ACAR Bounty Release Schedule

Thanks everyone for participating in the AlphaCar bounty campaign. The bounty is now finalized and will be released according to a 12-month schedule. On the 19th of each month from Oct 2018 to Sep 2019, the ACARs will be transferred to the bounty hunters' ETH wallet. The detailed schedule are listed in the following spreadsheet.

https://docs.google.com/spreadsheets/d/1u8uDGrtK2wAkPX0BbJpr5ZzzLA1Euw375i6b4sykyEM

Thanks,

The AlphaCar Team

Building a rideshare service on the blockchain, is this network safer?
Original Link：https://news.sina.com.cn/c/zj/2018-10-03/doc-ihkvrhps2656040.shtml

On the eve of the National Day holiday, a mobile app that is equipped with blockchain technology and focuses on ridesharing — the AlphaCar app, is launched on iOS and Android. Data from the AlphaCar rideshare platform shows that after only one week, more than 10,000 car owners have signed up, and users increase by 30% every day.

Unlike other network car companies, the number of orders a driver can take on the AlphaCar platform is strictly limited to a maximum of six orders per day. “Many so-called ridesharing platforms, the proportion of full-time drivers is very high. In order to pay the platform management fees and make a profit, they are desperately to take orders, so that they ar not much different from taxi drivers. This not only lost the original intention of part-time ridesharing, but also took up valuable road resources.” AlphaCar’s founder Bill Deng told the South+ reporter, that as a way to truly realize shared travel, the proportion of carpool is low, mainly because of insufficient incentives, resulting in unwillingness to do carpooling. There are relatively few drivers, which results in a low success rate for matching, forming a unhealthy circle.

The emergence of blockchain technology enables consumers to become owners of the company. At the same time, because the token based on blockchain technology is a digital tool of equity, which has a fixed amount and can be distributed at very low cost. This makes it possible to create a truly rideshare economy.

Rideshare platform companies such as Didi, etc., in the initial phase, use cash subsidies and other means to attract drivers. AlphaCar not only does not have cash subsidies, but also waives the traditional network car company’s main source of profit - platform fees. When the passenger pays the fare, the owner can choose to receive cash or an equivalent amount of ACAR, the platform token. This “trip mining” mechanism enables the owner and passenger to receive ACAR tokens from each shared trip, and share the profits of the Alpha platform. ACAR is a blockchain token that rewards users (including drivers and passengers) when using the AlphaCar service. The number of token is always 10 billion in total and cannot be increased.

In addition, the AlphaCar APP shows that 70% of its platform revenue (including value-added services such as auto insurance, maintenance and repair) will be distributed to all ACAR holders in cash, and the data will be disclosed daily. “The emergence of blockchain technology has made it possible for me to apply what I have learned. It also makes it possible to realize inclusive ownership and sharing at the enterprise level. The economic mechanism that only allowed dozens of people to participate in the trial application is now available to be applied in a trillion dollar market — ridesharing.” Bill Deng said. ACAR can be regarded as an encrypted digital warrant, representing the contribution and ownership of the owner in the community.

According to public information, AlphaCar is headquartered in in Zhangjiang Hightech Park, Shanghai. Its founder Bill Deng graduated from the University of Science and Technology of China and went to the United States to pursue a doctorate in economics. He studied under the father of experimental economics, Vernon Smith, 2002 Nobel laureate in economics and the originator of institutional economics, and Gordon Tullock, father of rent seeking economics. After returning to China, he served as the CIO of GAC Fiat Chrysler and Chery Group.

In September 2018, the Judicial Big Data issued by the Supreme People’s Court showed that in the course of ridesharing service, among the drivers of the network who was involved in the crime, the proportion of drivers with criminal record was 11.11%. The driver who had the criminal record of infringing the passengers is 14.29%, which nearly double the ratio of traditional taxis. The security of the network car service has become a major hidden danger in the industry.

According to Bill Deng, the AlphaCar platform also adopts double auditing and certification for passengers and drivers. The illegal behavior of any party in the service process is recorded by blockchain technology and cannot be eliminated. For the owner (driver), in addition to checking the validity of the three elements - the mobile phone number, name and identification card number, it also cooperates with the independent professional third-party information verification company in the industry to conduct background investigations, including the criminal record case, financial credit and so on. “Including whether there are frequent records of borrowing from loan sharks or loans that are not repaid. Generally, people with high financial risks have higher crime risks.” Deng Gang said, “The blockchain is a permanent record. If you do something bad, it will be recorded.” It is there, although we do not judge, but there is a great deterrent to bad behavior.”

“We don’t have venture capital’s gambling agreement and competition for entrepreneurs, and there is no platform to exploit the interests of users.” Bill Deng said that AlphaCar regards passengers and drivers as partners rather than opponents. The goal is to be the best rideshare platform.

AlphaCar Daily Operating Result Announcement 2018/10/04

Daily cash dividend：733,439.95 RMB

Total ACAR in-circulation：615,641,697.89 ACAR

ACAR price in APP：0.04 RMB

Cash dividend per ACAR：0.0012 RMB

Daily rate of return (cash dividend / ACAR price): 2.98%

Cumulative cash dividend per ACAR in the past 16 days: 0.0481 RMB

For more information please visit www.alphacar.io

AlphaCar Daily Operating Result Announcement 2018/9/20

Total cash dividend：14,437.50 RMB
Total ACAR in-circulation：2,333,696.90 Token
ACAR price in APP：0.02 RMB
Cash dividend per ACAR：0.0062 RMB
Daily rate of return (cash dividend / ACAR price): 30.93%


For more information please visit www.alphacar.io

AlphaCar Daily Operating Result Announcement 2018/9/19

Total cash dividend：1,778.78 RMB
Newly mined ACAR：127,127 ACAR Token
Total ACAR in-circulation：311,498 ACAR Token
ACAR price in APP：0.02 RMB
Cash dividend per ACAR：0.0057 RMB
Daily rate of return (cash dividend / ACAR price): 28.55%


For more information please visit www.alphacar.io

The AlphaCar App Android version will be launched on September 19, 2018 at 11:00am Beijing Time. Users can download it from Alpha's official website www.alphacario.com. After going online, users can get ACAR tokens rewards by taking a shared ride, buying car insurance and other activities. The ACAR price on the first day will be 0.02 RMB.

Before the Beta test launch, the number of ACAR tokens released to early supporters was 36,930,749. These ACARs can participate in the sharing of cash income from the AlphaCar App only after the number of ACARs mined is sufficient to cover these ACARs.

If you have any questions about AlphaCar or ACAR, please check out the AlphaCar White Paper or AlphaCar official website www.alphacar.io

According to a Roland Berger study, rideshare has great development prospects in China. It is expected that in 2018, from a national perspective, rideshare will continue to be a blue ocean market, and the overall supply is difficult to meet demand.

The rideshare market direct travel demand will increase rapidly from 8.16 million trips per day in 2015 up to 37 million trips per day in 2018. Correspondingly, the market size will increase from 66 billion RMB per year to 380 billion RMB per year. Further considering the potential replacement possibilities for rideshare to other modes of travel, Roland Berger predicts that the potential demand for rideshare is expected to reach 160 million trips per day in 2018, corresponding to a potential market capacity of 1.8 trillion RMB.

The demand outlook is very broad. From the comparison of supply and demand in the rideshare market, the demand of users is far greater than the actual supply of the market, and the development potential for enterprises is huge.

In view of this, AlphaCar aims to enter the China rideshare market, and subsequently become a major rideshare service provider worldwide.

For more information, please visit us at www.alphacar.io

According to a Roland Berger study, rideshare has great development prospects in China. It is expected that in 2018, from a national perspective, rideshare will continue to be a blue ocean market, and the overall supply is difficult to meet demand.

The rideshare market direct travel demand will increase rapidly from 8.16 million trips per day in 2015 up to 37 million trips per day in 2018. Correspondingly, the market size will increase from 66 billion RMB per year to 380 billion RMB per year. Further considering the potential replacement possibilities for rideshare to other modes of travel, Roland Berger predicts that the potential demand for rideshare is expected to reach 160 million trips per day in 2018, corresponding to a potential market capacity of 1.8 trillion RMB.

The demand outlook is very broad. From the comparison of supply and demand in the rideshare market, the demand of users is far greater than the actual supply of the market, and the development potential for enterprises is huge.

In view of this, AlphaCar aims to enter the China rideshare market, and subsequently become a major rideshare service provider worldwide.

For more information, please visit us at www.alphacar.io

AlphaCar is planning to offer rideshare services in late August or early September. By using the new version of the AlphaCar app, non-commercial drivers can pickup passengers who share a similar route, while sharing the travel cost. The passenger will pay 50–70% less than hiring a taxi or Uber/Didi driver. Both the driver and the passenger will receive ACAR token rewards.

Rideshare is a huge market globally but is also underserved. One reason is that the supply of vehicles and drivers are relatively few and cannot meet the travel demand. By granting proper incentives to the drivers, AlphaCar aims to encourage more car owners to become rideshare convenience providers, and subsequently reduce the travel cost and alleviate traffic congestion problems.

For more information, please visit us at www.alphacar.io

AlphaCar is planning to offer rideshare services in late August or early September. By using the new version of the AlphaCar app, non-commercial drivers can pickup passengers who share a similar route, while sharing the travel cost. The passenger will pay 50–70% less than hiring a taxi or Uber/Didi driver. Both the driver and the passenger will receive ACAR token rewards.

Rideshare is a huge market globally but is also underserved. One reason is that the supply of vehicles and drivers are relatively few and cannot meet the travel demand. By granting proper incentives to the drivers, AlphaCar aims to encourage more car owners to become rideshare convenience providers, and subsequently reduce the travel cost and alleviate traffic congestion problems.

For more information, please visit us at www.alphacar.io

AlphaCar will greatly reduce the cost of marketing and customer acquisition through information transparency and token incentives. It is expected to affect the market scale of nearly RMB 1 trillion.

AlphaCar will greatly reduce the cost of marketing and customer acquisition through information transparency and token incentives. It is expected to affect the market scale of nearly RMB 1 trillion.

When people join the AlphaCar community, they will be rewarded with ACAR. The ACAR they earn can be used to purchase various products and services in the ecosystem. Users automotive data and information can be recorded on the blockchain to increase vehicle information transparency.

As the community grow, ACAR will appreciate in value and community members will enjoy tremedous value appreciation. This will lead us to a better car life.

For more information, please visit us at www.alphacar.io

When people join the AlphaCar community, they will be rewarded with ACAR. The ACAR they earn can be used to purchase various products and services in the ecosystem. Users automotive data and information can be recorded on the blockchain to increase vehicle information transparency.

As the community grow, ACAR will appreciate in value and community members will enjoy tremedous value appreciation. This will lead us to a better car life.

For more information, please visit us at www.alphacar.io

The AlphaCar community is the essense of the AlphaCar Community Token Economy(CTE). The users are also stakeholders of the CTE.

Supporting the community is the AlphaCar data platform, which leverage IoV technology to provide insights into the service offerings that community members will enjoy.

The infrastructure supporting the CTE is the public blockchain and IPFS storage. The open platform also supports blockchain explorer and other DApps.

For more information, please visit us at https://alphacar.io

The AlphaCar community is the essense of the AlphaCar Community Token Economy(CTE). The users are also stakeholders of the CTE.

Supporting the community is the AlphaCar data platform, which leverage IoV technology to provide insights into the service offerings that community members will enjoy.

The infrastructure supporting the CTE is the public blockchain and IPFS storage. The open platform also supports blockchain explorer and other DApps.

For more information, please visit us at https://alphacar.io

Traditional car sharing are based on centralized corporations whose aim is to make a profit, whereas AlphaCar will develop a true sharing platform whose earnings will mostly be shared by users

The AlphaCar community follows the network effect. Its value is proportional to the square of the number of community members. This ever-increasing positive feedback mechanism will bring about rapid growth in the size of the community.

The paradigm shift process in this industry economy will have a huge wealth spillover effect, similar to the huge energy release during nuclear fusion.

The earlier people join and contribute to AlphaCar, the higher returns they receive, similar to the huge rewards that come with Bitcoin and Ethereum early participants.

For more information, please visit us at https://alphacar.io

The AlphaCar community follows the network effect. Its value is proportional to the square of the number of community members. This ever-increasing positive feedback mechanism will bring about rapid growth in the size of the community.

The paradigm shift process in this industry economy will have a huge wealth spillover effect, similar to the huge energy release during nuclear fusion.

The earlier people join and contribute to AlphaCar, the higher returns they receive, similar to the huge rewards that come with Bitcoin and Ethereum early participants.

For more information, please visit us at https://alphacar.io