Ico: AUTOBAY:BUY YOUR FIRST CAR WITH BITCOIN

AUTOBAY IS THE MOST SAFE, SIMPLE AND SECURE WAY TO BUY THE CAR YOU WANT

What it does?

Autobay allows you to buy, sell and auction new and used cars from private sellers and dealerships from all over the world in the largest blockchain based e-commerce environment. You will be able to pay with cryptocurrencies for the security of a cash free payment process.

Autobay will allow user reviews to create the ideal environment for safe and secure transactions to happen, allowing buyers to get reviews on sellers and dealerships.

Sellers on the other hand will boost their sales through a platform of buyers.

HOW AUTOBAY WORKS

AutoBay allows you to buy a vehicle in 3 easy steps.

The Autobay Dapp and website allows you to search for the car you want, Add filters to customize your search i.e. for brand, model, year, milage and distance so you can adjust to find results of cars, motorcycles or trucks within i.e. a 20 mile radius.

VISIT

Once you have found the car you are interested in, by clicking "I'm interested" you get the sellers information and the seller obtains your information. This helps dealerships get organized and understand the demand of each of their vehicles.

CASHLESS PAYMENT

Once you have seen the car and you decide to buy it, there is no need for cash. Autobay Tokens (ABX), Bitcoins (BTC) orEthereum (ETH) with no need of cash payment, making Autobay the safest way to buy a car.

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 of dealerships will have when advertisingtheircars in the Autobay platform is that they will have the tools to organize and analyze their own market. For example, given the "I'm interested" button will share the profile information between parties, the dealerships will have a clear understanding of the demand each of 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 of every day, but such as happens in the autoshows all over the world, once a month, once every weeks.

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 big 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, it offers Car Official Store the possibility of Official Store Offshore inside the platform. In an initial stage a trial with 2 or 3 Companies will be made in order to allow them to become acquired by the processes and benefits of theplatform and the crypto payment. Only once the trial is proven that Ford, Gm, Chrysler, Mercedes, BMW, Honda and Yamahaamong will be able to see what they are doing. the real dealership will be able to create the payment though the Autobay Dapp.

By the creation of Official Stores Autobaywill covers 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

REVENUE STREAM

The revenue of the Autobay decentralized e-commerce platform will be the result of

Car Publications

Cars will be published by private sellers or companiesin the Autobaywebsite and Dapp. The costs of this publicationswill vary according to pricing, exposure and duration of the publication on the Autobay website

BRONZE publication will allow users to post their vehicles (cars, trucks, motorcycles) free of charge, giving them low exposure on the site and Dapp and with a limited duration of 30 days.Once this period has expired, if the vehicle was not sold the seller can re publish the vehicle. Bronze publications will only accept ABX Tokens as payment method.
SILVER publication will allow users to pay a small fee duplicating the exposure of the Bronze category and ahave a longer duration for the publication of 90 days. Silver publications will only accept ABX Tokens as payment method.
GOLD publication will have a higher fee than the previous ones, andwill allow sellers togain twice as exposure as Silver threads in the listings thanthe Silver category and willnot have a duration, they will be on site until the car is sold or user deletes it .Gold publications will allow ABX Tokens and ETH as payment methods
PLATINUMpublications will pay the highest exposure within the site, appearing between the first results of the site andpublications will allow no limit to its duration.Platinum publications will allow ABX, ETH and BTC as payment methods

Car Dealerships will be able to pay for GOLD, SILVER AND PLATINUM packs allowing them to post large quantities of vehicles at a bulk price.

Advertisement

Aliran pendapatan lainnya akan diberikan dengan menjual Iklan dalam situs. Akan ada iklan banner atas, bawah dan lateral yang akan dijual kepada perusahaan yang ingin mempromosikan produk mereka di platform Autobay. Perusahaan-perusahaan yang ditargetkan untuk ruang iklan seperti itu akan menjadi orang-orang yang terkait dengan dunia otomotif yaitu mobil, produsen sepeda motor dan truk, pameran mobil, lelang mobil (bahkan di dalam situs), balapan, dll. Jenis iklan ini akan dijual secara eksklusif melalui cryptocurrency dan membayar dengan Token Autobay akan memungkinkan harga yang lebih baik daripada BTC dan ETH

AUTOBAY TOKEN (ABX)

INTRODUCTION

The Autobay (ABX) Tokens are built on the ERC Standard based on the Ethereum Blockchain, which allows their integration with virtual wallets such as MyEtherWallet.

The ABX Token will create a Smart Contract between the two parties, buyer and seller, and it will be stated as the model, year and price of the car. payment method for the GAS used to create the blocks in the Ethereum blockchain

Autobay will exclusively accept Cryptocurrencies (BTC, ETH and ABX) as a payment method, no FIAT currency will be accepted. These cryptocurrencies will also be used as payment methods for companies to advertise their brand in advertisement banners within the site. Bitcoin (BTC) and Ethereum (ETH) are interested in ABX Tokens.

TOKEN INFORMATION

PAYMENT METHOD

Only Bitcoin (BTC), Ethereum (ETH) cryptocurrencies are accepted to buy Autobay Tokens during the Presale and Crowdsale.

TOKEN FLOW OVERVIEW

The specific flow of ABX Tokenswould differ between people who have acquired them during the public. In order to get hold of them ABX Token holders in third party marketplaces and exchanges.

Below is a description of the basic description of the payment process

Once a Buyer has an autobay Website or Dapp, he presses the "I'm interested button" 2. In that moment both parties, seller and buyer receive the other parties profile information3. 4. The seller will Receive a notification of the completion of the contract and his successful transaction of the Tokens to his wallet

Once the Public Sale is over ABX Tokens will appear in a number of ABX tokens, the possibility of acquiring them. The exchanges targeted for token placementare: Bittrex, Binance, Kraken, BItstamp, Bitfinex, etc.

Once the Token Sale has ended, No new Autobay ABX Tokens will be created

In order to understand the scarcity of Tokens created the total value of the Token emission

ECONOMIC MODEL

Autobay (ABX) Tokenshave a fixed supply of 945million. The entire supply of tokens will be issued at the beginning of the token sale and no new tokens will be created after this instance. Therefore, creating a limited supply. In order to understand the scarcity and exclusiveness of the Tokens created, the Hard Cap at thePublic Salewill be of $ 24,000,000 which is divided between an average of $ 20,000 per car would only allow 1200cars to be sold worldwide. In order to understand the scale of this number Toyota sold in 2016 only in the US 223,000 new cars.

REWARD AUCTION

The main objective of the Autobay Dapp and website is to create value to cryptocurrency by creating a financial asset that from day one has got utility. To do so, we have created the first Reward Auction, whichwill act as a normal auction with the difference that the bidding will be done while participating in the Token Sale. When a person contributes in the Token Sale, that exact amount of money is considered as a bidding in the Reward Auction without having to make any further payment.

A person that contributes with 8 ETH in Token Sale, appears in the Top 25 Token Holder list with a bidding of 8 ETH.

The listings of 25 Top token holders will allow contributors to see what the auction is for. Top 10 Token holders (amountsof tokens bought) at the end of PreSale and Crowdsale will be rewarded with ABX Token prizes and the Top contributor (# 1) will be rewarded a car

List of Rewarded cars: Toyota Yaris ($ 15,600), Mercedes A Class ($ 35,000), Ford Mustang ($ 42,000), Chevrolet Corvette ($ 55,495), Jaguar F Type ($ 78,500), Porsche 911 ($ 104,000), Mercedes GT ($ 175,000), Ferrari 488 ($ 255,000) and Lamborghini Huracan Performate ($ 320,000).

The rewarded car will change in direct relation to the amount of Cap up at the end of the Crowdsale i.e. if the total amount raised is aprox.US $ 1,500,000 the rewarded carwill be a Toyota Yaris and if the Crowdsale reaches the Total Cap. of $ 24,000,000 therewarded car will be a Lamborghini Huracan Performante. The car will be available only in the following countrieswere the promotion is valid (England, France, Italy, Germany, Spain, Switzerland and Austria), if the Top contributor (winner) is from another country from the ones mentioned, the prize will be rewarded in ABX Tokens and will deliver the Token Sale's contents . Delivering the rewarded car within the mentioned countries will be donewithin the next 6 months after the crowdsale has ended.

This Reward Auction will allow users to understand the value and utility of Digital Automobiles in a distinctive way.