Token: ATR

Sharing Economy Protocol for Movable Goods

ICO dates
Start date: 2018-05-07
End date: 2018-05-08

Registrated in: Slovenia

Platform: Ethereum
Type: ERC20


autorize categories
Business services Platform Smart Contract
autorize token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries USA, China, Korea
Soft cap 5,000,000 USD
Hard cap 20,432,492 USD
Tokens for sale 120,000,000
Token distribution in ICO
Price 1 ATR = 0.15 USD
Price in PreICO 1 ATR = 0.13 USD
Acceppting ETH
autorize news, social
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Random whitepaper excerpts

The autorize protocol uses the power of blockchain technology to simplify, regulate, and
automate the sharing of movable goods, paving the way for the next generation of
sharing platforms.
We are building a decentralized ecosystem that enables a seamless and trustless
sharing of movable goods like cars, yachts, or planes. The protocol supports a
community of service providers (arbiters and event supporters) and end users (movable
goods owners and renters).
Effective community arbitration and growth are established through a system of
reputation and rewards, with an economy based on the ATR token. Movable goods are
digitalized using non-fungible tokens, which allows their use to be regulated with smart
The autorize protocol runs on the Ethereum network and is accessed through an
Application Program Interface (API) and a decentralized application (DAPP).
Proof-of-concept was established with our prototype partner, FurlanTech
Supercarshare. This use case demons...

Table of Contents
Table of Contents
1. Problem, Solution, and Vision
2. Protocol
2.1 Token smart contract
2.2 Goods digitalization
2.3 Goods management
2.4 Rent event
2.5 Goods condition evaluation
2.6 Rent event analysis
2.7 Reputation system
2.8 Crowd purchasing of NFTs
2.9 First use case: FurlanTech Supercarshare
3. Ecosystem
3.1 Participants
3.2 Arbitration system
3.3 Partnerships
3.4 Ecosystem Growth Pool
4. The Token Economy
4.1 Purpose and Characterization
4.2 Token Use Cases
4.3 Implementation (ERC-20)
4.4 Token Vesting and Distribution
5. Timeline
5.1 Milestones
5.2 ICO Timeline

1. Problem, Solution, and Vision
Imagine owning a Lamborghini. It’s an awesome ride, but not something you can use in
your everyday life. Most days, it’s just sitting in your garage, gathering dust, and losing
value. Why not rent it to someone instead? That way, your car is transformed from a
liability into an asset.
This is the basic idea behind the sharing economy, most famously utilized by Airbnb to
let people share their real estate.
For movable goods – cars, bikes, yachts, planes, etc. – sharing normally involves a lot
of trust. That makes it hard, if not impossible, to rent to strangers. How are you going to
guarantee that your car will be driven in a nice and safe way, or that the renter isn’t
going to use it for illegal purposes?
The autorize protocol uses a decentralized arbitration system to determine if a movable
good (e.g. your Lamborghini) was used as agreed. When someone rents an asset, the
owner and the renter agree to certain terms, which are put into a smart contra...

2. Protocol
2.1 Token smart contract
The ATR token will be implemented using the well-known and widely used ERC-20
standard on the Ethereum blockchain. Additional functionalities will be developed on
top of the ERC-20 standard.
2.2 Goods digitalization
Each movable good will be digitalized within the autorize protocol using the EIP-841
standard, which allows the creation of non-fungible tokens (NFT) that can be managed
and owned by another address. Therefore, each asset`s detailed information and
description will be saved on the blockchain, preventing unauthorized modification.
Goods will be digitalized for the following reasons:
- Creating a unique identity for each asset on the blockchain
- Tracking the asset’s usage
- Creating a marketplace with transparent availability of assets
- Enabling shared and easily transferable ownership of assets
The digitalization process will be performed by use-case agencies, which will co-sign
the creation of the NFT with the asset ow...

2.3 Goods management
The owner of the NFT asset will be able to delegate other addresses (individuals or
businesses) to manage it. This enables the owner of a NFT to outsource the sharing of
their asset and collect profits automatically.
Taking supercar sharing as an example (a use case validated with our prototype
partner), the owner of a car can house it in the garage of a host, who lives next to a
scenic road. This is a much more attractive location for renting supercars than the city,
where the owner lives.
Because it is housed at a better location, the car gets more rentals, increasing profits for
the owner. Since it is managed remotely, the owner doesn’t have to deal with the rental
process. The car’s host is compensated for their services in ATR tokens.
2.4 Rent event
A rent event is characterized as an event where one user transfers the usage of a
digitalized asset to another user. This includes asset reservation, delivery, usage, return,
and community validation.

2.4.1 Rent reservation
The owner of a digitalized asset defines a set of parameters, which have to be met by
the renter before the reservation can be confirmed.
The following variables will be adjustable:

Reputation status of the renter

KYC status

Number of successful rent events

Operating ability average score

Size of security deposit
Approval of the rent event is based solely on the asset owner’s requirements. Users that
don’t meet all requirements will not be allowed to place a rent reservation. This allows
the asset owner to determine the minimum reliability and competence level of renters.
Once the reservation is confirmed and locked in the smart contract, the user will follow
through automatically and pay the rent event. ​The owner of the digitalized asset token is
obligated to offer an asset at the specified price for the specified period. Penalties in
form of token payment and/or loss of reputation points...

As an extra precaution during the first year of protocol operation, the use case
demonstration agency back office (for each individual use case) will have a veto vote in
case a dispute is raised by any rental party, within 7 days after the conclusion of a rent
2.5 Goods condition evaluation
2.5.1 Photographic evidence
Every time an asset is rented, both parties (owner/host and renter) take photos of the
asset before and after the rental event takes place. Exactly what they have to take
photos of is pre-determined, based on the type of movable good rented. The full set of
photos thus shows all the relevant parts of an asset. When an asset is returned, the
photos are automatically distributed to the autorize community for arbitration.
2.5.2 Usage tracking technology
Using state of the art technology black boxes that can track speed, accelerometer info,
and usage, the NFT owner has complete insight into what is happening with their asset.
They are able to receive notifications abo...

2.6 Rent event analysis
Once a movable good is returned, all the data from the rental – the photos, video and
tracking sensor data – are pushed to the autorize community for evaluation. The
community’s role is to determine whether the rent event matched the parameters
logged in the smart contract. If they determine that the asset was returned as agreed,
they validate the smart contract, thus concluding the rent event.
The community members act as arbiters, by voting on the condition of the returned
asset. If they successfully determine the asset’s condition (based on the consensus
decision), the arbiters are rewarded in ATR tokens. Arbiters who make the wrong
decision are penalized. Voting weight as well as reward is based on each member’s
reputation status and token stake. Higher ranking arbiters are rewarded with a larger
share of the reward pool, which motivates the community to score as precisely as
2.7 Reputation system
Part of the core technology of the autor...

autorize Roadmap

Jan 29th - May 1st, 2018
Feb 9th, 2018
Apr 14th, 2018
May 7th - May 8th, 2018
May 14th - June 14th, 2018
Teo Antonac
Teo Antonac Blockchain CTO

Simon Kovše
Simon Kovše Community manager

Nik Pletikos
Nik Pletikos Investor & Quantitative Analyst, CEO at Kler d.o.o

Urška Vrhovec
Urška Vrhovec Community management team

Jure Mikuž
Advisors Jure Mikuž Advisor

Jan Pinteric
Advisors Jan Pinteric CEO and Co-Founder at Goodlife Magazine

Ramin Yahyapour
Advisors Ramin Yahyapour Managing Director at GWDG

Boris Cergol
Advisors Boris Cergol CEO and Data Scientist at Ektimo

Ram Budime
Advisors Ram Budime CEO at BitIns Ltd

Marko Pahor
Advisors Marko Pahor Vice-dean for finance at Faculty of Economics, University of Ljubljana

Martin Možina
Advisors Martin Možina Researcher at Faculty of Computer and Information Science

Jure Pirc
Advisors Jure Pirc Experienced IT professional

Jan Berdajs
Advisors Jan Berdajs Core developer of sgminer mining software

Jure Pirc
Jure Pirc
Experienced IT professional
Communications Officer at Quantum Project
Chief Communications Officer
Jure Pozun
Jure Pozun
Chief Marketing Officer
Comm Strategy & Marketing Lead
Niko Klansek
Niko Klansek
Chief Business Consultant
Advisor Code of Talent & Entrepreneur & ICO Advisor
Strategy Advisor & Crowdsourcing expert