Carnomaly, a platform dedicated to bridging the gap between blockchain and the automotive sector, started it’s Initial Exchange Offering (IEO) on Jan.26. Created by experienced automotive professionals, Carnomaly harnesses the limitless potential of the blockchain and cryptocurrency to provide innovative solutions for some of the most pressing problems in today’s automotive industry. Carnomaly can solve numerous industry inefficiencies, such as undervalued trades, high-interest rates, overpaying for vehicles, a confusing purchase process, and inaccurate vehicle histories with its fleet of technology solutions: the CARR token, CarrChain, and CarrDefi.
CARR Tokens with Carnomaly IEO
To fund its development and the global reward program, Carnomaly created CARR tokens. The Ethereum network hosts the token exclusively through its ERC-20 smart contract. Utilizing only the Ethereum network makes it simple to analyze how many tokens each member holds and the membership level each member has achieved.
CarrChain is a web-based application through which vehicle owners can easily manage and update their vehicle’s online profile. The better updated an owner keeps their vehicle’s profile, the more points they can earn towards the car’s reputation score. When the time comes to sell the car, this gives a competitive edge to the seller.
Essential Benefits of CarrChain:
- Achieve real-time vehicle sales by eliminating lengthy title transfers
- Replace confusing, incomplete vehicle maintenance paper records
- Notify dealers and private buyers of possible weather damage to a vehicle through the Natural Disaster Bulletin
- Provide complete historical records for the dealer when it’s time to sell
- Increase the value of the car
- Discover service gaps in maintenance to improve the lifetime performance of the vehicle
CarrDefi is a crypto-powered solution from Carnomaly to eliminate outdated and inflexible auto lending. It utilizes a decentralized blockchain system where loans and assets can be purchased or sold without a bank. Carnomaly members can use CarrDefi to securely connect with borrowers and lenders through loan pools created by Carnomaly’s financial experts.
Carnomaly will offer 250,000,000 CARR tokens in three separate Carnomaly IEO ‘s, the first of which will launch on Jan.26. To ensure stability for token holders, Carnomaly is dedicated to listing on some of the top exchanges with the highest liquidity. Once the final IEO sale has concluded, Carnomaly will lock company funds for 90 days.
To be a part of the world’s first-ever automotive reward platform or to learn more about Carnomaly IEO.