A couple of months ago, we launched CarTaxi, the first global car evacuation service on the blockchain. Briefly about the essence of the product: the platform unites all evacuation companies in one system. Car owners download the free app and use it (as through Uber) to order a tow truck. The larger the scope of the project grows, the more universal is CarTaxi. For two months, we overclocked well and covered about 20 Russian cities. In addition to Moscow and St. Petersburg, CarTaxi works in Kazan, Yekaterinburg, Vladikavkaz, Krasnodar, Sochi, Novosibirsk, Samara, Rostov-on-Don, Voronezh, Veliky Novgorod, Volgograd, Stavropol, Bryansk, Kaluga and Tula and is constantly expanding.
Why did we create CarTaxi and “what will happen to us from this”
The volume of the global car evacuation market is estimated at more than $ 26 billion. The global increase in the number of cars means an increase in accidents, breakdowns and maintenance needs of this gigantic market. Avtoevakatsii services are high requirements to ensure smooth traffic, order, compliance with the rules and driver comfort.
Even before the idea of CarTaxi appeared, our QA engineer Valera once stalled on his Priora on the way from his native Voronezh to Petersburg, somewhere near the village of Teploe.
In the uncomfortable -10 ° C, he found himself alone in survival. There is nothing to go back to Voronezh - they are waiting at work. Ahead of the navigator still at least 900 km. After several hours of searching for help, good luck smiled at Valera in the face of Christina, who was passing by on the “top ten”, who agreed to tow the car on a cable to a service in Pervomaysky. Six months later, she accepted his offer of a hand, heart, and a new Toyota. Admittedly, we have never met such lucky people like our Valera. And usually, incidents with a stalled engine turn into not a gift of fate, but torn deals, being late for a wedding to a friend or on a date, or even threats to life and health.
Today it is no longer so romantic, but without undue stress, even near a god-forgotten village, or even in Sochi, on the way from vacation, a tow truck will pick up your car and deliver where it is convenient. Through the application, simply enter the destination and select the car, how many wheels are blocked and the method of payment. The amount is immediately calculated automatically before the order is completed. On the map you can always see where there are free tow trucks, and they, in turn, will receive an order from you through the program, if all the parameters correspond to the capabilities of a tow truck. It's not expensive. Due to the fact that the application is looking for the tow truck closest to the site, it is not necessary to pay for the road that it will travel “to idle”.
In the market of tow trucks, which until then was fragmented, appeared systematic and automation. More than 1,500 evacuation companies have already been registered in CarTaxi, so far only in Russia. But this is not enough for us. The main intrigue of the 4th quarter of this year is blockchain activation and subsequent plans for expansion into China and the USA. Now we are preparing the infrastructure for the launch of the service abroad.
Blockchain and smart contract
In the last quarter of 2017, on the CarTaxi platform, we planned to activate the blockchain technology based on the Ethereum smart contract. We need blockchain in order to simplify, speed up and make as much as possible controlled all orders when entering the global market. With the help of a smart contract we are going to:
- register performers and partners;
- register customers (car owners);
- create orders and manage their life cycle;
- make calculations with performers and partners;
- make the company transparent to investors.
At the same time, each participant will be able to see all the data he needs through the interface of the smart contract, for example, the start and end of the vehicle transportation or the transfer of rewards. In each order, the smart contract will take into account the coordinates of the client, the parameters of his car, the estimated time of arrival of the tow truck.
If the tow truck could not arrive within the specified time, it is subject to sanctions. At the place where you need to pick up the car, the performer with the help of the system checks the order data and fixes the damage to the car. If the data does not match, the smart contract will not allow to proceed to the next stage - loading the car. Upon completion of the order, the program analyzes the final parameters and calculates the contractor.
An important point is the control of order fulfillment and car insurance in all orders. CarTaxi plans to provide long-distance car transportation services, between cities and countries, in complex logistics chains. For example, from Stavropol today you can bring a car to St. Petersburg with the help of CarTaxi.
Starting August 30, CarTaxi goes to ICO. We issue dividend CTX tokens and place them on the exchange in 2 rounds.
At least it is interesting to invest in ICO CarTaxi, because the service is already successfully operating and shows a high expansion trend in the market. This is not the case with most projects that go to ICO.
CTX tokens of the combined type. This means that investors will have two types of income: payments on dividends and income from the growth of the market value of the token due to the planned redemption on the stock exchanges. Dividends will be charged to the tokenholders once a month. The first charge is September 15, 2017, for those who manage to acquire tokens in the first stage of ICO. With the target figures of the CarTaxi project revenue, the dividend portion of investor income by 2020 will be more than 75 million USD (152% of investments).
The upcoming first stage of the ICO will last from August 30 to September 19, 2017. The second stage of the ICO is scheduled for September 29 - October 29, 2017. Car Taxi has set a total of 500 million tokens, of which 12.5 million will be available for pre-sale and the rest during ICO. Already, during the pre-sale period, investors will be able to purchase Car Taxi (CTX) tokens with a 45% bonus.
The smart contract provides for the basic mechanisms of DAO: voting token-hosts for the distribution of the company's profits. Blockchain speeds up calculations with tokenholders and creates transparent mechanisms for controlling the company's activities.
Proceeds from sales of tokens will be invested in automotive evacuation service. Car Taxi planned to activate blockchain technology in the fourth quarter of 2017. The next stage is expansion in the USA and China in 2018, and then in Europe in 2019. With the opening of offices in India and South America, and by 2021, the platform will be available worldwide.