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Changing car ownership forever

Turning dealerships into innovative mobility providers while offering customers a flexible, all-inclusive and affordable solution.

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Token Sale

The TrustedCars FLEX Token sale
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Overview

TrustedCars FLEX Token (FLEX) is a utility Token

TrustedCars FLEX issues a total of 800,000,000 Tokens on the Ethereum blockchain using a smart contract. 520,000,000 of all Tokens will be sold during the Initial Coin Offering (ICO). As a closed economy, TrustedCars FLEX will not release additional Tokens once the total of 800,000,000 are issued. Unsold Tokens will be burned after the Token sale. To fully protect the Token economy, Tokens that are not for sale will also be burned proportionally.

Details

Blockchain:
Ethereum, ERC20

Coin Name:
TrustedCars FLEX

Token Ticker:
FLEX

Total Tokens issued:
800,000,000

ICO

Initital Price:
1 FLEX = 0.07 €

Min. pledge:
700 FLEX

Total for sale (Hard Cap):
520,000,000 FLEX (65%)

Soft Cap:
20,000,000 FLEX

Distribution

Tokens
Funds

This is how it works

With our paperless end-to-end solution you can choose any car you want from the available inventory of participating car dealers, sign for it in the app and you are ready to go. Drive the car as long as you want and return it or swap for another car anytime. With no fixed costs or long-term contracts but for a low weekly payment including all expenses.

App Register
1 Sign up

Quick sign-up process within the App.

App Register
2 Choose a car

Choose any car you want. No surprises with our all-inclusive pricing.

App Register
3 Sign for it

Sign for it right on your phone.

App Register
4 Swap anytime

Freedom to drive the car you want as long as you want.

Significant change in the behavior of consumers

Modern customers prefer convenient, flexible and affordable solutions rather than being locked into long-term contracts or having to spend time on a purchase that is plagued with uncertainty.

But if you need a vehicle today and you don’t want to buy one, your options are limited. Current mobility concepts like ride-hailing, car sharing or leasing are either too expensive, not available in your city, unreliable or lock you into long-term contracts.

On the other hand, dealerships usually have hundreds of used vehicles just sitting on their lot, on average more than 100 days and costing money every single day.

We have designed a solution that offers consumers an affordable, all-inclusive and commitment-free way to have a car and at the same time offering dealerships an additional source of income and access to a new generation of consumers.

Customers

Market Problems

Prefer flexible solutions instead of longterm contracts.

Current alternatives are incovenient, expensive, not available in their area or not reliable.

Are used to immediacy.

Prefer easy and paperless booking process.

Process of purchase is inconvenient, time-consuming and plagued with uncertainty.

Price sensitive.

TrustedCars Solution

Commitment-free and flexible solution with no long-term contracts.

Paperless and easy booking process, all in one app. Get a car on your phone and return or swap it anytime you want.

An all-inclusive and affordable solution with fair prices and no hidden costs.

Peace of mind. Transparent low weekly payment including insurance, warranty, registration, taxes, maintenance and any other expense that comes with owning a car.

Car dealerships

Market Problems

Vehicles sitting on the lot cost money every single day, $15 per day per vehicle.

On average it takes 100 days to sell a vehicle, some vehicles even 6 months or longer.

A lot of unused and depreciating asset.

Business model has not advanced for decades.

No access to customers who prefer not to own a vehicle.

No expertise in IT, e-commerce, apps, marketing etc.

Can't afford big investments into technology and marketing.

TrustedCars Solution

Turning Dealerships into innovative mobility service providers

Additional source of income from unused cars on the lot.

Prevent damages incurred through unused stock of cars.

Access to a new generation of customers who prefer flexible and easy accessible mobility solutions.

Potential future customers for car purchase and garage services.

Solving problem of time-consuming test drives with our AI powered technology.

Turning dealerships into mobility service providers

We don’t just want to solve the problem of dealerships with their increasing lot time. More importantly, we firmly believe that the business model of dealerships will change dramatically in the long-term as a consequence of our advancement.
Dealerships will not just continue with their traditional business of one-time vehicle sales but provide new mobility concepts for a new, emerging generation of customers.

But more than 90% of dealerships don’t have any expertise in IT, e-commerce, AI, chatbots, apps or marketing to provide such a solution. TrustedCars Flex as a high-tech company will help dealerships move up the technology change curve, with an easy accessible all-in-one solution turning dealerships into mobility providers without any upfront investments.

Secure and incorruptible infrastructure

Right car at the right time, and all with a few taps on your phone, with our paperless end-to-end solution. Using Ethereum-based smart contracts through which all funds are secured and transferred, the TrustedCars Flex ecosystem, as a secure and incorruptible infrastructure, will fundamentally transform the consumer experience in vehicle use and ownership.

Convenient and affordable access to an entire fleet of cars

All-inclusive

Weekly payment includes insurance, warranty, taxes, maintenance and any other expense that comes with owning a car.

Hassle-free

Convenient and risk-free. No uncertainties with purchase, financing, insurance, repair or maintenance.

Low weekly payment

Transparent fair pricing with no hidden costs.

Flexible

You can return or swap your car anytime you want. No long-term contract.

Our Achievements with TrustedCars

The contribution of TrustedCars to TrustedCars Flex will not only be IT and infrastructure, but also an introduction of the TrustedCars Flex concept to our car dealer partners and share of a TrustedCars talent pool of developers, support, sales and marketing teams.

Established ecosystem of long-lasting and renowned partnerships
E.g. TUV Rheinland, DAT Group, Deutscher Auto Dienst, Sicherbezahlen and many more.

Large network of dealerships
More than 100 of the largest and most renowned dealerships already trust and work with us.

One of the largest Online Shops for used cars worldwide
More than 30,000 listed cars in 2017 and currently more than 8,000 cars available for purchase.

Existing minimum viable product
What we have developed over the last three years will serve as a minimum viable product for TrustedCars Flex to begin operations.

Partner Economy

DAT Group
Deutscheboerse Venture Network
Finanzcheckpro
intec
Check 24
Deutscher Auto Dienst
Orbix
sicher bezahlen
TUEV Rheinland
elio Systems
Myracloud
Fact-Finder

Roadmap

October 2015

TrustedCars founded – with the vision of bringing online-shopping as a major part of modern society on to the automotive industry.

2016

February:
Seed financing
June:
Launch of TrustedCars.com

Establishment of various partnerships: with TUV for the inspection of used cars, with the largest bank for car-financing, with renowned car dealerships and with insurance & warranty companies.

2017

March:
Relaunch of TrustedCars.com - with very high level of automation for the quick upload of cars through the implementation of a dealership-interface and the DAT database.

Series A Financing

September:
Participation at IAA as an Exhibitor – the largest Fair for mobility and the automotive industry in the world.
More than 30,000 cars listed on TrustedCars in 2017, with more than 100 car dealerships participating.

2018

May & September:
TrustedCars FLEX Token Sale

2nd half:
Development and integration of blockchain and smart contract technology. Token listed on Exchanges. Beta Launch with our existing car dealership-network in Germany.

2019

1st half:
Official product launch in Germany. Release of iOS and Android App enabling customers to get a car with a few klicks on their phone. Launch of payment system enabling users to receive and make payments in TrustedCars FLEX Tokens. Translation of website into various languages.

2nd half:
Concrete plans set and ready to expand to UK, France, Italy and Spain. Including Multi-Language support.

2020+

1st half:
Expansion to the rest of Europe. Extension of FLEX Tokens for payment of various automotive services, like carwash, parking and other vehicle related services.

2nd half and beyond:
Expansion to USA and key cities worldwide. Onboard advertisers and retailers to promote products using FLEX Tokens (Further value increase of Tokens).

Gebrauchtwagen Award

Award as the most innovative used car concept in Germany.

On February 26th 2018, TrustedCars won the prestigious used-car award „Gebrauchtwagen-Award“ for providing the best customer experience. The highly regarded prize is awarded by renowned companies like Santander Bank, Real Garant/Zurich Insurance Group, Dekra and the well-known car-magazines kfz-betrieb and Gebrauchtwagen Praxis.

We are proud to win this award in our second year of operation and as the first start-up ever.

The Team

Simon Toprak
Simon Toprak
Founder, CEO

Simon is the initiator of TrustedCars. After completing his Master in Management (M.Sc.) at the University of Mannheim and ISC Paris he worked several years as a management consultant before founding TrustedCars.

Sascha Vorderstemann
Sascha Vorderstemann
Founder, CTO

Sascha has built up development teams that thrive at the cutting edge of web development. With more than 20 years of experience, he was responsible for the technical realization of various famous e-commerce projects.

Hendrik Erl
Hendrik Erl
Head of Sales & Operations

Our sales genius and car-enthusiast. He had various positions at car manufacturers and car rental companies before joining TrustedCars. He is responsible for our car dealer cooperations.

Eugen Kasjanov
Eugen Kasjanov
Head of Development

Eugen is a full stack engineer, blockchain evangelist and a focus driven coder with 15 years of experience.

Denny Vieweg
Denny Vieweg
Head of Front-End Development

Denny has already created front end designs and apps for various successful and famous online stores and websites. Art & Design are his passion.

Team
+12 Team members
 

TrustedCars FLEX has an experienced team of specialists working in IT, Quality Assurance, Client Support, Marketing & Communication and Business & Product Development.

Advisors

Paul Scott
Paul Scott

A seasoned professional in financial- and emerging-market technologies with deep-level Big Data knowledge and a focus on the benefits of Blockchain technology and its opportunities for a decentralised global economy.

Christoph Koeth
Christoph Koeth

Mercedes-Benz Connectivity Services - As Key Account & Business Development Manager Europe, he is in charge of managing and enhancing the fleet management of large companies.

Ian Scraffe
Ian Scarffe

Serial entrepreneur and consultant with business experience around the world. Ian is a leading expert in blockchain and cryptocurrency industries and currently consults and advises for a range of multi-million dollar companies.

Ilya Anikin
Ilya Anikin

Serial entrepreneur with 17 years of experience. Managing and Investment director of VC Funds Sferiq Venture Capital Fund and Imperious Group. Founder of investment banking firm SH Capital.

Thomas Hierl
Thomas Hierl

Thomas is an E-Commerce & Logistics expert. Former Head of Logistics and CEO at two of the largest online pharmacies in Europe. Now consulting new and promising tech companies with his company disruptiv GmbH.

Kowa Shorida
Kowa Shorida

Financial manager at one of the largest publicly listed tech companies in Germany and Europe. Prior to that he worked for Ernst & Young as a Tax Consultant and Certified Public Accountant and advised medium-sized and large companies.

Thomas Drechsel
Thomas Drechsel

Strategy & Business Development Advisor with a PhD in Economics at the London School of Economics and work experience at European Central Bank and Deutsche Bundesbank (German Central Bank).

Stefan Hessler
Stefan Hessler

Lawyer, Managing Partner at ToprakHessler. In charge of drawing up secure and high-quality contracts between dealerships, consumers, insurance companies and all other parties involved.

Sami Toprak
Sami Toprak

Lawyer, Managing Partner at ToprakHessler. In charge of drawing up secure and high-quality contracts between dealerships, consumers, insurance companies and all other parties involved.

FAQ

The total supply of TrustedCars FLEX Tokens is 800 million. 520 million (65% of the total supply) is allocated to the Token sale. All unsold Tokens will be burned.
We accept Ethereum (ETH) and Bitcoin (BTC) as well as US Dollars (USD) and Euros (EUR) via bank transfer and credit card.
Min. purchase amount per transaction: 700 FLEX.
Max. purchase amount per transaction: No maximum.
We support all ERC20 wallets incl. myetherwallet, imtoken, Trezor, and Nano Ledger S.
Please don‘t send us crypto from Exchanges. As Exchanges bundle transactions from various users so that we do not see the original wallet address of the source of funds. This requires manual mapping of your transaction which delays the payment process.
Soft Cap: 20,000,000 FLEX
Hard Cap: 520,000,000 FLEX
Yes, our Referral Program will reward you with additional free Tokens if you as a FLEX holder invite a friend who also purchases our Tokens. We will grant you 5% of the amount the invited friend purchases. For example, if your invited friend buys 2,000 FLEX Tokens, you will receive 100 Tokens for free.
You'll be credited once the purchase of the person you referred has been fully processed (payment and KYC).
Yes, there is a bounty program. For more information visit: https://ico.trustedcars.com/bounty
The FLEX Token is a Utility Token based on Ethereum blockchain. It is NOT a Security Token. Token holders will not receive any profit sharing, dividends or equity in the company.
You won't be able to purchase FLEX Tokens on exchanges during the ICO, as the Tokens are sold by TrustedCars FLEX only. After the ICO you will be able to purchase Tokens on exchanges.
Unfortunately some countries are not allowed to participate (e.g. United States of America, People’s Republic of China, Iran, North Korea, Syria, Sudan, or Cuba).
Know Your Customer (KYC) is a standard verification process in ICOs. KYC is a requirement by many authorities around the world to prevent money laundering and financing of terrorism. We will request every Token holder, who purchased FLEX worth more than 10,000 Euros, to go through the identification procedure (KYC) to confirm the identity and country of residence.

The KYC process starts a few days after payment confirmation, we will notify you. Your purchased FLEX will be withhold until the KYC process can be successfully finished.

We will need following documents from you:
Name, country of residence, Photo of ID card or passport + selfie, proof of address via utility bill (if not included on ID card), capturing source of funds.

Everyone who wants to buy via a legal entity (e.g. GmbH, Ltd.) must report to ico@trustedcars.com after the purchase for more comprehensive KYC check and to benefit from tax advantages (you may get the VAT back).
No, FLEX Tokens cannot be sold before the closing of the main sale. Be aware that any offer of TrustedCars FLEX Tokens outside the TrustedCars FLEX ICO website before the closing of the main sale is probably scam.
You will be able to sell your Tokens after the closing of the Main Sale. You will be able to sell your FLEX on exchanges or directly via the blockchain.
We are in discussion with various exchanges and expect the first confirmations soon. The listing will start after the closing of the ICO when we have finished processing all payments, KYC checks and mined all FLEX Tokens. We want everyone to have their Tokens before any trading starts.
The mining will happen during and right after the ICO. Your Tokens can only be mined if payment and KYC are completed.
No, all TrustedCars FLEX Tokens available are mined during and right after the ICO. The number cannot be increased.
Contacting us on Telegram is the easiest method. But you can contact us with E-Mail, BitcoinTalk, Facebook, Twitter and Medium, too.

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