Carnomaly

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Carnomaly (Carnomaly CARR) ICO Review

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Carnomaly is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameCarnomaly
Token SymbolCarnomaly CARR
WhitepaperView Whitepaper
Website LinkHome
Price1 Carnomaly CARR = 0.25 USD
PlatformEthereum
Soft Cap5,000,000 USD
Hard Cap25,000,000 USD

More about Carnomaly (Carnomaly CARR) ICO:

Carnomaly will become the first company ever to offer a worldwide rebate for an automotive purchase. Both new and used vehicles will apply, as long as they are purchased from a verified legal dealer anywhere in the world. Upon completion of our consumer platform, Carnomaly will begin buying back tokens to replenish the rebates for years to come. The proceeds from the consumer platform is what Carnomaly will use to purchase back tokens that are on the open market. Carnomaly will also develop the Automotive Vehicle Blockchain “AVB” The AVB will give vehicle owners the power to manage their own vehicle history report and transfer ownership.

The Carnomaly automotive rebate was created to allow consumers who purchase new and pre-owned vehicles the opportunity to save more money when purchasing from an authorized automotive dealership.

Consumers who hold CARR tokens will be placed into tiers which will allow certain benefits based on tokens held. The more tokens held, the higher the tier, the better the rebate is. Consumers will be able to get a max of a 30% rebate, which will be given in CARR tokens that must be sold on the marketplace for redemption. Along with the rebates, the tiers will also have additional benefits such as multiple purchases a year allowed for rebates, a Carnomaly Automotive retail representative to help users shop, and gifting your rebate to a friend or family member.

There will be 3 tier levels that token holders can qualify for. As the number of tokens held grows, so does the users membership tier. 

WHAT IS CARNOMALY?

This is a good question. Coming up with a name for a project is very difficult because it needs to define you in one word. So the first part of the name is just what is says “Car”, we are an automotive crypto project so that part was easy. However coming up with the rest of the name was a little more challenging. We knew we wanted to be different and unique in our own way, like an anomaly. So this is how the name Carnomaly was born.

So now how do we make sure we live up to the name that we have chosen? Well we do this by bridging the automotive industry into the crypto world by offering the first ever crypto automotive rebate platform. Carnomaly will give people the ability to earn a crypto rebate back for buying an automobile, new or used anywhere in the world. On top of that Carnomaly will build the most innovative online automotive marketplace with the largest network of dealers worldwide. Imagine being able to have a vehicle brought to your work so you can see it and having your current car appraised at the same time. Imagine being able to pay your down payment with bitcoin. Imagine getting an additional rebate on top of the already great deal you received.

These are just a few of the things that Carnomaly will bring to the online marketplace.

11Carnomaly will use the Ethereum network and its ERC-20 smart contract to host the CARR token. ERC-20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto wallet. The primary functionality of the CARR token is to allow token holders to earn rebates on automotive purchases worldwide by registering on the Carnomaly.io rebate platform. Carnomaly has allocated 56 percent of the token supply to the CARR rebate ecosystem. Utilizing only the Ethereum network will make it easy to analyze how many tokens each member is holding and what level of membership each member has achieved. The total market supply of the CARR token is 530,000,000. This is the permanent market supply and no more tokens can be minted. The CARR token was created by mywish.io.

THE CURRENT AUTOMOTIVE LANDSCAPE:

In 2018, the United States automotive industry reached a little over one trillion dollars in new vehicle sales and 116 billion in parts and service. Advertising has averaged 9.5 billion dollars for the last three years with 56.3 percent from online marketing alone. Today, consumers use third party websites to research and shop for their next automobile purchase. These third-party websites limit the way consumers shop for a vehicle as they typically focus on one thing: price. These third-party trading sites make their money solely on charging dealers monthly fees to list inventory. Over the last five years, the monthly fees for dealers to list inventory has increased to thousands, even tens of thousands of dollars per month. In today’s world, consumers want options, so why not provide options for how they can shop for their next vehicle while keeping the cost down for dealers.Due to the abundance of information available online, dealers have become aggressive with their pricing in an effort to draw consumers to their showrooms. The results of this are smaller profit margins for dealers which cause more negotiations and a less satisfying experience for the consumer.Both consumers and dealers have been negatively affected by existing trading platforms interested solely in their own financial gain. The only groups that have benefited from current trading conditions are third party sites that overcharge dealers to provide consumers with “affordable” information.With the current outdated online automotive model there are several opportunities for improvement. In our research, we have found that most of the top online platforms have no real “in-dealership” experience on their executive teams. Throughout our team’s 25+ years working in dealerships, we have experienced the frustrations and lack of direction that consumers get with the current online model. Carnomaly will be addressing these issues to alleviate frustration on both the consumer and the dealer end. We will be launching a digital online platform that will be far superior than that of the current competition. Our goal is to provide an easy-to-navigate platform that helps consumers search for a vehicle and helps dealers control costs, allowing the dealer to pass the savings onto the consumer. Carnomaly’s goal is to provide a win-win for both parties involved.

Buying

In the current digital marketplace, consumers have very few options when it comes to how they search for a vehicle. When visiting third-party websites, consumers can only sort by certain criteria. Carnomaly plans on taking this to the next level with many new ways to search for that perfect vehicle. One new option will be when shopping for a new vehicle, the consumer will be able to anonymously browse without giving away personal data to the network of dealers. This will prevent potentially unwanted communication from multiple dealers throughout the day. On the used side, customers will be able to see what the current market is for their desired vehicle on a sliding scale.

Selling

Currently there are only a few safe ways for a consumer to sell their current vehicle. This typically requires them going to an on-site location and shopping for the best bid on their vehicle. Carnomaly will guide the consumer through the listing process to better their chances of selling the vehicle at the correct market price. Carnomaly will also allow dealers to silently bid on the vehicles so they can gain access to inventory. This will allow the consumer multiple opportunities to sell their current vehicle under one platform and will allow dealers to be able to avoid the high costs of going to the auction.

DEALER PORTAL:

Carnomaly’s plan is to charge dealers a smaller fee than most competitors and to offer more features than current third-parties.Carnomaly will assist dealers on two fronts. The first will involve how dealers can connect with consumers and the second will deal with how dealers can buy or sell inventory from dealer to dealer. Therefore, not only will it be an online auction for dealers, but Carnomaly will also handle any shipping needs the dealer might need from purchasing a vehicle that isn’t close to them. The current system for auctioning vehicles includes physically sending the unwanted vehicles to off-site locations where the cars are then auctioned off. Each time a car is sent there, dealers pay transportation and auction fees whether the vehicle sells or not. If the vehicle sells, the dealer will have to pay a percentage of the sale to the auction. By utilizing the Carnomaly platform, we will save the dealers the high cost of traditional auction fees and allow them to easily and quickly auction a vehicle when they choose.

Carnomaly will be developing the AVB (Automotive Vehicle Blockchain) The AVB will give vehicle owners the power to manage and update their vehicles history report. Along with data from dealers, Insurance companies, collision centers and DMV”s, the AVB will give owners the ability to upload photos of receipts from independent service facilities as well as work they may have completed on their own. This information will all be stored under each vehicles VIN number and secured behind the blockchain. The AVB will also speed up the vehicle ownership transfer. With the AVB the vehicle owner will have the ability to transfer ownership of the vehicle in real time. This will eliminate the risk of unwanted toll bills, red light cameras and even lawsuits. Our goal is that one day the AVB will be the new worldwide standard in vehicle ownership transfers. Vehicles already have worldwide vehicle identification numbers (VIN’s) so why not take this VIN’s and integrate them into the blockchain. Carnomaly will bridge the gap between the automotive industry and the digital world by creating solutions like the AVB.

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THE PROBLEM

In 2018, the United States automotive industry reached a little over 1 Trillion dollars in new vehicle sales and 116 Billion in parts and service. Advertising has averaged 9.5 billion dollars for the last 3 years with 56.3% from online marketing. Today consumers use third party websites to research and shop for their next purchase. These 3rd party websites limit the way consumers shop for a vehicle as they only focus is on one thing, “price”. These 3rd party sites make their money solely on charging dealers monthly fees to list their inventory. Over the last 5 years, the monthly fees for dealers to list inventory has increased to thousands, even tens of thousands of dollars per month. In todays world, consumers want options, so why not provide options for how they can shop for their next vehicle while keeping the cost down for dealers.

Due to the abundance of information available online, dealers have become more transparent for the consumer in order to get them into their showroom. In order to do so, they must be very aggressive with their pricing on these 3rd party websites. Over the last decade, this cycle has driven profit margins lower and lower for vehicle sales and has allowed the 3rd party sites to control the market. Due to the high monthly fees of these 3rd party websites, dealers must make up the difference somewhere, chancing a poor customer experience for the sake of making up the loss in price.

With the current outdated online automotive model there are several opportunities for improvement. In our research, we have found that most of the top online platforms have no real “in-dealership” experience on their executive teams. Throughout our teams 25+ years working in the dealership, we have experienced the frustrations and lack of direction that consumers get with the current online model. Carnomaly will be addressing these issues for both, the consumer and the dealer. We will be launching a digital online platform that that will be far superior than the competition. Our goal is to provide an easy-to-navigate platform that helps consumers search for a vehicle and dealers to control costs, allowing the dealer to pass the savings onto the consumer. Carnomaly’s goal is to provide a win-win for both parties involved.

THE CARNOMALY SOLUTION

Carnomaly will be the most advanced online digital platform in the automotive market. Consumers will have multiple ways to shop for a vehicle. No longer will they just be able to use the standard matrix’s that the current platforms have with just price and miles. Consumers will have new ways to shop and Carnomaly will provide them with the options needed to make an informed decision before even stepping onto the showroom floor. Carnomaly will serve 2 markets, consumers and dealers. These features will make for an easier buying experience and will allow the 30,000+ franchise and private dealers the opportunity to get in front of these customers. For the dealers, we will address the cost and inventory issues they currently have while helping them accept cryptocurrency as payment.

Carnomaly will be developing the AVB (Automotive Vehicle Blockchain) The AVB will give vehicle owners the power to manage and update their vehicles history report. Along with data from dealers, Insurance companies, collision centers and DMV”s, the AVB will give owners the ability to upload photos of receipts from independent service facilities as well as work they may have completed on their own. This information will all be stored under each vehicles VIN number and secured behind the blockchain. The AVB will also speed up the vehicle ownership transfer. With the AVB the vehicle owner will have the ability to transfer ownership of the vehicle in real time. This will eliminate the risk of unwanted toll bills, red light cameras and even lawsuits. Our goal is that one day the AVB will be the new worldwide standard in vehicle ownership transfers. Vehicles already have worldwide vehicle identification numbers (VIN’s) so why not take this VIN’s and integrate them into the blockchain. Carnomaly will bridge the gap between the automotive industry and the digital world by creating solutions like the AVB.

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