NOW YOU CAN BUY YOUR CAR WITH BITCOIN AutoBay

hancon (25)in #token • 6 years ago

Cryptocurrency is doing wonders every day. Many of the E-commerce businesses are adopting this transparent method of payment, as cryptocurrency is a transparent and secure way of payment.

After the Bitcoin got the boom, the crypto world has seen many ventures coming up and offering services in exchange for the cryptocurrency.

Cryptocurrency is on the road to revolutionizing this world. It not just offers trades, it also offers many ventures to adopt cryptocurrency in their business, you can buy products online with your bitcoins, you can pay for hotel booking with your bitcoins, even you can buy or sell cars now.

Crypto world has another one of its kind venture that is decentralized and provides an E-commerce platform to buy, sell and auction cars with cryptocurrency.

AutoBay (ABX) is based on the Ethereum Blockchain technology, one of the strongest technology for Dapps. AutoBay (ABX) has provided a unique solution to car buying and selling industry.

People needed a transparent and secure method of buying cars as to get FIAT currency from the bank is a pain then to carry such amount of FIAT currency is not secured.

AutoBay (ABX) provides a platform with website and Dapp, where a buyer can search for any vehicle and add it to his interest. Later on, both the seller and buyer will share profiles with each other and decide a place to meet.

If buyer liked the car then immediately he can pay for the AutoBay app with Bitcoin, Ethereum or AutoBay tokens. The payment method is highly secured and transparent, once the payment is done a block will be formed in the Ethereum blockchain to keep the record of the transaction.

The AutoBay tokens (ABX) will be used to create a smart contract between buyer and seller regarding the specification of car and amount.

Along with ABX two other cryptocurrencies, Bitcoin and Ethereum will also be used as a payment method. Pre-ICO will have two rounds and the first round of private sale will begin in May 2018.

The crowd sale will begin in July 2018 having a fixed number of emitted token ‘945 Million’. 44% of the tokens will be available for crowd sale while 10% for pre-sale. The major of the funds will be allocated to marketing, development and operating expenses.

Team composition and experience is the most important thing for any venture to nail the ICO. AutoBay seems to have a balanced and experienced team with Alejo Serrano as CEO, he is the early adopter and developer of cryptocurrency with more than 30 projects on his profile. Moreover, they have former product developer of PlayStation on board. They also have some great talented and experienced advisors such as; Melody Bohn, Nicolas Di Pietro, and others. So, AutoBay team looks pretty solid and experienced and will attract many investors during the crowd sale.

09 May — 08 June 37%
26 June — 09 July 27%
10–23 July 17%
24 July — 06 August 7%

Tokens for sale 510,300,000

Investment info

Min. investment 200 USD
Accepting ETH, BTC
Distributed in ICO 54%

Soft cap 1,000,000 USD
Hard cap 24,000,000 USD

Roadmap

Q1 2017
Product concept developed. Company founded, Team Assembled.

Q2 2017
Website and Dapp designed.

Q3 2017
Advisors join the team. Beta Autobay Website developed MVP.

Q4 2017
Autobay ABX Token created.
Tokensale website developed.

Q1 2018
Autobay promoted in websites and Social Networks.

Q2 2017
Pre Sale & Crowdsale launch.
Reward Auction granted.