E-Motive - Decentralized Automotive Marketplace for Vehicles

Overview
Consumers face a lot of trouble finding and purchasing vehicles. In addition, there is little clarity in pricing and terms, making it a time-consuming process that makes it difficult to buy and sell a vehicle easily. The automotive market of the future will be starkly different from that of today. It will need to be more integrated and offer on-demand and personalized services that will include autonomous, shared, and connected cars. Blockchain has the potential to play a major role in underpinning the industry transformation that is coming.

There is a need for a system that enables secure data exchange and a tamper-proof archive for vehicle records and shipping events in the automotive industry. This system will cut the number of delays and fraud, saving shipping businesses millions of dollars. So, the E-Motive is here.

What is E-Motive?

E-Motive Auto Exchange is a decentralized finance auto marketplace (De-Fi), where anybody can buy, sell, or exchange a vehicle from anywhere, at any time. E-Motive was developed in response to the nuisances in the vehicle buying process.

Goal of E-Motive.

The primary goal is to provide consumers with a one-of-a-kind, industry-altering experience. It entails being linked to real-time data and information and being integrated with all consumers from dealerships to the general public, around the country. All of this is completely automated by the A.I. system of E-motive.

Whether consumers want to buy, sell, or exchange a vehicle, using AI machine learning technology, it will simplify the consumer experience from start to end, E-Motive will be the De-Fi auto marketplace for everybody.

Features of E-Motive

E-Motive is built on three core pillars: buyers playing the central role, dealers providing purchase options to buyers, and an inspection department to check the vehicles being added to the platform. These three make E-Motive the most advanced decentralized automotive marketplace.

Advance KYC verification - To prevent identity theft, E-Motive has a robust and tamper-proof KYC system that buys and sells vehicles as safely as it can be. E-Motive makes sure the KYC is done authentically via checking Driver Licence & Passport
Search with advanced filters - E-Motive's vision is to host all kinds of vehicles that can be traded through a decentralized network. With that vast database of vehicles, the platform integrates search engines with advanced filters to match buyers with the right and exact vehicle model.
Watchlist - The constant flow of vehicles for buying and selling is inevitable. The buyer is matched with their preferred model if not available at that moment of purchase; the watchlist feature will notify the availability of purchase as soon as it hits the E-Motive marketplace.
Payment Options - E-Motive is a blockchain-based decentralized automotive marketplace; with that as a core, buyers can choose the payment from their cryptocurrency portfolio. Also, being a vision to become a global user can complete a purchase with fiat currencies too.
Single Panel Inventory Management - The platform enables managing all the business from a single dashboard itself. Add new, buy, edit, sell, and update minor details via a single panel explicitly curated for the dealer's convenience.
Exchanging Enabled - All the dealers existing in the ecosystem will have the option to exchange their inventory entirely or partially and even selectively. Moreover, dealers can find each other details for discussing pricing, model, date, and time for the exchange, all from their dealer's panel.
Rewards - Dealers deciding to stake their earnings into E-pool will be rewarded in EMOT( E Motive Token). The staking reward allocation depends on many factors but primarily it is based on the time they leave in the pool for staking.
Inspection Panel - E-Motive will create a reliable decentralized automotive marketplace, inspection officers are trained to grade the car's condition and provide an accurate pricing range. All this can be done from a single panel provided to the inspection officer
Inspection History & Statistical Analysis - The complete history of inspection done by an officer is kept safe, as the whole platform is a decentralized blockchain, no alteration can be done after the results are posted. Officers also check accepted vs. rejected vs. completed inspection in the form of interactive visual tools.
Push Notification - E-Motive will update all the eligible inspection officers as soon as the new request is updated on the platform. As a result, all of them will have an equal chance to accept and void any bias in the process of allocating inspections.

Ecosystem of E-Motive

E-Motive’s platform via the E-Market ecosystem integrates and connects consumers to a network of simpler solutions. In addition, Dollar Exchange will help individuals who want to buy, sell, or exchange their vehicle using alternative payment methods such as bitcoin. This ecosystem will provide each entity (consumer, dealer, and inspector) benefits in different ways and plays important roles in the marketplace.

E-Market - E-Market is the marketplace that any consumer may use inside of the E-Motive platform. We can eliminate the hassles of buying, selling, and exchanging vehicles using our blockchain-based technology for buyers. Before purchasing a vehicle, the general public will have access to all of the tools a dealer employs to assess it. With these tools, consumers will understand the maximum anticipated return on their vehicle and how much it takes to recondition the vehicle to get the most value out of it.

Dollar Exchange - The exchange platform will act as a "middleman" for you when transferring money from your bank account or crypto wallet. Dollar Exchange allows users to connect to their bank account or crypto wallet through a simple KYC verification process, convert their money into EMOTs, and begin their journey through the auto marketplace.

Dollar Exchange, being the decentralized crypto exchange platform, brings everything you need to conduct trading on the E-Motive automotive marketplace. By building the exchange platform into the existing ecosystem, E-Motive will bridge the gap between the marketplace and utility token with the in-house exchange platform itself.

EMOT (Utility Token) -. E-Motive is the utility token that will be used to transfer funds from one end of the marketplace to the other. In addition to its purpose, having liquidity in the market will encourage the end-user to "hold," the strategy of purchasing and holding bitcoin, the tokens for staking possibilities.

Utility of EMOT Tokens

EMOT will be a flexible utility coin that will be linked to De-Fi auto marketplace. Consumers may buy EMOTs from the exchange and use them as payment. You may also stake and participate in the E-pool for auto loan liquidity.

Tokenomics
Total Supply - 1,000,000,000 EMOT
Inital Supply - 500,000,000 EMOT
UnicryptILO (Initial Liquidity Offering) - 200,000,000 EMOT
Token Price - $ 0.05

Roadmap

Conclusion

E-Motive will assist people who choose to buy, sell, and exchange their vehicle using alternate means, such as bitcoin, to make a down payment. Adopting Bitcoin or another cryptocurrency as a viable payment mechanism in the automobile industry will be a major game shift in consumers’ purchase of new and used vehicles.