Autobay is the first ecommerce platform based on the Ethereum blockchain that allows users to sell, buy and auction vehicles using cryptocurrencies as payment method. Each year over 80,000,000 new cars are sold worldwide and only in the US over 100,000 used cars are sold every day, through an outdated, cash depending process. Autobay's vision is to create real value to cryptocurrencies allowing them to act as a financial asset to purchase goods (vehicles in this case) while solving a day to day problem of the car industry, creating a much safer, simpler and secure process to purchase vehicles. Autobay's main objective is to create legitimacy to the cryptocurrency market by allowing the use of Bitcoins (BTC), Ethereum (ETH) and Autobay Tokens (ABX) as financial assets to acquire goods (cars, trucks and motorcycles).
Autobay is a decentralized web based business stage that enables clients to advance their vehicles for the viewing pleasure of anyone passing by them web based permitting clients from everywhere throughout the world to buy such vehicles utilizing digital currencies as an installment technique Autobay makes a much rearranged, safe experience when purchasing a vehicle, enabling individuals to purchase an auto in only 3 simple and safe advances. Stage one, the individual needs to peruse for the auto they need, utilizing channels that abbreviate their inquiry to particular brand, demonstrate, year,millage,price range and area (span in km).
In very nearly 20 years from 1997 to 2006 the car business nearly copied its generation, from 54,000,000 units to 94,000,000 units created in one year. The car business chips away at two principle specialty unit, new and utilized vehicles. The expansion in populace around the globe that would now be able to access to purchase a vehicle, either a truckor family vehicle and those individuals that pitch their utilized autos to buy another one. This two gatherings 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 biggest 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 United 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 squeezing the “Purchase” catch he createstheSmart Contractin 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 blockchaincreating 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 protected, secure and peaceful process
Problems
When purchasing a new vehicle almost everyone at some point must bring FIAT currency in cash, either from or to the bank or from their home to a dealer that involves a stressful and insecure process. When buying used cars, we realize that the entire industry is based on a cash-only sales policy, creating greater uncertainty during the process. Furthermore, when buying used cars from private sellers, people are forced to travel to unknown locations, where unknown sellers claim to own the cars they want and make cash transactions in very uncomfortable situations. Risks such as losing money, being robbed, payment with fake notes and lost time are part of the risk involved in cash payments. Over the past 100 years, the process of purchasing vehicles has been the same part, and it's outdated and unsafe. process.
Solutions
Autobay is a patented e-commerce platform that allows users to promote their vehicles so everyone can see them online, allowing users from all over the world to purchase the vehicle using cryptocurrency as a payment method. Theautobay creates a much simpler and safer experience when buying a vehicle, allowing people to buy a car with just 3 easy and safe steps.
The first step, the person must find the car they want, using a filter that shortens their search for brand, model, year, millage, price range and specific location (radius within km).
The second step, when someone finds the car they want, either new or used, they just click the button that appears in the publication that says I'm interested, which means that they are willing to visit the location where the vehicle is located, to assess the car. By pressing the button I am interested, both parties, the seller and the buyer receive each other's profile information.
The third step, and most importantly, when the person agrees to buy a vehicle does not need a cash payment, the only thing the buyer should do is open the Decentralized Autobay app on their mobile device, enter the "I'm interested" menu, where the list of all cars who is interested in 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, choose the cryptocurrency he wants to pay with and by pressing the "Buy" button he creates the Intelligent Contract in Ethereum Blockchain paying for cars.
Autobay will also allow Auctions at any given time. Auctions will not be a regular feature that will be present on the platform every day, but as happens in Auto shows around the world, they will be a special event every specific time period depending on the country, (ie once a month, 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 larger audience to show off his vehicle.
Buyers will have a larger vehicle display 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 before Pre-Sale - General Sale of Autobay token at a discounted price to pay for the vehicle at a later date at a higher price.
Buyers will have a larger vehicle display 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 before Pre-Sale - General Sale of Autobay token at a discounted price to pay for the vehicle 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 also be used to pay for publication of vehicles 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 creating a higher utility for ABX Tokens.
AutoBay allows you to buy a vehicle in 3 easy steps :
Search
The Autobay Dapp and website allows you to search for the car you want, adding 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.
The Autobay Dapp and website allows you to search for the car you want, adding 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 interested in, by clicking "I'm interested" you get the sellers address and profile and the seller obtains your profile information, so he knows before hand who is going to visit the car. This helps dealerships get organized and understand the demand of each of their vehicles.
Once you have found the car you are interested in, by clicking "I'm interested" you get the sellers address and profile and the seller obtains your profile information, so he knows before hand who is going to visit the car. This helps dealerships get organized and understand the demand of each of their vehicles.
Cashless Payment
Once you have seen the car and you decide to buy it, there is no need for cash, Autobay allows you to give an advanced payment or directly pay with Autobay Tokens (ABX), Bitcoins (BTC) orEthereum (ETH) with no need 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 used as a payment for purchasing vehicles and car posting in e-commerce platform
REWARDS
- Promotions, discounts and rewards will be awarded to users paying with ABX over other cryptocurrencie.
USER VERIFICATION
- User verification through social media, mobile number, user reviews, etc
BETTER USER EXPERIENCE
- Stress free experience as no cash payment is required, easy and simple transactions
USER REVIEWS
- Users will be reviewed creating a better and fair community
SECURE TRANSACTION
- The blockchain ensures 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
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% LEGAL, TAXES & CORPORATE FEES
10% NEW PRODUCT DEVELOPMENT
38% MARKETING OF THE PLATFORM
8% LEGAL, TAXES & CORPORATE FEES
10% NEW PRODUCT DEVELOPMENT
4% MISC
Expenses Marketing
44% ONLINE ADVERTISING
20% DOOH (DIGITAL OUT OF HOME)
36% TRADITIONAL ADVERTISING
20% DOOH (DIGITAL OUT OF HOME)
36% TRADITIONAL ADVERTISING
Operating Expenses
42% COMPANY OPEX
30% PLATFORM DEVELOPMENT
16% PRODUCT IMPLEMENTATION
30% PLATFORM DEVELOPMENT
16% PRODUCT IMPLEMENTATION
Roadmap
Team
Advisor
For more information, visit the link below:
Website : https://www.autobay.io/
Whitepaper : https://www.autobay.io/whitepaper
Facebook : https://www.facebook.com/Autobay.io/
Twitter : https://twitter.com/Autobayio
Telegram : https://t.me/joinchat/ITvfuxJDzSr2ahw5Mvh-Lg
Bounty Thread : https://bitcointalk.org/index.php?topic=3329843.0
ANN Thread : https://bitcointalk.org/index.php?topic=3327461
Whitepaper : https://www.autobay.io/whitepaper
Facebook : https://www.facebook.com/Autobay.io/
Twitter : https://twitter.com/Autobayio
Telegram : https://t.me/joinchat/ITvfuxJDzSr2ahw5Mvh-Lg
Bounty Thread : https://bitcointalk.org/index.php?topic=3329843.0
ANN Thread : https://bitcointalk.org/index.php?topic=3327461
Article by :
USERNAME : MAWARBODAS
MY PROFILE BITCOINTALK :
