Smart Payment

CBS token will be used as payment method for renting the bike.

In order to purchase CBS token, renter must purchase via ETH on cryptocurrencies exchanges. All token can be stored in CBS wallet which can be used to unlock the bike. In order to unlock the bike, first it first need to scan the QR code on the bike and send the token to CBS network. A unique QR code associated with that bike will be generated and renter will use it to unlock the bike. To lock the bike, simply lock and secured the bike. The 3G chip will send a request to smart contract and the deposit token will be refunded to the owner.

Token Distribution

5 %

of CBS will be sold in a pre-sale at a discounted rate to the token sale.

30.0 %

of CBS will be sold in the token sale.

32.5 %

of CBS will be reserved for the community to grow the network and reward contributors.

32.5 %

of CBS will be reserved by the company for growth and employee incentivization

Token Sale Details

Crypto Bike Token will first be sold in a Pre-Sale that opens to the public on
May 1st, 2018.

Prior to May 1st, 2018 tokens will be sold to individuals at a further discount (if interested please contact [email protected]). It is possible all CBS will be sold before May 1st, 2018 and there will not be a public pre-sale. The public pre-sale price will be approximately $0.03 per CBS. There will be a hard cap of $1,000,000 in the Pre-Sale and the Pre-Sale will remain open for at most 8 days. 12 The token sale will take place later in the year tentatively in November. There will be a soft cap of $10 million and a hard cap of $40 million. The token sale will run for at most 14 days. If the soft cap is reached the token sale will last for at most an additional 48 hours after which it will close

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