AUTOBAY

INTRODUCTION

Founders of Autobay were going to create the decentralized service in the field of e-commerce which will become marketpleysy through which it is possible to get or sell the new or second-hand car at the certain owner or through the dealer company including through an auction. Technology a blockchain smart contracts and cryptocurrencies in particular of ABX – tokens of the platform will become for her basic.

Since May 9 the platform is at a stage of carrying out private sale of tokens of ABX which are on sale to the verified large cryptoinvestors. The Autobay mobile application will become available both for Android and for iOS at the beginning of the next year. At the same time estimates of ICO platforms are so high and the project possibly expects great success and at a stage of direct carrying out a kraudseyl.

Opportunity to buy the car for cryptocurrency

In the last few years among a blockchain projects there was a lot of such which belong to use of cars. It mainly were various platforms for sharing of vehicles and their rent. The project about which we will talk this time will occupy a few other niche – electronic commerce on car sale and not just through online store and through a full-fledged marketpleys, by means of cryptocurrency.

In the first article of the review of the Autobay project we will speak about him in general we learn what his idea and what purposes are put before themselves by his creators consists in. In the second part – we will go deep into that sphere which they will try to occupy – we learn the sphere of electronic commerce selling vehicles about a situation in the market the developed and potential problems and about that as it will be possible to get rid of them by means of the decentralized decision and we will devote the last article to everything that is connected with auctions which are held through Autobay.

Role of a blockchain of smart contracts and cryptocurrencies

The blockchain and smart contracts in Autobay will become guarantee of safety of all payments on purchase through the platform. Transactions are carried out most simply and quickly, and reliability of the transaction is watched by the smart contract Ethereum. Thus, participants of Autobay don’t need to spend time and to risk operations with fiatny currency and cash, in the platform of their means reliably will be protected.

Payment happens only in the form of one of the main cryptocurrency – BTC or ETH and also by means of internal tokens of the platform the short name of they are ABX. Besides a payment method upon purchase of the car tokens can be used as currency of which advertizing services of Autobay and also as remuneration for various actions within the platform are paid.

Payment by means of cryptocurrency is not only the speed and safety of payments. It also notable economy on purchase of the car at the expense of the lowered commissions on implementation of transactions.

In order that participants could be really sure of reliability of the seller in Autobay responses from participants of the platform from among his previous clients are provided. It is especially important in that case if it is about the private seller but not about the dealer company at which and so there is the acquired reputation which they hardly want to spoil dishonest behavior and deception.

One more irreplaceable function of a blockchain – data storage without a possibility of unauthorized third-party intervention therefore this his feature will be applied in Autobay to record of the user responses. They can’t be forged or removed therefore to participants of the platform it will be always transparent all information both on the seller and on the buyer is visible.

Unconditional novelty

In many plans of Autobay it will become valid the decision first in own way first it is the first-ever service which suggests the users to buy cars using not local fiatny currency as dollars and euro and cryptocurrency – BTC, ETH and ABX.

And secondly, it is the first similar platform which is designed not for local audience of the concrete region or country and for the whole world therefore access to her services will be got all who has an Internet connection.

Decentralization of automotive industry

Market of automotive industry

If earlier you never had to think of that, sizes of the market of automotive industry that are how big we have prepared small statistics of his size and growth rates and have found out that the market of sale of vehicles – one of the most volume and fast-growing in the world.

We will begin with growth rates. It has turned out that in connection with sharp increase in need for automobile transport an urbanization of many countries and regions rates of life of megalopolises and many other factors, the number of the made cars from 1997 to 2014 has increased almost twice.

The Internet portal Startgur has published statistics according to which in 1997 a year about 54,434,000 cars that in 2014 were made this figure has grown to 89,747,430 and these are only official figures. But car sale includes not only sales due to production.

The market of car sale consists of two components – new cars which are made by the known companies and the supported cars which are sold by their owners for various reasons. Most often it is need for purchase new. And so two of these components in general make the market of automotive industry of 3 trillion dollars a year.

Along with it grows and the market of Internet commerce within which not only clothes, household appliances, devices and other things but also cars are on sale. So, the market of Internet commerce on car sale online has grown from $6.92 billion 2004 in a year to $177.87 billion in 2017, practically by 26 times in 13 years.

The Internet portal Focus2Move relying on results of sales for January, 2018 I have defined the most sold cars this year among which in TOP-5 such models as Volkswagen Tiguan, Toyota RAV4, Ford F-Series and Volkswagen Golf have entered, and Toyota Corolla remains the most sold car.

Problems and their decision

But despite high growth rates and the amount of the market of automotive industry as well as in any other sphere there are here certain problems and difficulties which disturb participants of the market and don’t allow him to develop even more.

First of all the point is that purchase of the car is an operation with rather rather big sum of local fiatny currency. Automotive industry in this plan is overtaken unless only by the real estate market. Operations with large volumes of cash are always huge risk especially if it is not about the dealer company and about the private seller of the car.

Now let’s present a situation. You have found the suitable car in the Internet but its owner is in other city or in any other place where you weren’t earlier. In that case you should go to this place with a large number of cash to buy the car.

But where a guarantee that you won’t be deceived your money won’t steal and the car won’t be unsuitable? There are no such guarantees just therefore operations with Fiat concerning acquisition of cars are always big risk. In this regard by the way there are problems with car sales at sellers.

Autobay suggests to carry out payment of purchase of the car online by means of cryptocurrency therefore so far the user won’t be convinced of honesty of the transaction and serviceability of the car no money will be transferred to the account of the seller. Thus it is impossible to steal or deceive them the buyer. In plus to it each participant of the platform at the choice of the contractor leans on the transparent system of responses.

Online auction of cars

Purchase of the car through Autobay

Guarantee of success of any mobile application – the convenient interface and usability. Creators of Autobay have paid to this question obviously a lot of attention. In this regard all process of purchase of the car is divided into three stages and looks as follows.

First of all the user who has decided to buy the new vehicle at the expense of the cryptocurrency portfolio needs to be engaged in search of the suitable car. For this purpose he should use or a mobile application for iOS and Android or the website of the platform.

In the course of search the buyer will be able to specify preferable make of the car, his model, year of release and a run then he will need to choose suitable option among all available. The following stage of purchase – discussion of conditions.

Having chosen suitable model the user will be able to pass to a profile of the seller to read comments on him to be convinced of his reliability to learn his address and to agree about a meeting. At the same time to the seller all information on the buyer is also displayed therefore both that and another foreknow with whom will cooperate.

After the meeting of survey of the car and its acceptance for purchase users will be able to agree about a payment method, convenient for both parties. It can be as BTC and ETH and tokens of the ABX platform. Payment happens online at the time of purchase therefore participants shouldn’t worry about possible difficulties with cash.

Online auctions

The name of the Autobay service – sending to the name of the most successful and known online service which opens for the users an opportunity to get various things by means of online of auctions – eBay. Therefore Autobay in turn will become something like eBay for cars.

Besides a possibility of standard purchase of the vehicle which we have described above participants can organize car sale through an online auction. There is he in the same way as well as any other here only the cryptocurrency acts as means of payment and way of implementation of rates.

For avoidance of possible deception a series and number of the car are fixed in advance therefore participants of an online auction can be sure that that car which they buy at an auction will correspond to that which they upon will receive.

WHY AUTOBAY TOKENS

Who should invest in Autobay (ABX) Tokens

• People interested in purchasing their dream car with cryptocurrencies at a fraction of its cost as they are purchasing tokens with bonuses.
• Car Dealerships that wish to purchase cars for their showrooms at a fraction of their cost, that wish to promote their cars in the Autobay Platform and wish to expand into a new market.
• People who are willing to acquire a token that will create its own utility for purchasing goods (vehicles), solving a real life problem in one of the largest markets in the world. 

DETAIL TOKEN

Name token information: Autobay

Ticker: ABX

Token type: ERC 20Emission token: 945 millionHard cap: US $ 24 millionToken Price: ETH 0, 000

Operational cost

42% OPIN COMPANY

30% platform development16% product implementation

Payment Method

During advance and Crowdsale, only Bitcoin (BTC), Ethereum (ETH) encryption currency to purchase motorcycle tokens will be accepted. Assignment rate 40% Operating cost 38% Platform marketing 8% Law, tax, corporate cost 10% New product development 4% MISC marketing fee 44% online advertisement 20% DOOH (DIGITAL OUT OF HOME)

Auction during ICO

That about what we have decided to talk in conclusion of our review call an auction though upon this remuneration for acceptance of active participation in the kraudseyl of tokens of ABX which is transferred him to participants as gratitude from creators of the platform. Here about what there is a speech.

Each participant of ICO automatically becomes the participant of this loyalty program. 10 users who will gain the greatest number of tokens of ABX during a preseyl and the main round of a kraudseyl will become winners. The most advantageous position of course at that only participant of ICO who will get more than all tokens thereby contributing to the further development of the platform.

The first prize – the car which will get to the winner. But the nuance is that the brand and model of the car will depend on quantity of the funds raised in the course of ICO in dollars. So at Soft Cap in $1 million the winner will receive Toyota Yaris and at achievement of Hard Cap in $24 million – Lamborghini Huracan Performante.

Other winners from among the most active participants of ICO from 2 to 10 places in proportion distribute among themselves a certain quantity of tokens which also depends on the amount of financing of the project.

More Information Contact :

Website: https://www.autobay.io/

White paper: https://www.autobay.io/whitepaper

ANN: https://bitcointalk.org/index.php?topic=3327461

Facebook: https://www.facebook.com/Autobay.io/

Twitter: https://twitter.com/Autobayio

Telegram: https://t.me/autobay

Author : Upik05

My profile bitcointalk :https://bitcointalk.org/index.php?action=profile;u=2205131

Address wallet

0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4