AUTOBAY IS THE FIRST DECENTRALIZED E-COMMERCE PLATFORM TO BUY, SELL & AUCTION ANY VEHICLE WITH CRYPTOCURRENCY

As the popularity and mainstream acceptance of blockchain and crypto currency increase, traditional investors have sought more exposure to these digital assets and blockchain-based technologies. However, there are certain challenges when it comes to integrating the world of digital currencies and the world of traditional finance.

Investors, who use digital currencies, must now interact with some counter parties to successfully manage their risks and portfolios. These counter parties are traditional banks, payment networks and financial services companies.

The majority of them do not understand the nature of the digital currency, which can lead to frustration, account freezing, losses, and not to mention the inefficiencies that come with switching between different asset classes. With the advent of blockchain, more and more users and businesses are starting to struggle to take advantage of existing infrastructure .

on this occasion I will provide an interesting information especially in Cryptocurrency world. The ICO project this time relates to the automotive world that is AutoBay. If you are interested in joining this project or you are interested in joining their project, it helps you read reviews that can help you get information that can help you in viewing their mission vision during project they.

Autobay is the first e-commerce platform based on Ethereum blockchain that lets users sell, buy, and auction cars using cryptocurrency as a method of payment. Autobay will be the largest automotive environment in the world whose primary goal is to create legitimacy into the cryptocurrency market by enabling the use of Bitcoin (BTC), Ethereum (ETH) and Autobay Tokens (ABX) as Financial Assets to acquire goods.

In almost 20 years from 1997 to 2006, the car business almost copied its generation, from 54,000,000 units to 94 million units made in one year. The car business chip went in two special units of principle, new and utilized vehicles. The expansion of people around the world who will now be able to access to buy vehicles, both truck family vehicles and people who use their cars used to buy others. These two meetings merged making the industry more than $ 3 trillion (US dollars) per year. To establish the case of the automotive industry used in China, which is the largest car market on the planet has grown by 10X in the last 10 years, coming to $ 94 Billon dollars in 2016 and only in the United States in 2017 over 37 million used cars sold

Problem

When buying a new vehicle almost everyone at one 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 cash sales policies alone, 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 like losing money, being robbed, payments with fake records 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 is outdated and unsafe. process.

Solution

Autobay is a patented e-commerce platform that allows users to promote their vehicles so everyone can view them online, enabling users from around the world to buy a 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 a 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 is interested in the buyer, he then searches for a post in a certain 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 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 worldwide, they will be a special event every time period depending on country, (ie once a month, after everyone from all over the world will have the opportunity to buy a car at auction directly and the offer will only be made in crypto currency.

HOW AUTOBAY WORK

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, mileage and distance so you can adjust to find results of cars, motorcycles or trucks within i.e. a 20 mile radius.

VISIT

Once you find the car you’re interested in, by clicking “I’m interested” You get the seller’s address and the profile and the seller get your profile information, so he knows in advance who will visit the car. Sharing this transparent information helps both parties in decision making and organization. Particularly dealers will be able to evaluate the demand of each vehicle

CASHLESS PAYMENT

Once you see the car and you decide to buy it, do not need cash! Autobay lets you provide advanced payments or pay directly with Autobay Token (ABX), Bitcoin (BTC) or Ethereum (ETH) without the need for cash payment, making Autobay the simplest and safest way to buy a car.

WHY SHOULD AUTOBAY?

SAFE PAYMENT

Secure & secure payments & transactions between parties

LOW COST

Secure & secure payments & transactions between parties.

Low-cost pay with ABX, BTC, and ETH

WEAKNESSES

Token is used as a payment for the purchase of vehicles and car listings on the our-commerce platform

GIFT

Promotions, discounts, and prizes will be awarded to users who pay with ABX through other cryptocurrencies

VERIFY USER

Verify users via social media, mobile numbers

BETTER EXPERIENCE OF USERS

Stress-free because it does not require cash payment, easy and simple transactions.

USER REVIEWS

Users will be reviewed to make the community better and fairer

DO NOT TRANSACTION

Blockchain ensures a solid registry for every transaction detail

Info Token

• Token ABX
• Ethereum Platform
• Type ERC20
• Price at ICO 1 ABX = 0.0001 ETH

BONUS

• Until May 08 47%
• May 09 - June 08 37%
• 26 June - 09 July 27%
• 10 - 23 July 17%
• July 24 - August 6 7%
• Token sold 510.3 million

Investment info

• Min. investment 200 USD
• Receive ETH, BTC
• Distributed in ICO 54%
• Soft cap 1,000,000 USD
• Hard cap 24 million 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.

Q3 2018

Decentralized platform and Dapp Beta Trial. Marketing campaign for the platform.

Q4 2018

Autobay website & Dapp Platform Launch.

Q1 2019

Marketing campaign for Autobay Auction.

Q2 2019

Launch of Auction platform.

Q3 2019

Offering 3 Car manufacturers an Official Store inside the platform to test for a period of 4 months.

Q4 2019

Marketing Campaign for those 3 Official Stores.

Q1 2020

Launching 3 Official Stores on a

beta testing for 4 months.

Q2 2020

Offering other car manufactures the possibility of opening an Official Store.

Q4 2020

Launching official Stores for Car Manufacturers within the platform.

Q3 2020

Marketing Campaign for Official Stores.

Team

Advisors

Conclusion

Cryptocurrency such as Bitcoin has solved many payment and cash transfer problems. ICO happens daily to solve some major problems and AutoBay is one of the most promising ventures because it touches the car market with a value of over $ 3 trillion, with a unique and revolutionary idea of selling and buying a car with cryptocurrency.

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/autobaybounty
• Bounty Thread: https://bitcointalk.org/index.php?topic=4686641
• JST Thread: https://bitcointalk.org/index.php?topic=3327461

Username: Vario hitam

My Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1624712

Ethereum address: 0xB2d70D6535e16EE25c26f96530254d1f0d73812F