An Extract of the AlphaCar Concept (Part II)
AlphaCar’s strategic allicance with AXA-TP Insurance and Chexiang
The AlphaCar token is an utility token to be used within the AlphaCar CTE to purchase goods and services. All CTE contributors will be rewarded with tokens and middle man is no longer needed.
The global automotive industry will be transformed from a typical lemon market to a 10 trillion dollar trustless market. This will result in an exponential decrease of transaction costs, and an exponential increase in efficiency.This paradigm shift will create an immense wealth creation effect, which is similar to the explosive energy created in a nuclear fusion. The earlier people or business join the CTE, the higher return they will get. Our goal is to make AlphaCar CTE valued at 1 trillion dollars in five to ten years.
All consumer and business members of the CTE will be able to enjoy trustless services such as car design sharing, R&D sharing, car sharing, UBI（Usage Based Insurance）, car trading, car maintenance and repair, and car financing.
UBI and private car sharing will be among the first round of services available to AlphaCar CTE members.
