DOVU HOW THE WORLD’S FIRST MOBILITY CRYPTOCURRENCY WILL TRANSFORM DATA CONSUMPTION AND DISTRIBUTION ACROSS THE TRANSPORT ECOSYSTEM
BLOCKCHAIN POWERED MOBILITY
EXECUTIVE SUMMARY
The transport sector knows where it wants to go with real time data and smart technology but doesn’t know how to get there. DOVU is the missing piece of the puzzle - a circular economy for the transport and mobility sector by creating an unprecedented value exchange between regular consumers and those that benefit from their data.
The DOVU Protocol empowers ‘data owners’ (individuals, organisations, IoT devices – any source of data) to control access to the data shared, whilst receiving value of the use of that data in return – in the form of DOV Tokens. These tokens then feed back into the ecosystem through mobility related transactions, be that offsetting the cost of a car, fuel for that car, paying for a flight, or just riding the bus.
Our Protocol facilitates and encourages development of an infinite number of mobility related dApps, detailing data interchange and attribution of value. Based on Ethereum, the DOV token is used for transactions within these dApps. The potential for dApp’s built on the platform is boundless, using DOVU’s economy to create previously impossible mobility services.
The core team consists of entrepreneurs, blockchain developers, product marketers, product designers and legal experts - all with significant experience shipping and supporting products used by millions of people.
Our high profile advisory board is committed to help DOVU execute its mission, and includes a former member of the board of directors of Ethereum, an entrepreneur who has built a one billion dollar business around community development, and a partner at a top global advisory firm. Together with strategic investors, including a government-backed fund and a major car company, DOVU will disrupt a traditional industry.
TOKEN DISTRIBUTION OVERVIEW
• 25% of the DOV Tokens (0.30B) will be made available to token sale participants (ITO). • 35% of the DOV Tokens (0.42B) will be allocated to an user growth fund. Earned tokens, by contributing the quality of the ecosystem, will originate from this fund. DOV Tokens received as a reward can only be used within the DOVU ecosystem for value added services. Any unused DOV Tokens after 6 months will be sent back to the user growth fund which can then be used for new users. • 15% of the DOV Tokens (0.18B) will be allocated to advisors, founders, and management to help build the team. Team members vest for tokens in four installments of six months each. • 25% of the tokens (0.3B) will be held in reserve. The reserve is subject to a two-year lock-down period.
0.5% of the token sale (1.5 million tokens) will be allocated to the Bounty program.
The bonus structure for the public token sale will be based on three tiers. Conditions for these three tiers will be announced when the pre-sale closes on the 29th of September. Tier 1: 10% discount Tier 2: 3% discount Tier 3: Announced token price
