AutoBay – Crypto for car transactions
Cryptocurrency is seriously considered as part of auto industry, even such giants as Mercedes-Benz is joining with their own crypto-coin and all other players are joining this trend as BMW, GM, Ford and Renault launched joined blockchain research group.
And now, there is a first solution for buy, sell and auction with cryptocurrency, Autobay, that allows cashless payment for your car, through cryptocurrencies. It is three easy steps – search decentralized application for car that you are interested in, check that you are interested and make appointment with the owner, to proceed with buy/sell you do not need cash, cashless payment is secured through crypto service.
With above listed actions, you can be proud owner of your car, without cash payment. Without cash, payment is secure and transparent, with low transaction rates. Like on most buy/sell applications, user will have option to secure their profiles through transparent and fair relationship on the service, with all users as possible evaluators of your behavior. Also, very interesting feature is vehicle verification on the blockchain, that will enhance your knowledge of the car and lower possibility for fraud.
One feature that will distinct this application for users is future provision of financing through Autobay platform, globally, so that all users will be subject to same conditions. You can find more details on autobay.io.
All above mentioned features, summarized as following – safe payment for your new car, low transaction fees, utility token for formalization of purchase, rewards that can be obtained through application usage, user verification that lower fraud possibility, increased user experience with lowered stress with cashless payment, user review principle for evaluation of buyer/seller and blockchain proof of transaction enhance this application option on the market.
Highlight is partnership with Ford, that seriously back-up AutoBay position on the market, but there are also other signification partnerships, that can be checked on the website. One worth mentioning is partnership with Ink Protocol for buyer/seller evaluation and ratings protocolization.
For more information regarding application status and current token sale, you can check their telegram group AutoBay and whitepaper on following link https://www.autobay.io/whitepaper. From whitepaper you can find out planned actions for improvement and earning for developers, through car publication and advertisement, that seems realistic. On the other hand, you can find information of planned reward system, that is very interesting for users. Both of these will be based in ABX – AutoBay tokens, that will be preferred way for buying/selling cars, but more cryptocurrencies will be accepted in application.
If you plan to buy a car, and believe in cryptocurrency, it is worth thinking about token sale, that will start on 1st of August, because of bonuses that can directly influence price of your car, since you will receive more crypto for fiat currency. Current bonus for purchase of ABX tokens from 1st of August is 27%, that can become discount for the price of your new car through AutoBay application. Price of ABX token is 0.0001 ETH, hard cap is 9.000.000 USD, and token emission is 455.000.000 ABX, of course Token is based on ERC20 wallet.
Author: Adan jumphoih
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1355924