VLB Tokens
VLB Tokens
The 1st Global
Vehicle Lifecycle Blockchain
ICO starts on November 27
Subscribe Whitepaper
Carfix created a new approach to the Vehicle Lifecycle Industry
Car dealers
Auto Repair
$109 bln
After market
spare parts
$260 bln
Vehicle sale
$629 bln
$419 bln
Car Insurance
$380 bln
Vehicle Lifecycle
Numerous car related industries currently exist in segregation from one another. CarFix, the developer of Vehicle Lifecycle Blockchain, is uniting them into an integrated vehicle lifecycle system
Oskar Hartman
VLB Co-founder
Oskar Hartman
Hannes Chopra
Paul Nazarov
Vladimir Lupenko
Alexey Arkhipov
Artem Sitnikov
Ico status
27 November 2017
12:00pm UTC
17 December 2017
12:00pm UTC
0 Tokens sold
0 ETH raised
200M Tokens
300,000 ETH
ICO terms
VLB bonus for early investors
VLB Tokens per 1 ETH
Base price
1 ETH=650VLB
ICO Period
+30%/195 VLB
+30%/195 VLB
650 VLB
Period 1
5 days
+20%/130 VLB
+20%/130 VLB
650 VLB
Period 2
5 days
+10%/65 VLB
+10%/65 VLB
650 VLB
Period 3
5 days
650 VLB
Period 4
5 days
In the course of the ICO up to 200,000,000 VLB will be sold to token purchasers. All unsold VLB tokens will be burned. 
Minimum threshold: 25,000 ETH. Hard cap: 300,000 ETH.
Token distribution
Up to 200M Token Sale
20M Network Growth
10M Advisors and Bounty
20M Private Placement
Utility token type
Ethereum ERC20 standard

Vehicle Lifecycle Blockchain will be deployed in 2 stages:
1 – Rollout within the controlled environment of Carfix
2 – Decentralized deployment into the mass market beyond CarFix
CarFix Today Blockchain Overview
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Repair shops
Distribution, OEMs
Car Owners
Point to the icon
to find out the details
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  • Driving and accident repair records
  • Records to increase policy pricing accuracy
  • Car maintenance records
  • Car ownership records
  • Records liens against cars
  • Insurance and maintenance records of encumbered vehicles
  • Vehicle maintenance records
  • Traffic fines history
  • Vehicle tax history
  • Ownership rights records
  • Car ownership records/li>
  • Repair and maintenance records
  • Sale-purchase records
  • Maintenance records in the event of warranty claims
  • Pricing of regular repair jobs real-time data about original spare parts stock in repair shops and distributors
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Operational milestones
April 2016
CarFix is founded as a transactional platform to upend the car repair industry.
August 2016
“Proof of concept” attained with 3,000 customers served and 200 repair shops onboarded.
December 2016
CarFix platform becomes the largest chain of auto repair shops in Russia.
July 2016
Platform is created and launched.
October 2016
5M EUR raised from Tier 1 investors: Group, Kima Ventures, Solway Group, Foresight Capital, Similie Ventures.
Operational milestones
April 2017
Onboarding of major authorized auto dealers.
June 2017
Commenced integration with the largest Russian bank and insurance provider and with a major global fleet management company.
July 2017
Commenced expansion into the US market: found local partner, mapped Los Angeles and South Florida based ecosystems of repair shops, spare parts distributors, insurance providers and auto dealers that are required for a successful deployment of CarFix plat.
August 2017
150,000 customers on the CarFix platform, 500 repair shops, all major original and non-original spare parts supplied via third-party distributors.
November 2017
Gross sales of $1 million per month, ICO.
Blockchain milestones
December 2017
Build a fully staffed development and programming team.
Operational milestones
March 2018
1 millionth customer on the CarFix platform, gross sales of $10 million per month.
June 2018
CarFix ecosystem to include 800 – 1,000 repairs shops, key regional insurance companies and auto lenders, major vehicle manufacturers and their dealer networks, as well as all leading OEM’s via their existing distribution networks, full operational deployment in the US.
December 2018
Gross sales of $50 million per month.
Blockchain milestones
June 2018
Alpha version of Vehicle lifecycle blockchain.
September 2018
Beta version of Vehicle lifecycle blockchain.
December 2018
Stage 1: Vehicle lifecycle blockchain deployed across the entire CarFix ecosystem.
Operational milestones
Blockchain milestones
January 2019
Stage 2: commencement of deployment of blockchain beyond the CarFix ecosystem. Any industry player in any market can purchase VLB and through interface software developed by CarFix access and record transactions on the blockchain.
Our team
Hannes Shariputra Chopra, CEO of Sberbank Insurance
Previous experience:

Mr. Hannes Shariputra Chopra boasts over 25 years of experience in the insurance industry. He is a CEO at Sberbank Insurance, the fastest growing insurance company in the Russian market, since 2014.

Mr. Chopra served as the Executive Vice President of Allianz SE and President of Allianz CIS and Allianz Eurasia. Mr. Chopra worked with Allianz AG from January 1996 to 2011 and was responsible for international development (CIS countries, Central & Eastern Europe, Africa, Middle East, South Asia). Previously, Mr. Chopra held senior management posts at Allianz AG, ROSNO, Allianz Eurasia, and CKW-Consult.

Mr. Chopra is an Economist by education. He graduated from the Albert Ludwig University of Freiburg with a Master's degree in Economics.

Sergey Solonin, CEO and founder of QIWI Group
Previous experience:

Mr. Sergey Solonin is the CEO and founder of QIWI, NASDAQ listed company, the leading online payment service in Russia.  He is also the founder of the Russian Blockchain Academy and a managing partner of Target Global Fintech Opportunities Fund, which focuses on fintech and blockchain based technologies.

Within Qiwi, Mr. Solonin launched a research and development division called Qiwi Blockchain Technologies. This division created the first blockchain specifically tailored for streamlining relationships within the banking sector called MasterChain. It is currently being deployed within the banking sector in Russia.

Mr. Solonin received a Degree in Economics from Russian Financial Academy in 1996.

Igor Pesin, Life.SREDA
Previous experience:

Igor Pesin is a Partner at Life.SREDA VC, a global fintech-focused venture capital fund, headquartered in Singapore.

Being responsible at Life.SREDA for the investments throughout their entire life cycle, Igor has executed more than 20 fintech deals across the world – in the US, Europe, CIS and Asia. Some companies, invested by Life.SREDA, are well-know benchmarks in the fintech space: Simple bank (sold to financial group BBVA), Moven, Fidor, Anthemis, SumUp, Allset, Rocketbank, Lenddo etc.

Notable startup experience:

Board/Advisory Board Member at SumUp (Germany), Allset (US), Fastacash (Singapore), SoftPay (Vietnam), Scorista (Russia), Lenddo (US), Ayannah (Philippines), Mobikon (India), Yolopay (Singapore).

Previous Igor’s background includes mix of corporate and entrepreneurial experience: 5 years in management consultancy and M&A (Strategy Partners Group, KPMG, IT businesses of JFK System) and 4 years as serial entrepreneur, launching and managing own startups in the e-commerce and tech space.

Igor passed a full-time MBA program in management, finance and investments at SKOLKOVO (US, China, Russia), entrepreneurship and innovations executive program at MIT Sloan (US), holds degrees in math and economics from The Higher School of Economics (Russia).

Alexey Arkhipov, Director for crypto-technologies at QIWI
Previous experience:

Alexey Arkhipov is one of the thought leaders and tech visionary of Russian IT and payment market. He is a pioneering technologist with 8+ years of executive-level experience in leading innovation in various distributed systems in the financial industry.

Since 2014, Mr. Arkhipov has been fully focusing on Blockchain R&D as a CTO of Qiwi Blockchain Technologies.

In 2017 Alexey was appointed as a head of Distributed Ledger Technology unit in FinTech Association, which unites leading Russian banks and financial companies. At present, he leads the technical development of the first Russian DLT platform Masterchain.

Mr. Arkhipov holds a Degree in Engineering (2006) in Moscow Technological University.

David Drake, Founder and Chairman of LDJ Capital
Previous experience:

David Drake and his family office LDJ Capital and its partners, has acted as GPs and investors in fund-of-funds, realty funds, venture capital funds, seed funds, debt funds and hedge funds. Mr. Drake's investments and private equity advisory at LDJ Capital currently has 50+ global directors and family office partners maintaining relations with institutions and family offices with $1.5 trillion in assets.

Mr. Drake has been involved in technology, media, telecoms, realty, hospitality, cleantech, energy and social impact investments for more than 25 years. He is an advocate of digital automation investing in private equity, compliance, capital formation policies and the US JOBS Act which he lobbied for in the US Congress and the EU Commission. Because of his leading work in this space, he represented the US Commerce Department at the EU Commission in Brussels and Rome in 2012 and was invited to the White House Champions of Change ceremony in Washington, D.C. and as a speaker at the UK Parliament in 2013.

David Drake has experience of ICO Board Advisor at Moeda, Polymath, Ambrosus, ICObox, Opskins, BlockV, LAToken, Propy, DOVU, Swarm.

Born in Sweden and fluent in six languages, Mr. Drake has an MBA in Finance and an MA in International Law and Economics from George Washington University in DC where he was awarded the Wallenberg Scholarship for academic merit.

Artem Sitnikov, Partner at Financial Consulting Group
Previous experience:

Artem leads FCG’s VC practice. He has lead over 1,000 projects during the last 12 years.

He is the mastermind behind FCG’s most prominent business line Startup Advisory Services.

Under his leadership and guidance 20+ startups we launched. He sharpened them through the most challenging development stage.

Recently he expanded these services into advising hi-tech companies with the respect to creating blockchain platforms.

He led FCG to become the go-to advisor for ICO related services. He provided analytical support to LAToken and MobileGo during their respective ICOs. In addition to VLB Tokens his current ICO clients include crypto-mining companies, logistics providers and companies in the shared economies space.

Artem graduated from Moscow Engineering Physics Institute (MEPhI) majoring in cybernetics, information systems and cryptography.

Elvira Tulvik, Partner at Magnusson
Previous experience:

Elvira is an Attorney-at-law and member of the Estonian Bar Association.

Elvira is experienced in fintech, company and administrative law, consultancy and litigation. Select ICO experience includes: Polybius and Mothership Foundation.  Elvira is at the forefront of working with Estonian banking sector and regulators to develop sound legislation that would govern the crypto to fiat conversion mechanisms.  Most of Elvira’s clients are companies at every stage of their operation, and individuals interested in wealth structuring.

She advises clients on improving their business structure in terms of efficiency, minimising risks, complying with regulations, and communicating with partners and the state.

She participates in drafting legislation, negotiating with the authorities, and lobby.

Elvira has also dealt with the law of armed conflict and human rights.


  • United States Naval Academy
  • University of Tartu
Maxim Manturov, CTO
Previous experience:

Over 17 years of experience as a programmer, software development manager and CTO.

He worked at such notable companies as Lukoil, Rostelecom and Redmadrobot, the leading third party software developer. In his role as a CTO he was responsible for developing and launching Bringit – an online food delivery platform in London.


  • Kalashnikov Izhevsk State Technical University
Software Development Team
Maxim Manturov heads a team of 28 programmers, developers and computer scientists with an average experience of 8 years. This team builds software applications, platforms and products that become the primary driver of innovation and revenue growth for CarFix’s existing business.

The team has extensive expertise in designing and implementing products and solutions using Java, HTML5, AJAX, WebServices, SOAP, REST, SQL and various cloud computing technologies. This team will further be strengthened and will continue to be focused on the development of the interface software for the Vehicle Lifecycle Blockchain.

Peter Kalambet, Blockchain Development Team Leader
Previous experience:

16 years of programming and systems engineering. Most prominent experience includes 4 years at IBM Science and Technology Center, where Mr. Kalambet developed various blockchain pilots and distributed payments systems.

Peter is a member of Qiwi Blockchain Technologies team. He holds a graduate degree in Computational Mathematics and Cybernetics from Moscow State University and a post-graduate degree from Institute for System Programming at the Russian Academy of Science.

Blockchain Development Team

Blockchain development will be undertaken by the team of leading specialists in blockchain and distributed systems. A team of [5] developers will be headed by Peter Kalambet.

Ilyas Taitsenov, Head of business development

Previous experience:
BCG and Uber (Russia), where he was responsible for providing management consulting services in the automotive supply chain and for developing the supply side of the Uber business model in key Russian cities, respectively.

Denis Tanaev, Head of product development

Previous experience:
Denis has broad experience in product and project management in large companies. During his work at Yandex he built Yandex.Music into a#1 online music service in Russia. He also held Head of Product positions at and where he was responsible for online hotel booking services.

In his most recent role as the Head of IT Project Management he managed the development of all back and front office systems.

Maksim Kurguzov, CMO

Previous experience:
Worked with global auto brands and big Russian companies, including Gazprom, Sberbank. Headed the department of digital and e-Commerce marketing in METRO Cash & Carry.


  • Graduated from the Faculty of Philology majoring in journalism
  • National Research University Higher School of Economics, e-Commerce and Internet Projects Management
Alexander Kucherov, Head of Sales

Previous experience:
AutoMotoClub (subsidiary of ADAC, COO).


  • Novosibirsk State University of Economics and Management
  • High Business School at the Ministry of Economics (MBA)
Sergey Lushin, Operations Officer

Previous experience:
NRG Capital (middle market private equity), Hi Capital (Russian fund of mezzanine financing), X5 Retail Group (M&A Department).


  • Moscow Engineering Physics Institute (MEPhI), Economic Analysis Institute
  • Higher School of Finance and Management, RANEPA
Oskar Hartmann, Co-founder

Notable startup experience:
KupiVIP (Largest off-price fashion retailer in Russia and CIS), CarPrice (co-founder), Aktivo (co-founder), Similie Venture Partners - Investment Fund for early stage start-ups within the Consumer Internet and Digital Media sectors in the emerging markets (co-founder), Lesara – Largest cross border ecommerce company in Europe (co-founder), Zaodno – Single price retail chain (co-founder). He is also an advisor on the ICO of Blackmoon Crypto, which raised $30 million within 19 hours.

Corporate Experience:
BMW (Kuala Lumper, Malaysia), Boston Consulting Group (Moscow, Russia).


  • WHU (Berlin, Germany)
  • MBA, University of Hawaii
Paul Nazarov, Co-founder

Notable startup experience: (co-founder, responsible for business development), FCG (co-founder, transaction service and valuation advisory).

Corporate Experience:
Macquarie Group (infrastructure fund management), Mubadala Development Company (sovereign wealth), NRG Capital (middle market private equity), Houlihan Lokey (middle market investment bank).


  • Stern School of Business at New York University
Vladimir Lupenko, Co-founder

Notable startup experience:
FCG (co-founder, managing partner), CarPrice (co-founder), Aktivo (co-founder, ex-CEO, real estate crowd funding platform), Raketa (co-founder, innovative mass market gym chain).

Corporate Experience:
KPMG (transaction advisory).

  • Plekhanov Finance Academy
  • Vienna University of Economics and Business Administration
  • ACCA certified
  • Member of YPO
What is a VLB Token?

VLB Tokens is a utility token based on Ethereums ERC20 protocol. VLB Tokens will be used by insurance companies, auto lenders, auto dealers, repair shops, OEMs and car buyers to access and record transactions in the Vehicle Lifecycle Blockchain.

Why is it important that VLB Tokens are “utility tokens”?

There are three types of tokens or coins: i) crypto currencies, ii) utility tokens, and iii) security tokens.

Utility tokens are “keys” to unlock access to services based on blockchain technology. For example, utility tokens can be used to record transactions in a blockchain, or to obtain access to software, or to procure a product or a service that the utility tokens were sold to develop and build.

Utility tokens are distinctly different from crypto currency tokens and security tokens.

Crypto currency tokens are digital currencies like Bitcoin in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

Security tokens represent sets of rights that holders obtain to shares of a business, cash flow streams from a project or a predetermined return profile from a structured instrument and other means of participation in the token promoter’s business activities. According to the US SEC, any token that can’t pass the Howey test should be considered as a security under the 1934 Security Exchange Act.

The fundamental economic difference between the tokens is the level of regulation that may be imposed on them by regulators in various countries around the world.

Utility tokens that provide “rights to access or license the system [and] to use the system and its outputs should not meet the definition of security” (Security Law Analysis of Blockchain Tokens, Debevois & Plimpton, December 5, 2016).

How decentralized is the Vehicle Lifecycle Blockchain?

Vehicle Lifecycle Blockchain will be decentralized and distributed. To achieve decentralization, we need to maximize the number of industry participants that have access and record transactions into the blockchain.

We will deploy the blockchain and attain decentralization in two stages. During Step 1 of blockchain deployment, CarFix will act as a developer to ensure that the critical mass of blockchain users is reached before advancing to Step 2 when the blockchain will be adopted beyond the CarFix ecosystem. See the White Paper for details.

How many VLB Tokens will be issued? Will there be follow-on issuances?

250 million VLB Tokens will be issued, of which 200 million are offered for sale during the ICO. There will be no follow-on issuances. All VLB Tokens that will not be sold during the ICO will be liquidated.

How will VLB Token be used?

VLB Tokens will be used by Paying Participants to record transactions in the blockchain and, thus, use its benefits for their respective businesses.

Who will generate demand for VLB Tokens?

Vehicle Lifecycle Blockchain will create significant value for a broad set of automotive industry participants, of which Paying Participants will generate demand for VLB Tokens and purchase them through crypto exchanges.

  • car owners (either a “Non-Paying Participant” or a “Paying Participant” when buying vehicles)
  • corporate vehicle fleet management companies (either a “Non-Paying Participant” or a “Paying Participant” when buying vehicles)
  • auto repair shops (“Paying Participant”)
  • spare parts producers (OEMs) and distributors (“Paying Participant”)
  • vehicle manufacturers (“Paying Participant”)
  • insurance companies (“Paying Participant”)
  • auto lenders (“Paying Participant”)
  • government institutions that maintain ownership records and regulate emission levels and other technical requirements (“Non-Paying Participant”)

How will VLB Tokens appreciate?

VLB Tokens will appreciate based on the level of demand, which will be underpinned by the extent of Vehicle Lifecycle Blockchain promulgation among the industry participants. Such demand will drive VLB Token turnover through the system. However, since VLB Token payments to Proof-of-Stake Nodes will represent a certain transaction cost for Paying Participants, the appreciation of VLB Tokens will plateau at a level of maximum acceptability to the Paying Participants.

How will Vehicle Lifecycle Blockchain blocks be created?

During Stage 1 of blockchain deployment, CarFix will provide VLB Tokens from the pool of tokens reserved for network development to Paying Participants within its own ecosystem. These VLB Tokens will be used to pay for forging blocks onto the blockchain. Initially, CarFix will serve the role of Proof-of-Stake Node.

Once critical penetration level of Vehicle Lifecycle Blockchain is reached during Stage 1, Proof-of-Stake will be decentralized to eligible PoS Nodes.

What cryptocurrencies do you accept as payment for purchasing VLB Tokens?

We accept Ether (ETH). If you do not have an Ether Wallet, please take a few minutes to set it up on

Read the White Paper and the Terms and Сonditions
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