Carnomaly IEO Invests in Revolutionary Bridge

Carnomaly, a platform developed to bridge the gap between blockchain and the automotive sector, starts its Initial Exchange Offering.

FREMONT, CA: Developed by experienced automotive professionals, Carnomaly uses the blockchain and cryptocurrency's limitless ability to offer innovative solutions for some of the most pressing issues in today's automotive sector. Carnomaly can remediate several industry inefficiencies, like undervalued trades, high-interest rates, overpaying for vehicles, a confusing buying process, and inaccurate vehicle histories with its fleet of technology solutions like the CARR token, CarrChain, and CarrDefi.

To fund its development and the reward program, Carnomaly created CARR tokens. The Ethereum network resides the token exclusively through its ERC-20 smart contract. Using only the Ethereum network makes it seamless to analyze how many tokens each member holds and each member's membership level.

CarrChain is a web-based application through which owners can seamlessly manage their vehicle's online profile.  The updated and owner keeps their profile, the points they can earn towards the car's reputation score. When the time comes to sell the car, this offers a competitive edge to the seller. Essential benefits of CarrChain includes achieving real-time vehicle sales by eliminating lengthy title transfers, replacing confusing, incomplete vehicle maintenance paper records, notifying dealers and private buyers of possible weather damage to a vehicle through the Natural Disaster Bulletin, providing complete historical records for the dealer when it's time to sell, increasing the value of the car, discovering service gaps in maintenance to improve the lifetime performance of the vehicle.

CarrDefi is a crypto-powered solution from Carnomaly to avoid outdated and inflexible auto lending. It uses decentralized blockchain systems were loans and assets can be bought or sold without a bank. Carnomaly members can leverage CarrDefi to securely connect with borrowers and lenders through loan pools generated by Carnomaly's financial experts. Carnomaly will provide 250,000,000 CARR tokens in three separate IEOs, the first of which will release on Jan.26. To ensure the token holders' potential, Carnomaly is dedicated to listing on some of the top exchanges with the highest liquidity. Once the final IEO sale has concluded, Carnomaly will lock firm funds for 90 days.