Mei 5, 2018 – Crypto

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Autobay is the first ecommerce platform based on the Ethereum blockchain that allows users to sell, buy and auction cars using cryptocurrency as payment method. Autobay will become the largest automotive environmentin the world whose main objective is to create legitimacy to the cryptocurrency market by allowing the use of Bitcoin (BTC), Ethereum (ETH)andAutobay Tokens (ABX) as aFinancial Asset to acquire goods.

Autobay will have a range of possibilities for its users, the first one being selling andbuying cars as mentioned before, from private owners or dealerships. The advantage dealerships will have when advertisingtheircars in the Autobay platform is thatthey will have the tools to organize and analyze their own market. For instance, given the “I’m interested” button will share the profile information between parties, dealerships will have a clear understanding of the demand each one of their vehicles have got, allowing them to modify prices, create promotions or marketing plans in order to increase their sales and as a consequence benefit the buyer.

Autobay will also allow Auctions on a specific time basis. Auctions will not be a regular feature that will be present in the platform every day,but such as happens in Autoshows all over the world, they will be special events every a specific period of timedepending on the country, (i.e. once a month, once every week) werepeople from all over the world will have the chance to buy a car in a live Auction and such bids will be made in cryptocurrency only. This entails a great deal of benefits:

The seller will have a larger audience to showcase its vehicle,
The buyer will have a larger display of vehicles over local or regional Auctions,
The buyers will be able to make the payment through cryptocurrencies with a very low fee.
The buyers will be able to buy cryptocurrencies in advance either during the PreSale –Public Saleof the Autobay Token with discount prices in order to pay for a vehicle later on at a fraction of the cost.

Finally,once the Autobay platform has established itself as the market leader in cryptocurrency transactions, itwill offer Car Manufacturers the possibility ofopeningan Official Store inside the platform. In an initial stage a trial with 2 or 3 Companies will be made in order to allow them to become acquainted with the processes and benefits of theplatform and the crypto payment. Only once the trial is proven successful we will invite other companies such as Ford, Gm, Chrysler, Mercedes, BMW, Honda and Yamahaamong others to Create an Official Store were people will be able to see the cars and after going or during their visit to the real dealership will be able to create the payment though the Autobay Dapp.

Through the creation of Official Stores Autobaywill cover the whole spectrum of the automotive market becoming a major leader and player worldwide, allowing its platform users and Token holders to become proud and confident in using the Autobay platform to increase their businesses and in satisfying buyer’s needs.

HOW THE WORK OF AUTOBAY

Search
The Autobay Dapp and website allow you to search for the car you want, add filters to customize your search ie for brands, models, year, milage and distance so you can customize to find car, motorcycle or truck results within 20 miles radius.

Visiting
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. This helps dealers get organized and understand the demand of each of their vehicles.

Cashless Payment
Once you see the car and you decide to buy it, do not need cash, Autobay lets you pay a further payment or pay directly with Autoray Token (ABX), Bitcoin (BTC) or Ethereum (ETH) without the need for cash payment, making Autobay the safest way to buy a car.

What does it do?
Autobay lets you buy, sell, and sell new and used cars from private sellers and dealers from around the world in the largest neighborhood of e-commerce blockchain. You will be able to pay with cryptocurrency for your desired car with a low transaction rate and with a free cash payment process security.
Autobay will allow user reviews to create an ideal environment for safe and secure transactions to occur, allowing buyers to get reviews about sellers and dealers. Sellers on the other hand will increase their sales through a backend platform that will allow them, among other tools, to see stats on every vehicle posted and a list of interested potential buyers.

WHY AUTOBAY AND WHAT BENEFITS

Blockchain technology makes your payment safe
Low cost pay with ABX, BTC, and ETH.
Token utility holder is used as payment for vehicle purchase and car posting on e-commerce platform.
Promotions, discounts and prizes will be given to users who pay with ABX through other cryptocurrencie.
Verify users through social media, mobile numbers, user reviews, etc.
Improving the user experience and stress-free because it does not require cash payment, easy and simple transactions.
Users will be reviewed to make the community better and fairer.
Blockchain technology ensures solid registration for every transaction detail and guarantees safe transactions for users.

TOKEN SALES
Token name: Autobay
Symbol: ABX
Token type: ERC 20
Token release: 945 000 000 ABX
Hard cover: $ 24,000,000
Token Price: 0.0001 ETH