Carnomaly is unlike other crypto projects and unlike other auto trading platforms. We are here to create a bilateral platform between both the crypto and the automotive industries. We will do so by providing investors, consumers and dealers with the best digital automotive trading solution on the market. With Carnomaly, every group wins from those crypto-wise investors interested in the rebate program, to the consumer looking for a local used car, to the dealer searching for their next sale.
THE PROBLEM
In 2018, the United States automotive industry reached a little over 1 Trillion dollars in new vehicle sales and 116 Billion in parts and service. Advertising has averaged 9.5 billion dollars for the last 3 years with 56.3% from online marketing. Today consumers use third party websites to research and shop for their next purchase. These 3rd party websites limit the way consumers shop for a vehicle as they only focus is on one thing, “price”. These 3rd party sites make their money solely on charging dealers monthly fees to list their inventory. Over the last 5 years, the monthly fees for dealers to list inventory has increased to thousands, even tens of thousands of dollars per month. In todays world, consumers want options, so why not provide options for how they can shop for their next vehicle while keeping the cost down for dealers.
Due to the abundance of information available online, dealers have become more transparent for the consumer in order to get them into their showroom. In order to do so, they must be very aggressive with their pricing on these 3rd party websites. Over the last decade, this cycle has driven profit margins lower and lower for vehicle sales and has allowed the 3rd party sites to control the market. Due to the high monthly fees of these 3rd party websites, dealers must make up the difference somewhere, chancing a poor customer experience for the sake of making up the loss in price.
With the current outdated online automotive model there are several opportunities for improvement. In our research, we have found that most of the top online platforms have no real “in-dealership” experience on their executive teams. Throughout our teams 25+ years working in the dealership, we have experienced the frustrations and lack of direction that consumers get with the current online model. Carnomaly will be addressing these issues for both, the consumer and the dealer. We will be launching a digital online platform that that will be far superior than the competition. Our goal is to provide an easy-to-navigate platform that helps consumers search for a vehicle and dealers to control costs, allowing the dealer to pass the savings onto the consumer. Carnomaly’s goal is to provide a win-win for both parties involved.
THE CARNOMALY SOLUTION
Carnomaly will be the most advanced online digital platform in the automotive market. Consumers will have multiple ways to shop for a vehicle. No longer will they just be able to use the standard matrix’s that the current platforms have with just price and miles. Consumers will have new ways to shop and Carnomaly will provide them with the options needed to make an informed decision before even stepping onto the showroom floor. Carnomaly will serve 2 markets, consumers and dealers. These features will make for an easier buying experience and will allow the 30,000+ franchise and private dealers the opportunity to get in front of these customers. For the dealers, we will address the cost and inventory issues they currently have while helping them accept cryptocurrency as payment.
WHAT IS CARNOMALY?
This is a good question. Coming up with a name for a project is very difficult because it needs to define you in one word. So the first part of the name is just what is says “Car”, we are an automotive crypt project so that part was easy. However coming up with the rest of the name was a little more challenging. We knew we wanted to be different and unique in our own way, like an anomaly. So this is how the name Carnomaly was born.
So now how do we make sure we live up to the name that we have chosen? Well we do this by bridging the automotive industry into the crypto world by offering the first ever crypto automotive rebate platform. Carnomaly will give people the ability to earn a crypto rebate back for buying an automobile, new or used anywhere in the world. On top of that Carnomaly will build the most innovative online automotive marketplace with the largest network of dealers worldwide. Imagine being able to have a vehicle brought to your work so you can see it and having your current car appraised at the same time. Imagine being able to pay your down payment with bitcoin. Imagine getting an additional rebate on top of the already great deal you received.
These are just a few of the things that Carnomaly will bring to the online marketplace.
THE CURRENT ISSUES
The automotive industry is one of the most profitable and influential industries in the world. Not only does it affect car sales, but it also touches many other industries such as technology, national resources, fossil fuels, financial institutions, common laborers (mechanics and engineers), advertising and local economies in areas where these industries exist.
Carnomaly sees a need to correct the issues plaguing the current online automotive trading industry, including:
• Undervalued trades
• High interest rates
• Overpaying for vehicles
• A confusing buying process, and more.
THE FUTURE OF CARNOMALY
Carnomaly will become the first company ever to offer a worldwide rebate for an automotive purchase. Both new and used vehicles will apply, as long as they are purchased from a verified legal dealer anywhere in the world. Upon completion of our consumer platform, Carnomaly will begin buying back tokens to replenish the rebates for years to come. The proceeds from the consumer platform is what Carnomaly will use to purchase back tokens that are on the open market.
HOW IT WORKS
The Carnomaly automotive rebate was created to allow consumers who purchase new and pre-owned vehicles the opportunity to save more money when purchasing from an authorized automotive dealership.
Consumers who hold CARR tokens will be placed into tiers which will allow certain benefits based on tokens held. The more tokens held, the higher the tier, the better the rebate is. Consumers will be able to get a max of a 30% rebate, which will be given in CARR tokens that must be sold on the marketplace for redemption. Along with the rebates, the tiers will also have additional benefits such as multiple purchases a year allowed for rebates, a Carnomaly Automotive retail representative to help users shop, and gifting your rebate to a friend or family member.
EXPLANATION OF CONSUMER AND DEALER PORTALS
Carnomaly will be the most advanced online digital platform in the automotive market. Consumers will have multiple ways to shop for a vehicle. No longer will they just be able to use the standard matrix’s that the current platforms have with just price and miles. Consumers will have new ways to shop and Carnomaly will provide them with the options needed to make an informed decision before even stepping onto the showroom floor. Carnomaly will serve 2 markets, consumers and dealers. These features will make for an easier buying experience and will allow the 30,000+ franchise and private dealers the opportunity to get in front of these customers. For the dealers, we will address the cost and inventory issues they currently have while helping them accept cryptocurrency as payment.
FOR THE CONSUMER
- NEW WAYS TO SEARCH FOR THAT PERFECT VEHICLE
- SECRET SHOPPING" TO COMBAT SOLICITATION
- SEE CURRENT MARKET VALUES OF USED CARS ON A SLIDING SCALE
- GUIDED PROCESS TO LIST YOUR CAR CORRECTLY AND AT THE RIGHT PRICE
FOR THE DEALER
- LOWER USE FEES THAN INDUSTRY STANDARDS
- ORE FEATURES
- DEALER TO DEALER AUCTION NETWORK
- SIMMPLIFIED AUCTION PROCESS WITH SHIPPING OPTIONS WITHIN APP
- DEALERS CAN SHOP SILENTLY BID ON PRIVATE SALES
AUTOMOTIVE TRADING PLATFORM
V E H I C L E A U C T I O N H O U S E S : C O M P E T I T I V E L A N D S C A P E :
Dealers also currently face issues when getting rid of unsold or unwanted inventory. The primary method aside from retailing is sending these vehicles to local auction houses. At the moment there are two major players in the auctions business and Carnomaly plans on becoming a third.
These two auction houses benefit from global reach and strong brand recognition within the industry:
- Manheim Auto Auction
- Registers 7 million vehicles to be auctioned each year worldwide Annual revenue for 2018 was $3 billion worldwide Established in 1945
- ADESA Auto Auction
- Registered 5.5 million vehicles in 2017 worldwide Estimated revenue for 2018 is $164.2 million Established in 1989
REBATE REDEMPTION
In order for members to redeem their CARR tokens and receive a full rebate, they must complete the following steps:
In order for members to redeem their CARR tokens and receive a full rebate, they must complete the following steps:
Step 1:
Members must have signed up through the Carnomaly.io site and completed the KYC verification.
Step 2:
After becoming a member, users can go to an exchange where CARR tokens are sold and purchase them from that exchange.
Step 3:
Once CARR tokens are purchased on the exchange, tokens will need to be transferred to the registered MEW wallet that was set up when registering for the Carnomaly.io site. Once tokens are in the registered MEW wallet, they can then be transferred to the Carnomaly.io platform to begin the redemption process. *Tokens must be on the Carnomaly.io platform for one business day before users can apply them towards automotive purchase.
Step 4:
Members can complete an automotive purchase. The purchase must come from a registered dealership anywhere in the world.
Step 5:
Upload purchase documentation. Documents must be uploaded within 5 business days from the date of purchase
PRACTICAL INFORMATION ON IEO
Carnomaly will have 3 separate IEO’s on some of the toke cryptocurrency exchanges. The first IEO sale will be launching in January, 2020. There will be 150,000,000 “CARR” tokens offered in the IEO sales. Carnomaly is dedicated to listing on some of the top exchanges with the highest liquidity to insure stability and insure token holders a long stable price. Carnomaly will also lock company funds for 90 days once the final IEO sale has concluded.
MEMBERSHIP TERMS
- Each token holder must register on www.carnomaly.io to be eligible for rebates and member benefits.
- Carnomaly employees are not eligible for member benefits.
- Must be 18 years or older to be a Carnomaly member.
- Only one member per household.
- All vehicle rebates will be paid in Carnomaly Tokens on Carnomaly.io after purchase documents have been submitted and verified.
- Each household will be limited on the number of vehicle rebates allowed each year based on the membership tier.
- The rebate amount will be calculated based on the number of tokens held by the member, the multiplier their tier qualifies for, and the percentage their tier qualifies for.
- The maximum rebate is based on the maximum purchase price of the member’s tier.
MEMBERSHIP
Membership will be offered to those early crypto investors who purchase CARR tokens from an open online exchange.Details surrounding membership and its benefits are outlined below:
TIER 1 :
1 to 35,000 Tokens
TIER 2 :
TIER 2 :
35,001 to 75,000 Tokens
TIER 3 :
TIER 3 :
75,001 to 150,000 Tokens
TOKENOMICS
Carnomaly will use the Ethereum network and its ERC-20 smart contract to host the CARR token. ERC-20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto wallet. The primary functionality of the CARR token is to allow token holders to earn rebates on automotive purchases worldwide by registering on the Carnomaly.io rebate platform. Carnomaly has allocated 56 percent of the token supply to the CARR rebate ecosystem. Utilizing only the Ethereum network will make it easy to analyze how many tokens each member is holding and what level of membership each member has achieved. The total market supply of the CARR token is 530,000,000. This is the permanent market supply and no more tokens can be minted. The CARR token was created by mywish.io.
TOTAL SUPPLY: 530,000,000 CARR Max possible emission of tokens, no more tokens can be minted
- 9.43%: CARNOMALY LLC
- 0.94% : C A R N O M A L Y BOUNTY
- 4.72%: C A R N O M A L Y PRIVATE SALE
- 56.60%: C A R N O M A L Y R E B A T E TOKENS
- 28.30%: C A R N O M A L Y PUBLIC SALE
USE OF FUNDS
- 5 %: RESERVES
- 10%: LEGAL
- 15%: O P E R A T I O N S & EXPENSES
- 20%: ADVERTISING
- 50%: D E V E L O P M E N T O F C A R N O M A L Y A U T O M O T I V E P L A T F O R M AND AVB
PROJECTED PROFITS
2020
YEARLY SALES: $18,000,000.00
NET PROFIT: $ 9,450,000.00
2021
YEARLY SALES: $45,000,000.00
NET PROFIT: $23,625,000.00
2022
YEARLY SALES: $81,000,000.00
NET PROFIT: $42,525,000.00
ROADMAP
OVERALL GOAL
Carnomaly will become the first company ever to offer a worldwide rebate for an automotive purchase. Both new and used vehicles will apply, as long as they are purchased from a verified legal dealer anywhere in the world. Upon completion of our conusmer platform, Carnomaly will begin buying back tokens to replenish the rebates for years to come. The proceeds from the consumer platform is what Carnomaly will use to purchase back tokens that are on the open market.
Q4 - 2019
- Launch rebate token platform
- Publish Whitepaper
- Complete Utility Token filing with SEC
- Final Round of Private Sale
- 1st round of IEO
- Begin Digital Marketing Campaign
Q1 - 2020
- Complete round 2/3 of IEO
- Begin Development of AVB (Advanced Vehicle Blockchain)
- Token Air Drop After IEO is complete
- Open consumer access to Rebate Portal to allow sign ups
- Increase Digital Marketing Campaign
Q2 - 2020
- Carnomaly Rebates Begin
- Launch Beta versions of Carnomaly Dealer Site
- AVB launches
Q3 - 2020
- Full version of Dealer Site Launches
- Begin Signing up Dealers
- Profits from Dealer Fees are put back into the Token Platform to buy back tokens to refuel the rebates.
Q4 - 2020
- Carnomaly will continue to grow and implement new ideas and solutions into the online automotive marketplace.
- https://carnomaly.io/
- https://www.facebook.com/Carnomaly/
- https://twitter.com/carnomaly
- https://t.me/joinchat/EBeDVhdKmLMgXQ9SUHRguA
- https://www.youtube.com/channel/UCJ-KbtcHopLGt2C4KXwZJpA
AUTHOR
Bitcointalk Username: Dewi08
Telegram Username: @ dhewio8
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B
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