Mapcoin: ICO Review

What is Map Coin?

MapCoin is a project whose vision is to impact the self-automated driving market. For automated cars to become efficient, they need to have a sufficient amount of data. However, the problem is finding computers and others that can deliver this data.

mapcoin icoWith MapCoin, they plan on collecting visual and nonvisual driving data through either MapCoin’s or their partners’ Android or iOS applications.  This will result in the creation of HD maps for the autonomous cars, and reduce the driving cost.

Users are rewarded in MAP tokens for participating in this ecosystem. You can earn them by simply using MapCoin’s and their partners’ applications. MapCoin is currently speaking to multiple loyalty reward companies to exchange their MAP tokens for other programs on Mapcoin’s platform.

Aspects

  • Artificial Intelligence: Every autonomous vehicle uses advanced AI to study the patterns of people, cars, and objects. It also helps drivers make decisions based on the best choice of action. The AI is trained by giving it thousands of examples in video and image so that the AI can fully understand the environment and the road.
  • HD Maps: Unlike humans who can use a regular map to navigate, autonomous vehicles need an accurate HD map to understand the road around them and position themselves accurately,
  • Passive App: MapCoin has a passive and active app for data collection. In the passive app, it’s designed for people who want to collect data, but not let it interfere with their daily routine. In this mode, you can just drive normally and start receiving MAP tokens.
  • Active App: This app will show the most needed maps in your area and make a route to follow. This mode allows users to maximize the amount they earn by picking high valued roads and following a certain route to map them.

Token Information

  • Website: View
  • Whitepaper: Read
  • Fundraising Goals: $1,000,000 (Soft cap) – $25,000,000 (Hard cap)
  • Tokens for Sale: 200,000 MAP
  • Price: 1 MAP = .16 USD

Bounty0x username: thetechinsiderorg

Positives
  • User Incentives: MapCoin allows for users to show their progress when using the platform. The amount of MapCoin you’ll receive is based on your collection area, media time, time of day, and the territory.
  • Innovative Idea: MapCoin is one of the few ICOs to speak on autonomous driving. If it’s a successful project, chances are the app will take a large hold of the market share.
  • Multi-layered System: As we stated earlier, MapCoin has 3 layers, which keeps your data safe while protecting you from phishing, identity theft, and other cyber crimes.

Negatives
  • Map Information: While MapCoin’s app is used for improving driving navigation, we want to see a realistic example of it. If its able to do this, then it would increase its popularity and uniqueness as an app.
  • No MVP: MapCoin doesn’t have a complete running application as its still in its early stages. It will have to create an app for users to take it more seriously.

Mapcoin
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Summary

Overall, Mapcoin is a project that has the potential to disrupt the $33 billion autonomous driving market. If it’s successful, we’ll see a future of high-quality self driving automobiles! We can’t wait to see how this project performs within the following months.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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