Overview:
Auto Block project is trying to link the automotive industry with cryptocurrency. It will enable car dealers to accept cryptocurrency as a payment option. The project has a sales portal called, “autocoinscar.com” where car dealers can sell the cars and accept cryptocurrency as a payment. This project also provides a platform for car dealers and buyers where they can access to an effective live car valuation tool. Autocoin will be the token which will be used in this platform for carrying out the transactions.
Challenges:
• Cryptocurrency cannot be used today directly in the real world. Autoblock has provided a real use case where cryptocurrency can be used to buy and sell cars. This eliminates the need to go through long procedures of converting cryptocurrency to fiat.
• People who want to buy a car using cryptocurrency find it very difficult to find such cars online. Very few dealers are there who are willing to accept crypto but still hesitate to transact through cryptocurrency.
• The current automotive industry is centralized because of which people are unable to get access to accurate valuation data. There are many external influences which result in manipulation of car valuation data.
Auto Block Solutions:
Autocoin will be the cryptocurrency token that will be used in this platform. Autocoin will ease the process of buying and selling cars using cryptocurrency. People can buy cars anywhere in the world using Autocoin. Users will also get more security as this will not require the storage of bank details of the buyers. Sellers also get many benefits such as they accept crypto as a payment option worldwide. The transaction fee is much lowers and there is no entry fee to accept Autocoin as a payment option.
Autocoincars.com is a portal which displays new and used vehicles, performance of the cars, prestige and classic cars. Buyers can access this portal where they get wide variety of choices to buy the cars using cryptocurrency. Car dealers list their cars on this portal and they also get incentives for accepting Autocoin as a payment option. This portal also consists of car data and valuation services which enables buyers to check all the information before making a purchase.
The Exchange: The car portal will also be integrated with an exchange which will be used to convert fiat to Autocoin and vice-versa.
Team:
Mohamed Ezeldin - Co-Founder
Experienced at developing business strategies with a demonstrated history of working in upper management. Skilled in Research, Management, Leadership, Blockchain, and Innovation. Strong education professional with a master’s degree focused in Mathematics and Statistics from Queen Mary University of London.
Mustansar Iqbal - Founder, HOD
He has seven years of work experience as Marketing Executive in a large organization responsible for handling all customers and visitors in addition to providing extensive organizational and administrative support.
Boris Otonicar - CTO
He was a blockchain consultant and ICO advisor in many companies suci as Bitbose.com, Pokersports, Selflerry, Plentix, REPU and many more.
Token Matrix:
Token – Autocoin (ATC)
Total Supply – 400 Million
Price – $0.25 USD
Soft Cap – 5000ETH
Hard Cap – 40000ETH
Accepted Currency – ETH, BTC, LTC
Private Sale Ends – 15 August 2018
Crowd Sale – 16 August to 30 September 2018
Verdict:
Pros:
• The team members and the advisors behind this project has experience in marketing, blockchain, ICO, digital marketing, operations, finance and many more.
• The alpha version of autocoincar.com is available on their website.
• The whitepaper and roadmap of this project is properly explained.
• The Project has partnered with IT Test, Civic, Waves, Hyperledger Fabric.
Cons:
• The social media reach of this project is low. It has around 2300 followers on Twitter and around 800 members on Telegram.
• The telegram group of this project is not active 24/7 and queries take a long time to get resolved.
• The project been based on automotive industry, the team does not consist of members who are from automotive background.
Website: https://www.theautoblock.com/
Whitepaper: https://www.theautoblock.com/uploads/files/white-paper_1.pdf
Telegram: https://t.me/autoblockofficial
Twitter: https://twitter.com/AutoBlockX
ANN Thread: https://bitcointalk.org/index.php?topic=4570049
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c