VLB Tokens is a utility token based on Ethereums ERC20 protocol. VLB Tokens will be used by insurance companies, auto lenders, auto dealers, repair shops, OEMs and car buyers to access and record transactions in the Vehicle Lifecycle Blockchain.
- car owners (either a “Non-Paying Participant” or a “Paying Participant” when buying vehicles)
- corporate vehicle fleet management companies (either a “Non-Paying Participant” or a “Paying Participant” when buying vehicles)
- auto repair shops (“Paying Participant”)
- spare parts producers (OEMs) and distributors (“Paying Participant”)
- vehicle manufacturers (“Paying Participant”)
- insurance companies (“Paying Participant”)
- auto lenders (“Paying Participant”)
- government institutions that maintain ownership records and regulate emission levels and other technical requirements (“Non-Paying Participant”)
We will deploy the blockchain and attain decentralization in two stages. During Step 1 of blockchain deployment, CarFix will act as a developer to ensure that the critical mass of blockchain users is reached before advancing to Step 2 when the blockchain will be adopted beyond the CarFix ecosystem. See the White Paper for details.
Utility tokens are “keys” to unlock access to services based on blockchain technology. For example, utility tokens can be used to record transactions in a blockchain, or to obtain access to software, or to procure a product or a service that the utility tokens were sold to develop and build.
Utility tokens are distinctly different from crypto currency tokens and security tokens.
Crypto currency tokens are digital currencies like Bitcoin in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.
Security tokens represent sets of rights that holders obtain to shares of a business, cash flow streams from a project or a predetermined return profile from a structured instrument and other means of participation in the token promoter’s business activities. According to the US SEC, any token that can’t pass the Howey test should be considered as a security under the 1934 Security Exchange Act.
The fundamental economic difference between the tokens is the level of regulation that may be imposed on them by regulators in various countries around the world.
Utility tokens that provide “rights to access or license the system [and] to use the system and its outputs should not meet the definition of security” (Security Law Analysis of Blockchain Tokens, Debevois & Plimpton, December 5, 2016).
check out the video below to fully understand how VLB Token works, a fantastic idea.
The VLB token is offering to those who can not invest and meets the requirements, the possibility of acquiring tokens doing simple tasks for free. Check out the bounty thread on bitcoin talk:
The VLB Team is offering several bounties for help with promoting their project. The Bounty campaign will last from Nov 6th-Dec 18th and will include several opportunities for you to earn some tokens. Tho bounties are split into 5 different categories which include:
- If you disclose the potential bugs/threats to public you will be disqualified and receive no remuneration
- Threat level will be determined by our experts upon your submission
- Only the first submission in relation to a particular threat would be remunerated
VLB will reward experienced writers, who would create and publish articles, news items, reviews and other written content about project, including information about the token sale and/or guides for the prospective buyers. Such materials should be published in personal blogs, web sites, forums or other online medium. VLB will also reward video producers, who would create and publish quality video reviews, presentations or blogs about project and the token sale
This will be split into multiple sections. Videos, blogs, Reddit and other social media outlets.
Youtube Videos Rules
Post all links to blogs and videos in this thread. The videos and blogs I deem are quality will be added to the spreadsheet. Links to all spreadsheets will be found below
- Your account should be at least 30 days old and have 10 posts or comment karma
- Posts and Comments with negative Karma will not be accepted. Any kind of spam will not be rewarded either
- Links to your posts must be in this thread
Earn Tokens as a Reward for translating Bitcointalk thread of VLB and moderation (translating new posts/news)
- Translation should represent original work. Using Google Translate/other online translators is not allowed. Participants using such translators will be disqualified
- There can be reserved only one translation per one participant
- Applications for the translations to multiple languages will not be accepted
ANN THREAD: https://bitcointalk.org/index.php?topic=2325725
Bounty Thread: https://bitcointalk.org/index.php?topic=2363994
Airdrop Thread [CLOSED]: https://bitcointalk.org/index.php?topic=2415584.0