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Home bitcoin blockchain ethereum ico Autobay is the first e-commerce platform based on the Ethereum blockchain

Autobay is the first e-commerce platform based on the Ethereum blockchain

12.23


Introduction

In almost 20 years from 1997 to 2006, the car business almost imitated its generation, from 54,000,000 units to 94 million units made in one year. The car business chip enters in two special vehicle units of principle, new, and utilized. 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 are used to buy others. These two meetings merged making the industry more than $ 3 trillion (US dollars) per year. To build the case of the automotive industry used in China, which is the largest car market on the planet has grown 10X in the last 10 years, coming to $ 94 Billon dollars in 2016 and only in the United States by 2017 over 37 million used cars sold

The cryptocurrency market has, by itself, seen remarkable increases in the market peaks around 2016 and 2017 and then again since December 2017 the wide fluctuations in their quality that create vulnerability to speculators and organizations that want to help develop a fixed cryptocurrency condition. The main purpose behind such a precarious outcome is to give way that many forms of digital money have no particular value, and not because there is a limited supply of cryptographic money forms and extraordinary demand made through its curiosity, and the extent of them at essentially offering the same thing, running as an installment strategy with little or no qualification between each other.

Cryptocurrency performs miracles every day. Many E-commerce businesses adopt this transparent payment method, because cryptocurrency is a transparent and secure way of payment.

Once Bitcoin is booming, the crypto world has seen many businesses emerge and offer services by exchange for cryptocurrency.

Cryptocurrency is on the way to revolutionize the world. Not only does it offer trade, it also offers a lot of effort to adopt cryptocurrency in their business, you can buy products online with your bitcoin, you can pay for hotel reservations with your bitcoin, even you can buy or sell cars now.

Crypto World has one more of its decentralized type of business and provides the E-commerce platform to buy, sell, and auction cars with cryptocurrency.

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 using 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
The Autobay platform offers server services and benefits through other platforms in the market, from financing solutions for people to access capital to purchase vehicles, to verified vehicles through their VIN number creating further assurance to buyers when buying a vehicle. To perform the service, Autobay has decided to find the most suitable partner to provide the best service and experience to its users when buying vehicles within the platform.
Currently, Autobay is working on and closing several partnerships with various blockchain-based companies in the automotive market, reviewing / rating and lending. We believe in offering the best service possible through our platform and the best guarantee for our Token holders. For this reason we decided to postpone the launch of Token PreSale on Wednesday August 1st.
Among the partnerships mentioned above, the most recent is Ink Protocol ( https://paywithink.com ), which partnered with Autobay to offer reviews and ratings for sellers within the platform. For more information about this partnership, please visit our news article on our website ( https://autobay.io ).

About AutoBay

Autobay lets you buy, sell, and auction new and used cars from private sellers and dealers from around the world in the largest neighborhood of blockchain e-commerce. You will be able to pay with cryptocurrency for your desired car with a low transaction rate and with a free cash payment process security.
Autobay will allow user reviews to create an ideal environment for safe and secure transactions to occur, enabling buyers to get reviews about sellers and dealers. Sellers on the other hand will increase their sales through a backend platform that will enable them, among other tools, to view stats on each vehicle posted and a list of potential buyers interested.
Autobay is the first e-commerce platform based on Ethereum blockchain that allows users to sell, buy, and auction vehicles using cryptocurrency as a method of payment. Every year more than 80,000,000 new cars are sold worldwide and only in the US more than 100,000 used cars are sold every day, through an obsolete money-dependent process. Autobay's vision is to create real value for cryptocurrency that enables them to act as a financial asset to buy goods (vehicles in this case) while solving everyday problems of the car industry, creating a much safer, simpler and safer process to buy vehicles. main Autobay is to create legitimacy into the cryptocurrency market by enabling the use of Bitcoin (BTC),

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 people agree to buy a vehicle does not need a cash payment, the only thing a buyer should do is open a decentralized Autobay app on their mobile device, enter the "I'm interested" menu, where a list of all the cars interested in the buyer, he then searches the post in the particular car he wants to buy, and through the wallet embedded in the Dapp, he can make an advanced deposit or full payment, select the cryptocurrency he wants to pay with and by pressing the "Buy" button, he creates the Contract Smart in Ethereum Blockchain who pays car.

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.

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 purchase cryptocurrency before Pre-Sales - General Sale Autobay tokens at a discounted price to pay for a later vehicle at a higher price.
Autobay will exclusively receive Cryptocurrency (BTC, ETH, and ABX) as a payment method, no FIAT currency will be accepted. Cryptocurrency will also be used to pay for vehicle publications by users and as a method of payment for companies to advertise their brands on in-site ad banners. Paying with ABX will offer users and discount companies on Bitcoin (BTC) and Ethereum (ETH) because it has a more competitive price and creates a higher utility for ABX Token.

AutoBay lets you buy a vehicle with 3 easy steps:


Search

The Autobay Dapp and website allow you to search for the car you want, add filters to customize your search ie for brands, models, year, milage and distance so you can customize to find car, motorcycle or truck results within 20 miles 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. This helps dealers get organized and understand the demand of each of their vehicles.

Payout Without Money

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

Why Autobay?

SAFE PAYMENT
Secure secure payments and transactions between parties.

LOW COST
Low cost pay with ABX, BTC, and ETH

UTILITY
Tokens are used as payments for vehicle purchases and car posts on e-commerce platforms

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

USER VERIFICATION
Verify users via social media, phone numbers, user reviews, etc.

BETTER USER EXPERIENCE
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

SAFE TRANSACTIONS
Blockchain ensures a solid registry for every transaction detail.


Info Token
  • Token ABX 
  • Platform Ethereum 
  • Type ERC20 
  • Price at ICO 1 ABX = 0,0001 ETH
BONUS
  • Up to May 08 47% 
  • May 09 - June 08 37% 
  • June 26 - July 09 27% July 
  • 10 - July 17% 
  • July 24 - August 6 7%
  • Token sold 510.3 million
Investment info
  • Min. investment 200 USD 
  • Received ETH, BTC 
  • Distributed in ICO 54%
  • Soft cap 1,000,000 USD 
  • Hard stamp 24 million USD

Roadmap



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Conclusion

Cryptocurrency such as Bitcoin has solved many payment and cash transfer problems. ICO happens every day 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:
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