The Role of FLEX (TrustedCars)

FLEX is the token name for the cryptocurrency TrustedCars will be using on their platform as a means of exchange. Similar to how TRX is the currency to operate on TRON’s platform, FLEX will be the medium of exchange for dealers and customers on TrustedCars. While vehicle rentals will undergo their own independent valuation, presumably all transactions will be made using FLEX, thereby giving TrustedCars the benefits of cryptocurrency, including cheap and fast transactions, increased security, and a ledger of payments encoded on the blockchain.

While it’s unclear the sort of features that FLEX will offer by way of a standalone currency, the coin is likely to be used as an improvement over traditional credit/ACH payments. Traditional banks and card companies impose a fee upon merchants, in addition to having less than stellar security features. Given that TrustedCars is relying upon fast, user-initiated transactions for painless car rentals, it would make sense that the company is pursuing a cryptocurrency that offers similar features. While other cryptocurrencies have focused on the utility of the coin in question to entice investors to buy into the hype of future adoption, TrustedCars has established a product to fill a real world need, and then developed their currency to improve upon the business model. This gives an immediate legitimacy to the currency, assuming that the mobile application is able to launch and gain traction, while also providing incentive for users to buy and sell the currency.

ICO Bench rating — 4.7/5 https://icobench.com/ico/trustedcars-flex

Don’t forget to check whitepaper and register at: https://ico.trustedcars.com