Electric Vehicles, NFTs and tokenized Super & Classic cars under one umbrella: EDrive IDO on Spores Launchpad!

Spores Network
4 min readNov 30, 2023

Save the date for the exciting IDO of EDrive on Spores Launchpad on Nov 30th!

EDrive Token, an Assure DeFi certified project, is bringing innovation through blockchain technology to the automotive industry. Building an ecosystem around tokenized classic cars and supercars; fuelled by EDTs to reward its investors from each transaction and developing their initiatives such as a Dapp to support the adoption of sustainable means of transportation thanks to the unique business model: Drive2Save.

🔷 EDrive Main Objectives

The Future of Smart Mobility: D2S

D2S: unique business model for a smarter mobility
Through their state-of-the-art Drive2Save business model, they will drive the adoption of EVs making the switch more accessible to everyone.

Become yourself a blockchain node
The users will become blockchain nodes and with the data collected they will support a more efficient and effective distribution of charging point networks.

Benefits for EDT holders: D2S — a play on words
Drive2Save, a clever twist in their model that makes it unique and meaningful. Paying charges with EDTs will make you earn reward points, that you can use 2 ways: 1. Grab unique discounts on charges and save cash; 2. Donate your points to back eco-friendly initiatives and make a positive impact on our planet!

Super Cars

- Innovative systems for the tokenization and distribution of portions of super cars, based on the Blockchain technology

- Shared revenue streams for tokenized super cars, coming from exhibitions,renting and re-selling operations

- Be ahead of the curve: get early reserved access to our tokenized super cars and never miss an opportunity.

Classic Cars

For passionate people
Collect pieces of history in the form of tokenized classic cars!

Safe haven assets
In the current inflationary era, classic cars are perceived as safe haven assets, generating revenues from exhibitions, renting and re-selling operations

🔷 EDrive IDO Timeline:

  • VIP Round: 30th Nov, 10:00 AM UTC => 1st Dec, 10:00 AM UTC (24 hours)
  • Triple Round: 1st Dec, 10:00 UTC => 1st Dec, 11:00 AM UTC (1 hour)
  • FCFS Round: 1st Dec, 11:00 AM UTC => 2nd Dec, 11:00 AM UTC (24 hours)

🔷 EDrive IDO Details:

  • Token Name: EDrive Token
  • Token Symbol (Ticker): $EDT
  • Chain: BSC
  • Initial Supply: 125,000,000
  • Total Supply: 20,000,000,000
  • IDO Price: $0,0011
  • Vesting Schedule: 10% at TGE, 10% month 1 then 20% month linear
  • Listing Date: Dec 5th

🔷How to Join EDrive IDO:

  • Step 1: Register for the IDO To be eligible for IDO participation (Stake SPO for guaranteed slot): https://launchpad.spores.app/ido/edrive-ido
  • Step 2: Receive Email Confirmation After the whitelist closing time, Spores Network will notify you of your Tier Confirmation at least 12 hours before the sale.

🔷 EDrive Team

🔷 EDrive Tokenomics:

WBNB Rewards
Each EDT transaction will be charged a 2% transaction fee. This amount will be swapped into WBNBs and made claimable to all holders according to the % of the total supply in possession!

Burn
The % of transaction fees going to EDTs wallet will be used to repurchase EDTs on the market and 50% will be burned to make their token deflationary. The remaining 50% will be allocated back to specific areas within the ecosystem fund, such as: Community rewards; Staking and Lotteries.

Trust Fund
Example: this fund contains 10% of their total supply, unlocked, and they pledge to you that those tokens will never be used. They will renovate this pledge to you every year for a minimum of 10 years!

Team Tokens
As a further statement that the team at EDT is fully committed to the project and to deliver on its vision, team tokens will be subject to a 15 months long vesting! Feel free to race and explore our ecosystem far and wide, your trusted mechanics will always be here should you need a pit-stop.

Audit
To make sure their ecosystem is as amazing and as secure as possible they have asked our chiefs track marshals at InterFi.Network to audit EDrive smart contract. After inspecting each single inch of concrete, the have given them the green light!

🔷 EDrive Roadmap:

*EDrive is under Spores Network 24-hours Secured Policy

EDrive Official Link:

Website | Telegram | Discord | Twitter | Medium | Whitepaper

About Spores

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Spores Network

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