CRYPTOKID: AutoBay: Blockchain-Based eCommerce to Buy, Sell and Auction Cars

Humans are social creatures that require interaction. By interacting they can give and take benefits. One of the interaction practices is buying and selling with which they are able to get the needs they want like a car.

Before you go to a dealer, showroom, or exhibit should first understand the terms of buying and selling the car. This way can also be your provision for the bargaining process so more smoothly. While looking around the car dreams both in showrooms and exhibitions, sales will generally show a brochure containing information on the type of car and price. Typically, the price column is written off off road and on the road or often abbreviated as OTR.

Already go to dealers or exhibitions, sales tell you that your dream car is still pivot. That means, the car is not yet available at the dealer and still waiting for the arrival of new stock from the factory.

When the car stock is available at the dealer, your chances of getting it are not guaranteed. If the car is high demand, it could be a new stock that came immediately sold out. That’s why salespeople often offer you to book in order to enter the order queue.

However, you are sometimes confused to do a transaction because maybe you are in doubt for it all, here I offer a platform that can do it all, because this platform has been decentralized with cryptocurrency that is AUTOBAY E-Commerce platform to buy, and sell & auction any vehicle with cryptocurrency

About AutoBay

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 car you want with low transaction rates and with 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 backend platform that will allow them, among other tools, to see statistics on each posted vehicle and the list of interested potential buyers.

Autobay is the first ecommerce platform based on the Ethereum blockchain that allows users to sell, buy and auction vehicles using cryptocurrencies as payment method. Each year over 80,000,000 new cars are sold worldwide and only in the US over 100,000 used cars are sold every day, through an outdated, cash depending process. Autobay's vision is to create real value to cryptocurrencies allowing them to act as a financial asset to purchase goods (vehicles in this case) while solving a day to day problem of the car industry, creating a much safer, simpler and secure process to purchase vehicles. Autobay's main objective is to create legitimacy to the cryptocurrency market by allowing the use of Bitcoins (BTC), Ethereum (ETH) and Autobay Tokens (ABX) as financial assets to acquire goods (cars, trucks and motorcycles).

Problems

When purchasing a new vehicle almost everyone at some 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 a cash-only sales policy, 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 such as losing money, being robbed, payment with fake notes and lost time 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 it's outdated and unsafe. process.

Solutions

Autobay is a patented e-commerce platform that allows users to promote their vehicles so everyone can see them online, allowing users from all over the world to purchase the vehicle using cryptocurrency as a payment method. Theautobay creates a much simpler and safer experience when buying a vehicle, allowing people 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 the person agrees to buy a vehicle does not need a cash payment, the only thing the buyer should do is open the Decentralized Autobay app on their mobile device, enter the "I'm interested" menu, where the list of all cars who is interested in the buyer, he then searches 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, choose the cryptocurrency he wants to pay with and by pressing the "Buy" button he creates the Intelligent Contract in Ethereum Blockchain paying for cars.

Autobay will also allow Auctions at any given time. Auctions will not be a regular feature that will be present on the platform every day, but as happens in Auto shows around the world, they will be a special event every specific time period depending on the country, (ie once a month, once everyone from around the world will have a chance to buy a car at auction directly and the offer will only be made in crypto currency.

AutoBay Benefits:

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 buy cryptocurrency either before Pre-Sale - General Sale of Autobay token at a discounted price to pay for the vehicle at a later date at a higher price.

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 to pay for publication of vehicles by users and as a payment method for companies to advertise their brand in advertisement banners within the site. Paying with ABX will offer users and companies a discount over Bitcoin (BTC) and Ethereum (ETH) benefiting users for having more competitive prices and creating a higher utility for ABX Tokens.

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

Search

The Autobay Dapp and website allows you to search for the car you want, adding 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 address and profile and the seller obtains your profile information, so he knows before hand who is going to visit the car. 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 allows you to give an advanced payment or directly pay with Autobay Tokens (ABX), Bitcoins (BTC) orEthereum (ETH) with no need of cash payment, making Autobay the safest way to buy a car.