AUTO BLOCK: Platform that transform how people buy and sell cars

wheading.PNG


Cryptocurrencies are one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher. Only 1% of the world’s population own cryptocurrency. Companies involved with blockchain, the technology behind cryptocurrencies and altcoins are expected to experience significant growth over the coming years. Blockchain technology can solve dozens of previously intractable problems, like digital identities, supply chain integrity, data breaches and many, many more. The use of blockchain technology within society has been exponentially increasing since it was introduced to the world by Satoshi Nakamoto. The first use of blockchain technology was bitcoin. According to Gartner Insights, blockchain, the driving force behind the crypto market is estimated to grow in business value to $3.1 trillion by 2030. Blockchain is the fastest growing market in the world and the Auto block token offers investors an opportunity to benefit from the growth in value. The age of blockchain technology is just beginning.


INTRODUCTION
Auto block is a platform aims at facilitating Worldwide vehicle purchase, valuations, and specification access a blockchain evolved suite of products that will become indispensable as well as the automotive industry standard.
The Auto Block offers a unique set of products which will align cryptocurrency with the mainstream automotive industry by making vehicle transactions secure, fast while also giving you full access to the purchased vehicle’s historical data, NVD (New vehicle data), and valuations. Providing transparency to the buyer, as well as the seller.

AIM
To deliver a secure automotive industry dedicated cryptocurrency that will be adopted by car dealers worldwide as the defacto payment solution for cryptocurrency car buyers.

MISSION
Auto Block’s mission is to serve professionals such as insurance companies, car dealers and leasing companies in the motor industry with accurate and easy access to data and valuations.

PROBLEMS
Buying Cars With Cryptocurrency
Long process of exchanging crypto to fiat and having their assets slowly decrease through exchange and bank fees. Crypto users desire anonymity and do not want to cash out as this attracts potential taxation issues.
Finding Car Dealers That Accept Crypto
It is almost impossible to find cars for sale online that can be purchased using crypto reason because a handful of dealers accept crypto but they are not fully prepared to transact through crypto because there is demand but no supply.
Access and Accuracy of Vehicle Data
The auto industry currently relies on monopolised data and valuation systems that are at best subject to external influences and manipulation [Valuations] and at worst are unavailable in detail to the public. Buyers research before buying. The ability to harness this data will enable many use cases including and not limited to governments, insurance companies, auctioneers, law enforcement and national car registries.
Access to and Accuracy of Vehicle Valuations
In developed and mature markets where vehicle valuations are supplied by commercial organisations that almost have a monopoly there always exists a need for a decentralised global database that gives users immediate access to a wide range of vehicle valuations by age, mileage, spec and location. Currently this data is unavailable or fragmented and is consequently offering inaccurate and differing valuations. Due to this fact this create a big problem

SOLUTION
The introduction of Auto Block enable users to buy and sell vehicles using cryptocurrency without having to exchange them for fiat. Buying cars with crypto allows the release of tax free funds and using your crypto assets in the ‘Real world’ make it ease of use, acceptance, flexibility and transparency. The Autocoin will become the currency of choice by both car dealer and peer-to-peer vehicle transactions.
Finding Car Dealers that Accept Cryptocurrency
With the help of Autocoincars.com a portal where new and used vehicles, performance, prestige and classic cars is listed for sale to buyers to transact using cryptocurrency. Car dealers will be offered the opportunity to list their cars to the portal. Seller can see a vehicle’s complete history, including its mileage, major repairs, ownership details, etc

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.

wecosystem.png

TOKEN
Autocoin will initially be ERC-20 tokens. Once our main net is live, we will be swapping all ERC-20 ATC tokens to ATC tokens on our native Blockchain on a 1:1 ratio. Autocoin will be a Security token. Token holders will be entitled to a share of any profits made. Dividends will be paid out as a ratio of tokens held: total tokens.
TOKEN SALE DETAILS
There will be a total of 400 Million Autocoins, of which 220 Million (55%) will be available at all stages of the token sale.
1 Autocoin = $0.25
Private sale: 30th July 2018
Pre-ICO: 20th August 2018
Crowdsale: mid August
Soft Cap: 5,000 Eth
Hard Cap: 40,000 Eth
Number of Tokens:- 400 Million tokens
Value of Token:- The token price will be 1 ATC = $0.25. The Ethereum rate will be pegged once the sale has started.
Currencies Accepted:- Ethereum, Bitcoin or Litecoin.

ALLOCATION OF FUNDS

wallocation fund.png

Trade Connect: 11%
R&D: 23%
Operations: 10%
Marketing: 8%
Licensing & Legal: 7%
Audit: 5%
Endowment Fund: 30%
Bounty: 6%

ALLOCATION OF TOKENS

walloact token.png

Pre Sale & ICO: 55%
Team: 15%
Retain: 19%
Bonus & Rewards: 6%
Seed Round : 5%

ROADMAP

wroadmap.png
wroadmap1.png

Idea of Auto Block - Q1-2017
The idea for Auto Block is born
Proof of concept
First investment received

R & D - Q2-2017
Research & Development
Team finalising for the development

Intial Development - Q3-2017
Development Started
Initial private Investment Round
White paper started

Regional Office - Q4-2017
Regional Office Set up (London)
Data gathering of over 30+ million

ICO & Team Plan - Q1-2018
ICO Planning
Team Hiring
Seed Round Funding

Seed Round - Q2-2018
Blockchain Development
Pre-ICO Sale
e-Wallet

ICO Launch - Q3-2018
ICO Launch
Exchange Listing
Mobile App
Services would be live for Members (Alpha Version)

Payment System - Q4-2018
Geographical expansion
Payment system Launch Alpha version
Valuation Services to Indian Market and in South Africa

MEET THE AMAZING AUTO BLOCK TEAM

wteam.PNG
wteam1.PNG
wteam2.PNG

For more information, please visit:
Website: https://www.theautoblock.com/
Whitepaper: https://www.theautoblock.com/uploads/files/white-paper.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

wend.PNG

Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9

Comments

Post a Comment

Popular posts from this blog

AdonX.One: A Cryptocurrency Gateway Platform

Welcome my dear companions. Today I might want to educate you concerning a novel undertaking. Heavily influenced by the most grounded group. These folks offer a mechanical item. Also, take a gander at the speculation potential, it is gigantic. As of late, we have not heard anything about cryptographic forms of money, and today, consistently we see publicizing of new stages and activities. Each new task, endeavor to turn out to be superior to the past one, Adonx is unquestionably a decent undertaking. The venture has its own token, the name of which: Adonx Token HOW TO PURCHASE ADONX TOKEN Go to the site https://adonx.one Adhere to the guidelines on the site to associate your wallet and complete the exchange **Use Token mini-computer to know the aggregate sum of tokens you will get. Favored Wallets: •Myetherwallet •Metamask •Trustwallet If it's not too much trouble, note-When you are utilizing myetherwallet, metamask or trustwallet kindly utilize the accompanying guideli...
Read more

IOU: The only true P2P e-commerce loyalty platform on the block-chain

Image
Cryptocurrencies is one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher. Only 1% of the world’s population own cryptocurrency. Companies involved with blockchain, the technology behind cryptocurrencies and altcoins are expected to experience significant growth over the coming years. Blockchain technology can solve dozens of previously intractable problems, like digital identities, supply chain integrity, data breaches and many, many more. The use of blockchain technology within society has been exponentially increasing since it was introduced to the world by Sat...
Read more

EZYSTAYZ: A Global Holiday Rental Platform Powered by Crypto

As the blockchain industry evolves, with the number of cryptoassets going up and cryptocurrencies continuing their incredible surge, the market for crypto trading is also growing. Whileoffering a wide range of opportunities for investing, the cryptocurrency market is hard to keep up with. With thousands of alternative coins in circulation, it is difficult to evaluate which ones are worth investing in, and it is even harder to follow their constant fluctuations. If this exponentially growing and ever-changing market can be disorienting for even experienced traders, it is natural for new cryptoholders to feel lost in this complex environment. Even though the crypto market has attracted thousands of new cryptoholders, the learning curve for them remains extremely steep. At the same time the marketplace lacks tools and services to help new user lower potential risks and encourage them to make the leap into the crypto community. Lets have an insights on what Ezystayz is before I proceed h...
Read more