R REPO COIN Bringing the $1 billion auto repossession industry onto the blockchain. VEHICLE REPOSSESSION JUST GOT EASIER. WE’RE HERE TO TELL YOU HOW.
The $1 billion auto repossession industry is growing quickly due to the sharp increase in new and subprime auto loans in the past ﬁve years. Unfortunately, the repossession industry has not seen any meaningful innovation during that time and is plagued by steep costs and ineﬃciencies. Repo Coin plans to change that. We are introducing a revolutionary solution that will give auto lenders and repossession companies the ability to do business more eﬃciently and at a lower cost by using smart contracts on our blockchain network. Additionally, we aim to grow a large community of users to assist in locating delinquent vehicles on the road faster than has ever before been possible. We will do this by oﬀering license plate scanning and recognition software through the Repo Coin mobile app, which will decentralize the process of locating assets that need to be recovered. When a user scans a license plate it will be matched against our real-time database of delinquent vehicles. Our users will be incentivized by Repo tokens, which can be used to purchase goods and services on our website (repocoin.io). In order to make this possible we aim to forge partnerships with lending entities and repossession companies in every local area across the US. Our goal is to create the most comprehensive real-time database of delinquent vehicles in existence, with data provided by the lenders in our network. We believe that our end-to-end technology oﬀering will be the solution to many prob- lems in the repossession industry, which have come from the growing need for reposses- sion services, the ineﬃciency in communication practices between lenders and reposses- sion companies, and the high cost of the license plate recognition technology currently in use. There are currently no other blockchain platforms looking to decentralize the auto repos- session space, giving Repo Coin a ﬁrst-mover advantage. Our team is composed of innovative minds in the technology sector, located in Chicago and across the US. We also bring years of experience in the auto repossession sector. Repo Coin’s blockchain platform will run on the Stellar network, chosen because it is fast, reliable, and can support inexpensive transactions for many users. To ﬁnd out more you can visit our website at repocoin.io, or ﬁnd us on Facebook, Twitter, LinkedIn, Instagram, Reddit, and YouTube. © Repo Blockchain LLC R REPO COIN
DISCLAMIER Purchase, ownership, receipt, or possession of Repo tokens carries no rights, express or implied, other than the right to use such tokens as a means to participate, interact or transact on the decentralized Repo Coin blockchain platform as further described in this whitepaper, if successfully completed and deployed. In particular, all participants must understand and accept that Repo tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to Repo Coin and its corporate aﬃliates, other than any rights relating to the provision and receipt of services from Repo Coin, subject to limitations and conditions appearing in any other required agreements on the Repo Coin website. The Repo tokens are not intended to be utilized outside the decentralized Repo Coin platform nor as a digital currency, security, commodity, or any kind of ﬁnancial instrument, and Repo Coin shall not be liable to any participant for any decrease in value of Repo tokens or any other damages that any participant may incur as a result of using or purchasing Repo tokens for anything besides their intended use on the Repo Coin platform. Repo Blockchain LLC | 30 N. Gould St. STE R Sheridan, WY 82801 | [email protected]