$ROAD AMA Summary with Decentralized Club ✔️
Dear, Community_
✔️Introduction with $ROAD :👉
Trader(BILLY):
Kindly give your introduction and for those people who are living under the rock please tell what is ROAD about? 😁
Aaron Li:
I am a former Alibaba employee, and investor, having much experience in E-commerce, investment.
Regarding ROAD, let me paste an introduction of ROAD.ROAD is a world-renowned vehicle networking project. In the cryptocurrency market, ROAD has been leading the automotive and transportation sector (mytoken data). Because of its excellent multiple-layer smart contracts and desensitization mechanism, ROAD makes it more suitable for the data interaction needs of cars in complex driving environments. At the same time, ROAD created a unique auto ledger for each car and developed an effective distributed auto economic system based on the auto ledger. This system is an intelligent transportation system that integrated individual interaction and cluster intelligence.
By utilizing blockchain technology, the auto-ledger stores all static data, including VIN number, car price, configuration, insurance, and mortgage, as well as dynamic data, including driving habits and trajectory, records of maintenance, etc. In this way, it maps a virtual digital vehicle in the system and allows users to manage and transfer all the data and digital assets of the virtual digital vehicle.
ROAD platform operates on INT Chain. INT is the world’s first bottom up new-generation blockchain of things (BoT) communication standard and base application platform. The ecosystem is specifically designed for easy integration with any IoT protocol.
ROAD’s native token is an essential part of the ROAD economic system (IRC20 token on INT Mainnet). It is created based on the INT public chain smart contract to coordinate the resources exchange between vehicle nodes and heterogeneous chains.
ROAD is a business-driven project. The ROAD Foundation will directly or indirectly participate in the business of ROAD-related commercial entities. Some of the profits generated by commercial operations will be used for token buy back. The buy-back tokens will be burnt, and recorded on chain.
ROAD has successfully conducted IEO in the end of 2019. And still, the token price is higher than IEO price, ~3.4x. According to the roadmap, in 2020 Q1-Q3, the number of users of auto-ledger may reach 100,000, and will reach a cooperation with well-known Chinese new car manufacturer, embedding the auto-ledger in new manufactured cars.
Stay tuned for big news from ROAD in the coming weeks and follow ROAD’s Social media !
🐧Community ask Questions by Twitter ✔️
Trader(BILLY):
1. ROAD technology was born to solve what problems? Is your market really potential? @cailozma1900
Aaron Li:
ROAD is a business-driven IoV blockchain project. Based on OBD smart hardware, we created a core product called auto ledger, targeting the global automotive and its aftermarket. ROAD uses blockchain technology to reconstruct the Internet of vehicles, Our goal is to optimize the network interaction of 1.3 billion vehicles in the world an to realize a series of value ecologies such as the value of automobile data and the automation of maintenance services.
Trader(BILLY):
I see. So you guys plan to make repair and resale valuations of vehicles easier and trustworthy
So will it be like if my car has an accident, that will be recorded in the ledger and exposed during sale?
Aaron Li:
Yes, repair and resale are part of our ecosystem, and we have a more big image also.
Nowadays, data is really be a very important resource. But using our auto-ledger is to let the owners take back the right of their own data, which means your data exposed is only detemined by you. And the repair shop or others need to pay for it.
Trader(BILLY):
2. How are the plans shaping up for marketing and building a strong, core community which is essential for any project in the crypto industry? @cailozma1900
Aaron Li:
A variety of hardware and software developed by ROAD had been used in the market. And we also have a special product for ROAD project which can leverage the market, by using this product. can be called as a mining machines, at the beginning of ROAD, the team has designed a scientific economic mode for the entire token system. 70% of the total ROAD token will be mined or distributed to the people who make contribution by using the this product, these peoples can be the owner of the product, and auto repair shop, and then they will become token holders, this opens up incremental markets for ROAD. In addition to trading on the exchange, ROAD token can be used directly in Car washing and maintenance, insurance, rescue and other scenarios to truly realize the value of the token.
Trader(BILLY):
3. What are your security measurements if your database is targeted for hack? @alang_nga
Aaron Li:
Blockchain is distributed. If a database being attacked on a single node does not cause a problem in the entire system. For traditional centralized systems, we strengthen server protection, implement early warning system, and we also have data disaster recovery and backup plan.
Trader(BILLY):
4. Why did you decide to choose KuCoin as your exchange, not others? What are the benefits and advantages that KuCoin brings to ROAD? @dendykomara1
Aaron Li:
Kucoin has a very high user coverage rate for major automotive countries such as the United States, Germany, South Korea, and Thailand. It has strong community resources in multiple countries, which is in line with the international development path of ROAD.
✍️ Telegram live Questions answered by $ROAD ✔️
Purushottam Pindel:
What is your strongest advantage that you think will make your team leading the market?
In contrast, what is your weakness? How do you plan to overcome
Aaron Li:
Our strongest advantage: 1 we have much experience of business in internet industry 2, We have much experience in auto industry 3, Our team has experienced IoT and blockchain tech experts.
Every team has its weakness, when it is in hardworking an making progress period team is very united and concentrated. But when you achieve a success, then team will lost in the path. Luckily our core team came from Alibaba, we have very strong sprit and value system. We will deliver these staffs to new colleagues, also our customers.
Edgardo Tico:
Why did ROAD recently focus on Vietnam?
Can you rate the Market of Vietnam?
Aaron Li:
Vietnam has many crypto fans, they are welcome token economy. And recently there is a partner of ROAD, this partner is a car manufacturer, the main customers of this car manufacturer are Vietnam. We want to launch business along with this partner.
binance trustbison2.crypto loyalist:
You just got listed on KUCOIN, are you satisfied with this, what milestones do you want to achieve after this listing and what are your core target and total addressable market
Are you considering other profitable sectors like shipping, freight and exports of Cars?
Aaron Li:
First, we never stop and keep moving forward. We will expand more and more users, launch more business application, including transportion companies and automobile sales compines.
Ahmad Arif:
I want to ask about ROAD target market. I read ROAD will collaborate with China. Is your target market only Developed Countries? Or Developing Countries? I
you should try to enter the Southeast Asian sector(Asean). Where developing countries there are very open to investors, especially with regard to modern technology today. Examples such as Indonesia which is very open to investors
Aaron Li:
Countries have automobile is our target market, listing on Kucoin, because Kucoin has a very high user coverage rate for major automotive countries such as the United States, Germany, South Korea, and Thailand. Indonesia is alo a very attractive market fo us.
Run Away:
ROAD is currently going well and is receiving positive attention. What will you do to get more exposure and adoption? What is the ROAD message for the Community today?
Aaron Li:
We will continue to promote ROAD in global level, to let more people know about ROAD, and using ROAD. ROAD want to create confidence of users, only using blockchain to improve Internet of Vehicle that can make people avoiding hacking issue.
Lunm🐢 (Dogs and turtles🐢 are back):
Do you think your project would align with China’s vision regarding the blockchain said by Xi Jingping? Would you like to participate actively?
Aaron Li:
Our company — Hangzhou auto ledger tech ltd in China aims to promote the development of smart transportation, help Goverment to optimize smart transportation system.
Sicxa:
Are there any new partnerships and interesting upcoming use-cases?
Aaron Li:
Yes we have a lot parnters, e.g, we have repair shop partners. We have many repair shop partners in Dezhou Shangdong province, by providing our testing product. It has helped 31 car owners solve 46 safety problems and brought 16,832 yuan to the auto repair shop. 500 Internal testing devices have been shipped, and it is expected that all of them will be put on the market in March of this year; public testing of 10,000 devices is ready, and many city auto repair shops have actively requested to participate in testing.