UPCOMING ICO- CZERO (Blockchain for electric mobility ecosystem)
CZERO (Blockchain for electric mobility ecosystem)
A carbon zero initiative. Let’s build a better future for our children.
Token sale: 11. Jul 2018 - 23. Jul 2018
CZeroMobility a govt recognized startup with 3 patents, aims to help mass adoption of electric vehicles. To achieve this, CZero has developed products such as charging stations, Lithium Ion baery, battery swapping station and wireless chargers. All these devices will connect to a blockchain via IOT chip over wireless network and send usage information to the blockchain nodes. These transactions will generate coins that will be given as rewards to the users. Users can pay for the services in the ecosystem using this coin. And hence the ecosystem will encourage the users to adopt electric mobility faster and secure manner.
Micro, Small & Medium Enterprises Department Government of Odisha and Department of Industrial Policy & Promotion, India to recognized startup under Start Up India.
Token distribution and life cycle
Start date 10-Jun-18
End date 23-July-2018
Softcap 250k USD
Hardcap 20M USD
Key highlights:
• The token offering six stages of pre-sale, each stage offers 25 million tokens. The 7th stage is ICO
which offers 50 million tokens.
• The tokens are not pre-minted, they are instantly minted as and when an investment is made to
the crowd contract address.
• Hence there won’t be any extra tokens to burn.
• Reserved tokens will be credited to our accounts upon ICO ends.
• Funds raised from the ICO will be used to scale up current operations, build the CZERO IOT
Blockchain network, country wise hardware certifications and marketing.
Fund utilization plan:
The raised fund will be utilized in following way.
- Setting up manufacturing facility 30%
- Setting up R&D lab for products 20%
- Reserved for salary, raw material and other recurring expenses 30%
- Marketing, branding and collaborations 20%
https://token.czeromobility.com/wp-content/uploads/2018/05/CZeroMobility_Whitepaper_v1.0.pdf?x30367