The BigBang of CryptoVerse

The whole universe is moving towards BlockChain where we are finding literally a new ICO everyday. Although you may come across some scams , it is quite clear that the blockchain technology is going to a play a major part in years to come.

HelBiz

HelBiz is the latest entry into the ever expanding world of block chain. So what exactly does HelBiz do? They are creating an Decentralized ecosystem for peer to peer vehicle renting using the block chain. Users can rent any sort of vehicle using HelBiz,that’s right you can rent Cars, bicycles,boats and even planes.

HelBiz ANN thread

Why Blockchain

Now you may wonder why does HelBiz need Blockchain,if you don’t then start asking this question for every project you would want to invest in.

In their official website their president precisely explains this in a short video.

He quotes “Blockchain having drivers and vehicles pre-verified allows for trustless exchange of vehicles”.Now for the noobs in Blockchain trust less means that you don’t have to trust anyone in the entire transaction.Because everything you need to do is smart contract , there is simply no need to trust any third party.

What more does HelBiz offer?

Apart from Blockchain based system HelBiz offers the following

Cost

Insurance

Identification

Safety

Cost

HelBiz ecosystem reduces cost by being trustless and avoiding third party intervention in the ecosystem for renting your vehicles.This means that you can avoid paying commissions to the usual renting platforms that you are doing now.

Insurance

Well what if my car is stolen?

HelBiz has an answer for you.They have already partnered with a large US insurance provider that covers all the vehicles that will be used in HelBiz platform.So don’t worry about it.

Identification

Both the owners of the vehicles who are renting it and the drivers are verified either using fingerprint or facial recognition so HelBiz always knows who is currently renting a car or who owns it.

Safety

HelBiz claims to have a security software to keep the users safe.

One stop solution

Through this HelBiz creates a one stop solution for renting any vehicle and in any price range from a single marketplace. You don’t have to walk-in to a dealer who specializes in renting SUV’s or Motorcycle’s , you can find everything you need in a single marketplace

Token Metrics

HelBiz is currently doing their ICO and more than 50 percent if the coins have been already sold . The hard cap for the sale us 62500 eth and the sale price is 1 eth=6000 HBZ tokens .

52 percent of total tokens are sold in preslae (4 percent) and crowdsale. 10 percent is held by the team , 10 percent is given to early backers and investors,3 percent for bounty and 25 percent is reserved by HelBiz for future growth and expansion.

As the platform picks up users the token will have more demand driving the price up

The use of of funds are as follows

40% – Product Development

35% – Business Development

20% – Marketing

5% – Legal

Team and Roadmap

The team looks solid for the ICO.

Founder Salvatore Palella has prior experience in enterpreneurship as he is already leading a cryptocurrency startup called SP1 cryptocurrency bank from 2016

The team also has a very much skilled advisor in Mike Coppola who is working as CBO in Omnivore,which is a digital payments solution.He also has past experience in AdMobius,Millennial Media and Adcade

Blockchain Advisor – Stefano Ciravegna

Final Thoughts

I think HelBiz would bring decentralization to much needed rental industry. Having used rental cars and bicycles extensively during my previous you wouldn’t believe how comfortable it would be to find a bicycle to rent at any place using a app. And it also brings back decentralization when the transportation market is getting monopolized by large players like Uber,Ola and Dadi.

Imagine you are going on a month long vacation or going on a business tour to another state ,HelBiz would allow you to rent a vehicle from peers without breaking sweat or money and in the meantime you can also rent out your vehicle back at home using HelBiz platform. As they say

Two birds one stone

Useful links:

Bounty

TELEGRAM

Token Sale