PART 1
Question 1. Can you tell us the motivation and benefits for investors to hold ROAD token long term? What plans do you have to help drive demand and scarcity for the token? u/lacai1 (Telegram username)
Aaron: The development of any project is a process of long-term planning and continuous breakthrough, and there is no overnight success. The advantage of ROAD is that it has strong circulation capabilities in a real application and can effectively support the price of the secondary market. And with the commercial development of ROAD, more and more commercial users will be token holders, and ROAD tokens will become increasingly scarce.
Question 2. ROAD is constantly finding new big partners. Audience is constantly growing. What’s the secret to this growth rate? u/duongpungu (Telegram username)
Aaron: At the beginning of the project, the team has designed a scientific economic model for the entire token system. 70% of the total ROAD token will be produced and distributed in the ecosystem for people to make a contribution to the ecosystem. The owner of the software, hardware, and the auto repair shop, etc. will become token holder. This opened up incremental markets for the project. In addition to trading on the exchange, ROAD token can be used directly in car washing and maintenance, insurance, rescue, and other scenarios.
While people want to use blockchain to empower industries, ROAD willing to try a more robust development that is the industry as a financial backing, to make ROAD a long term blockchain project.
Question 3. Where do you see your ROAD product actually used for solving the real world problem? u/duongpungu (Telegram username)
Aaron: ROAD is an application-oriented project and a business-driven project. All ROAD products are dedicated to solving real problems in life. For example, the two-month’ OBD device packaging test ended last month, with a total of 15 auto repair shops and 100 vehicle owners joined this test.
Within two months, our device helped 31 car owners，solved 46 safety issues. Meanwhile, due to the real-time networking of the fault alarm system and the auto repair shop management system, the auto repair shop owner provided just in time services to the car owners and also helped the auto repair shop with an additional 16,832 RMB income. Within two months, our device helped 31 car owners，solved 46 safety issues. Meanwhile, due to the real-time networking of the fault alarm system and the auto repair shop management system, the auto repair shop owner provided just in time services to the car owners and also helped the auto repair shop with an additional 16,832 RMB income
Question 4. With many blockchain projects and cryptocurrencies out there, what do you think will distinguish the ones that create true impact? u/dngo8644 (Telegram username)
Aaron: I will using three aspects to evaluate it:
First, Industry. Technology ultimately serves the industry, and the characteristics of the industry determine whether it is appropriate to use blockchain technology.
Second Token circulation mechanism. Token not only to achieve online circulation, it is more important to offline application scenarios, which makes token really valuable.
Third, Team. Whether the information of the project founder and main team members can be found in public.
The above three points determine the prospects, potential and credibility of this project.
Question 5. What consensus algorithm does ROAD use and how was it selected? What’s being done to ensure price stability and drive global adoption at all levels? u/alang_nga (Telegram username)
Aaron: ROAD uses the POS+POW consensus, which corresponds to car data. POS is mainly used to stimulate vehicle static data, such as license plate, VIN code, vehicle model, color, configuration, etc.; POW is mainly used to stimulate vehicle dynamic data, such as fuel consumption, fault information, maintenance records, trading information and so on. ROAD has a very strong circulation path in the real application that makes ROAD value very steady.
PART 2
Question 1. ROAD technology was born to solve what problems? Is your market really potential?
Aaron: Of course, ROAD’s potential is huge. ROAD aims to reconstruct the IoV industry, with 1.3 billion cars out there. ROAD can rebuild the interaction and connection between cars, human and traffic infrastruction.
Question 2. What is the importance of the community for ROAD?
Aaron: Community is very important for any blockchain project, for ROAD is also true. ROAD’s economic model is based on community. ROAD’s 70% token is generated and distributed in the ecosystem, the car owners, repair shop can be the token holders, because ROAD helps them solve problems.
Question 3. Which countries that ROAD could apply products for the first time to improve mass adoption? How about Vietnam?
Aaron: Currently ROAD’s product applied in China, but we have the capacity to apply these products to the global market, Vietnam is also a market that we are considering. We are docking with a Car manufacturer which its main market is in Vietnam.
Question 4. Vietnam is a developing country, the number of car owners is increasing, and so does this market have potential for ROAD? What will you do first when you come to Vietnam?
Aaron: ROAD is reaching on Vietnam market. We plan to build a management system for a bunch of vehicles like trucks in group, to support the construction of Vietnam.
Question 5. How will ROAD choose companies for cooperation in the future?
Aaron: Car manufacturers, aftermarket service provider, and blockchain Technology Company and other good partners that can help ROAD ecosystem.
PART 3
Question 1. What consensus algorithm does ROAD use?
Answer: POS+POW consensus
Question 2. Which exchanges does ROAD currently trade?
Answer: OKEx, KUCOIN and list on MXC soon
Question 3. What’s ROAD official telegram group?
Answer: https://t.me/Roadpro_Official
Question 4. What’s ROAD official Website?
Answer: https://roadpro.io/
Question 5. What’s the total supply of ROAD token?
Answer: 2 billion
ROAD Foundation
25/2/2020
