Arc CDK 2

White Paper

This White Paper, as it may be amended from time to time, is hereby incorporated by reference. CDK will distribute the CDK tokens to contributors and CodeNekt pursuant to the CDK Distribution Contract. CDK makes no representations or warranties, express or implied, including any warranties of title or implied warranties of merchantability or fitness for a particular purpose with respect to the contract or tokens or their utility or the ability of anyone to purchase or use these tokens. Without limiting the foregoing, CDK does not represent or warrant that the process of purchasing and /or receiving tokens will be uninterrupted or error-free or that the tokens are reliable and error-free. The contributors shall provide an accurate Avalanche wallet address to CDK for receipt of any tokens distributed to them pursuant to the contract. The sale of tokens and the tokens themselves are not securities, commodities, swaps on either securities or commodities or a financial instrument of any kind.

CDK is a hybrid payment-utility digital token based on the Avalanche blockchain. Accordingly, this document does not constitute investment council, advice, or solicitation for investment in any security. Purchases and sales of these tokens are not subject to the protections of any laws governing those types of financial instruments. This document and all other documents referred to in this document, do not constitute a prospectus or offering document and are not an offer to sell nor the solicitation of an offer to buy an investment, a security, commodity, or a swap on either a security or commodity. CDK has prepared this white paper for the sole purpose of introducing the technical and economic aspects of the CDK token, and their associated platform components. 

This document does not constitute any offer, solicitation, recommendation, or invitation for or in relation to the securities of any company described herein. The White Paper is not an offering document or prospectus and is not intended to provide the basis of any investment decision or contract. The information presented herein has not been subject to independent audit, verification, or analysis by any professional legal, accounting, engineering, or financial advisors. The White Paper does not purport to include information that the contributors might require to form any decision nor does it comprehensively address risks of tokens, which are numerous and significant. CDK (along with its directors, officers, and employees) does not assume any liability or responsibility whatsoever for the accuracy or completeness of information contained in the White Paper or for correcting any errors herein. Furthermore, should the contributors choose to participate in the initial sale of tokens, CDK does not assume any liability or responsibility whatsoever for any loss of market value of the tokens. The content of the White Paper may be challenging. Readers of this document are encouraged to seek external advice and are solely responsible for making their own assessment of the matters herein, including assessing risks and consulting technical and professional advisors.

This document is purely for information purposes and shall not be regarded as a base for investment decisions. Nothing contained in this document and CDK website is to be intended as an offer, inducement, recommendation, or a solicitation of an offer, to buy or sell any financial instrument and/or investment product. 

This document has no regard for the specific investment objectives, financial situation or particular needs of any specific recipient”.

All information, opinions, forecasts, estimations, prices, values, trends, statistics and data mentioned within this document are indicative and subject to market conditions that might change in the future. All case studies are described for explanatory and illustrative purposes only”.

The Blockchain technology and crypto-assets carry significant risks for users, including the possible loss of all value allocated in crypto-assets. Such risks arise from the novelty of this technology, the regulatory uncertainty, the possibility of hacking, the high volatility and the information asymmetry characterizing the crypto market.

Users should not purchase crypto assets with funds they cannot afford to lose. Furthermore, the user is strongly encouraged to seek financial and legal advice regarding the use of crypto-assets and the use of our services”

Overview

Welcome to CodeNekt !

CodeNekt is a groundbreaking platform transforming vehicle data management through blockchain technology. Our mission is to create a seamless and secure ecosystem for the automotive industry, enabling better transparency, efficiency, and trust.

Our Origins

CodeNekt emerged from the need to address persistent challenges in the automotive ecosystem: fragmented data systems, vehicle fraud and inefficiencies in data validation. By combining our expertise in blockchain with a deep understanding of the automotive industry, we developed a platform that ensures secure and tamper-proof vehicle identities, empowering users with reliable data.

Our Vision

At CodeNekt, we envision a future where vehicle data is not only accessible but also authenticated and immutable. Blockchain technology lies at the core of our platform, guaranteeing transparency and trust in every interaction.
We believe in creating solutions that bring value to all stakeholders in the automotive industry—from vehicle owners and manufacturers to insurers and service providers.

Our platform is designed to:

  • Reduce fraud by creating a unique digital identity for each vehicle via NFTs.
  • Streamline processes through real-time data updates validated by blockchain.
  • Empower users with ownership and control over their vehicle data.

A Game-Changing Approach to Vehicle Data

The increasing number of frauds illustrates the current inefficiencies of vehicle data management. CodeNekt offers a revolutionary solution by leveraging blockchain to:

  • Provide high-quality, verified data for stakeholders.
  • Reduce costs of manual verification and intermediaries.
  • Offer a user-friendly interface for accessing and managing vehicle records.

Join us! 

1. Introduction

The global automotive market faces a critical challenge: a lack of transparency and traceability in the lifecycle of vehicles. Whether purchasing a second-hand car or exporting vehicles to new markets, buyers, sellers, and regulatory bodies struggle to access reliable and comprehensive information. This gap in transparency has far-reaching consequences for safety, the environment, and market efficiency.

Market and key figures

  • Over 1 billion private vehicles worldwide
  • Over 2 billion motorists
  • Over 230 million used cars sold every year
  • Several hundred dollars spent each year to repair and maintain each vehicle
  • Average annual cost of maintaining a car for an individual: between $6,000 to $12,000 depending on the car, the mileage traveled and the country.

Source: Statista. (n.d.). Ventes de voitures à l’échelle mondiale de 1990 à 2022. Retrieved July 29, 2024, from https://fr.statista.com/statistiques/558755/ventes-de-voitures-a-l-echelle-mondiale/

Source: Transitions & Energies. (2020, April 21). Combien y-a-t-il de voitures dans le monde? Transitions & Energies.

1.1. The Transparency Problem

Maintaining a detailed and accessible record of a vehicle’s history is nearly impossible under current systems. As vehicles age, the difficulty of accessing reliable data only increases. This lack of traceability creates significant issues:

  • Hidden Costs and Scams: Buyers in the second-hand market often face unexpected expenses due to undisclosed defects or fraud.
  • Safety Risks: Poorly maintained vehicles not only endanger drivers and passengers but also contribute to traffic accidents and fatalities.
  • Environmental Harm: Inefficiently maintained vehicles have higher CO2 emissions and shorter lifespans, undermining global sustainability efforts.
1.2. Poor Vehicle Traceability

The problem of inadequate transparency extends beyond individual buyers and sellers. According to the International Transport Forum (ITF):

  • Unsafe Vehicle Exports: Many exported vehicles fail to meet safety and environmental standards in their destination countries, particularly in developing regions.
  • Environmental Fallout: Old, high-emission vehicles continue to be circulated in less affluent nations, undermining global efforts to fight climate change.
  • Regulatory Gaps: Countries with weak enforcement mechanisms face an influx of defective vehicles, exacerbating safety and environmental issues.
1.3. The Cost of Inaction

Recent high-profile recalls underscore the critical need for comprehensive tracking, even from the manufacturer’s perspective.

Stellantis has recalled specific vehicle brands due to significant defects, as highlighted in their press release (source: Stellantis Press Release. (2024). Vehicle Recall Notice).

The widespread Takata airbag defects have prompted safety recalls impacting millions of vehicles worldwide.

On May 17, 2024, Stellantis issued an urgent recall for Citroën C3 and DS Automobiles DS 3 models produced between 2009 and 2019, advising owners in Mediterranean regions to cease using these vehicles immediately and register for necessary repairs.

This situation underscores the necessity for a robust tracking systems. 

Without comprehensive traceability, vehicle manufacturers, buyers, and regulators alike remain vulnerable to hidden risks, economic losses, and environmental harm.

2. Use-cases

The CodeNekt platform addresses a wide range of mobility challenges, catering for the diverse needs of businesses, individual drivers, and stakeholders in the automotive ecosystem. 

By simplifying vehicle data management and automating processes, our platform empowers users to streamline operations, reduce costs, and meet environmental goals effectively. Whether it’s managing vehicle fleets, ensuring compliance, or improving daily driving experiences, CodeNekt provides reliable tools for a variety of mobility needs.

This section outlines the primary use cases of CodeNekt, showcasing how our platform serves as a comprehensive solution to modern mobility challenges and delivers tangible benefits to its users.

2.1. Fleet Management for Businesses

For companies managing vehicle fleets, CodeNekt offers a streamlined solution to ensure efficiency and compliance:

  • Vehicle Tracking: Easily manage owned or leased vehicles through one platform.
  • Maintenance Monitoring: Keep track of service schedules, ensuring vehicles remain operational and safe.
  • Document Management: Automatically update and organize important documents like registrations, insurance policies and invoices.
  • Employee Empowerment: Provide drivers with easy tools to report issues or track vehicle conditions.
  • Sustainability Goals: Help businesses reduce their carbon footprint and comply with environmental standards.

Cost Savings: Minimize fleet operating costs through better data and proactive maintenance.

2.2. Enhanced Experience for Individual Drivers

For everyday users, CodeNekt transforms the way they manage their vehicles and mobility:

  • Comprehensive Cost Overview: View detailed information on expenses, from fuel and maintenance to parking.
  • Time and Travel Insights: Track how much time is spent on the road and find ways to optimize journeys.
  • Carbon Footprint Tracking: Understand the environmental impact of your travels and discover ways to reduce it.
  • Personalized Recommendations: Receive suggestions on how to lower costs, shorten travel times, or adopt eco-friendlier habits.
  • Simplified Document Handling: Access all your vehicle-related documents in one place for easy reference and updates.
  • Vehicle Safety: Get reminders for critical deadlines like inspections, insurance renewals, and service appointments.

Gamification: Incentivize users and reward them for their engagement.

2.3. Reliable Data for the Mobility Ecosystem

CodeNekt acts as a trusted intermediary between various stakeholders, ensuring data accuracy and transparency:

  • Support for Insurance Providers: Simplify policy management, claims processing, and customer communications.
  • Government Compliance: Facilitate interactions with authorities for technical inspections, eco-tax payments, and vehicle registrations.

Service Providers: Enable garages, rental services, and parking facilities to better cater to customer’s needs through seamless data sharing.

2.4. Solutions for Future Mobility Needs

As mobility continues to evolve, CodeNekt supports new trends and technologies:

  • Connected and Autonomous Vehicles: Ensure accurate and secure data flow for smarter vehicle systems.
  • Car Sharing and Rentals: Simplify usage tracking, billing, and user authentication.
  • Sustainability Initiatives: Promote greener mobility through better data and actionable insights.
3. BLOCKCHAIN Integration on CodeNekt

The automotive industry is undergoing a digital transformation, and blockchain technology provides a foundational layer for addressing critical challenges related to data transparency, security, and efficiency. By integrating blockchain, CodeNekt ensures reliable, tamper-proof vehicle information management for all stakeholders.

3.1. Why Blockchain?

CodeNekt is working on developing its own blockchain based on Avalanche, which provides distinct advantages, making it the perfect solution to address the challenges within the automotive ecosystem:

  • Data Transparency and Immutability: Blockchain provides an immutable ledger of records, ensuring that all vehicle data—from maintenance history to ownership changes—is secure and cannot be altered.
  • Decentralized Trust: By eliminating reliance on a single entity, blockchain creates a Trustworthy Ecosystem where data integrity is guaranteed by the network.
  • Improved Data Interoperability: Blockchain facilitates seamless sharing of verified vehicle data between stakeholders, including insurers, regulators, and service providers.
  • Enhanced Security: The cryptographic security of blockchain ensures that sensitive information, such as vehicle ownership or accident history, is protected from unauthorized access.

Automation via Smart Contracts: Blockchain enables automated processes, such as triggering notifications for inspections or processing insurance claims, through smart contracts, reducing inefficiencies and costs.

3.2. Vehicle identity over NFT

CodeNekt creates a secure and unique digital identity for each vehicle using CodeNekt blockchain technology. This solution leverages NFTs (Non-Fungible Tokens) to establish a distinct and tamper-proof identifier for every vehicle.

  • Immutable Vehicle Records: Each vehicle is represented by an NFT that serves as a digital twin, containing critical information such as VIN, manufacturing details, ownership history, and maintenance records.
  • Ownership Transparency: The NFT ensures a clear chain of custody, allowing buyers, sellers, and regulators to verify ownership and transaction history effortlessly.
  • Fraud Prevention: By associating vehicles with unique NFTs, CodeNekt prevents fraudulent activities like tampering with odometer readings or falsifying service records.
  • Global Accessibility: The NFT-based identity system allows stakeholders across different geographies to access verified vehicle information securely.
  • Dynamic Valuation: The vehicle is a Real World Asset (RWA). As an asset, it must have a justified value, taking into account its real condition at the time of sale.
  • Ownership Fractionation: Ownership of a vehicle can be divided among multiple investors or users via NFT shares, facilitating business models like collaborative leasing.
  • Use as collateral: A tokenized vehicle can be used as collateral in decentralized lending (DeFi), opening up new opportunities for owners.
3.3. Empowering the Mobility Ecosystem

The use of CodeNekt platform extends beyond vehicle identity to benefit all stakeholders in the mobility ecosystem:

  • Vehicle Owners: Maintain full control of their vehicle data while ensuring that it remains accessible to authorized parties.
  • Regulatory Bodies: Monitor compliance with safety and environmental standards without manual intervention.
  • Service Providers: Use verified blockchain data to optimize maintenance schedules, improve customer service, and reduce fraud.

Insurers: Access verified accident and repair histories, enabling faster claims processing and accurate risk assessments.

4. CDK token

A token for the management of the CodeNekt ecosystem and for a standard in the automotive industry.

4.1. The Role of CDK in Our Ecosystem

The CDK Token serves as the native utility token of the CodeNekt blockchain, playing a major role in empowering the platform’s ecosystem.

Key Economic Functions

  1. Ecosystem Transactions
    CDK tokens facilitate a range of transactions within the platform, including access to premium features, data updates, and interactions with third-party services integrated into the ecosystem.
  2. Incentivizing Community Engagement
    The CDK token fosters active participation within the CodeNekt ecosystem. Through staking, token holders are rewarded for their long-term commitment, helping to ensure the platform’s growth and stability.

Governance and Voting Rights
CDK holders can influence the platform’s development by participating in decentralized governance, enabling the community to shape the future of CodeNekt.

4.2. Token Metrics

The CDK Token is the native token of CodeNekt blockchain. Our token adheres to the ERC20 standard, ensuring compatibility with wallets, exchanges and other Ethereum-based applications.

Token details

  • Token Name: CDK Token
  • Token Symbol: CDK
  • Decimals: 18
  • Total Supply: 10,000,000,000
4.3. Distribution

The total supply of CDK tokens is capped at 10,000,000,000 strategically allocated across various categories for specific purposes. 

This distribution aims to balance the needs for growth, team motivation, and ecosystem development while ensuring a sustainable and transparent approach to the token’s usage.

The table below outlines the token distribution:

Categories

% of Total Supply

Purposes

Seed/Private/Public Sale

14%

Tokens allocated to raise funds for the initial development and launch of the project. These tokens are sold to early investors, enabling the growth of the platform.

Operating team

14%

Tokens reserved for the core team to incentivize and motivate the project’s long-term success. This ensures the team is aligned with the project’s mission and growth.

Advisors

5%

Tokens set aside to reward the valuable guidance and strategic support provided by advisors. Their expertise ensures informed decision-making and successful execution of the project.

Development

12%

Tokens dedicated to the ongoing development of the CodeNekt platform, including product enhancements, technical updates, and expanding the blockchain infrastructure.

Ecosystem Incentives

15%

Tokens used to stimulate innovation and collaboration within the ecosystem. These will be allocated to developers, entrepreneurs and partners to create new products and services.

These tokens will also be used for marketing and communication needs but also for our community engagement (Rewards, Airdrops).

Liquidity (CEX / DEX)

10%

Tokens reserved for ensuring liquidity on both centralized and decentralized exchanges. This helps maintain an efficient market for the CDK token.

Additional reserve

20%

A reserve fund set aside to address potential future needs, unexpected events, and project growth. This ensures flexibility and stability for long-term sustainability.

Reserves (Listing / Legal)

10%

Tokens are reserved for listing fees, legal expenses, and other regulatory costs that may arise during the token’s lifecycle, ensuring smooth operations and compliance.

4.4. Vesting strategy

In order to preserve the stability of the CDK price and encourage long-term commitment, we have planned a vesting process aimed at gradually releasing the tokens acquired by investors in a controlled manner.

As part of our strategy, vesting begins after a cliff period ranging from 3 to 6 months depending on the purchase round. CDK are then released monthly in a linear manner over a period of 12 to 24 months according to the same purchase rounds.

This mechanism guarantees a limited supply on the market in the short term, thus promoting a stable price, while aligning the interests of investors with those of the project in the long term.

Cliff and vesting periods:

 

Months Cliff

Months Vesting

Private Early Investors (Seed)

6

24

Private Sale round 1

3

12

Private Sale round 2

3

12

Public Sale (IDO, ICO)

7

Operating Team

12

24

Advisors

12

24

Development

9

36

Ecosystem Incentives (marketing 50% stacking 50%)

60

Liquidity (CEX and DEX)

6

1

Additional reserve subject to burn

6

60

Reserve (listing, legal…)

60

4.5. Staking

CodeNekt offers CDK Staking to reward the engaged community members. The token holders lock their tokens in exchange for rewards, promoting long term holding and ecosystem stability. The CDK holders can stake their tokens, which are then locked for the Staking round duration and earn rewards for their participation.

Staking Mechanism

The key features of our staking mechanism are :

  • Participants who stake an equal amount of tokens for the same lock period receive identical rewards, guaranteeing equitable treatment for everyone.
  • Monthly claims: Stakers can claim their rewards on a monthly basis, offering regular access to earned incentives.
  • Compound rewards: Stakers have the option to compound their claimable rewards, allowing for potentially higher returns by reinvesting earned rewards into the staking process.

Unstaking process: At the end of a staking round, all staked tokens are returned to their holders, accompanied by any remaining unclaimed rewards.

5. CodeNekt Ecosystem

The idea for CodeNekt was born in 2017 with the vision of creating a solution to ensure reliable vehicle history tracking.

Over the past five years, the team has focused all its energy on developing the most innovative and value-driven solutions for end users.

The result of these years of research and development has transformed CodeNekt into a comprehensive ecosystem offering multiple automotive-focused products.

5.1. CodeNekt Blockchain

At the start of the project, we used Algorand as our blockchain platform to develop our smart contracts. However, as the project evolved, we recognized the need for a more tailored and scalable technological framework to support our growing ecosystem.

This realization led us to create our own Layer 1 (L1) blockchain based on Avalanche technology. By building a custom L1, we ensure greater flexibility, scalability and control over the development of our ecosystem. It allows us to implement features specifically designed for the automotive industry while fostering innovation and long-term growth.

5.2. CodeNekt APP

The CodeNekt app is designed for individuals, offering an innovative way to manage and track vehicle history while providing much more. It simplifies access to essential automotive data, enabling users to stay informed about their vehicle’s condition, maintenance records and key events, ensuring transparency and peace of mind.

Key Features

  • Vehicle History Tracking: Stay updated on your car’s maintenance, repairs, and inspections in real time.
  • Smart Reminders: Get notified about upcoming services, insurance renewals, and technical inspections.
  • Digital Wallet Integration: Securely store vehicle-related documents like -registration, insurance, invoices and warranties.
  • Data Security & Ownership: Your data is stored securely on the blockchain, ensuring transparency and full ownership.

 User Interface & Expérience

  • The CodeNekt app features an intuitive and user-friendly interface designed for seamless navigation:
  • Easy Onboarding: A quick registration process helps users start tracking their vehicle instantly.
  • Personalized Dashboard: Customize your vehicle profile and receive tailored insights and updates.
  • Real-Time Notifications: Stay informed about your car’s status and receive alerts for any critical updates.

Data at Your Fingertips: Access your car’s history and important documents anytime, anywhere.

5.3. CodeNekt SaaS

CodeNekt SaaS is a comprehensive fleet management platform designed for fleet managers and automotive professionals. It streamlines vehicle monitoring, maintenance scheduling, and document management through an intuitive, blockchain-powered interface. This solution ensures operational efficiency, cost reduction, and real-time data transparency for better decision-making.

Company drivers use the mobile app connected to the SaaS to update vehicle fleet data in real time.

Key Features :

  • Fleet Monitoring: Track vehicle data, mileage and usage in real time.
  • Maintenance & Service Management: Schedule maintenance tasks, receive service reminders and manage repair histories.
  • Document Management: Centralize important documents such as registrations, insurance policies, invoices and inspection reports.
  • Blockchain-Powered Security: Ensure data integrity and transparency with blockchain-backed records.
  • Reporting & Analytics: Generate detailed reports on fleet performance, expenses and operational metrics.

User Interface & Expérience :
The CodeNekt SaaS platform provides a professional-grade interface tailored for fleet management:

  • Dashboard Overview: A customizable dashboard for quick insights into fleet status and key metrics.
  • Automated Alerts: Receive automatic alerts for maintenance, insurance renewals and compliance deadlines.
  • User Access Control: Manage team permissions and ensure secure access to fleet data.
  • Data-Driven Decisions: Use advanced analytics and predictive insights to optimize fleet operations.

Mobile App: Connect employee usage and provide real-time information for more efficient management of the vehicle fleet.

5.4 CodeNekt Roadmap

Q3 2019: Launch

The idea of ​​vehicle history traceability born in 2017 gave birth to the startup

Team recruitment, drafting of specifications

2020-2021: Alpha

Development of a first proof of concept of the mobile app.

Vehicle identity over NFT.

Development of the first smart contracts on Algorand

2022-2023: NFT

Design of the NFT environment

First developments on Avalanche: L1, NFT, CDK

2024: SaaS and CodeNekt Blockchain

– SaaS platform launch. Onboarding of the first BtoB customers

– Launch of CodeNekt Blockchain on Testnet

– Development of the CDK token management platform

Q1 2025

Release of the CDK token on the market 

IDO

Prospecting for international partners

Q2 2025

First listings on DEXs / CEX Tier2

Partnerships with major  automotive players

Product: AI implementation

Ambassador Program

Q3 2025

CodeNekt L1 on Mainnet

Commercial test phase in Europe and UAE (Car dealers, Repair networks, Fleet management)

Q4 2025

Listing on CEXs Tier1

RWA tests on DeFi

2026

Opening the CodeNekt Blockchain to other players in the automotive sector

Deploying RWA Cars on DeFi

2027

CodeNekt Ecosystem Deployment Internationally: Global Standard