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.
Benefits to be gained:
1.The seller will have a larger audience to show off his vehicle.
2.Buyers will have a larger vehicle display over local or regional Auctions.
3.Buyers will be able to make payments through cryptocurrency at a very low cost.
4.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 brand on in-site ad banners. Paying with ABX will offer users and top discount companies Bitcoin (BTC) and Ethereum (ETH) that benefit users 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
Visit
Payout Without Money
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 crypto currencies.
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
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
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
Author: akabana
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2246742