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Tuesday 15 May 2018
Autobay — An Advanced Decentralized Platform Optioned For Buying & Selling Of Cars With Cryptocurrency In Blockchai
Autobay is the first ecommerce platform predicated on the Ethereum blockchain that sanctions users to sell, buy and auction conveyances utilizing cryptocurrencies as payment method. Each year over 80,000,000 incipient cars are sold ecumenical and only in the US over 100,000 used cars are sold every day, through a pass�, cash depending process.
Autobay’s vision is to engender authentic value to cryptocurrencies sanctioning them to act as a financial asset to purchase goods (conveyances in this case) while solving a day to day quandary of the car industry, engendering a much safer, simpler and secure process to purchase conveyances. Autobay’s main objective is to engender legitimacy to the cryptocurrency market by sanctioning the utilization of Bitcoins (BTC), Ethereum (ETH) and Autobay Tokens (ABX) as financial assets to acquire goods (cars, trucks and motorcycles).
Autobay is a decentralized web predicated business stage that enables clients to advance their conveyances(vehicles) for the viewing congeniality of anyone passing by them web predicated sanctioning clients from everywhere throughout the world to buy such conveyances utilizing digital currencies as an installment technique Autobay makes a much rearranged, safe experience when purchasing a conveyance, enabling individuals to purchase an auto in only 3 simple and safe advances. Stage one, the individual needs to peruse for the auto they require, utilizing channels that abbreviate their inquiry to particular brand, demonstrate, year, millage, price range and area (span in km).
In very proximately 20 years from 1997 to 2006 the car business proximately facsimiled its generation, from 54,000,000 units to 94,000,000 units engendered in one year. The car business chips away at two principle specialty unit, incipient and utilized conveyances. The expansion in populace around the globe that would now be able to access to purchase a conveyance, either a truck or family conveyance and those individuals that pitch their utilized autos to buy another one.
This two accumulations joined make an industry of over$ 3 Trillion (US Dollars) a year. To set a case the utilized auto industry in China, which is the most astronomically immense car market on the planet has expanded by 10X in the course of the most recent 10 years, coming to a $94 Billon dollar in 2016 and just in the Coalesced States in 2017 more than 37 Million utilized autos were sold
AutoBay Safe, Simple and Secure. inappears, he at that point searches for the post on the particular auto he wishes to purchase, and through an inserted wallet in the application, he can make a propelled store or the full installment, picking the cryptocurrency he wishes to pay with and by constricting the “Purchase” catch he creates the Smart Contract in the Ethereum Blockchain that pays for the auto.
Autobay will get straightforwardness the obtaining procedure as each and every exchange will be set as squares in the Ethereum blockchain creating a record of evidence of possession and records the majority of the information of the exchange making a record of the highlights of the auto that empowers future purchasers to monitor the autos history, making a bulwarked, secure and placid process
Quandaries When purchasing an incipient conveyance virtually everyone at some point must bring FIAT currency in cash, either from or to the bank or from their domicile to a dealer that involves a stressful and insecure process. When buying used cars, we realize that the entire industry is predicated on a cash-only sales policy, engendering more preponderant skepticality during the process.
Furthermore, when buying used cars from private sellers, people are coerced to peregrinate to unknown locations, where unknown sellers claim to own the cars they optate and make cash transactions in very uncomfortable situations. Risks such as losing cash, being purloined, payment with fake notes and lost time are a component of the jeopardy involved in cash payments. Over the past 100 years, the process of purchasing conveyances has been the same part, and it’s pass� and unsafe. process.
Solutions Autobay is a patented e-commerce platform that sanctions users to promote their conveyances so everyone can optically discern them online, sanctioning users from all over the world to purchase the conveyance utilizing cryptocurrency as a payment method. The autobay engenders a much simpler and safer experience when buying a conveyance, sanctioning people to buy a car with just 3 facile and safe steps.
The first step, the person must find the car they want, utilizing a filter that truncates their search for brand, model, year, millage, price range and categorical location (radius within km).
The second step, when someone finds the car they want, either incipient or utilized, they just click the button that appears in the publication that verbally expresses I’m fascinated, which betokens that they are disposed to visit the location where the conveyance is located, to assess the car. By pressing the button I am intrigued, both parties, the seller and the buyer receive each other’s profile information.
The third step, and most importantly, when the person concurs to buy a conveyance does not require a cash payment, the only thing the buyer should do is open the Decentralized Autobay app on their mobile contrivance, enter the “I’m intrigued” menu, where the list of all cars who is intrigued with the buyer, he then searches for a post in a particular car he wants to buy, and through a wallet embedded in Dapp, he can make an advanced deposit or full payment, want the cryptocurrency he wants to pay with and by pressing the “Buy” button he engenders the Keenly intellective Contract in Ethereum Blockchain paying for cars.
Autobay will withal sanction Auctions at any given time. Auctions will not be a conventional feature that will be present on the platform every day, but as transpires in Auto shows around the world, they will be a special event every categorical duration depending on the country, (ie monthly, once everyone from around the world will have a chance to buy a car at auction directly and the offer will only be made in crypto currency.
Benefits to be gained The seller will have a more sizably voluminous audience to show off his conveyance. Buyers will have a more sizably voluminous conveyance exhibit over local or regional Auctions. Buyers will be able to make payments through cryptocurrency at a very low cost. Buyers will be able to buy cryptocurrency either afore Pre-Sale — General Sale of Autobay token at a discounted price to pay for the conveyance at a later date at a higher price.
Autobay will exclusively accept Cryptocurrencies (BTC, ETH and ABX) as a payment method, no FIAT currency will be accepted. These cryptocurrencies will withal be acclimated to pay for publication of conveyances by users and as a payment method for companies to advertise their brand in advertisement banners within the site. Paying with ABX will offer users and companies a discount over Bitcoin (BTC) and Ethereum (ETH) benefiting users for having more competitive prices and engendering a higher utility for ABX Tokens. AutoBay allows you to buy a vehicle in 3 easy steps :
Search
The Autobay Dapp and website sanctions you to probe for the car you want, integrating filters to customize your search i.e. for brand, model, year, milage and distance so you can adjust to find results of cars, motorcycles or trucks within i.e. a 20 mile radius.
Visit
Once you have found the car you are intrigued with, by clicking “I’m fascinated” you get the sellers address and profile and the seller obtains your profile information, so he kens afore hand who is going to visit the car. This avails dealerships get organized and understand the authoritative ordinance of each of their conveyances.
Cashless Payment
Once you have visually perceived the car and you decide to buy it, there is no desideratum for cash, Autobay sanctions you to give an advanced payment or directly pay with Autobay Tokens (ABX), Bitcoins (BTC) orEthereum (ETH) with no desideratum of cash payment, making Autobay the safest way to buy a car.
Token Sale Timeline
Why Autobay
SAFE PAYMENT
Safe secure payment and transactions between parties. LOW FEES
Low fees paying with ABX, BTC and ETH UTILITY
Token utilized as a payment for purchasing conveyances and car posting in e-commerce platform REWARDS
Promotions, discounts and rewards will be awarded to users paying with ABX over other cryptocurrencie. UTILIZER VERIFICATION
Utilizer verification through convivial media, mobile number, utilizer reviews, etc BETTER UTILIZER EXPERIENCE
Stress free experience as no cash payment is required, facile and simple transactions UTILIZER REVIEWS
Users will be reviewed engendering a better and fair community SECURE TRANSACTION
The blockchain ascertains a solid registry for every detail of the transactions. Token Information
Token Name : Autobay Ticker : ABX Token Type : ERC 20 Token Emission : 945,000,000 Hard Cap : US $24,000,000 Token Price : ETH0,0001
Payment Method :
Only Bitcoin (BTC),Ethereum (ETH) cryptocurrencies are accepted to buy Autobay Tokens during the Presale and Crowdsale.
Allocation Of Founds
40% OPERATING EXPENSES 38% MARKETING OF THE PLATFORM 8% LICIT, TAXES & CORPORATE FEES 10% INCIPIENT PRODUCT DEVELOPMENT
4% MISC
Expenses Marketing
44% ONLINE ADVERTISING 20% DOOH (DIGITAL OUT OF HOME) 36% TRADITIONAL ADVERTISING
30% PLATFORM DEVELOPMENT
Operating Expenses
42% COMPANY OPEX 30% PLATFORM DEVELOPMENT 16% PRODUCT IMPLEMENTATION
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