HireGo ICO Review HireGo is essentially a decentralized P2P market that allows users to rent their vehicles in unreliable and secure environments. Simplicity and security are top priorities for HireGo.
Also, read Bidium ICO Review
What is HireGo ICO?
Payments are made in advance and assist in the deposit contract on the Ethereum chain. HireGo Ltd a UK based Tech Company working in partnership with San Francisco based Origin Protocol is building the world’s first peer to peer vehicle-hire and vehicle sharing platform built on Block Chain Technology. By leveraging the Block Chain and IoT technology HireGo is accelerating the transition to decentralized vehicle hire and vehicle sharing which is the future of vehicle ownership.
HireGo Token – HGO Price, Specification
HireGo Token (HGO) is the currency in the app and any exchange rate in the HireGo market will be created using this token. HGO complies with the ERC20 standard and a total of 100,000 cards will be created, 60% of which will be available for ICO. Tokens will be available for purchase on existing electronic money trading platforms and HireGo will also provide an HUA-fibre portal to facilitate the exchange of national currencies.ICO begins on March 4, 2018 with a base value of 1HGO to 0, 00025 ETH (1 ETH = 4,000 HGO). ICO hard hat is 11,836 ETH. The distribution of tokens will be as follows:
- 60% of the card will be issued to ICO.
- 7% is provided for Early Bird application for birds.
- 15% for founders
- 10% out to team.
- 8% for legal services, consulting, and other third parties.
Details of HireGo Distribution Token
- 60% ICO
- 5% Initial App HireGo
- 15% Founder
- 10% Team
- 10% ICO organizations, bounties, legal fees and mergers, payment for advisors, third party services
- Token locked for 6 months from end of ICO to founders and team.
Working Module of HireGo
HireGo only covers the costs associated with running the app, thus making it a completely decentralized app.HireGo peer to peer vehicle hire and vehicle share aims to disrupt the $90billion vehiclehire industry by providing a safe, user-orientated decentralised platform. HireGo has an experienced and skilled UK based team and is supported by expert Block Chain and smart contract advisors.
HireGo is setting the standard, being the first to create a working vehicle hire DApp MVP on the Ethereum testnet.
Smart contract– Using contract codes that run on the Ethereum network eliminates the need for intermediaries and allows users to commit untrustworthy rental transactions.
Insurance– The market will provide different insurance options for users to be provided by trusted industry partners. It gives users peace of mind by protecting them from financial costs incurred by collisions or unexpected damage.
Ready IoT– When the vehicle becomes IoT ready, future versions of the ThuêGo contract will allow physical access to the vehicle governed by possession of the required tokens.
Future and With HireGo
The decline of traditional vehicle ownership has already begun as more people are switching to vehicle-sharing. Increasing vehicle purchase and maintenance costs, worsening traffic and pollution, and a lack of parking spaces are important factors for the continuation of this trend. By decentralizing vehicle sharing we are making it more accessible, safe and convenient than ever before.
|Luqman Hussain||Managing Director / Blockchain Expert||in|
|Adil Bashir||Operations Director / Industry Analyst||in|
|Luke Mitchell||Smart Contracts Developer||in|
|Nyugen Anh Quang||Marketing||in|
|Andrew Edginton||Data Guru||in|
|Ishan Fernando||Full Stack Developer||in|
|Shakil Hussain||UX/UI Designer|