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In a world first the decentralized BitCar.io platform allows crypto holders and traditional car enthusiasts to
own and trade in exotic super cars in small fractions, with a new BITCAR token. The ownership of rare
and exotic collector cars has been limited to the very wealthy until now. Historically the value of collector
cars has outstripped property prices and gold, according to the Hagerty Classic Car Market Index and Frank
Knight Luxury Index. As a BitCar owner you park your crypto in your Exotic of choice using a second order
token, representing individual Exotic cars. Second order tokens are decentralized and exist as their own
Ethereum ERC20 contract and interfaced to the Master contract, securely linking ownership and tradability
together on the Blockchain. Imagine being part-owner of a Ferrari F40, Maserati MC12 or Bugatti Veyron
just to name a few. With only 500 Million BITCAR tokens minted, no more can ever be created. In the
Token Generation Event only 250 Million will be made available for sale.
BitCar is the peer-to-peer trading platform and users require BITCAR tokens to acquire fractional ownership
of an Exotic. BITCAR tokens allow users to acquire, licence and trade Exotics on the platform. BITCAR
tokens will be used over the course of the acquisition of the Exotic for storage, insurance, licensing and
maintenance as part of joint ownership. Fractional ownership of Exotics is for a flexible 5 to 15-year term.
Owners may top up their BITCAR tokens to extent their term or exit and sell their ownership in the Exotic.
BITCAR tokens allow for diverse portfolio holdings. Owners can attain part ownership in each Exotic of
interest and acquire new Exotics as they become available on the BitCar platform. Owners receive an
immutable digital asset Blockchain ledger record confirming their title, independently verifying their interests
on a public Blockchain that will be used. A network of Agents will manage the onboarding of new Exotics.
This includes the purchase of the Exotic assets, tokenization and listing on the platform, maintenance, storage
and insurance, administration and de-registration.
Cryptocurrency prices are generally volatile. With BitCar, the platform allows users to move cryptocurrency
into hard assets backed by a tokenized Exotic car. It provides a relatively safe haven against the volatility of
Direct ownership of a n Exotic for trading has not been possible until now. BitCar opens up a whole new asset
class for the first time. BITCAR token value is not manipulated by banks or other forces. BITCAR transactions
are transparent on the Ethereum Blockchain and pricing follows supply and demand.
The design of the BitCar Ecosystem is based on real usage of the token within the platform. BITCAR tokens
allow users to own, trade and service Exotics on the platform.