CryptoMotors is a new concept, a digital automaker powered by the Ethereum blockchain.

NEWS
Dec 14, 2018
2 min read

CryptoMotors is a new concept, a digital automaker powered by the Ethereum blockchain. It is a platform that grants access to the user community to join the creation of digital vehicles, as well as to collect, use and trade these. The challenge is to rethink the way we create and enjoy cars.

By giving the opportunity to partake in the development process and creating an open reward system, professionals and enthusiasts alike can design in a world without limits for creation.

Every vehicle created in the platform is a unique and special craft made crypto collectible with full ownership rights thanks to the non-fungible token called ERC-721. No one will be able to destroy or take your vehicle away.

CryptoMotors believes in bringing the highest quality and standards of the automotive design industry together with the latest VR, AR, and Blockchain technology. The results are vehicles that users are pleased to own, collect and be entertained with.

The Platform:

The CryptoMotors platform is divided into three main areas: Studio, Garage, and Market.

Studio The Studio is the place where the vehicles are developed and where users can follow up and vote on the different stages of the design process. The most significant difference to the typical car design studio is that CryptoMotors believes in an open platform, where the community has a voice in the decision and design process, with the philosophy “This is a place with no secrets between creators and users.”

Every vehicle is created in response to a “design brief” that brings different features: Type, specifications, quantity, and price.

Garage

The Garage is the place where users can store and interact with their vehicles. Any vehicle one buys unique with individual stats. Once acquired, it appears in the garage, giving the owner full access to it, including its development process. The customization function runs here allowing users to tune and personalize their acquired vehicles.

Vehicles are displayed here starting with photorealistic render images and later on a 3D model visualized in the browser or with VR.

Market

The Market is the place where sales, resales, and orders of vehicles are made, in the following categories: From Studio, Represents the new cars coming directly from the design studio to the marketplace. The stats of Studio cars are hidden until the user purchase it. Sale: Representing the peer to peer marketplace where users can trade their vehicles with each other.

CryptoMotors accounts for a 3.75% fee for transactions executed in our market. Prices are displayed in Ether (ETH). Collectible Classifications: TYPE and GEN

CryptoMotors are divided by TYPE and Generation (GEN).

- TYPE: Is the segment of the vehicles. Eg.: sedan, coupé, SUV.

- GEN: Refers to the generation of the vehicle. The starting generation is the GEN 0.

Once the TYPE of car is designed for another time, a new GEN begins. Official Links: Website: https://www.cryptomotors.io/ Discord: https://discordapp.com/invite/6jhQT72