Peer-to-peer for the Blockchain Era

Tokens at $0.00001

Stages 1 - 50 (CURRENT 3/50)

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What is MyTeslaToken?

Learn more about our technology

Peer to peer

Blockchain builds on the idea of P2P networks and provides a universal data set that every actor can trust, even though they might not know or trust each other. It provides a shared and trusted ledger of transactions, where immutable and encrypted copies of information are stored on every node in the network. Economic incentives in the form of native network tokens are applied to make the network fault tolerant, and attack and collusion resistant.

Market opportunity

The global blockchain technology market size was valued at USD 3.67 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 82.4% from 2021 to 2028. Blockchain has emerged as a highly promising technology in the IT domain. It is an open, immutable, distributed public ledger that can be accessed by several parties involved in the transaction and acts as a universal depository of all transactions between the involved parties. The increasing acceptance of cryptocurrency worldwide is one of the major factors driving market growth.

Our solution

The vision for MyTeslaToken is to bring investment opportunities to everyone through using the power of blockchain technology. We are breaking down the barriers that exist in the current system by allowing MyTeslaToken users to contractually own a fractional amount of a Tesla hire car company for all to see on the blockchain.

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Our Roadmap

Executive Team

Meet the people behind MyTeslaToken

Frequently Asked Questions

What is Blockchain?

A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

What is Block?

Blocks hold batches of valid transactions that are hashed and encoded into a Merkle tree. Each block includes the hash of the prior block in the blockchain, linking the two. The linked blocks form a chain. This iterative process confirms the integrity of the previous block, all the way back to the original genesis block.

Hard fork? What's that?

A hard fork term refers to a situation when a blockchain splits into two separate chains in consequence of the use of two distinct sets of rules trying to govern the system. For example, Ethereum has hard-forked to “make whole” the investors in The DAO, which had been hacked by exploiting a vulnerability in its code. In 2014 the Nxt community was asked to consider a hard fork that would have led to a rollback of the blockchain records to mitigate the effects of a theft of 50 million NXT from a major cryptocurrency exchange. The hard fork proposal was rejected, and some of the funds were recovered after negotiations and ransom payment.