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.
May 23rd 2018 (9am CEST) - May 30th 2018 (11:59pm CEST)
Token to sell:
+50% Presale purchase bonus
June 11th 2018 (9am CEST) - July 9th 2018 (11:59pm CEST)
Token to sell:
480,000,000 FLEX (120,000,000 each round)
Round 1: +40% Purchase bonus
Round 2: +25% Purchase bonus
Round 3: +15% Purchase bonus
Round 4: +5% Purchase bonus
Total Tokens issued:
1 FLEX = 0.07 €
Total for sale (Hard Cap):
520,000,000 FLEX (65%)
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.
Quick sign-up process within the App.
Choose any car you want. No surprises with our all-inclusive pricing.
Sign for it right on your phone.
Freedom to drive the car you want as long as you want.
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.
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.
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.
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.
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.
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.
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.
Weekly payment includes insurance, warranty, taxes, maintenance and any other expense that comes with owning a car.
Convenient and risk-free. No uncertainties with purchase, financing, insurance, repair or maintenance.
Transparent fair pricing with no hidden costs.
You can return or swap your car anytime you want. No long-term contract.
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.
TrustedCars founded – with the vision of bringing online-shopping as a major part of modern society on to the automotive industry.
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.
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
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.
May & June:
TrustedCars FLEX Token Sale
Development and integration of blockchain and smart contract technology. Token listed on Exchanges. Beta Launch with our existing car dealership-network in Germany.
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.
Concrete plans set and ready to expand to UK, France, Italy and Spain. Including Multi-Language support.
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).
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.
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 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.
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 is a full stack engineer, blockchain evangelist and a focus driven coder with 15 years of experience.
Denny has already created front end designs and apps for various successful and famous online stores and websites. Art & Design are his passion.
TrustedCars FLEX has an experienced team of specialists working in IT, Quality Assurance, Client Support, Marketing & Communication and Business & Product Development.
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.
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.
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.
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 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.
Financial manager at the publicly listed tech company United Internet. Prior to that he worked for Ernst & Young as a Tax Consultant and Certified Public Accountant and advised medium-sized and large companies.
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).
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.