HireGo
HireGo
Token: HGO


P2P Car Hire with Origin Protocol

ICO dates
Start date: 2018-03-04
End date: 2018-05-01

Registrated in: UK

Platform: Ethereum
Type: ERC20

PREMIUM ICO

HireGo categories
Smart Contract Software
HireGo whitepaper
Video
HireGo token sale
KYC passing required Yes | Whitelist No | Restriction for countries No
Hard cap 11836 ETH
Tokens for sale 60,000,000
Token distribution in ICO
60%
60%
Price 1 ETH = 4000 HGO
Minimal investment 0.05 ETH
Acceppting ETH
HireGo news, social
HireGo search trends in Google
Random whitepaper excerpts

Contents
1.0 Introduction ................................................................................................................................ 3
2.0 Application .................................................................................................................................. 5
3.0 Smart Contracts .......................................................................................................................... 6
3.1 Go Token ................................................................................................................................. 7
3.2 Token characteristics .............................................................................................................. 7
3.3 Token distribution................................................................................................................... 8
3.4 Vehicle Non-fungible Token.................................................................................................... 8
3.5 Rental Contract ................

HireGo; Peer-to-Peer Vehicle Rental
In a rapidly-decentralising world there is a strong motivation to upset incumbent,
centralised services and to create user-oriented alternatives. This paper presents a novel
solution to peer-to-peer vehicle rental that leverages smart contracts to ensure user
security and transparency.
1.0 Introduction
With the advent of the sharing economy, there has been a sudden and dramatic rise in the
popularity of private rental. The Airbnb and Uber platforms, the two most-cited examples
of this economic shift, allow millions of users to lease their property or services to others in
exchange for a fee.
The private rental industry, a subset of the sharing economy concerned solely with the
lease of property, is a fast-growing sector. Private vehicle rental alone is estimated to reach
a worth of $90B by the year 2020
1
. This growth has spawned the creation of platforms that
facilitate the lease of tools, cars, drones, photographic equipment and constructi...

“It‘s an interesting move — and highlights that despite the buzz around the ‘sharing
economy‘ some of the most successful start
-ups in the space end up looking a lot like the
traditional busine
sses they are trying to disrupt”
- Business Insider
3
Given the increase in user-control that the sharing economy offers, the lack of
decentralisation is surprising: incumbent industry capitalises on data ownership and the
monopolisation of its users. Transactional data is created and stored by the platform and is
inaccessible to the users it concerns. This information, invisible as it is to users, may contain
sensitive or valuable information and becomes a target for theft.
“Everything that can be decentralized, will be decentralized.”
- David A. Johnston
By leveraging the blockchain to create a trustless, decentralised rental platform, HireGo
aims to overcome the shortcomings of existing solutions. Using blockchain-based identity
solutions ensures that users c...

2.0 Application
HireGo is building a decentralised, peer-to-peer marketplace that allows its users to lease
their vehicles in a trustless and secure environment. The marketplace leverages the
Ethereum blockchain as both a public ledger for lease transactions, and for conducting the
transactions themselves, using a smart contract framework.
The HireGo marketplace provides a directory of vehicles available for hire. Users are able to
select an appropriate vehicle, secure it for their desired period and settle the payment, in-
app, using the Go token - an ERC20-compatible cryptocurrency built for the purpose (see
Go Token). Vehicles listed on the marketplace are crowdsourced from HireGo users and can
be easily added in-
app; additional tools are available for “power
-
users” making larger
numbers of vehicles available.
HireGo has been designed with simplicity and security as a first priority. Payment is made,
in advance, and held in an escrow contract on the Ethereum blockchai...

There is an intrinsic fee when transacting via the Ethereum blockcha
in, known as the “gas
cost”, used to incentivise miners and to secure the network. When using the HireGo
applications, any gas costs incurred will be covered automatically, without the user’s
knowledge. This results in a smooth user experience and removes the need to manage
multiple currencies, a drawback in some existing decentralised systems. The slight cost to
HireGo will be included in the transaction fees, taken in Go tokens.
A gateway will be provided for the exchange of fiat to tokens and vice versa, further
eliminating friction for users new to cryptocurrency. This will allow profits to be easily
withdrawn to a bank account. Deposited currency will be automatically converted to Go
tokens and transferred to the user's wallet, visible as a balance on the marketplace.
HireGo is currently being tested ahead of its first Alpha release, with the Beta release
expected in Q3 2018 (see Roadmap). The marketplace will be availa...

3.1 Go Token
The in-app currency is the Go (HGO) token, a cryptocurrency conforming to the ERC20
standard. There will be a total of 100,000,000 tokens created, of which 60% are being
allocated for an initial coin offering. Each token will be divisible by 18 decimal places. Any
value exchange on the HireGo marketplace will be conducted using the Go tokens.
Gas costs incurred by transactions made using the HireGo app will be covered, ensuring
that users do not need an Ether (ETH) balance to place transactions. There will be
protection mechanisms in place to ensure bad-actors cannot abuse this system. When a
transaction is selected the gas cost is transferred to the user's address and, once this has
been confirmed, the rental transaction is issued by the application.
The token will be available for purchase on existing cryptocurrency exchanges and may be
used as a means of exchange and speculation beyond the HireGo application. HireGo will
also provide a fiat-HGO gateway to facilitate the easy exchang...

3.3 Token distribution
3.4 Vehicle Non-fungible Token
Each vehicle listed on the marketplace is represented as an ERC721-compliant token. At any
given time, the holder of a Vehicle token will be granted sole access to the corresponding
vehicle and, as such, the ownership indicates that a rental transaction has been entered
into. The token is returned to the vehicle owner on completion of a rental transaction.
Whenever a new vehicle is added to the marketplace a new token will be minted and
transferred to its owner. Initially, new vehicles will be subject to moderation by the HireGo
team, however this restriction may be removed in the future to aid decentralisation. The
token will contain identifying information in its metadata, linking it with the vehicle it
represents. Whenever a vehicle is removed from the marketplace the token will be burnt,
ensuring that a one-to-one correspondence between all Vehicle tokens and their
marketplace counterpart is maintained; this prevents the fraudulent lease or ...

3.5 Rental Contract
Rental transactions are also made via a dedicated smart contract. This contract will act as
an escrow and will mediate the transfer of the Vehicle token between the two parties.
When a rental transaction is entered into, the renting user issues a paid transaction to the
Rent contract. These funds are held by the contract until the rental period has elapsed and
that both users have indicated a successful transaction. This contract also allows a dispute
to be flagged by either user and, in the event that a third-party judgment is needed, HireGo
can choose to return the funds to the appropriate party. This model also provides the
flexibility for specifying additional trusted parties and, if the contracting parties desire, it is
possible to exclude HireGo altogether - furthering the trustless and decentralized ethos of
the platform.
The Rental Contract also manages the transfer of the vehicle token from the vehicle owner
to the renting user, and vice versa, as required. The token wi...

HireGo Roadmap

1
Quarter 2, 2018
Launch HGo Token crowdsale (ICO) and list on crypto currency exchanges
2
Quarter 3, 2018
Deliver the first beta of the HireGo iOS app
3
Quarter 4, 2018
Deliver HireGo app for Android, issue token incentives for early users
4
Quarter 1, 2019
Deliver HireGo web app
5
Quarter 2, 2019
Provide APIs to allow other apps to use HireGo tokens
6
Quarter 3, 2019
Release beta version of HireGo car sharing platform
7
Quarter 4, 2019
Integration of IoT devices for smart contract enabled car sharing (beta)
Luqman Hussain
Team Luqman Hussain Managing Director / Blockchain Expert

Adil Bashir
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Luke Mitchell
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Luke Mitchell
Luke Mitchell
Smart Contracts Expert
Blockchain/Smart Contract Advisor
Blockchain/Smart Contract Advisor