is made using VLB tokens. VLB tokens are the "utility tokens" that Market Participants will need to register transactions in Vehicle Lifecycle Blockchain and "monetize" commission fee.
VLB unique features
They can immediately and reliably check the maintenance data when claims are received under warranty from car owners.
They will use Vehicle Lifecycle Blockchain to ensure compliance with RFPs in service stations authorized by the manufacturer in determining the cost of repairs and maintenance.
They will have real-time access to data on the demand for original spare parts for the region and for specific SKUs, and will also be able to plan geographic supply chains more accurately, efficiently and in detail, taking into account the needs of specific car service centers.
Will use VLB tokens to pay for CarFix for using the repair franchise CarFix, gain access to customers CarFix and Vehicle Lifecycle Blockchain, will be able to work with insurance companies that have access to Vehicle Lifecycle Blockchain.
They will use Vehicle Lifecycle Blockchain to gain access to vehicle ownership, repairs and maintenance data in order to achieve two interrelated goals: i) to transparently establish a fair market price for cars for oncoming sales and when accepting goods for consignment, and ii) having a high level of transparency, to entice customers from competitors who do not use VLB tokens to access Vehicle Lifecycle Blockchain.
They will use Vehicle Lifecycle Blockchain to register purchase and sale transactions.
Token sale details
Date : 15 FEB – 5 APR
Token type: ERC20
ICO Token Price: 1 VLB = 1.10 USD (0.00154 ETH)
Fundraising Goal: 12,000,000 USD
Sold on pre-sale: 3,500,000 USD
Total Tokens: 175,000,000
Available for Token Sale: 83%
Bonus for the First: UP TO 40%