AUTOBAY PROJECT-Buy your first car with bitcoin
In a fast paced and rapidly changing world of cryptocurrency, it is important for cryptocurrency owners, investors, analyst and everyone in the cryptocurrency space to be kept abreast of current trends, innovations and analysis. Absolute control over information is an herculean task if not nearly impossible, there is increased risk of harsh user experience in the world of cryptocurrency and a rapidly advancing technology such as blockchain.
In a world of hackers, fraudsters and individuals who seek to take advantage of other people’s naivety, it is important to have access to tools, data, analysis and information to keep one up to date of current event happening in the everyday crypto space. Information is power, with the right tools, you are indomitable. But gathering these information from various sources proved to be a time sapping and effort consuming task. A perfect solution would be to have an ecosystem which provides these tools to everyone ranging from investors to cryptocurrency experts or people who are newly venturing into the crypto world in one giant platform and this is where Autobay comes in.
Autobay is the first e-commerce platform based on Ethereum Blockchain, which allows users to sell, buy, and auction car crypto as a method of payment. Whether Autobay is the primary goal of legitimacy through the use of Bitcoin (BTC) to create the world’s largest automotive market cryptocurrency market, Ethereum (ETH) and Autobay mark (ABX) as a financial asset.
With Autobay you can buy, sell, and auction the neighborhoods in the biggest neighborhood of blockchain e-commerce. You can pay with cryptocurrency for your desired car with low transaction rate and secure free cash payment process.
Autobay is the first e-commerce platform based on Ethereum Blockchain, enabling users to sell, buy, and auction cryptocurrency vehicles as a method of payment. Every year, more than 80,000,000 new cars are sold worldwide and in US, more than 100,000 used cars are sold every day, through money-dependent and outdated processes. Autobay’s vision is to create a good cryptocurrency value, allowing them to act as a financial asset (in this case a vehicle) to purchase goods while the day-to-day problems of completion of the auto industry, to make a process much safer, easy and safer, a Vehicle to buy. Autobay’s primary goal is to create a market of the legitimacy of cryptocurrency by enabling the use of Bitcoin (BTC),
When purchasing a new vehicle almost everyone at some 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 a cash-only sales policy, 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 such as losing money, being robbed, payment with fake notes 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 it’s outdated and unsafe. process.
Autobay is a patented e-commerce platform that allows users to promote their vehicles so everyone can see them online, allowing users from all over the world to purchase the 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 the 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 who is interested in the buyer, he then searches for a post in a particular 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 by 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 around the world, they will be a special event every specific time period depending on the country, (ie once a month, once everyone from around the world will have a chance 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 buy cryptocurrency either before Pre-Sale – General Sale of Autobay Token at a discounted price to pay for the vehicle at a later date at a higher price.
Autobay will exclusively accept Cryptocurrencies (BTC, ETH and ABX) as a payment method, no FIAT currency will be accepted. These cryptocurrencies will also be used to pay for publication of vehicles by users and as a payment method for companies to advertise their brand in advertisement banners within the site. Paying with ABX will offer users and companies a discount over Bitcoin (BTC) and Ethereum (ETH) benefiting users for having more competitive prices and creating a higher utility for ABX Tokens.
AutoBay allows you to buy a vehicle in 3 easy steps:
The Autobay Dapp and website allows you to search for the car you want, Add filters to customize your search i.e. for brand, model, year, milage and distance so you can adjust to find results of cars, motorcycles or trucks within i.e. a 20 mile radius.
Once you have found the car you are interested in, by clicking “I’m interested” you get the sellers information and the seller obtains your information. This helps dealerships get organized and understand the demand of each of their vehicles.
Once you have seen the car and you decide to buy it, there is no need for cash. Autobay Tokens (ABX), Bitcoins (BTC) orEthereum (ETH) with no need of cash payment, making Autobay the safest way to buy a car.
Safe secure payment and transactions between parties.
Low fees paying with ABX, BTC and ETH
Token used as a payment for purchasing vehicles and car posting in e-commerce platform
Promotions, discounts and rewards will be awarded to users paying with ABX over other cryptocurrencie.
User verification through social media, mobile number, user reviews, etc
BETTER USER EXPERIENCE
Stress free experience as no cash payment is required, easy and simple transactions
Users will be studying a better and fair community
The blockchain ensures a solid registry for every detail of the transactions.
Price at ICO 1 ABX = 0.0001 ETH
Until May 08 47%
May 09 – June 08 37%
26 June – July 09 27%
July 10-23 17%
July 24 – August 6 7%
Tokens sell 510.3 million Info
Min. Investment 200 USD
Accept ETH, BTC
Distributed in ICO 54%
Soft Cap 1,000,000 USD
Hard Cap 24 Million USD
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/joinchat/ITvfuxJDzSr2ahw5Mvh-Lg
ANN Thread : https://bitcointalk.org/index.php?topic=3327461
Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995