VinChain is a decentralized blockchain database of second-hand motor vehicles. It is 100% transparent second-hand automotive marketplace that provides users with uninterrupted vehicle record. It is transparent, accessible and reliable. Users are able to get correct information before purchasing second-hand motor vehicles. It is blockchain registry that has a record of all information necessary for users before they purchase a motor vehicle. It is a registry supposed to save the second-hand carShow more [+] market. No one is able to forge any information on this blockchain, and it enhances security making roads safer globally.
VinChain is working with Copart.com, one of the largest clean and salvage auction company in the United States of America (U.S.A) The project is also in a partnership with AutoInspect and are planning to add their repository that has data of more than 300 million vehicles on to this platform.
VIN is an ERC20 coin used as a currency on the VinChain platform. The coin has a total supply of approximately 840 million tokens. Its ICO (Initial Coin Offering) took place between February 1, 2018 and April 15 of the same year, and raised $6 million. The price of one token during the ICO was $0.025. This coin is listed on IDAX exchange for trading, and is compatible with ERC20 and ETH wallets.
The VinChain is led by their founder and chief innovation, Andrei Krainik, CEO Alex Miles, who is a technology and blockchain expert, and the CMO, Aleksey Listopad, who is also head of marketing among others.