TRUSTEDCARS FLEX REVIEW

TRUSTEDCARS FLEX REVIEW

  • With TrustedCars Flex you can choose any vehicle you want from the available inventory of participating car dealers within the TrustedCars Flex network, digitally sign for it in the app and you are ready to go.
  • Drive the vehicle you like as long as you want and return it or swap for another vehicle anytime.

 

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IDEA:

  • TrustedCars Flex will enable customers to have the right vehicle at the right time with no compromises. It is a flexible, all-inclusive and affordable solution for having a vehicle for daily use, without buying one or being locked into long-term contracts.

PROTOTYPE PRODUCT:

  • They have developed most of the necessary components of the solution in the last three years of operation, including an integrator for all of the disparate car dealer management systems. Car dealers can list their vehicles with TrustedCars no matter which management system they use or which brand they sell.
  • What they have developed over the last three years will serve as a minimum viable product for TrustedCars Flex to begin operations.

 

WHITEPAPER HIGHLIGHTS:

  • TrustedCars already has an established business and a functioning platform which goes beyond a vision and a roadmap. TrustedCars launched almost two years ago and is an operating business with a successful product.
  • They have already raised a seven-digit investment and have built a very strong ecosystem of renowned cooperation partners, many of whom are leaders in their field of operations.
  • With more than 30,000 listed vehicles in 2017 and currently more than 8,000 vehicles available for purchase, they are one of the biggest online shops for used vehicles in Europe.
  • Leasing is becoming a popular option for people who need a vehicle but don’t want the inconvenience and risks of buying one.
  • Customers make a low weekly payment for as long as they keep the vehicle. An all-inclusive, flexible and affordable solution for everyone who needs a vehicle but doesn’t want to buy – and then have to deal with the risks and uncertainties of a purchase or be locked into long-term contracts or pay exorbitant prices for car sharing and rental.
  • You register with TrustedCars once and from then on you can drive any vehicle you want from the available inventory of participating car dealers in the TrustedCars network as long as you want.
  • They provide this solution not only for private customers but for companies as well. With TrustedCars Flex companies are not forced to sign a long-term leasing contract or pay exorbitant prices for rental cars anymore.
  • They access all the unused vehicles in the market across the hundreds of thousands of dealerships. They provide a technological solution for dealerships to resolve both sides of the income statement issue: increase in revenue and reduction in holding costs.
  • Once a booking has been made they automatically initiate a just-in-time insurance product for the requested vehicle on behalf of the car dealer. They have established a framework agreement with one of the largest vehicle insurance companies that will provide insurance for the period the vehicle is being used.
  • Furthermore, an IoT device can be installed in the vehicle to motivate driver behavior and create a reward structure around behavior – ultimately reducing insurance costs that can be passed on to the consumer.
  • With TrustedCars you can buy your next vehicle online with just a few clicks from the comfort of your home, regardless of if it’s a new or a used vehicle. Used vehicles come with a used vehicle certificate after a thorough Check through TUV (a well-known and trusted institution in Germany and Europe). Included is a 12-month used car warranty, a 14-day money back guarantee and the vehicle get delivered right to your doorstep incl. registration, meaning you don’t even have to leave your house to get your new vehicle and start driving.
  • They control the whole process of the customer journey and get a commission from the car dealer for each vehicle sold.
  • Their business model consists of a mix of commission fees for successful transactions and various listing and advertising services:
    • Commission fee: We charge a 10-15% service fee from the car dealer for a successful transaction. The service fee depends on the various economic factors of the transaction and is flexible in nature.
    • Optional Listing fee: With increasing number of vehicles on our platform and competition between dealerships, car dealers will be able to list their vehicles as top results on the results page which the customers see when searching for available vehicles.
    • Advertising fee: We will offer premium advertising for an extra fee. This will include additional promotion through our various marketing channels, such as emails, social media, banner ads etc.
    • Third party services: We will charge a commission fee from third party services such as insurance companies and other vehicle related service providers for access to our network.
  • Dealerships use Tokens as part of their reward system. Customers earn Tokens for:
    • Returning the vehicle in a good condition (no scratches or dents and clean),
    • Loyalty: renting frequently and/or for long periods,
    • Organising and providing test drives.
  • Customers use Tokens for:
    • Payment of the vehicle fee,
    • Upgrade of the vehicle,
    • Special offers and discounts as a Token holder,
    • Test-drives.

 

HYPE:

  • 18K+ telegram users, 14.1K+ followers on Facebook and 967 Twitter followers.
  • They have got 272 subscribers for their official YouTube Channel and 1.6K view for their official video.
  •  They were classified as an innovative company by the German Federal Office of Economics and Export Control (Bundesamt für Wirtschaft und Ausfuhrkontrolle)1 and won several awards for our concept.
  • They have won Gebrauchtwagen Award – Award as the most innovative used car concept in Germany
  • 4.6 ratings on ICO bench.

 

LONG TERM:

  • Next year their service/platform will be available all over Europe. And in 2020 USA and other major cities all over the world.

 

Experts Review:

  • “Strong team and savvy advisors. Promising original idea if well implemented. Thorough whitepaper, but more financial and business planning numbers should be added,” –Igor Karavaev (ico advisor and investor)
  • “Very interesting project with a unique concept. Team has experience and is surrounded by quality advisors with lots of experience in their trades. ICObench kyc done. 65% of tokens will be sold in the crowdsale which is a very good allocation for future investors. Already an existing company with good partnerships.”-Stephan De Haes(ICO Advisor, Community leader and COO/Co-founder Krypt.ly)

 

TOKEN METRICS:

Token FLEX
Pre – Sale Price 1 FLEX = 0.07 EUR
Price in ICO 1 FLEX = 0.07 EUR
Country Germany
Platform Ethereum
Website https://ico.trustedcars.com/

Whitelist/KYC KYC & Whitelist
Restricted Areas USA, China, Iran, North Korea, Syria, Sudan, or Cuba
Pre-Sale 23rd May – 12th Aug 2018
Public- Sale 17th Sep – 14th Oct 2018
Tokens for Sale: 520,000,000
Soft Cap 20,000,000 FLEX
Hard Cap 520,000,000 FLEX
Total Token Supply 800,000,000
Token Supply Breakdown Token Sale – 65%
Business Development & Expansion – 15%
Founders, current & future employees – 13%
Advisors & Legal – 5%
Bounty – 2%
Bonus Public Sale -5% to 25%

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