AUTOBLOCK

6 min readOct 3, 2018

The AutoCoin has developed a truly unique model that aims to achieve adoption by benefiting the automotive industry as a whole. By decentralizing the ‘middle layer’ of retailers and reducing costs incurred by sellers, as well as consumers, we aim to bring blockchain to the market in a smooth and profitable transition.

The beginnings of the most successful companies include responding to existing problems with workable and effective solutions. The AutoBlock and the team behind The AutoCoin have identified striking global problems and have developed attractive solutions that aim to achieve adoption by benefiting the automotive industry as a whole.

How does it work?

Our Eco-System

At the heart of AutoBlock is our hybrid blockchain technology, utilizing the best of public and private blockchain. This will allow unlimited vehicle data transfer using smart contracts that form the basis of our fair vehicle assessment platform;
buy a car through the portal, transfer funds instantly and monetize the results in either fiat, crypto or both through our internal exchanges.

Kartu Pembayaran kami

Balance card in USD, EURO
Fast and easy cash-in loan
Repayment of your loan
Our special AutoCoin card will allow safe and fast transactions to not only purchase cars but also repair and maintenance, monthly rental payments with a vision of fuel and electricity charging points.

AUTOBLOCK project

The aim of The AutoBlock project is to provide a secure automotive industry that is specifically cryptocurrency that will be adopted by car dealers around the world as a de facto payment solution for cryptocurrency car buyers.
Decentralized supply of data and information available in the automotive industry and offering the most accurate and live car assessment tools, car dealers and buyers will have 21st century ‘one stop’ solutions for vehicle purchases, data and valuation access.

Problems encountered

(-) Finding a Car Dealer Receiving Crypto;
It is almost impossible to find a car to sell online can be purchased using crypto.
A number of dealers claimed to receive Crypto but after being further invested, they were not fully prepared to transact via crypto.
Request exists and there is no supply.
(-) Access and Accuracy of Vehicle Data;
The outdated infrastructure that forms the basis of current industry standards from actively built tools hampers natural growth, especially in new areas of vehicle sales in emerging markets.
The automotive industry currently relies on monopolized data and valuation systems that are most subject to external influence and manipulation [Assessment] and the worst is not available in detail to the public [Data].

(-) Access to Vehicle Assessments and Accuracy;
At present this data is not available or is fragmented and therefore offers inaccurate and different assessments. This is due to the game of commercial organization monopoly, which supplies vehicle valuations.
There is a need for a decentralized global database that gives users direct access to various vehicle assessments based on age, mileage, specifications and location.

AUTOBLOCK solution

The AutoBlock
Stand-Alone Solution Set to Revolutionize the Automotive Sector.
Facilitate the purchase, valuation and specification of vehicles worldwide. The series of Blockchain chain products that will become inseparable as well as automotive industry standards.
Buy a Car with Bitcoin — AutoBlock sales portal.
Buy a Car with Bitcoin is a portal that offers new and used vehicles, performance, prestige, and classic cars for sale to buyers who want to transact using cryptocurrency.
Car dealers will be given the opportunity to register their cars through automation of special stock feeds to the portal. Until now there is no sales opportunity to become a cryptocurrency solution provider.
A sales portal website that offers vehicle sales [worldwide] from dealers who receive Autocoin.
Integrating car data and rating services, Buy a Car with Bitcoin will be a one-stop destination for everything needed to check and buy a vehicle.

By clicking the button, the seller can see the complete history of the vehicle, including mileage, major repairs, ownership details, etc.
Auto Block offers a unique set of products that will align cryptocurrency with the major automotive industries by making vehicle transactions safe, fast while also giving you full access to historical data of vehicles purchased, NVD (new vehicle data), and valuations.
Provide transparency to buyers, as well as sellers.

The mission of AutoBlock is to serve professionals such as insurance companies, car dealers and leasing companies in the motorcycle industry with accurate and easy access and data and ratings. Blockchain technology used to collect real-time valuations with the help of direct data will generate a rich database of all vehicle specifications around the world. Automatic Block Technology will enable individuals and businesses to access information about car data and assessments wherever they are.

Token function

Target
Soft Cap: 5,000 ETH
Hard Cap: 40,000 ETH
Token Nature
Autocoin will initially be an ERC-20 token. After our main net is aired, we will exchange all ERC-20 ATC tokens to ATC tokens on our original Blockchain with a 1: 1 ratio.
Token Type
Autocoin will become a Security token. Token holders will have the right to get a share of every profit made. Dividends will be paid as the ratio of tokens owned: total tokens.

Number of Tokens
Only 400 million tokens will be made.
Token Value
The token price will be 1 ATC = $ 0.25. The Ethereum level will be pegged after the sale starts.
Accepted Currency
You can buy Autocoin with Ethereum, Bitcoin or Litecoin.

Token Allocation

Fund allocation increases
11% Trade Connect
23% Development
10% Operation
8% Marketing
7% License & Legal
5% Audit
6% Prize
30% of the Endowment Fund

Total supply distribution
20% Pre-Sale
35% STO
19% Defend
15% Team
6% Bounty & Prizes
5% Seed Round

Roadmap

A clear road map and process towards ICO and product delivery
Q1 2017
Ideas for Automatic Blocks were born
Proof of concept
First investment received
Q2 2017 Team
Research & Development
complete for development
Q3 2017
Starting Development
Initial investment round
White paper starts
Q4 2017
Regulating Regional Office (London)
Data collection of more than 30+ million
Q1 2018 Team
ICO Planning
Rent
Seed Round Funding
Q2–2015
Preparation for STO Dealer onboarding
Team Expansion
Q3 2018
MVP
The foundation of life for dealers
E-Wallet
License for Exchange
Q4–208
STO Launch
Testnet Launches
Primary Dealer at Mobile Application Installation
Exchange listing
(iOS & Android)
Q1–2019
Dealer geographic expansion to the platform
Car leasing in Finance with Services
Launch of Exchange Internal AutoCoin
will be directly for Members (Alpha Version)
Q2–2019
Alpha Service Assessment Services
Live with
Commercial Client Expansion (Alfa) to the New region with a POS system
(EU, Turkey, UAE & Kuwait)
Q3–2019
Assessment Services
Beta permission for
Fleet Management Company to Access our Blockchain
Q3–2019
Assessment Services
Beta permission for
Fleet Management Company to Access our Blockchain
Q2–2020
Car Sharing Application
Alpha Live Alpha version of the launch of the rating system in the EU and the Asian Market
Q3–2020
Beta version of live valuation system
POS systems are active on the African market
Q4–2020
Product Enhancement
Get Crypto based Asset Bank,
launch the banking sort code and account service

Success Team

Boris Otonicar: CTO
Dr. Stylianos Kampakis: Advisor
Blockchain Theodosis Mourouzis, PhD: Information & Security Advisor
Sadaf Failey: Senior Legal Adviser
Yagub Rahimov: Strategic Advisor
Laura Zaharia: Regional Sales Executive
Lalit Bansal: Marketing Advisor
Sydney Ifergan: Digital Marketing Advisor
Dmitri Belkov: Strategic Advisor
Paul Markov: Community and Investor Relations

Conclusion

AUTOBLOCK is a good ICO program.
Think business is quite fantastic. This attracts people regularly.
Experienced and skilled cooperation is difficult to achieve.
We can build the ability to achieve goals.
#autoblock
#ICO
#TheAutoBlockICO