HELBIZ: The decentralized AirBnB for transportation, closes $5.5m presale and launches ICO backed by AlphaBit & Binary Financial
Helbiz launched its ICO the 15th of February with two of the largest crypto & digital asset fund AlphaBit and Binary Financial joining the project within the first day of its ICO.
Helbiz, and its proprietary smartphone lock technology, is bringing Uber convenience to the peer-to-peer car sharing market. It allows renters to rent and unlock any private vehicle on the platform directly from their phone and be driving within seconds of seeing a car, with full insurance. Helbiz further enables owners to rent out their vehicles without any need for communication or key exchanges. Helbiz is through a combination of blockchain and proprietary hardware able automate the entire rental process while solving the key issues of todays services necessary for car sharing to become an integrated part of our daily lives and reach mainstream adaptation.
Helbiz is launching its car sharing platform in Q2 of 2018 in Los Angeles.
The ICO token, HBZ is an ERC20 utility token aimed at all transportation services and will also be the preferred payment method on the Helbiz P2P platform. In 2018 the token will be able to be used within the entire Helbiz transportation network from its own car sharing, to 2000 yachts and 5000 planes through strategic partners Royal Yacht Brokers and Encore Jets. Funds raised via ICO and pre-ICO will mainly be used for product and business development; including initially installing the Helbiz lock and software in participating vehicles, onboarding car owners, users, and strategic corporate partners as well as securing partnerships with other blockchain players to increase token usability.
The Helbiz main ICO will involve the distribution of 480m tokens and will end March 4th.