The automobile industry is one of the largest in the world. Not only are manufacturers striving to provide the best and most convenient vehicle for their consumers, but people all around the globe buy and sell cars for profit.
Because this is such a widespread market, there are a few problems with the systems which create a lot of hassle but AUTOBLOCK is presenting platform with solutions to problems in the automobile industry with the use of blockchain technology.
The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is AUTOBLOCK
Because this is such a widespread market, there are a few problems with the systems which create a lot of hassle but AUTOBLOCK is presenting platform with solutions to problems in the automobile industry with the use of blockchain technology.
The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is AUTOBLOCK
ABOUT AutoBlock
AutoBlock is a proud element, providing convenience and reliability, suitable for the automotive sector. Auto Block offers a number of unique products, but not crypto currency, which allows you to not only safely and quickly make transactions, but also gives you full access to the data, history and cost of the purchased car. Transparency for the buyer, as well as for the buyer. AutoBlock will revolutionize the automotive industry and make it transparent, which will simplify sales and purchases. Auto Block project is trying to link the automotive industry with cryptocurrency. It will enable car dealers to accept cryptocurrency as a payment option. The project has a sales portal called, “autocoinscar.com” where car dealers can sell the cars and accept cryptocurrency as a payment. This project also provides a platform for car dealers and buyers where they can access to an effective live car valuation tool. Autocoin will be the token which will be used in this platform for carrying out the transactions.
The Problem
Cryptocurrency cannot be used today directly in the real world. Autoblock has provided a real use case where cryptocurrency can be used to buy and sell cars. This eliminates the need to go through long procedures of converting cryptocurrency to fiat.
People who want to buy a car using cryptocurrency find it very difficult to find such cars online. Very few dealers are there who are willing to accept crypto but still hesitate to transact through cryptocurrency.
The current automotive industry is centralized because of which people are unable to get access to accurate valuation data. There are many external influences which result in manipulation of car valuation data.
The Solutions
Autocoin will be the cryptocurrency token that will be used in this platform. Autocoin will ease the process of buying and selling cars using cryptocurrency. People can buy cars anywhere in the world using Autocoin. Users will also get more security as this will not require the storage of bank details of the buyers. Sellers also get many benefits such as they accept crypto as a payment option worldwide. The transaction fee is much lowers and there is no entry fee to accept Autocoin as a payment option.
Autocoincars.com is a portal which displays new and used vehicles, performance of the cars, prestige and classic cars. Buyers can access this portal where they get wide variety of choices to buy the cars using cryptocurrency. Car dealers list their cars on this portal and they also get incentives for accepting Autocoin as a payment option. This portal also consists of car data and valuation services which enables buyers to check all the information before making a purchase.
AutoBlock EcoSystem
At the heart of AutoBlock is our hybrid blockchain technology, utilizing the best of public and private blockchains. This will allow for the seamless transfer of vehicle data using smart contracts which forms the foundation of our fair vehicle valuations platform; purchasing a car through the portal, transferring the funds instantly and cashing out the proceeds in either fiat, crypto or both via our internal exchange. The AutoBlock platform will help you in looking up car data and using it to make a wise decision. Even if you have no clue about a particular car and its value, accessing The AutoBlock valuation system will help you in getting the right deal.
The Core Benefits of Using The Autocoin Currency For Buyers:
Ability to purchase vehicles worldwide using The Autocoin
Significantly lower transaction fees – fast and easy payment without add-on bank charges.
Immediate settlement – no waiting period for transactions to mature (i.e., instant availability).
Security against identity theft – no credit card or bank details being stored by third parties.
The Autocoin utilises a 'push' based payment system that forwards a payment upon your request, rather than a payment being requested [or ‘pulled’] by a merchant once you have submitted your sensitive bank or card details.
The highest level of fraud prevention – thanks to the platform’s utilisation of blockchain technology, Autocoin has reduced the risks of counterfeits and charge backs to zero.
Easy international payments unencumbered by protracted exchange rate considerations.
Significant choice of vehicles offered for sale via the website autocoincars.com
The Core Benefits of Using The Autocoin Currency For Sellers:
Free exposure of vehicles offered for sale worldwide via autocoincars.com
Fast and easy transaction
No cost entry to accept The Autocoin as a payment solution
Lower transaction fees
Easy worldwide payment acceptance
Ability to retain The Autocoin in digital wallet for investment or other purchases or option to convert to fiat upon transaction completion
Team of expert support and advice staff available
Annonimity of buyer
The AutoBlock platform will help you in looking up car data and using it to make a wise decision. Even if you have no clue about a particular car and its value, accessing The AutoBlock valuation system will help you in getting the right deal.
TOKEN AND ICO DETAILS
1 Autocoin = $0.25
Soft Cap: 5000 ETH
Hard Cap: 40,000 ETH
Private sale Ends: August 15, 2018
Main Sale starts: September (TBC)
There will be a total of 400 Million Autocoins, of which 220 Million (55%) will be available at all stages of the token sale.
You can participate here: https://www.theautoblock.com/uploads/files/how-to-buy.pdf
ALLOCATION OF FUNDS
Trade Connect: 11%
R&D: 23%
Operations: 10%
Marketing: 8%
Licensing & Legal: 7%
Audit: 5%
Endowment Fund: 30%
Bounty: 6%
R&D: 23%
Operations: 10%
Marketing: 8%
Licensing & Legal: 7%
Audit: 5%
Endowment Fund: 30%
Bounty: 6%
ALLOCATION OF TOKENS
Pre Sale & ICO: 55%
Team: 15%
Retain: 19%
Bonus & Rewards: 6%
Seed Round : 5%
Team: 15%
Retain: 19%
Bonus & Rewards: 6%
Seed Round : 5%
ROADMAP
Idea of Auto Block - Q1-2017
The idea for Auto Block is born
Proof of concept
First investment received
Proof of concept
First investment received
R & D - Q2-2017
Research & Development
Team finalising for the development
Team finalising for the development
Intial Development - Q3-2017
Development Started
Initial private Investment Round
White paper started
Initial private Investment Round
White paper started
Regional Office - Q4-2017
Regional Office Set up (London)
Data gathering of over 30+ million
Data gathering of over 30+ million
ICO & Team Plan - Q1-2018
ICO Planning
Team Hiring
Seed Round Funding
Team Hiring
Seed Round Funding
Seed Round - Q2-2018
Blockchain Development
Pre-ICO Sale
e-Wallet
Pre-ICO Sale
e-Wallet
ICO Launch - Q3-2018
ICO Launch
Exchange Listing
Mobile App
Services would be live for Members (Alpha Version)
Exchange Listing
Mobile App
Services would be live for Members (Alpha Version)
Payment System - Q4-2018
Geographical expansion
Payment system Launch Alpha version
Valuation Services to Indian Market and in South Africa
Payment system Launch Alpha version
Valuation Services to Indian Market and in South Africa
TEAM
FOR MORE INFORMATION PLEASE VISIT THE LINKS BELOW;
Web site: https://www.theautoblock.com/
Telegram: https://t.me/autoblockofficial
Facebook: https://www.facebook.com/AutoBlockX/
Twitter: https://twitter.com/AutoBlockX
Github: https://github.com/autoblockx/
Medium: https://medium.com/@autoblockx
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
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