CAREONchain PROJECT AND IT'S ICO 2018-A DECENTRALIZED VEHICLE PLATFORM

INTRODUCTION:

The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles, some of them are called automakers. It is one of the world's most important economic sectors by revenue. The automotive industry does not include industries dedicated to the maintenance of automobiles following delivery to the end-user, such as automobile repair shops and motor fuel filling stations.
The term automotive was created from Greek autos (self), and Latin motivus (of motion) to represent any form of self-powered vehicle. This term was proposed by Elmer Sperry.

The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. images(2).jpg
In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% of them. At that time the U.S. had one car per 4.87 persons. After World War II, the U.S. produced about 75 percent of world's auto production. In 1980, the U.S. was overtaken by Japan and then became world's leader again in 1994.

World Motor Vehicle Production 350px-Motor_Vehicle_Prod_volume_RITA_T1-23.svg.png
In 2006, Japan narrowly passed the U.S. in production and held this rank until 2009, when China took the top spot with 13.8 million units. With 19.3 million units manufactured in 2012, China almost doubled the U.S. production, with 10.3 million units, while Japan was in third place with 9.9 million units. From 1970 (140 models) over 1998 (260 models) to 2012 (684 models), the number of automobile models in the U.S. has grown exponentially.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called:
CAREONchain

WHAT IS CAREONchain?

images(3)(1).jpg

CAREON ERC20 (Ethereum) platform is develop for interaction between researchers, developer and hybrid vehicle manufactures. Thus making whole world a RESEARCH AND DEVELOPMENT centre for this upcoming technology.

CAREONchain platform will unite all the research work from throughout the world and provide the best of it to automotive sector manufacturers. It is decentralize network that allows storage of all research work from college projects to Scientifically proven research for development of hybrid technology in automotive sector.

ABOUT CAREONchain

CAREONCHAIN is a Blockchain-based HYBRID technology focused on Research and Development. CAREONchain is the first blockchain Operating Platform for Hybrid Car Technology & its Research & Development .

CAREON blockchain platform is develop for interaction between researchers, developer and hybrid vehicle manufactures. Thus making whole world a RESEARCH AND DEVELOPMENT centre for this upcoming technology. CAREON chain platform will unite all the research work from throughout the world and provide the best of it to automotive sector manufacturers. It is decentralize network that allows storage of all research work from college projects to Scientifically proven research for development of hybrid technology in automotive sector.

Careonchain will give a boost in the development in the technology of hybrid cars creating an immense opportunity to becoming a leading blockchain based network in the field of hybrid cars. Due to pollution and the price of fuel a alternative is a much needed thing to this world and hence hybrid cars sector will take a big growth by 2020.

We are initially focused on the development of a hybrid car technology, which will help you for the production of low cost and high performance hybrid vehicles. In future REO coin will be used to upload any research work in block chain data and companies can also buy it through users by paying REO.

CAREON chain platform will unite all the research work from throughout the world and provide the best of it to automotive sector manufacturers. It is decentralize network that allows storage of all research work from college projects to Scientifically proven research for development of hybrid technology in automotive sector.

CAREONchain FEATURES

1. Environmentally Friendly: One of the biggest advantage of hybrid car over gasoline powered car is that It runs cleaner and has better gas mileage which makes it environmentally friendly. A hybrid vehicle runs on twin powered engine (gasoline engine and electric motor) that cuts fuel consumption and conserves energy.

2. Financial Benefits: Hybrid cars are supported by many credits and incentives that help to make them affordable. Lower annual tax bills and exemption from congestion charges comes in the form of less amount of money spent on the fuel.

3. Less Dependence on Fossil Fuels: A Hybrid car is much cleaner and requires less fuel to run which means less emissions and less dependence on fossil fuels. This in turn also helps to reduce the price of gasoline in domestic market.

4. Regenerative Braking System: Each time you apply brake while driving a hybrid vehicle helps you to recharge your battery a little. An internal mechanism kicks in that captures the energy released and uses it to charge the battery which in turn eliminates the amount of time and need for stopping to recharge the battery periodically.

5. Built From Light Materials: Hybrid vehicles are made up of lighter a material which means less energy is required to run. The engine is also smaller and lighter which also save much energy

6. Higher Resale Value: With continuous increase in price of gasoline, more and more people are turning towards hybrid cars. The result is that these green vehicles have started commanding higher than average resale values. So, in case you are not satisfied with your vehicle, you can always sell it at a premium price to buyers looking for it. There are many advantages to owning a hybrid car. The one you will like the best is how it helps you to control your budget as gas prices continue to get higher. The other ben- efit that is not seen directly is how owning and driving a hybrid car impacts the environ- ment. It reduces the dependence on fossil fuels and lowers your carbon imprint on the environment.

A BRIEF EXPLANATION ON HOW CAREONchain WORKS

CAREONchain ICO ANALYSIS

The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the CAREONchain PLATFORM

During the initial coin offering (ICO), Careon Chain will issue virtual currency tokens called REO token. There are many reasons why we have chosen to carry out a do initial coin offering (ICO). First, an initial coin offering not only allows us to on board participants from different regions, but also to incentivize them to promote the Careonchain network via affiliate commissions. Second, tokens provide liquidity since they can be traded on various networks after the ICO. In addition, Participants will have the option of buying and selling their tokens on many exchanges around the world. Finally, and most importantly, we want to democratize trading: REO token will be used for the development of hybrid car technology and reduce pollution and we want as many people as we can to join the network on launch.

CAREONchain TOKEN ANALYSIS

Untitled(1).png

REO tokens are classified as utility tokens. Participants in the Careon chain Network that wish to trade and use all its features will need to hold REO token. These are the units of trade in our token new economy. By Other cryptocurrencies into Careon chain Network, traders can trade in the various markets offered on the network. The value of the trade is held securely in a smart contract and is settled and released directly back to the participants wallet automatically upon determination of the trade.

REO token has a economy that is market neutral and, unlike other exchanges and prin- cipal market making brokers, is primarily based on transactional volume vs. “risk taking”. The structure of the network will allow a diverse token economy based not just on commissions, but a variety of market-neutral models based on the growth in volume versus the market risk in the network.