AUTOBLOCK - https://www.theautoblock.com/
Peaceful greetings of the universe, this time I will discuss about ICO or project AUTOBLOCK, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).
Introduction
Use cases for Blockchain and Crypto have so far been either tenuous at best or unrealistic as the norm.
The AutoCoin has developed a truly unique model that aims to reach adoption by benefitting the automotive industry as a whole. By decentralizing the ‘middle-layer’ of retailers and reducing the fees incurred by sellers, as well as consumers, we aim to bring the blockchain to market in a seamless and beneficial transition.
The start of most successful companies includes responding to an existing problem with a workable and effective solution. The AutoBlock and the team behind The AutoCoin have identified a glaring global problem and have developed an exciting solution that aims to reach adoption by benefitting the automotive industry as a whole.
The Problem in the Auto industry
The auto industry currently relies on monopolised data and valuation systems that are at best subject to external influences, manipulation of valuations and at worst are unavailable in detail to the public at all.This outdated infrastructure is actively impeding natural growth, particularly in the field of new vehicle sales in developing markets.
A Global overview of the current status of access to accurate vehicle data and valuations reveals a significant opportunity in developing countries. Car manufacturers are targeting these areas, having identified growth and sales opportunities.
There is an immediate requirement for these data and valuation services for both trade organisations and private individuals overseas.
The ability to harness this data will enable many use cases including and not limited to — fair valuations, government institutions, insurance companies, auctioneers, law enforcement and national car registries.
The Solutions
Buying Cars With Crypto
We’re building a seamless POS system and a bespoke exchange, developed specifically for car dealers to allow them to easily accept any currency, crypto or not, with a significantly lower interest rate, combined with the ability to cash-out via any currency, breaking down traditional trading issues.
Finding Car Dealers That Accept Cryptocurrency
Having spent many years selling to and servicing car dealer requirements, The AutoBlock team recognise the almost unique route to market required to initially attract interest, educate and convert to the use of our platform.
The reasons that car dealers should accept crypto are compelling enough:
Almost immediate clearance of funds
Secure and indisputable transaction
Minimal cost compared to traditional fiat transactions
Access to a new and growing market of potential customers.
What Makes The Auto Block Stand Out?
AutoBlock will revolutionize the automotive industry and make it transparent so sales and purchases can take place without mishaps.
A car sales portal for car dealers that accept the AutoCoin to advertise their stock free of charge, opening up new markets for them. Initially, prestige, performance and classic cars being transacted across the globe using AutoCoin, followed en masse by volume car dealers.
Set to revolutionize used car valuations and vehicle data, 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. The Blockchain technology used to gather the real-time valuations with the help of live data will result in a rich database of all vehicle specifications which exist throughout the world. The Auto Block’s technology will make it possible for individuals and businesses alike to access information about car data and valuations no matter where they are.
Auto Coin and it’s Use
Making transactions quicker, easier, and a lot safer
While the Auto Block cryptocurrency has a long list of compelling reasons why you should think about adapting it, here are some which are the most evident.
Significantly lower transaction fees — you pay with no add-on bank charges.
Security against Identity Theft. No credit card or bank details being stored by 3rd parties.
Easy International payments that do not require lengthy and protracted exchange rate considerations.
Very highest level of fraud prevention. TheAutoCoin utilises Block Chain technology and ensures that counterfeits and chargebacks are not possible.
How does it work?
Our Eco-System
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.
Our Payment Card
Card balance in USD, EURO
Fast and easy loan cash-in
Repay your loan
Our dedicated AutoCoin card will allow quick and easy secure transactions for not only car purchase but also repairs and maintenance, monthly leasing payments with a vision towards fuel and electric charging points.
Token Functions
Target
Soft Cap: 5,000 ETH
Hard Cap: 40,000 ETH
Token Nature
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.
Token Type
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.
Currencies Accepted
You can purchase Autocoin with Ethereum, Bitcoin or Litecoin.
Allocation of Tokens
Allocation of fund raised
11% Trade Connect
23% Development
10% Operations
8% Marketing
7% Licencing & Legal
5% Audit
6% Rewards
30% Endowment Funds
Distribution of total supply
20% Pre- Sale
35% STO
19% Retain
15% Team
6% Bounty & Rewards
5% Seed Round
RoadMap
A clearly defined roadmap and process towards both ICO and product delivery
Q1- 2017
The idea for Auto Block is born
Proof of concept
First investment received
Q2- 2017
Research & Development
Team finalising for the development
Q3- 2017
Development Started
Initial private Investment Round
White paper started
Q4- 2017
Regional Office Set up (London)
Data gathering of over 30+ million
Q1- 2018
ICO Planning
Team Hiring
Seed Round Funding
Q2- 2018
Preperation for STO
Team Expansion
Dealer onboarding
Q3- 2018
MVPs
Platform live for dealers
E-Wallet
License for Exchange
Q4- 2018
STO Launch
Testnet Launch
Main Dealerships on boarding
Exchange Listing
Mobile App (IOS & Android)
Q1–2019
Geographical expansion of Dealerships onto platform
Leasing cars on Finance with AutoCoin
Internal Exchange Launch
Services would be live for Members (Alpha Version)
Q2–2019
Valuation service Alpha
Live services with Commercial Clients (Alpha)
Expansion into New regions with POS systems
(EU, Turkey, UAE & Kuwait)
Q3–2019
Valuation Services Beta
Permission for Fleet Management
Companies to Access our Blockchain
Q3–2019
Valuation Services Beta
Permission for Fleet Management
Companies to Access our Blockchain
Q2–2020
Car Sharing App Alpha Live
Alpha version of Valuation system launching in EU and Asian Market
Q3–2020
Beta Version of Valuation System live
POS system active in African markets
Q4–2020
Product Enhancement
Acquire Crypto based Bank Asset
Launch banking sort code and account services
Team Success
Boris Otonicar: CTO
Dr. Stylianos Kampakis: Blockchain Advisor
Theodosis Mourouzis, PhD: Information & Security Advisor
Sadaf Failey: Senior Legal Counsel
Yagub Rahimov: Strategic Advisors
Laura Zaharia: Regional Sales Executive
Lalit Bansal: Marketing Advisor
Sydney Ifergan: Digital Marketing Advisor
Dmitri Belkov: Strategic Advisor
Paul Markov: Community and Investor Relations
Conclusion
AUTOBLOCK is a good ICO program.
Think business is pretty fantastic. It attracts people regularly.
Experienced and skilled cooperation is difficult to achieve.
We can build the ability to achieve goals.
#autoblock
#ICO
#TheAutoBlockICO
More Information Visit The AUTOBLOCK Link:
Website : https://www.theautoblock.com/
Whitepaper : https://www.theautoblock.com/uploads/files/20180622025946.pdf
ANN Thread : https://bitcointalk.org/index.php
Twitter : https://twitter.com/AutoBlockX
Facebook : https://www.facebook.com/AutoBlockX/
Telegram : https://t.me/autoblockofficial
Reddit : https://www.reddit.com/AutoBlockX
Author : Urang kuceng
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1536267
Myetherwallet : 0x797F12ea668C548f96b1A32af0303C77f51741da