2068
Cryptocurrencies
$ 246.29B
Market Cap
$ 6.79B
24h Volume
63.62%
BTC Dominance
ROAD [ROAD]
 
Token: INT Chain
Blockchain Service
Ended 14 Nov
Token Sale
$ 1,999,200
FundraisingGoal
Not Rated
Interest Rate

ROAD is a token of the interaction and life cycle accounting system for cars based on blockchain technology and called Auto-Ledger.

ROAD IEO Review

IEO is ended: 14 Nov — 14 Nov

IEO platformOKEx iconOKEx

IEO price

$ 0.0143
OKB 0.0043

Hard Cap

$ 1,999,200

Lock-up

No lockup

Private is ended: 1 Oct

Private price

$ 0.0285

Hard Cap

$ 1,710,000

Lock-up

Private sale portion to be released two months after IEO, once every month in one-year course

ROAD ICO will be conducted by the project team from China.

200,000,000 tokens were offered for public sale out of a 2,000,000,000 tokens for sale.

ROAD [ROAD] Moon Spreadsheet

ROAD [ROAD] trading levels.

Token economics

Initial values

Market cap: $ 1,999,200
Circulating Supply: ROAD 140,000,000

Token allocation

Total supply:
2,000,000,000
For sale:
200,000,000
(10.00%)
Private/Pre-sale:
60,000,000
(3.00%)
Public sale:
140,000,000
(7.00%)

Short review

Team from

China

Token role

Utility

Additional links

About ICO ROAD

ROAD is a token of the interaction and life cycle accounting system for cars based on blockchain technology and called Auto-Ledger.

Auto-Ledger is a vehicle network and transport smart system based on community interaction to implement related business applications, confirm data and protect privacy using blockchain.

The project is developing business applications for data transactions, information exchange, and vehicle financing, and also protects user privacy.

The account book contains all the static (VIN number, car price, configuration, insurance) and dynamic (trajectory, service, records of violations) data that is created after the vehicle leaves the production line. The owner has the right to manage and transfer all data and digital assets.

The ROAD blockchain is based on INT Chain and is connected to other IoT systems via cross-chain protocols. The architecture of the ROAD system is divided into three layers:

  1. Data production layer;
  2. Data storage layer;
  3. Application layer;

The ROAD token is used to coordinate the exchange of resources between vehicle nodes and cross-chains. ROADs are also used to pay as part of Road Distributed Business, which includes:

  • E-commerce application;
  • Auto financing;
  • Data saving;
  • Sharing the economy.


Distribution & Lock-up Period: 

  1. 10% for private sale: No lock-up for IEO portion; private sale portion to be released two months after IEO, once every month in one-year course.
  2. 10% for team: First unlocking in Jan 2021, 25% tokens to be released once every year in four-year course.
  3. 10% for foundation: First unlocking in June 2020, 25% tokens to be released once every year in four-year course.
  4. 70% for ecosystem: Mining to start in June 2020. The execution plan will be determined by voting and more details will be released soon.