Hello Guys, welcome on my blog! Today I will talk about a very exciting ICO project. We will discuss how AutoBay is implementing blockchain technologies in a decentralized industry, and we will also talk in detail about the details of the ICO.
What Is AutoBay?
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over 80,000,000 new cars are sold worldwide and only in the US over 100,000 used cars are sold every day, through an outdated, cash depending process.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 allows you to buy, sell and auction new and used cars from private sellers and dealerships from all over the world in the largest blockchain based e-commerce environment. You will be able to pay with cryptocurrencies for the car you want with low transaction rates and with the security of a cash free payment process.
Autobay will allow user reviews to create the ideal environment for safe and secure transactions to happen, allowing buyers to get reviews on sellers and dealerships. Sellers on the other hand will boost their sales through a backend platform that will allow them, among other tools, to see statistics on each posted vehicle and the list of interested potential buyers.
Using AutoBay Blockchain Car Dealership E-Commerce Platform
Search
You can search for the car you want on the AutoBay Dapp and website. You can easily customize your search to add the filters you want such as the brand, year of manufacture, model, mileage or distance. You can even adjust your results to find cars, motorcycles, and even trucks within a 20 miles radius from your location.
Visit
Once you find a car, truck or motorcycle you want, click on interested icon. The site will provide you with the seller’s address and their profile information. The seller will also get your profile information such that by the time you go to view the car he or she already has your personal details. This will get you acquainted with the dealer and the dealer will be able to organize for your pickup. It also helps dealers understand the demand for their vehicles.
Cashless Payment
Once you see the car and you are sure it is the one you want, you do not have to have cash in hand. The platform allows you to give an advanced payment or you can directly pay using the AutoBay Tokens (ABX). You can also pay using Bitcoins (BTC) or Ethereum (ETH) with no need for cash payment. This makes the platform a safe and secure option for buying your car.
AutoBay Advantages
- Safe payment: The use of smart contract ensures the transactions between parties is safe and secure.
- Low Fees: The eliminations of intermediaries will result in low fees that can be paid in ABX, ETH or BTC
- Utility: The ABX token will be used as a utility token to pay for vehicles and also for car posting in e-commerce sites.
- Rewards: Users who will use ABX will be rewarded with discounts, promotions, and other rewards
- User verification: Users will be verified using mobile number, social media platforms, and user reviews
- Better User Experience: No cash payment is needed and the payment process is stress-free, simple, and easy
- User Reviews: Users of the platform will be reviewed which will create a fair and better community
- Secure Transactions: The use of blockchain technology ensures a solid registry for each detail of the transaction
AutoBay ABX Token ICO Details
The ABX token is an Ethereum token based on the ERC20 standard.
The token is valued at 1 ABX=0.0001 ETH.
The payment methods you can use include BTC and ETH.
The public sale is set to start on 10th July 2018
The public sale will end on 23rd July 2018.
For more information, please visit the link below:
Author: safazara
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
Ann Thread : https://bitcointalk.org/index.php?topic=3327461
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1783327
mytherwallet: 0xb7cA53C6b42E6B8a5bEFA6d3C4B24Bf8ce6c82bD