Joltee is an AI-based mobile platform that brings together drivers, insurers, car manufacturers, public and private partners. Users will be able to rent a car at a reduced price directly from manufacturers with an attached insurance contract. Also, users will be able to track the development of their driving skills, with the improvement of which they will be able to rent more luxurious cars.
Business Model Overview Joltee (JOLT)
1. The validity of income
The project will receive income from the provision of services and the sale of goods on the platform. Users will be able to earn JOLT tokens using the mobile app while driving or improving their skills thanks to feedback from insurers and experts. Driving data will be collected using special devices that equip vehicles. Users will be able to use tokens to get discounts on insurance and rental vehicles.
The project has a limited number of tokens. A total of 1 500 000 000 JOLT tokens will be issued (p. 27 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 50%.
The provided flow chart shows the project goals until mid-2020 (p. 29 White Paper). After the ICO, developers will allocate funds as follows: 40% - “Financing the development of the platform”, 15% - “International expansion of the platform”, 30% - “Marketing”, 15% - “Operating expenses”.
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which reduces its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 500 000 and $ 20 000 000, respectively.
7. MVP availability
The project does not have a developed prototype.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token holders.