AUTOBLOCK

The world is changing gradually and advancing into the future; blockchain technology is a really big facilitator of the advancement. Since the period of the introduction of blockchain technology, it has been used to solve a lot of problems with several industries in the world but despite the usefulness of blockchain technology, it is yet to get globally adopted as there are still some industries that are yet to leverage the blockchain technology into their operational functions. The Automobile industry was one of those industries but a group of people who have witnessed the usefulness of the blockchain technology is in the process of incorporating the blockchain technology into the Automobile Industry by introducing the "AutoBlock Ecosystem".

Imagine a scenario whereby people can buy cars or even repair their cars and pay with any currency they wish to without having to first find a way to convert their cryptocurrencies into Fiat currency and lose a portion of their money to transaction and conversion fees or even have the spotlight of the government turned to their direction; AutoBlock makes this Scenario a reality. It can be a real hassle locating car dealers that actually receive payments in cryptocurrency and the fact that there are just a few of them that it is really hard to locate them is a little understandable.
The unavailablility of the data on cars before purchase has been a big issue in the automobile industry; buyers are entitled to all the existing data on cars before they make their purchases but monopoly has prevented the availability of data to prospective buyers. The AutoBlock platform essentially solves all of these issues related to the Automobile Industry.

The AutoBlock platform would activate the use of cryptocurrency in the purchase of Automobiles by creating a designated cryptocurrency for the Automobile Industry thereby making transactions really easy for car dealers and buyers alike. The designated cryptocurrency, Autocoin carries a whole lot of benefits for car dealers and buyers; transactions are made really easy with no draw back time at all and very little transaction fees with high levels of security. The AutoBlock platform consists of an exchange on which all the transactions within the platform is being done.

AutoBlock Token.
The Autocoin which is of the ERC20 token standard would have a total supply of 400,000,000 Autocoins from which 55% (220,000,000 Autocoins) would be made available for sale.

Tokensale Details.

The Autocoin distribution would be as follows:
20% of total supply goes to the presale with 35% going to the ICO, 19% is retained with 15% going to the team, 6% for bonuses and rewards and 5% for the seed round.

The funds generated during the token sale would be allocated as follows:
11% goes to trade connect, 23% goes to the development, 10% to the operations, 8% to marketing, 5% to audit, 6% to bounty campaigns and bonuses, 30% would be used as endowment fund and 7% for licensing and legal.

Roadmap.
Q1 2017
-Idea of AutoBlock is born.
-Proof of concept.
-First investment received.
Q2 2017
-Planning on development.
-Team finalising for the development.
Q3 2017
-Development started.
-Initial private investment round.
-Whitepaper started.
Q4 2017
-London office setup.
-Data gathering of over 30 million vehicles.
Q1 2018
-Alpha version of platfrom released.
-API services development started.
Q2 2018
-Pre-ICO round.
-E-wallet.
Q3 2018
-ICO.
-Exchange listing.
-Mobile app (iOS and Android).
-Services would be live for members (Beta Version).
-Platform live for dealers.
Q4 2018
-Geographical expansion of dealership unto platform.
-POS alpha version.
-Valuation services to Indian and South African markets.
Q1 2019
-Fiat currency conversion.
-Live services with commercial clients (Alpha version)
-Buying cars on finance with Autocoin/Cryptocurrency.
Q2 2019
-Main dealerships onboarding.
-Electric charge points development started.
Q3 2019
-Valuation services expansion (far East and rest of Asia).
-Car sharing on AutoBlock's blockchain.
-Fleet management.
Q4 2019
-POS integrated with parking systems (pay for parking with Autocoin).
-Electric charge points alpha with integrated POS.
Q1 2020
-Car sharing app alpha live.
Q2 2020
-Car sharing beta live.

Team.

Useful Links:
Website: https://www.theautoblock.com/
Whitepaper: https://www.theautoblock.com/uploads/files/20180702092247.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4570049
Telegram: https://t.me/autoblockofficial
Twitter: https://twitter.com/AutoBlockX
Facebook: https://www.facebook.com/AutoBlockX/
Medium: https://medium.com/@autoblockx
Reddit: https://www.reddit.com/user/AutoBlockX

Writer's Bitcointalk username: kitanodebunmi
Writer's Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1298583
Writer: kitan Odebunmi.