AUTOBAY Business Vehicle Trade Using Cryptocurrency

Juli 22, 2018

ABOUT AUTOBAY

Autobay is Ethereum's first e-commerce blockchain platform that lets users sell, buy, and sell cars using cryptocurrency as a method of payment. Autobay will be a worldwide environment aimed at creating market legitimacy using Bitcoin (BTC), Ethereum (ETH) and Token Autobay (ABX) as a financial asset to buy goods.

Autobay will allow user reviews to create an ideal environment for safe and secure transactions to occur, enabling buyers to get reviews about sellers and dealers. Sellers on the other hand will increase their sales through a backend platform that will allow them, among other tools, to view stats on every vehicle posted and a list of interested potential buyers.

EXCELLENCE IS OBTAINED

The seller will have a larger audience to show off his vehicle.

Buyers will have a larger vehicle display over local or regional Auctions.

Buyers will be able to make payments through cryptocurrency at a very low cost.

Buyers will be able to purchase cryptocurrency before Pre-Sales - General Sale Autobay tokens at a discounted price to pay for a later vehicle at a higher price.

SOLUTION

Autobay is a patented e-commerce platform that allows users to promote their vehicles so everyone can view them online, enabling users from around the world to buy a vehicle using cryptocurrency as a payment method. to buy a car with just 3 easy and safe steps:

The first step, the person must find the car they want, using a filter that shortens their search for brand, model, year, millage, price range and specific location (radius within km).

The second step, when someone finds the car they want, either new or used, they just click the button that appears in the publication that says I'm interested, which 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 people agree to buy a vehicle does not need a cash payment, the only thing a buyer should do is open a decentralized Autobay app on their mobile device, enter the "I'm interested" menu, where a list of all the cars interested in the buyer, he then searches the post in the particular car he wants to buy, and through the wallet embedded in the Dapp, he can make an advanced deposit or full payment, select the cryptocurrency he wants to pay with and by pressing the "Buy" button, he creates the Contract Smart in Ethereum Blockchain that pays car.

PROBLEM

When buying a new vehicle almost everyone at one point must bring FIAT currency in cash, either 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 cash sales policies alone, creating greater uncertainty during the process. Furthermore, when buying used cars from private sellers, people are forced to travel to unknown locations, where unknown sellers claim to own the cars they want and make cash transactions in very uncomfortable situations. Risks like losing money, being robbed, payments with fake records and lost time are part of the risk involved in cash payments. Over the last 100 years, the process of purchasing vehicles has been the same part, and the process is outdated and unsafe.

The Autobay Dapp and website allows you to search for the car you want, add filters to customize your search ie for brands, models, year, milage and distance so you can customize to find car, motorcycle or truck results within a 20 mile radius. Once you find the car you're interested in, by clicking "I'm interested" you get the seller's address and the profile and the seller get your profile information, so he knows in advance who will visit the car. This helps dealers manage and understand the demand of each of their vehicles. Once you see the car and you decide to buy it, do not need cash, Autobay lets you pay more payments or pay directly with Autoray Token (ABX), Bitcoin (BTC) or Ethereum (ETH) without the need for cash payment, to buy a car.

SALES SHOP