On the afternoon of 18 October, YUTU officially announced that the smart onboard device, namely Ytminers, were officially ready for mass production. Micheal Huang, YUTU’s spokesman said that YUTU, together with CarLive Chain, Silicon Fusion, Alitoken Foundation, IOV Capital and other companies have initiated the “CarLive Chain Global Distributor Plan” in an attempt to build the world’s biggest connected-car ecosystem.
Accordingly resources, the plan is closely associated with YTminer’s mass production. YTminers are the world’s first blockchain chip driven smart onboard device. It can provide a range of services including vehicle checking, location tracking, roadside assistance, social networking, mining and other functions. According to Micheal, 2000 units of YTminers were sold out in September within 5 hours during the pre-order. The mass production for this time is a preparation for the high demand across China, especially for second and third tier cities.
(YTminers Series)
YUTU and CarLive Chain suggest that this plan will allow CarLive Chain supporters to participate in building the world's largest connected-car blockchain consensus community in an in-depth manner and promote green lifestyle.
In order to encourage more people to take part in the plan, CarLive Chain and YUTU provide big bonuses to the distributors. Firstly, distributors can enjoy up to 30% of the commission fee according to their sales results. At the same time, as the YTminers can be used to gain IOV tokens, the distributors of the miners can receive IOV tokens proportionately for ten years. The IOV tokens can be used to buy services from CarLive Chain. For ambitious distributors, YUTU Growth fund will be provided for them to receive professional training.
We believe that all these events and plans will make CarLive Chain ecosystem more complete. With CarLive Chain’s projects landing in the future, it will empower community members, car users, distributors and maintenance providers and other roles with more value and IOV’s value will be recognized by a wider audience.
