Hello everyone, I will introduce Projects that will Facilitate worldwide vehicle purchases, assessment and access specifications, BlockChain-based product suite that will be of paramount importance as well as automotive industry standards, This project called AutoBlock and AutoBlock aims to resolve the most prominent disputes in the industry automotive and use blockchain technology to do so.
AutoBlock will revolutionize the automotive industry and make it transparent so sales and purchases can take place without mishaps.
TODAY'S PROBLEM
BUYING CARS WITH CRYPTOCURRENCY
One of the biggest challenges facing Cryptocurrencies is mainstream adoption. Many of the projects within the space are building platforms for the future where there is no immediate use case. Auto Block is giving you a platform to be able to buy and sell your vehicles using cryptocurrency without having to exchange them for fiat thus solving the user two problems. The first, they do not have to go through a long process of exchanging crypto to fiat and having their assets slowly decrease through exchange and bank fees, and secondly, a platform where you can use your crypto assets in the ‘Real world’.
FINDING CAR DEALERS THAT ACCEPT CRYPTO
Our research team have spent weeks scouring the internet and calling registered dealers to find out if they accept any form of cryptocurrency. Less than 10 dealers did, each of which was a small dealership and privately owned. So consumers wanting to spend their cryptocurrency for that new car, actually had very limited to no options,
ACCESS AND ACCURACY OF VEHICLE DATA
The auto industry currently relies on monopolised data and valuation systems that are at best subject to external influences and manipulation [Valuations] and at worst are unavailable in detail to the public [Data].
The outdated infrastructure upon which these essential existing industry standard tools are built is actively impeding natural growth, particularly in the field of new vehicle sales in developing markets. Buyers research before buying. The ability to harness this data will enable many use cases including and not limited to governments, insurance companies, auctioneers, law enforcement and national car registries.
ACCESS TO AND ACCURACY OF VEHICLE VALUATIONS
Where vehicle valuations exist in developed and mature markets they are supplied by commercial organisations that almost have a monopoly. There exists a need for a decentralised global database that gives users immediate access to a wide range of vehicle valuations by age, mileage, spec and location.
Currently this data is unavailable or fragmented and is consequently offering inaccurate and differing valuations.
THE SOLUTIONS
BUYING CARS WITH CRYPTOCURRENCY
The Autocoin offers a simple and highly efficient transaction alternative that will become the automotive industry standard cryptocurrency. Thanks to its’ ease of use, acceptance, flexibility and transparency, The Autocoin will become the currency of choice by both car dealer and peer-to-peer transactions.
The team behind The Autocoin have realised the potential of introducing cryptocurrency to the automotive industry, and aim to capitalise on the benefits of simplifying vehicle transactions for buyers and sellers.
Some of the core benefits of using The Autocoin currency for buyers include:
- 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 chargebacks to zero.
- Easy international payments unencumbered by protracted exchange rate considerations.
- Significant choice of vehicles offered for sale via the website autocoincars.com
Some of the core benefits of using The Autocoin currency for sellers include:
- 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 Functions
Target
Soft Cap: 5,000 ETH Hard Cap: 40,000Token Nature
Autocoin will initially be ERC-20 tokens. Once our main net is live, we will be swapping all ERC-20 ATC tokens to ATC tokens on our native Blockchain on a 1:1 ratio.Token Type
Autocoin will be a Security token. Token holders will be entitled to a share of any profits made. Dividends will be paid out as a ratio of tokens held: total tokens.Number of Tokens
There will only ever be 400 Million tokens created.Value of Token
The token price will be 1 ATC = $0.25. The Ethereum rate will be pegged once the sale has started.Currencies Accepted
You can purchase Autocoin with Ethereum, Bitcoin or Litecoin.
Allocation of Tokens
Allocation of fund raised
- 11%=> Trade Connect
- 23%=> Development
- 10%=> Operations
- 8%=> Marketing
- 7%=> Licencing & Legal
- 5%=> Audit
- 6%=> Rewards
- 30%=> Endowment Funds
Distribution of total supply
- 20%=> Pre- Sale
- 35%=> ICO
- 19%=> Retain
- 15%=> Team
- 6%=> Bounty & Rewards
- 5%=> Seed Round
Road Map
A clearly defined roadmap and process towards both ICO and product delivery
OUR HISTORY
Idea of Auto Block - Q1-2017
- The idea for Auto Block is born
- Proof of concept
- First investment received
R & D - Q2-2017
- Research & Development
- Team finalising for the development
Intial Development - Q3-2017
- Development Started
- Initial private Investment Round
- White paper started
Regional Office - Q4-2017
- Regional Office Set up (London)
- Data gathering of over 30+ million
ICO & Team Plan - Q1-2018
- ICO Planning
- Team Hiring
- Seed Round Funding
Seed Round - Q2-2018
- Blockchain Development
- Pre-ICO Sale
- e-Wallet
ICO Lunch - Q3-2018
- ICO Launch
- 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
Up here explanation from me and to avoid all forms of fraud please look for accurate and reliable information or visit the Link I provide below:
WEBSITE:https://www.theautoblock.com/
WHITEPAPER:https://www.theautoblock.com/uploads/files/white-paper.pdf
ANN THREAD:https://bitcointalk.org/index.php?topic=4570049
FACEBOOK:https://www.facebook.com/AutoBlockX/
TWITTER:https://twitter.com/AutoBlockX
TELEGRAM:https://t.me/autoblockofficial
Username: Sadum
Link to Bitcointalk Profile:https://bitcointalk.org/index.php?action=profile;u=1393441