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AUTOBLOCK - Revolutionize the Automotive Sector

lawanson28(9)

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Dear reader, Just as my usual practice of bringing valuable and profitable information across your way, let me quickly give you information about this great innovation known as “AUTOBLOCK”.

AutoBlock is a range of products including cryptocurrency that provides control of vehicle purchases, data, and valuations to individuals. This project aims to provide cryptocurrency aimed at the automotive industry which will allow to make vehicle transactions fast, safe and transparent.

It will function on the Autocoincars.com platform, a website that allows car dealers and private car users to sell their vehicles. Transactions will be carried out through Automatic Block exchange, changing their cryptocurrency to AutoCoin (ATC), a cryptocurrency that relies on the project. AutoBlock users who already have Auto Coin can run a limited number of free assessments. They can also use their Auto Coin to buy premium subscription packages that can be used for several vehicles and questions.

AutoBlock uses vehicle appraisal as well as car data, their system will serve the motor industry's professional bodies such as Insurance Companies, Car Dealers and Leasing Companies. Offering real time compilation of data directly utilizing BlockChain technology results in a database of all vehicle specifications produced throughout the World.

Utilizing blockchain technology, Autoblock overcomes the automotive industry problem today

Current Market Challenges
Data
The essence of many problems in the automotive industry is the lack of data. Because technology, applications, and services that come from everything from sensors to artificial data work together to transform the automotive industry, the car ecosystem witnesses the constant entry of new players, all with a clear need for large data and analysis. One particular need is head and shoulders above the other: the need for a decentralized global database that gives users direct access to various vehicle data relating to private vehicles (for example, model, manufacture, year of manufacture, mileage, usage, ownership, etc.).

At present, this knowledge is divided, giving an overview of global availability and inadequate car use. What is needed is a centralized data repository - something comprehensive and global.

Assessment
When a private vehicle changes hands at a record level, a large amount of data related to this vehicle is being made. Collecting this data has become commonplace, but what must be done with this data is another problem; utilizing data-based insights for assessment and other goals still in the nascent stage.

Market Saturation
With global car sales at an all-time high, there is a clear need for a revolution in the car sector - one that overcomes the main problem of the sector.

Payment
Blockchain is a technology that supports bitcoin and other cryptocurrency, but much more than this too. Dataastorage potential is almost unlimited. There are many opportunities to use blockchain technology in the automotive industry. Used in the right way, blockchain has the power to change products, services and processes. Take for example the use of cryptocurrency for car transactions. With untold digital capital in the capital of buyers and sellers, wider cryptocurrency acceptance can revolutionize the industry. While the blockchain application is still in its nascent stage, there are currently no other coins that focus on automotive industry transactions.

Autoblock solution
Global Database about Blockchain
AutoCoin has a new approach that will solve global problems arising from the lack of a centralized database. By using our own Blockchain and AI, we will design a platform that will store every new vehicle's history by collecting available data that covers the entire life cycle of the vehicle, providing a complete picture of each vehicle and, most importantly, its value.

Independent Assessment
The autoblock solution uses an industry-driven algorithm to assign values to the vehicle used. There are currently no products / services available on the market - no one uses blockchain technology (based on proprietary algorithms) to run and store valuation data.

In this model, users will provide various data points about the vehicle such as age, make, distance traveled, model, major improvements made, physical damage, past insurance claims and so on.

These data points are then run on a pricing algorithm that will provide users with the best and most appropriate rating for their car. Not only that, Automatic Coins will direct users to certain locations where the value of their vehicle will be higher.

Each geography is subject to its own market dynamics in the assessment game. By using data that runs on proprietary algorithms, Automatic Coins provide users with a list of the best places (geography) where higher valuations allow users to get more significantly for their vehicles.

Crypto payments
With Auto Coin, people will be able to buy, sell, or transact in cryptocurrency every time they buy, sell or trade a car, regardless of whether the transaction is between two private individuals or through a dealer. This revolutionary idea is expected to disrupt the primary car market and used car market. Delivery of crypto payments to buy and sell cars will be carried out using the following three methods:

Web Portal: Customers will be able to access our system through a web portal on their computers, tablets, or mobile.
Cellular Application: Users can download our mobile application, which will be available on Google Play and iOS. This application will display a number of services, including a large book wallet for easy storage and transfer of crypto coins.
API: Autoblock will provide API access to its blockchain through the ERC-20 standard. Customers will process their transactions by choosing their preferred currency (for example, Automatic Coins or US $). Payment is then processed in that currency.
The system will convert the amount and process the transaction (depending on available funds). If no currency choice is made, Automatic Coins will process transactions in the default currency.
More and more platforms are growing and are increasingly being used, the more valuable Auto Coin tokens. This will generate benefits for users - a good reason for them to maintain their Auto Coin for a long period of time (like other cryptocurrency).

Automatic Coins can be used in:

Peer-to-peer transaction
Prepaid card transactions
Business for individual transactions
Individuals for business transactions
Business for business transactions
Repairing the Broken Token Market
Auto Coin aims to solve existing problems from the token market using a subscription model: users must subscribe if they want to run an assessment algorithm. Users who already have Auto Coin can run a limited number of free assessments. They can also use their Auto Coin to purchase premium subscription packages that can be used to provide a much higher number of vehicle assessments and questions.

In addition, Automatic Coins offer unique benefits: all Automatic Coin holders have the right to participate in business profits. This is a unique opportunity offered by no other coin in the car segment.

AutoCoin Token Sales
Ethereum-based AutoCoin, compatible with ERC-20 standards, with a total number of tokens of 400,000,000 ATC, of which 220,000,000 are destined for sale. Token sales will be held in several rounds by giving bonuses on the sliding scale. Private sales begin in July 2018 and will be followed by pre-sales starting September 15, 2018. Tokens will be allocated in the following ways: 20% - pre-sales, 35% - initial coin offer, 19% - retain, 15% - team, 6% - prizes and prizes, 5% - round of seeds.

Token Information
Name Token: AUTOCOIN
Token Ticker: ATC
Platform: Ethereum
Type: ERC20
Total Tokens Supply: 400,000,000
Registration Country: England
Website: D ISINI
Whitepaper: D ISINI

Investment Information
Tokens for sale: 220,000,000 (55%)
Acceptable currencies: ETH, BTC, BCH, LTC
Price of tokens: 1 ATC = $ 0.25
Soft stamp: 5,000 ETH
Hard stamp: 40,000 ETH
Forbidden area: China, Mexico, Russia, Saudi Arabia, South Korea, United States