I came across this ICO going through icodrops and I instantly became curious about it as it has a pretty straight forward name. I have been watching so many ICOs for the past couple of months and many had a fancy names but this one is bull's eye.
What is VLB?
VLB(Vehicle Lifecycle Blockchain) as its name suggests is a blockchain-based platform for connecting all the sub-sectors dealing with the lifecycle of a vehicle. These sub-sectors include auto repair, auto lending, car insurance and vehicle sales. They aim to connect all these sub-sectors to increase the quality and quantity of their businesses by providing transperancyamong the transactions. The VLB tokens can be traded with the blockchain ecosystem and in exchange of fiat currencies any time.
Why is it useful?
They aim to connect all the sub-sectors involved during the lifetime of a vehicle. By connecting these sectors they can be increase in the quality and quantity of the businesses. By using the blockchain technology, they can maintain transparency among the transactions.
TEAM, ADVISORS & INVESTORS
They are having a solid team having a great work experience. The founders(3 co-founders) in particular have a strong startup and corparate background. Even the advisor team is noteworthy comprising people having industrial expertise.
ICO STRUCTURE
They have a soft-cap of $4 million and hard-cap of $12 million. The total tokens are 175M of which 83% are sold to private and public investors. 11% is allocated to the team and project development. Rest of the 6% is allocated to advisors and bounty. No new VLB tokens will be minted in the future.
The token sale is distributed into pre-sale and public sale. The pre-sale is again structured into private pre-sale and public sale between 17-12-17 to 05-02-18 and 05-02-18 to 12-03-18 respectively. The public sale runs from 12-03-18 to 09-04-18 divided into 3 periods with different bonus structures.
The base price is 1ETH = 650 VLB. They accept ETH(ether) for payments and bonus upto 40% are awarded.
SOCIAL MEDIA PRESENCE
Their telegram group has 3500+ members. They have a good presence on twitter with 8500+ followers.
CONCLUSION.
I’m very much looking forward for the whitelisting and public pre-sale on Feb 5. They try to solve a real world problem of a trillion dollar industry and they have a very low hard cap of $12M. The founders seem to very experienced persons which further added my trust to this ICO. Projects such as these from what I have observed have a minimum $100M market with a month of release if they meet their deadlines properly and effectively market themselves. THIS IS STRICTLY MY OBSERVATION. Awarding much of the tokens( 83%) to investors is a huge positive point as most of the tokens are in circulation and not much can be added in the future which will reduce the price. The future price of the token will depend upon how much of business the team is able to capture.
DISCLAIMER: Please do read the whitepaper, join the telegram channel and do your research before investing as ICO investing involves high risk. I shall not be deemed liable for any profits or losses. Thank you!
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