AUTOBAY - BUY CAR WITH ETHEREUM

INTRODUCTION

Cryptocurrency has emerged as the true saviour for the users of the digital world and has provided us with a new hope of trust and transparency. The market capitalization and the number of users across the world is a clear indication of the popularity of Bitcoin in such a short span of time. A few years back nobody cared about cryptocurrencies but the situation has totally changed today. People, governments and business have become interested in the cryptocurrency and the technology behind it. Many cryptocurrencies have been launched in the market but i will be introducing you to a visionary projects that come to life in the form of ICO's which is the AUTOBAY project which is presenting a platform that is based on Ethereum blockchain that allows users to sell, buy, and auction vehicles using cryptocurrency as a method of payment. Isn't this interesting?

THE AUTOBAY PLATFORM

Autobay allows you to buy, sell and auction new and used cars from private sellers and dealerships from all over the world in the largest blockchain based e-commerce environment. You will be able to pay with cryptocurrencies for the security of a cash free payment process.
Autobay will allow user reviews to create the ideal environment for safe and secure transactions to happen, allowing buyers to get reviews on sellers and dealerships. Sellers on the other hand will boost their sales through a platform of buyers.

As mentioned earlier Autobay is the first ecommerce platform based on the Ethereum blockchain that allows users to sell, buy and auction vehicles using cryptocurrencies as payment method. Each year over 80,000,000 new cars are sold worldwide and only in the US over 100,000 used cars are sold every day, through an outdated, cash-based process. Autobay’s vision is to create real value to cryptocurrencies allowing them to act as a financial asset to purchase goods (vehicles in this case) while solving a day to day problems of the car industry, creating a much safer, simpler and secure process. Autobay’s main objective is to create the legitimacy of the market by allowing the use of Bitcoins (BTC), Ethereum (ETH) and Autobay Tokens (ABX) as financial assets to acquire goods (cars, trucks and motorcycles).

Problems

When purchasing a new vehicle at least point at some point must bring FIAT currency in cash, whether 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, 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.

Solutions Provided by Autobay

Autobay is a patented e-commerce platform that allows users to publish their products online using the cryptocurrency as a payment method. The autobay creates a lot 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 brand, model, year, millage, price range and specific location (radius within km).

The second step, when someone finds the car they want, it’s just ordinary that they say I’m interested, that 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.

HOW AUTOBAY WORK

SEARCH
The Autobay Dapp and website allows you to search for the car you want, adding filters to customize your search i.e. for brand, model, year, mileage and distance so you can adjust to find results of cars, motorcycles or trucks within i.e. a 20 mile 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. Sharing this transparent information helps both parties in decision making and organization. Particularly dealers will be able to evaluate the demand of each vehicle

CASHLESS PAYMENT
Once you see the car and you decide to buy it, do not need cash! Autobay lets you provide advanced payments or pay directly with Autobay Token (ABX), Bitcoin (BTC) or Ethereum (ETH) without the need for cash payment, making Autobay the simplest and safest way to buy a car.

WHY SHOULD AUTOBAY?

SAFE PAYMENT:
Secure & secure payments & transactions between parties

LOW COST:
Secure & secure payments & transactions between parties.
Low-cost pay with ABX, BTC, and ETH

WEAKNESSES:
Token is used as a payment for the purchase of vehicles and car listings on the our-commerce platform

GIFT:
Promotions, discounts, and prizes will be awarded to users who pay with ABX through other cryptocurrencies

VERIFY USER:
Verify users via social media, mobile numbers

BETTER EXPERIENCE OF USERS:
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.

DO NOT TRANSACTION:
Blockchain ensures a solid registry for every transaction detail

TOKEN AND ICO DETAILS

NAME = AUTOBAY
HEART = ABX
HARD CAP = $ 24,000,000
TOKEN TYPE = ERC20
PRICE ICO = ETH 0.0001
EMISSION TOKEN = 945,000,000 ABX
ACCEPT PAYMENT = BITCOIN (BTC), ETHEREUM (ETH)

Min. investment 200 USD
Accepting ETH, BTC
Distributed in ICO 54%
Soft cap 1,000,000 USD
Hard cap 24,000,000 USD

Placement Parameters

Funds Allocation

WHY YOU SHOULD INVEST IN 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.

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