AutoBay - The First Decentralized Platform for Car Sale and Purchase

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over 80,000,000 new cars are sold worldwide and only in the US over 100,000 used cars are sold every day, through an outdated, cash-based process.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).

Autobay is a decentralized web based business that allows clients to enjoy their vehicles passing by them. Autobay makes a much rearranged, safe experience when purchasing a vehicle, enabling individuals to purchase an auto in only 3 simple and safe advances. Stage one, the individual needs to peruse for the auto they need, utilizing channels that abbreviate their inquiry to particular brand, demonstrate, year, millage, price range and area (span in km).

In very nearly 20 years from 1997 to 2006 the car business of nearly copied its generation, from 54,000,000 units to 94,000,000 units created in one year. The car business chips away at two specialist units, new and utilized vehicles. The expansion in populace around the globe that it is possible to access to a vehicle, either a truckor family vehicle and those individuals that pitch their utilized autos to buy another one. This two gatherings join make an industry of over $ 3 Trillion (US Dollars) a year. To set a case of utilized auto industry in China, which is the biggest car market on the planet 10th of the year, coming to a $ 94 Billon dollar in 2016 and just in the United States in 2017 more than 37 Million utilized autos were sold

AutoBay Safe, Simple and Secure. inappears, he at that point searches for the buyer, he can make a propelled store or the full installment, picking the cryptocurrency he wishes to pay with and by squeezing the "Purchase" catch he createstheSmart Contractin the Ethereum Blockchain that pays for the auto.

Autobay will get straightforwardness the obtaining procedure for the exchange of evidence and the exchange of evidence to monitor the autos history, making a protected, secure and peaceful process

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

Autobay is a patented e-commerce platform that allows users to publish their products online using the cryptocurrency as a payment method. Theautobay creates a simple 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.

Autobay will also allow Auctions at any given time. Auctions will be a regular feature that will be on the platform every day, but as happens in the event. from around the world will have a chance to buy a car at auction and the offer will be made in crypto currency.

Pre Sale and Crowdsale ABX Token

INCOME PROFITS

The Reward Auction is the world's first Cryptocurrency Car Auction. When participating in our Token Sales, you automatically participate in this Auction for the same number of Tokens purchased, it will act as a valuable Bounty Top contributor. The highest token holder will win one of the following cars according to the total number of tokens purchased during Pre and CrowdSale sales, with an estimated value of 1.35% of total token being sold. * A buyer token of 2 to 10 places will also compete to win certain tokens (as seen in the Ranking Table).

TOKEN SALES TIME

BUDGET ALLOCATION

ROADMAP

TEAM AND ADVISORY

For more information please visit the link below:

Website: https://www.autobay.io/

Whitepaper: https://www.autobay.io/whitepaper

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

Twitter: https: //twitter.com/Autobayio

Author: (aizkicaumania)
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