Sheree Ip, Legal & Blockchain Development at BitCar presents live at Crypto Health Retreat in Qld, 8–10th December, 2017. Hosted by Paul Seils, Cryptomasterminds and sponsored by PSA.
In this live session, Ip discusses how BitCar evolved and how it tokenizes the Asset Class of Classic and Rare Cars.
How Classic Cars retain their value better than property and gold over the last 10 years.
Ip introduces the team behind BitCar, including Peter Briggs one of the top advisors.
Extract from Live Presentation:
Exploring Art Classes Tied to the Blockchain
IP — BitCar evolved by looking at certain asset classes like Art, Wine and rare cars and how to tokenize them as an Asset on the blockchain with cryptocurrency.
BitCar tokenizes Exotic Cars allowing fractional ownership of a car. For example, you could potentially own a Bugatti Veyron.
BitCar is a peer-to-peer decentralized trading platform. Each car is represented by its own car token, once its tokenized on the platform.
BITCAR is a ‘Utility’ token, we’ve got that ruling in various jurisdictions already.
Ongoing Bounty Campaign — The Gamification Aspect
As part of marketing, there is an ongoing Bounty system providing rewards in tokens. A special reward of a Lamborghini Huracan will be awarded to the Top Person on the Leaderboard, who markets and builds the community within the platform.
So we have a full gamification aspect to the platform.
Trading in Exotic Cars
In this live interview, IP covers how to trade in Exotics on the platform and the expected timelines according to the Whitepaper Roadmap.
QUESTIONS FROM THE AUDIENCE
Q. When will Users be able to trade in coins?
IP — Likely be towards the end of next year or first quarter of 2019 when the platform is live.
Q. Where will the Assets be stored physically?
IP- Third party agents will store, license and maintain the car in their juridiction. Each of the cars will be in certain locations around the world on display with a QR code, so you can buy a portion instantly.
To learn more about BitCar — visit https://bitcar.io/info.
FOLLOW US ON:
Facebook: https://www.facebook.com/Cars-and-Crypto-354676138276038/
Twitter: https://www.twitter.com/bitcar_io
Instagram: https://www.instagram.com/bitcar.io/
Official BitCar Telegram Group: https://t.me/bitcar_io
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