What is 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 is the first e-commerce platform which is based on the Ethereum blockchain technology that allows users to sell, buy and auction cars using cryptocurrency as a payment method. The automotive industry has seen a monstrous growth in the past two decades which will be tapped by Autobay by introducing cryptocurrency as a financial asset to acquire goods. Currently, cryptocurrencies are not utilized in a legitimate manner uniformly and the blockchain technology potential is not properly applied for practical applications in real life as a financial asset.

How Autobay Works

Autobay overcomes this current limitation and provides a decentralized e-commerce platform for users to promote and also to buy their vehicles in 3 simple steps.

In Step one, the user will browse for the car they want based on their needs using the various filters present in the interface. Step two involves receiving the acknowledgement by clicking the button ‘I am Interested’. This step will enable buyers and sellers to receive each other’s profile information to know more about them. Finally, in Step three the Buyer has to open the AutoBay Decentralized app on their device and check the listing of all the cars the buyer was interested. From this, he can choose the one which satisfies his need and proceeds to press ‘Buy’ button to create the smart contract in the Ethereum blockchain. Prior to this, the user needs to do an advanced deposit or full payment using the cryptocurrency of his choice.

The revenue stream of Autobay platform will be from the Car Publications by private sellers in the Autobay website or Dapp and also from selling advertisement within the website.

Benefits of Autobay

AutoBay will enter a massive market that has no shortage of customers The question will be whether they can influence buyers/sellers to use their product? In this aspect I solely think they will be able to convincingly, with the many many benefits it offers ranging from Safe payment, Secure Transactions, Low Fees, Rewards, User verification, User Reviews and Better User Experience.

• For the first time, an e-commerce platform allows people to buy goods exclusively using cryptocurrency without any Fiat Payment
• Encourages growth of the crypto community as a whole by opening up the cryptocurrency environment to people all over the world with fewer fees.
• Autobay will be able to provide a great variety of statistical data to dealership and sellers, empowering them into creating a better sale, marketing and pricing strategies.

Unique Team

Team composition and experience is the most important thing for any venture to nail the ICO. AutoBay seems to have a balanced and experienced team with Alejo Serrano as CEO, he is the early adopter and developer of cryptocurrency with more than 30 projects on his profile. Moreover, they have former product developer of PlayStation on board. They also have some great talented and experienced advisors such as; Melody Bohn, Nicolas Di Pietro, and others. So, AutoBay team looks pretty solid and experienced and will attract many investors.

In conclusion, having an e-commerce platform that allows goods to be purchased in one of the largest markets in the world will help create a real demand for the use of digital currencies, not only as a speculation tool for investors, but as a financial asset with real value to the market. I like this project alot and i think it will be a great success. The market is enormous and with the token price at just 0.0001ETH, with the demand of investors it is expected that the price of the token will increase. Then, as an investor, you can certainly benefit from it.

Get on Board and Invest in this massive Project and you will be glad you did.

WEBSITE: https://www.autobay.io/
WHITEPAPER: https://www.autobay.io/whitepaper
FACEBOOK: https://www.facebook.com/Autobay.io/
TWITTER: https://twitter.com/Autobayio
TELEGRAM: https://t.me/Autobay
ANN THREAD: https://bitcointalk.org/index.php?topic=3327461

Author: belushiiwuzeree
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2191289