The global vehicle market is extremely influenced by middlemen and affected by inefficiency. Through the blockchain technology, it is now possible to decentralize information to the public from the moment a vehicle leaves the factory.

Carblox aims to be the first multi-platform on the blockchain for the vehicle market, including a variety of vehicle-related services. Their pre-ICO phase is starting soon on November 10th, ICO launch will be January 19th, 2018. In the following review, we gathered all important Carblox ICO information for you.

What Is Carblox?

Carblox is creating a digital environment that wants to control, store and certify vehicle data. This will lead to a decentralized vehicle registry which ascertains all vehicle-related information to buy, sell or rent cars or car related services like insurance or repairs, in a transparent, trustworthy and secure way. Carblox will touch a variety of car-related topics:

  1. The Vehicle market
  2. Used car market
  3. Insurance

By using the blockchain technology, smart contracts, and a flexible API systems, Carblox will guarantee his members that all information about the services provided on the platform is valid, secure and transparent.

Carblox ICO Details

The format for the Carblox token (CRX) is an ERC20 token, which will ensure compatibility and an easy integration with third-party services such as different wallets or exchanges.

The company will issue a total of 100,000,000 CRX for an exchange rate of 1 ETH = 7,500 CRX in the pre-ICO phase and 1 ETH = 4,000 CRX during ICP Phase.

The CRX token is essential for the Carblox ecosystem and can be used in the following ways:

  • payment for use of the system
  • payment for access to the API
  • payment of fees for the performance of certain operations in the system (e.g., vehicle registration)
  • payment for access to the advanced functionality of the user's account
  • payment for access to analytic results, including those obtained by individual inquiries
  • rewarding the ecosystem members for entering information
  • rewarding vehicle owners for supplying useful analytic data (e.g., telemetry).

Pre-ICO phase will be November 10th, 2017 to December 10th, 2017

  • Offering size: 12,000,000 Carblox Token (12%)
  • Rate: 1 ETH = 7,500 CRX
  • Minimum investment: 0.1 ETH
  • Max. investment : unlimited
  • Investment cap: 1,600 ETH

Bonuses pre-ICO

  • Day #1-5: 30% bonus
  • Day #6-10: 20% bonus
  • Day #11-15: 15% bonus
  • Day #16-20: 10% bonus
  • Day #21-25: 5% bonus
  • Day #26-30: –

ICO phase starts January 10th, 2018 and ends February 9th, 2018

  • Offering size: 68,000,000 Carblox Token (68%)
  • Rate: 1 ETH = 4,000 CRX
  • Minimum investment: 0.1 ETH
  • Max. investment : unlimited
  • Investment cap: 17,000 ETH

Bonuses ICO

  • Day #1-5: 30% bonus
  • Day #6-10: 20% bonus
  • Day #11-15: 15% bonus
  • Day #16-20: 10% bonus
  • Day #21-25: 5% bonus
  • Day #26-30: –

The tokens will be distributed as follows:

  • 12% – for buyers of tokens at the pre-ICO stage
  • 68% – for buyers of tokens at the main crowdsale stage
  • 8% – for the project founders and team
  • 10% – reserved for future needs of the system and to maintain the value of the token in the future
  • 2% – bonus programme.

The proceeds will be distributed as follows:

  • 70% – development budget
  • 12% – operating expenses
  • 10% – marketing costs
  • 5% – adviser and technical expert consultation costs
  • 3% – legal services.

Carblox ICO Verdict

Carblox aims to create decentralized multi-platform for the vehicle market. All services will be transparent, public, secure and save. Carblox offers his investors a pre-ICO phase before the ICP launch at the beginning of 2018. With all ICO investments, we advise researching carefully. More information about Carblox can be found on the company's website.

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