CAR Project will bring in the tried and tested decentralized application model into the luxury CARs business industry. Until now who want to buy or rent a sport, luxury CAR had to use third party centralized service or platform with intermediaries who charge an additional commission. This commission often eats into the earnings of the Service Providers/ CAR Dealers and makes prices higher, to be borne by the clients. The use of blockchain, smart contracts and cryptocurrencies helps the CAR platform to maintain low operating and transaction costs.
The number of billionaires has continued to expand over last years and the sale of super Luxury CARs has grown significantly (+15,9%) with China market growth on the top.
And 78% of customers use Third Party website to buy cars; but no one of the Car Marketplace accept Cryptocurrency.
Car Project is an anonymous, decentralized, people-oriented service. The platform will be built over tried and tested Ethereum protocol and transactions on the platform will be mostly handled using its own CAR tokens – an ERC20 based cryptocurrency which is now one of the most sought-after token creation standards.