Blockchain technology is a transparent digital transaction book and records that are immune to modification or deletion. Offering additional features of increased security, cost reduction, time efficiency and error tolerance, the chain-chain grew, fluctuated in 2017. The utility of blockchain technology is unlimited, triggering an increase in the list of companies, industries and government studying its potential adoption. A blockchain is an immutable public book that records digital transactions.
ABOUT AutoBlock
AutoBlock is a proud element, providing convenience and reliability, suitable for the automotive sector. Auto Block offers a number of unique products, but not crypto currency, which allows you to not only safely and quickly make transactions, but also gives you full access to the data, history and cost of the purchased car. Transparency for the buyer, as well as for the buyer. AutoBlock will revolutionize the automotive industry and make it transparent, which will simplify sales and purchases. Auto Block project is trying to link the automotive industry with cryptocurrency. It will enable car dealers to accept cryptocurrency as a payment option. The project has a sales portal called, “autocoinscar.com” where car dealers can sell the cars and accept cryptocurrency as a payment. This project also provides a platform for car dealers and buyers where they can access to an effective live car valuation tool. Autocoin will be the token which will be used in this platform for carrying out the transactions.
The Problem
Cryptocurrency cannot be used today directly in the real world. Autoblock has provided a real use case where cryptocurrency can be used to buy and sell cars. This eliminates the need to go through long procedures of converting cryptocurrency to fiat.
People who want to buy a car using cryptocurrency find it very difficult to find such cars online. Very few dealers are there who are willing to accept crypto but still hesitate to transact through cryptocurrency.
The current automotive industry is centralized because of which people are unable to get access to accurate valuation data. There are many external influences which result in manipulation of car valuation data.
The Solutions
Autocoin will be the cryptocurrency token that will be used in this platform. Autocoin will ease the process of buying and selling cars using cryptocurrency. People can buy cars anywhere in the world using Autocoin. Users will also get more security as this will not require the storage of bank details of the buyers. Sellers also get many benefits such as they accept crypto as a payment option worldwide. The transaction fee is much lowers and there is no entry fee to accept Autocoin as a payment option.
Autocoincars.com is a portal which displays new and used vehicles, performance of the cars, prestige and classic cars. Buyers can access this portal where they get wide variety of choices to buy the cars using cryptocurrency. Car dealers list their cars on this portal and they also get incentives for accepting Autocoin as a payment option. This portal also consists of car data and valuation services which enables buyers to check all the information before making a purchase.
AutoBlock EcoSystem
At the heart of AutoBlock is our hybrid blockchain technology, utilizing the best of public and private blockchains. This will allow for the seamless transfer of vehicle data using smart contracts which forms the foundation of our fair vehicle valuations platform; purchasing a car through the portal, transferring the funds instantly and cashing out the proceeds in either fiat, crypto or both via our internal exchange. 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.
Benefits of Using The Autocoin Currency For Sellers:
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.
Benefits of Using The Autocoin Currency For Buyers:
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 charge backs to zero.
Easy international payments unencumbered by protracted exchange rate considerations.
TOKEN AND ICO DETAILS
1 Autocoin = $0.25
Soft Cap: 5000 ETH
Hard Cap: 40,000 ETH
Private sale Ends: August 15, 2018
Main Sale starts: September (TBC)
There will be a total of 400 Million Autocoins, of which 220 Million (55%) will be available at all stages of the token sale.
You can participate here: https://www.theautoblock.com/uploads/files/how-to-buy.pdf
ALLOCATION OF FUNDS
Trade Connect: 11%
R&D: 23%
Operations: 10%
Marketing: 8%
Licensing & Legal: 7%
Audit: 5%
Endowment Fund: 30%
Bounty: 6%
ALLOCATION OF TOKENS
Pre Sale & ICO: 55%
Team: 15%
Retain: 19%
Bonus & Rewards: 6%
Seed Round : 5%
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
AutoBlock PARTNERS
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. Be a part of this tremendous project and follow these links for more information;
Web site: https://www.theautoblock.com/
Whitepaper: https://www.theautoblock.com/uploads/files/20180622025946.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4574219.0
Telegram: https://t.me/autoblockofficial
Facebook: https://www.facebook.com/AutoBlockX/
Twitter: https://twitter.com/AutoBlockX
LinkedIn: https://www.linkedin.com/company/autoblock/
Github: https://github.com/autoblockx/
Reddit: https://www.reddit.com/AutoBlockX
Medium: https://medium.com/@autoblockx
Author
nugezmils
BITCOINTALK PROFILE
Nice project that grows every day and will be successful without a doubt, take time to participate in the development of the project. Currently meets all modern requirements and has a large number of advantages! Go and get acquainted with the project. I wish the project further growth and achievement of the set tasks.
Great project! Theres a lot of project out there but this one really catched my eye at the first sight. A great and legitmate project that aiming for a better future