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olagokegbade

AUTO BLOCK:- A Platform that Aimed at Revolutionizing the Automotive Sector

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Hello dear readers, it is my delight to bring to your way this important information just as it is my usual practice. I would like you to relax and read through this tips of but enriching information with great benefits and awesome. Friends, it’s all about “AUTO BLOCK”this is a Platform that Aimed at Revolutionizing the Automotive Sector. Take your time to read through the detail bellow.

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Introduction

The automobile industry is one of the largest in the world. Not only are manufacturers striving to provide the best and most convenient vehicle for their consumers, but people all around the globe buy and sell cars for profit.

Because this is such a widespread market, there are a few problems with the systems which create a lot of hassle but AUTOBLOCK is presenting platform with solutions to problems in the automobile industry with the use of blockchain technology.

The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.

Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is AUTOBLOCK

 

ABOUT AutoBlock

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.

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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

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

ALLOCATION OF TOKENS

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

ROADMAP

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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

 

Dear reader, this is just a brief overview of the purpose, benefits and opportunities that can be gained from this innovative project. After reading this briefing, I am sure you will want to know more, please visit one of these following links:

Web site: https://www.theautoblock.com/

Whitepaper: https://www.theautoblock.com/uploads/files/20180622025946.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

Authorship by: Olagoke Gbade

Bitcointalk profile link: r/https://bitcointalk.org/index.php?action=profile;u=2162484

 

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