Crypto Currency Coming Soon!!!
An incentivized, blockchain-based Reward Platform for the Automotive Enthusiasts. Invest, Exchange, and buy a Sports Car.
CarBuff.co is a Car Enthusiasts Website Blog. Which incorporate a blockchain database that supports community building and social interaction with cryptocurrency rewards. CarBuff.co combines ideas from social media with lessons learned from building cryptocurrencies communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects each person’s contribution. Also, endeavoring to expand in the Automotive Industry, using the CarBuff.co Fund.
Collectively, CarBuff.co aims to support social media and online communities by returning much of its value to the people by rewarding them with cryptocurrency, and through this process create a currency that can reach an Automotive Market, including people who have yet to participate in any cryptocurrency economy.
There are two key principles that have been used to guide the design of CarBuff.co. The most
important principle is that everyone who contributes to a venture should receive proportionate allocation ownership. This principle is the same principle that is applied to all startups as they allocate shares at founding and during successive funding rounds.
The second principle is to share with the community to where to purchase high value Vehicles to its members. This principle is exemplified by food co-ops, credit unions, and health sharing plans. Which serve the members of their community, rather than sell products or services to people outside the community.
CarBuff.co’s purposeful realignment of economic incentives has the potential to produce fairer and more inclusive results for everyone involved. A new venture in the Automotive Industry to be incorporating a cryptocurrency platform, in the social media community. This paper will explore the existing economic incentives and demonstrate how CarBuff.co’s incentives may result in better outcomes for most participants.
CarBuff.co is designed to address the major barriers to adoption and monetization of an automotive based economy. Our thesis is that the same techniques used to grow major social media platforms can be used to bootstrap a successful cryptocurrency system to the Auto enthusiasts.
Economic incentives enabled by cryptocurrency can dramatically facilitate the growth of a new social automotive reward platform. It is the interaction between cryptocurrency and social media that we believe may give CarBuff.co a powerful advantage in the automotive market.
The challenge faced by CarBuff.co is deriving an algorithm for scoring individual contributions that most community members consider to be a fair valuation of the subjective value of each involvement. In a perfect world, community members would cooperate to rate each other’s involvement and derive a fair return. In the real world, algorithms must be designed in such a way that they are resilient to intentional handling for profit. Any widespread abuse of the rewarding system could cause community associates to lose faith in the apparent fairness of the economic structure.
Ways to Contribute
This section outlines the ideas behind CarBuff.co and its rewards for people who provide meaningful and measurable contributions to the CarBuff.co community.
There are two ways a community can offer to attract capital: debt and ownership. Those who purchase proprietorship profit when the community grows but lose if the community shrinks.
Those who buy debt are guaranteed a certain amount of interest but also may lose any profits realized by the growth of the community. Both types of capital contributions are valuable to the growth of the community and value of its currency. Additionally, there are two ways ownership can be held: liquid and vesting. Vesting ownership makes a long-term commitment and cannot be sold for a minimum period, by the use of MasterNodes.
The CarBuff.co network calls this asset CarBuff.co Funds (CBFF).
CarBuff.co is the fundamental unit of account on the CarBuff.co blockchain. All other tokens derive their value from the value of Bitcoin. Generally speaking CarBuff.co Funds (CBFF), should be held for short periods of time when liquidity is needed. It’s also needed to have long term investments to keep the value of the coin at bay. Someone looking to enter or exit the CBFF platform will have to buy or sell CBFF. Once CBFF has been Invested, Exchanged, then buy a desired Sports Car or a desired automobile of their choosing or any vehicle upgrades.
Start-up businesses require long term capital obligation. Those who finance their coinage in a start-up expect to wait years before they can sell their shares and realize their profits.
Without long-term commitment, a startup seeking to raise additional capital through the sale of additional shares would be competing with existing shareholders looking to exit.
Savvy investors want their capital contributions to grow the company, but growth cannot happen if the new capital is given away to those looking to exit.
There is significant value to having long-term commitment because it enables communities to make long-term plans. Long term commitment of stakeholders also causes them to vote for long-term development, rather than short-term pumps. In the cryptocurrency space, speculators jump from cryptocurrency to cryptocurrency based mostly on which one is expected to have short-term growth. CarBuff.co wants to build a community that is mostly owned and entirely controlled by those with a long-term perspective, with short term purchases of their choosing. CarBuff.co wants to encourage long-term growth, it is hardwired to allocate a Master Node set at 25K stakeholders.
Solidity is an important feature of a successful global economies. Without the stability, individuals across the world could not have low cognitive costs while engaging in commerce and savings. Because solidity is an important feature of successful economies. CarBuff.co Funds are created by a mechanism, like convertible notes, which are often used to fund startups. In the startup world, convertible notes are short-term debt instruments that can be converted to ownership at a rate determined in the future, typically during a future funding round. A blockchain based token can be viewed as ownership in the community whereas a convertible note can be viewed as a debt denominated in any other commodity or currency. The terms of the convertible note allow the holder to convert to the backing token with a minimum notice at the fair market price of the token. Creating token-convertible-Funds enables blockchains to grow their network effect while maximizing the return for token holders.
Performance and Scalability
Allocation & Supply:
Max Funds: 85,000,000
Block time (mins): 1
Block reward: 55
Reward halving: 770,000
Premine blocks: 1
Premine reward: 2,000,000 Start-up developments
Master Node set at 25,000
MN Reward model: miners 45%
EternityNode holders 45%
Development of the project 10%
CarBuff.co is an experiment designed to address challenges in the cryptocurrency and social media industries by combining the best aspects from both. CarBuff.co presents earning opportunities to content creators and internet readers in ways that have not existed within the social media industry. Within CarBuff.co, individuals earn real rewards online that are directly correlated to their contributions. Those rewards will have dollar value due to the market price discovery and liquidity of CarBuff.co, and the people who hold CarBuff.co will have more exclusive earning powers than those who do not. Here is a Video simplifies the meaning behind Cryptocurrencies, https://youtu.be/E4hC3rqBxzs