A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, AutoBlock, a proud element, providing convenience and reliability, suitable for the automotive sector has arrived.
Now that I have your attention, let’s get right to it.
What exactly is AutoBlock?
AutoBlock is a proud element, providing convenience and reliability, suitable for the automotive sector.
Furthermore, Autocoin offers a large and large transaction that will become the automotive standard crypto currency. With ease of use, acceptance, flexibility and transparency, Autocoin has become the currency of choice for both auto dealers and peer-to-peer transactions.
The automotive industry team has recognized the potential for introducing a crypto currency in the automotive industry and can use extensive transactions for buyers and brokers.
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 purpose of the The Auto Block project is 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. Our sales portal, autocoincars.com offers a huge choice of vehicles for sale by dealers that accept cryptocurrency as payment. Decentralising the supply of data and information available within the automotive industry and offering the most accurate and live car valuation tool, car dealers and buyers will have a 21st Century ‘one stop’ solution for vehicle purchase, data and valuation access.
• 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.
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.
The Exchange: The car portal will also be integrated with an exchange which will be used to convert fiat to Autocoin and vice-versa.
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 Core 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.
Significant choice of vehicles offered for sale via the website autocoincars.com
The Core 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
Annonimity of buyer
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.
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: Insert dates
Pre-ICO: Insert dates
Crowdsale: Insert dates
Soft Cap: 5,000 Eth
Hard Cap: 40,000 Eth
Soft Cap: 5,000 ETH Hard Cap: 40,000
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.
Number of Tokens
There will only ever be 400 Million tokens created.
Value of Token
The token price will be 1 ATC = $0.25. The Ethereum rate will be pegged once the sale has started.
You can purchase Autocoin with Ethereum, Bitcoin or Litecoin.
ALLOCATION OF FUNDS
Trade Connect: 11%
Licensing & Legal: 7%
Endowment Fund: 30%
ALLOCATION OF TOKENS
Pre Sale & ICO: 55%
Bonus & Rewards: 6%
Seed Round : 5%
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
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
Seed Round Funding
Seed Round - Q2-2018
ICO Launch - Q3-2018
Services would be live for Members (Alpha Version)
Payment System - Q4-2018
Payment system Launch Alpha version
Valuation Services to Indian Market and in South Africa
Meet The Amazing Team
Mustansar Iqbal - Founder, HOD
He has seven years of work experience as Marketing Executive in a large organization responsible for handling all customers and visitors in addition to providing extensive organizational and administrative support.
Mohamed Ezeldin - Co-Founder
Experienced at developing business strategies with a demonstrated history of working in upper management. Skilled in Research, Management, Leadership, Blockchain, and Innovation. Strong education professional with a master’s degree focused in Mathematics and Statistics from Queen Mary University of London.
Boris Otonicar - CTO
He was a blockchain consultant and ICO advisor in many companies suci as Bitbose.com, Pokersports, Selflerry, Plentix, REPU and many more.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Web site: https://www.theautoblock.com/
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.