Jumat, 10 Januari 2020

CARNOMALY

CARR Token

PROBLEM

In 2018, the United States automotive industry reached a little over 1 Trillion dollars in new vehicle sales and 116 Billion in parts and service. Advertising has averaged 9.5 billion dollars for the last 3 years with 56.3% from online marketing. Today consumers use third party websites to research and shop for their next purchase. These 3rd party websites limit the way consumers shop for a vehicle as they only focus is on one thing, “price”. These 3rd party sites make their money solely on charging dealers monthly fees to list their inventory. Over the last 5 years, the monthly fees for dealers to list inventory has increased to thousands, even tens of thousands of dollars per month. In todays world, consumers want options, so why not provide options for how they can shop for their next vehicle while keeping the cost down for dealers.
Due to the abundance of information available online, dealers have become more transparent for the consumer in order to get them into their showroom. In order to do so, they must be very aggressive with their pricing on these 3rd party websites. Over the last decade, this cycle has driven profit margins lower and lower for vehicle sales and has allowed the 3rd party sites to control the market. Due to the high monthly fees of these 3rd party websites, dealers must make up the difference somewhere, chancing a poor customer experience for the sake of making up the loss in price.
With the current outdated online automotive model there are several opportunities for improvement. In our research, we have found that most of the top online platforms have no real “in-dealership” experience on their executive teams. Throughout our teams 25+ years working in the dealership, we have experienced the frustrations and lack of direction that consumers get with the current online model. Carnomaly will be addressing these issues for both, the consumer and the dealer. We will be launching a digital online platform that that will be far superior than the competition. Our goal is to provide an easy-to-navigate platform that helps consumers search for a vehicle and dealers to control costs, allowing the dealer to pass the savings onto the consumer. Carnomaly’s goal is to provide a win-win for both parties involved.

SOLUTION

Carnomaly will be the most advanced online digital platform in the automotive market. Consumers will have multiple ways to shop for a vehicle. No longer will they just be able to use the standard matrix’s that the current platforms have with just price and miles. Consumers will have new ways to shop and Carnomaly will provide them with the options needed to make an informed decision before even stepping onto the showroom floor. Carnomaly will serve 2 markets, consumers and dealers. These features will make for an easier buying experience and will allow the 30,000+ franchise and private dealers the opportunity to get in front of these customers. For the dealers, we will address the cost and inventory issues they currently have while helping them accept cryptocurrency as payment.

HOW IT WORKS?

Carnomaly is two things: an ERC-20 crypto token project and an online automotive marketplace.
ERC-20 Crypto Token Project | carnomaly.io
Carnomaly will bring the first ever automotive rebate membership platform to life with its ERC-20 utility token (CARR). This token will allow anyone in the world the ability to purchase tokens, buy a new or used automobile and get a rebate. With this project not only does your token have market value but it also gains you access to the Carnomaly rebate portal. Consumers can simply buy CARR tokens, register as a member, and then get a rebate on their next automotive purchase. It’s that simple. Carnomaly will also be developing the automotive vehicle blockchain (AVB). With the AVB your vehicle’s history will always be accurate with the projection of the blockchain. With the AVB, all those oil changes, scheduled maintenance visits and recalls will be tracked and stored securely. The AVB will also track insurance claims and body shop repairs. Unlike some of the other vehicle history report companies out there, the AVB is 100% accurate thanks to blockchain technology. 
The Automotive Marketplace | carnomaly.com
Carnomaly.com will soon be the standard for online vehicle shopping. Whether consumers are looking for something new or something slightly used, carnomaly.com will have it all. The site will offer guidance for brand new shoppers, those unsure of their budget needs, and those looking for the current value of their vehicle. Carnomaly will also offer innovative services like test drive deliveries for busy consumers. It’s our goal to streamline the vehicle buying process and make it fun again. Buying a car is the second largest purchase most people make in their lives and, at Carnomaly, we want this process to be quick and easy. Carnomaly will provide these services to dealers around the world at a fraction of the price they are currently paying online marketplaces

TOKENOMICS

Carnomaly will use the Ethereum network and its ERC-20 smart contract to host the CARR token. ERC-20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto wallet. The primary functionality of the CARR token is to allow token holders to earn rebates on automotive purchases worldwide by registering on the Carnomaly.io rebate platform. Carnomaly has allocated 56 percent of the token supply to the CARR rebate ecosystem. Utilizing only the Ethereum network will make it easy to analyze how many tokens each member is holding and what level of membership each member has achieved. The total market supply of the CARR token is 530,000,000. This is the permanent market supply and no more tokens can be minted. The CARR token was created by mywish.io.
TOTAL SUPPLY: 530,000,000 CARR Max possible emission of tokens, no more tokens can be minted.

USE OF FUNDS 

ROADMAP

4TH QUARTER 2019
  • Launch rebate token platform
  • Publish executive summary
  • Complete Utility Token filing with SEC
  • Final round of private sale
  • 1 st round of IEO
  • Begin digital marketing campaign
1ST QUARTER 2020
  • Complete 2nd round of IEO
  • Begin development of AVB (Advanced Vehicle Blockchain)
  • Token air drop after IEO is complete • Open consumer access to rebate portal to allow sign-ups
  • Increase digital marketing campaign efforts
2ND QUARTER 2020
  • Carnomaly rebates begin
  • Launch beta versions of Carnomaly dealer site
  • AVB launches 3RD QUARTER 2020
  • Full version of dealer site launches
  • Begin signing up dealers
  • Profits from dealer fees are put back into the token platform to buy back tokens to refuel the rebates.
4TH QUARTER 2020
Carnomaly will continue to grow and implement new ideas and solutions into the online automotive marketplace.
Author: KHAN SHIQ QHEIL
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