Autobay is a car payment platform

bsu (25)in #bitcoin • 6 years ago

Discover the AUTOBAY Platform you can use to sell, and launch new and used cars from worldwide vendors and dealers in the largest Blockchain e-commerce environment.

Autobay will allow user reviews to create the ideal environment for safe and secure transactions to occur, allowing 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 see statistics on each vehicle posted and a list of potential buyers who are interested.

Autobay is the first e-commerce platform based on the Ethereum blockchain that allows users to

sell,

buy, and

auction your vehicle

using cryptocurrency as a method of payment. Every year more than 80,000,000 new cars are sold worldwide and only in the US more than 100,000 used cars are sold every day, through an obsolete money-dependent process.

Autobay's vision is to create real value for cryptocurrency that enables them to act as a financial asset to buy goods (vehicles in this case) while solving everyday problems of the car industry,

creating a much safer process,

it's simpler and safer to buy a vehicle.

Autobay's main goal is to create legitimacy into the cryptocurrency market by allowing the use of Bitcoin (BTC), Ethereum (ETH) and Autobay Tokens (ABX) as financial assets to obtain goods (cars, trucks and motorbikes).

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 the dealer, which involves a stressful and unsafe 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 a used car from a private seller, people are forced to travel to an unknown location,

Where unknown sellers claim to own the car they want and make cash transactions in very uncomfortable situations.

Risks such as loss of money, robbery, payment with false records and time lost are part of the risk involved in cash payments. Over the past 100 years, the process of purchasing vehicles has been the same part, and is outdated and unsafe. process.

Solution

Autobay is a patented e-commerce platform that allows users to promote their vehicles so that everyone can see them online, enabling users from all over the world to buy vehicles using cryptocurrency as a payment method. Theautobay creates a much simpler and safer experience when buying a vehicle, allowing people to buy cars with just 3 easy and safe steps.

The first step

The person must find the car they want,

using filters that shorten their search for brands,

model,

year,

millage,

price range

and certain locations (radius within km).

Second step

When someone finds the car they want,

Either new or used,

They just clicked a button that appeared in the publication that said I was 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 sides,

Sellers and buyers receive each other's profile information.

Third step

When people agree to buy a vehicle does not need cash payment,

The only thing the buyer has to do is open the Autobay application

Decentralized on their mobile device,

go to the "I'm interested" menu,

Where is the list of all cars that are interested in buyers,

He then looks for a post in a particular car he wants to buy, and

through a wallet embedded in 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 an Intelligent Contract in Ethereum Blockchain that pays the car.

Autobay will also allow Auctions at any given time.

The auction will not be a regular feature that will be present on the platform every day,

But as it happens at Auto shows all over the world,

They will be special events every period of time depending on the country, (ie once a month,

after everyone from all over the world will have a chance to buy the car at auction directly and the offer will only be made in crypto currency.

Benefits

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

The buyer will have a vehicle display that is larger than the local or regional auction.

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

Buyers will be able to buy cryptocurrency before Pre-Sales - General Sales of Autobay tokens at discounted prices to pay for vehicles later on at a higher price.

Autobay will exclusively receive Cryptocurrency (BTC, ETH, and ABX) as payment methods, no FIAT currency will be accepted. This cryptocurrency will also be used to pay for vehicle publications by users and as a payment method for companies to advertise their brands on advertising banners on the site. Paying with ABX will offer users and discount companies for Bitcoin (BTC) and Ethereum (ETH) that benefit users because they have more competitive prices and create higher utility for ABX Tokens.