BitCar to Hand Out Gift Vouchers at the Blockchain for Business Summit for Attendees to Fractionally Own a Ferrari 599 GTO

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LONDON, June 11, 2019 /PRNewswire-PRWeb/ — BitCar, a high-tech platform and real asset tokenization software enabling users to trade actual fractions of rare and exotic collectable cars, announces it will be handing out gift vouchers at the Blockchain for Business Summit on June 12th and 13th during London Tech Week. Attendees can chance their hand by stopping by the BitCar silver sponsored booth to get their hands on gift vouchers to own part of a 599 GTO. Each gift voucher has a unique redeem code for twenty dollar’s worth of the GTO. To redeem, attendees should register on the platform and then go to the redeem link. If they also buy some car tokens before redemption they will be gifted an additional twenty-dollar’s worth.

Bitcar’s Gov van Ek will also be speaking on a panel at the event, debating the costs versus the benefits of blockchain in business alongside thoughts leaders including Jonny Voon of Innovate UK, Dora Matheidesz of HSBC, and Mitesh Savjani.

Gov van Ek said of the panel topic, “Blockchain is an incredibly innovative technology, but it’s not a solution for everything. It’s important for any entrepreneur considering developing a blockchain application to understand the problems that the technology is best-suited to address before pouring time and resources into their project.”

Having recently announced its mainnet launch on May 6th starting with the Ferrari 599 GTO on the Ethereum public network, BitCar plans to list only the rarest and finest models from marques such as Lamborghini, Ferrari, and Bugatti. Using a dual token model, BitCar’s CAR tokens are records of the acquired or traded fractional ownership in the form of digital receipts used by the platform. As a real-world, asset-backed stablecoin, BitCar provides holders with stability in a volatile market. BitCar’s utility token (BITCAR) is needed to access the platform, pay for fractions of cars, as well as to vote on day-to-day decisions with regards to the cars.

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About BitCar:
BitCar Platform is a live peer-to-peer trading platform that enables fractional ownership of Exotics (rare and exotic hyper, super and classic cars). Once an asset only available to the wealthy, BitCar enables anyone to own a piece of an exotic car through proof-of-ownership tokens that can be traded on BitCar’s decentralized platform. By leveraging blockchain technology and a dual-token system comprised of CAR asset tokens (or “Car Coins”) and the BITCAR utility cryptocurrency tokens, BitCar allows fast, private, low-cost trading 24 hours a day, 7 days a week. Because CAR tokens are backed by real, high-performing assets, the stablecoin offers much-needed predictability in a volatile crypto landscape.

Notes to Editors:
1. Disclaimer: Exotic car values can go up or down and past performance is no reflection of future prices. The BitCar platform will be closed in certain jurisdictions including the USA, Portugal, Singapore and Australia.