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DOVU – a circular economy for the transport and mobility sector

The transport sector knows where it wants to go with real time data and smart technology but doesn’t know how to get there. DOVU is the missing piece of the puzzle – a circular economy for the transport and mobility sector by creating an unprecedented value exchange between regular consumers and those that benefit from their data. The DOVU Protocol empowers ‘data owners’ (individuals, organisations, IoT devices – any source of data) to control access to the data shared, whilst receiving value of the use of that data in return – in the form of DOV Tokens. These tokens then feed back into the ecosystem through mobility related transactions, be that offsetting the cost of a car, fuel for that car, paying for a flight, or just riding the bus. Their Protocol facilitates and encourages development of an infinite number of mobility related dApps, detailing data interchange and attribution of value. Based on Ethereum, the DOV token is used for transactions within these dApps. The potential for dApp’s built on the platform is boundless, using DOVU’s economy to create previously impossible mobility services.

CIRCULAR ECONOMY FOR MOBILITY

Companies such as Uber or Airbnb are often cited as examples of the sharing economy, but it could be argued that they are not exactly because they are centralised. A true sharing economy is one in which individuals and companies are empowered by technology to share
their data and—if they wish—receive payment for it. Because blockchain can verify value contributed independently, whether you are a corporate or an individual, the DOVU Protocol empowers everybody to be fairly rewarded for their contribution to the mobility ecosystem. This transforms 1:1 relationships to many:many.

DOVU PROTOCOL

The DOVU Protocol empowers ‘data owners’ (individuals, organisations and even IoT devices – any source of data) to control access to the data shared, whilst receiving value from future profits of the use of that data in return – in the form of DOV Tokens. ‘Data providers’ (those that create APIs to resell data) can define Smart Contracts to set conditions of use and the level of reward they are willing to offer to data owners, whilst data owners forever retain control to cancel the contracts, change and revoke permissions. This is a paradigm shift away from blanket acceptance of traditional terms and privacy policies, granting large organisations the permission to use and resell data without few, if any, controls on its use, and with little recourse or cancellation if abused.

THE DOVU ECOSYSTEM

BLOCKCHAIN POWERED REWARDS

Rewarding stakeholders is transformed by blockchain technology. Whether you’re working on connected cars, public transport, or autonomous vehicles, the DOV token facilitates a new transfer of value.

EARN REWARDS

Individuals can positively impact the future of their cities. For example, by sharing connected car data or altering driving behaviour to control traffic flow at peak times, DOV’s can be earned as a reward. Instant rewards offer a unique method to influence change.

SPEND REWARDS

These tokens then feed back into the ecosystem through mobility related transactions – be that offsetting the cost of a car, fuel for that car, paying for a flight, or just riding the bus. Connecting closed ecosystems, the DOV token is ubiquitous, providing instant liquidity and utility.

TRANSACT VALUE

Smart contracts define agreements between individuals, organisations and connected things to transact in a transparent and controllable way. Safely share personal assets, customise services, and verify claims instantly. This revolutionary transfer of value drives a new generation of mobility services.

TOKEN DISTRIBUTION OVERVIEW

• 25% of the DOV Tokens (0.30B) will be made available to token sale participants (ITO).
• 35% of the DOV Tokens (0.42B) will be allocated to an user growth fund. Earned tokens, by contributing the quality of the ecosystem, will originate from this fund. DOV Tokens received as a reward can only be used within the DOVU ecosystem for value added services. Any unused DOV Tokens after 6 months will be sent back to the user growth fund which can then be used for new users.
• 15% of the DOV Tokens (0.18B) will be allocated to advisors, founders, and management to help build the team. Team members vest for tokens in four installments of six months each.
• 25% of the tokens (0.3B) will be held in reserve. The reserve is subject to a two-year lock-down period.
0.5% of the token sale (1.5 million tokens) will be allocated to the Bounty program.

The bonus structure for the public token sale will be based on three tiers. Conditions for these three tiers will be announced when the pre-sale closes on the 29th of September.
Tier 1: 10% discount
Tier 2: 3% discount
Tier 3: Announced token price


For more information, visit the Website or read the Whitepaper.

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