Elio Motors Launching ICO To Build Cars? | Can Eliocoin Save This Car Company?

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According to a newly launched website, it looks like Elio Motors may be in the beginning phases of attempting to launch their own cryptocurrency called Eliocoin.

The controversial car company has been fund raising for their Elio automobile which has 3 wheels, seats 2 people, and somehow gets 84mpg on the highway. Although the original estimated costs were much lower than $7,000 the currently listed price on the company's website is about $7,450 for a base model.

The big question among Elio enthusiasts and skeptics alike is "Will this car ever come out?"

Elio Motors has certainly seen its fair share of fund raising, and has also seen some setbacks that have prevented them from being able to fully produce even their first unit for sale. Up until now all we have seen are working prototypes, which have done an extensive Press circuit at various PR events and auto shows around the world.

It remains to be seen if Eliocoin will be a success for this company, or if they still remain unable to get their act together to release a viable consumer product.

https://www.eliocoin.com/