Cryptocurrency: AUTOBLOCK - A Groundbreaking Array of BlockChain Based Automotive Industry

Introduce.
AutoCoin, a new business model for decentralized economy. The AutoCoin has developed a truly unique model that aims to reach adoption by benefitting the automotive industry as a whole. By decentralizing the ‘middle-layer’ of retailers and reducing the fees incurred by sellers, as well as consumers, we aim to bring the blockchain to market in a seamless and beneficial transition. The start of most successful companies includes responding to an existing problem with a workable and effective solution. The AutoBlock and the team behind The AutoCoin have identified a glaring global problem and have developed an exciting solution that aims to reach adoption by benefitting the automotive industry as a whole.

The Problem in the Auto industry.
Vehicle Data & Valuations Solving problems, not trying to create them The auto industry currently relies on monopolised data and valuation systems that are at best subject to external influences, manipulation of valuations and at worst are unavailable in detail to the public at all.This outdated infrastructure is actively impeding natural growth, particularly in the field of new vehicle sales in developing markets.
A Global overview of the current status of access to accurate vehicle data and valuations reveals a significant opportunity in developing countries. Car manufacturers are targeting these areas, having identified growth and sales opportunities.

There is an immediate requirement for these data and valuation services for both trade organisations and private individuals overseas. The ability to harness this data will enable many use cases including and not limited to - fair valuations, government institutions, insurance companies, auctioneers, law enforcement and national car registries.

Solution.
Buying Cars With Crypto We’re building a seamless POS system and a bespoke exchange, developed specifically for car dealers to allow them to easily accept any currency, crypto or not, with a significantly lower interest rate, combined with the ability to cash-out via any currency, breaking down traditional trading issues. cryptocurrency. Thanks to its’ ease of use, acceptance, flexibility and transparency,

The Autocoin is ideally placed to become the currency of choice by both car dealers and peerto-peer transactions. The team behind Autocoin have realised the benefits of simplifying vehicle transactions for potential of introducing cryptocurrency to the automotive industry, and aim to capitalise on the buyers and sellers.

Processing via desktop, POS devices or mobile apps, accepting multi-currency payments opens up a new market for car dealers. It creates an easy entry for international buyers and also allows crypto holders to use their digital currencies without having to endure the often expensive process of converting to fiat (“cashing out”) to purchase a vehicle. It also allows dealers to accept payment in crypto, which opens up multiple opportunities for new business models. Autocoin offers a simple and highly efficient transaction alternative that is primed to become the automotive industry’s standard.
Some of the core benefits of using The Autocoin currency for buyers include:

Ability to purchase vehicles worldwide.

No requirement to cash out to local currency via an exchange, incurring high charges.

Significantly lower transaction fees – fast and easy payment without add-on bank charges.

Immediate settlement – no waiting period for transactions to mature (i.e., instant availability).

Security against identity theft – no credit card or bank details being stored by third parties.

The highest level of fraud prevention – thanks to the platform’s utilisation of blockchain technology, Autocoin has reduced the risks of counterfeits and chargebacks to zero.

Easy international payments unencumbered by protracted exchange rate considerations.

Significant choice of vehicles offered for sale via the website autocoincars.com.

Free exposure of vehicles offered for sale worldwide via autocoincars.com.

Fast and easy transaction.

Lower transaction fees.

Easy worldwide payment acceptance.

Team of expert support and advice staff available.

Rewards for holding profit-surplus.

For sellers include :

Free exposure of vehicles offered for sale worldwide via autocoincars.com.

Fast and easy transaction.

No cost entry to accept The Autocoin as a payment solution.

Lower transaction fees.

Easy worldwide payment acceptance.

Ability to retain The Autocoin in digital wallet for investment or other purchases or option to convert to local currency upon transaction completion.

Team of expert support and advice staff available.

The Token Function.

There will be a total of 400 Million Autocoins, of which 220 Million (55%) will be available at all stages of the token sale.

The base price is 1 ATC = $0.25

The price of Ethereum will be pegged before the start of each round.

The STO main sale will have the largest token allocation.

The Auto Block values our early supporters and will reward them with bonuses of up to 20% as a token of our appreciation for their continued support.

As an STO, we want to make sure that there is an even enough spread of tokens between our community and supporters. To do this, we have introduced a maximum limit as to how much an investor can purchase to avoid: i) Token price manipulation ii) Pump and dumps iii) Majority of wealth being in the hands of the few. (whales).

Any unsold tokens will be airdropped to contributors fairly, based on the ratio

Amount invested : Total amount invested.

Soft Cap: 5,000 Eth

Hard Cap: 40,000 Eth

If we do not reach the hard cap, then the project will still go ahead and the focus will be purely on R&D of both Blockchains, onboarding the platform www.autocoincars.com with dealers and private sellers, marketing the platform and the internal exchange.

Moving forwards with the other points of the road map (Data & Valuation) will be delayed until we have a self-sustainable ecosystem which will then allow us to self fund at a later stage.

Allocation of Funds :

Trade connect 11% : Cost of acquisition of car dealers, operational partners, insurance companies etc.
Development 23% : Allocated fund for R&D, maintenance and potential improvements to current and future system infrastructure

Operations 10% : Day to day operations, KSOR Marketing 8%: Spent on Marketing and expanding user awareness & brand exposure.

Licensing & Legal 7% : With the ever changing stance on cryptocurrency The Auto Block aims to be compliant in each jurisdiction, especially as a security token.

Audit 5% : Yearly accounts audit via third parties for transparency. This includes Reward-distribution.

Endowment Fund 30% :

1. Dedicated funds for POS system, so dealers can cash out instantly.

2. Autocoin’s buy-back scheme.

Auto Block will reserve the right to activate a buy-back clause. Should the price of Autocoin drop below 85% of Auto Block’s deemed true token-value, the company will reserve the right to buy-back an unlimited quantity of ATC. Auto Block’s aim is to increase its own share of the project over time whilst increasing the token’s value.

Bounty & Rewards 6% :

1. Volunteer participation and community involvement.

2. Incentives for eligible partners.

Token Type.

The Auto Coin will be a security token which will pay rewards annually. Rewards will be calculated based on the residual amount of tokens held in the Auto Coin wallet at the end of each tax year (UK).

We will employ an independent auditor to audit the company’s financials and based on the outcome, we will distribute 10% of the profit as a reward payment. Payments will be made in either Auto Coin, Bitcoin or Ethereum. If it is possible wewill also include fiat.

Token Value.

Traditional cryptocurrency exists as an application of blockchain technology. Use cases were initially scant and the crypto world has been catching up with technology and commerce to offer genuine and viable use cases for crypto.

Valuations of crypto are generally defined by corporate adoption, political acceptance and potential opportunities.

The AutoCoin is set to revolutionise this status quo by becoming a highly transacted crypto. As our exchange accepts crypto of many flavours and converts in real time to ATC then the transaction amounts will be significant.

The potential for increasing transactions is in the hands of The AutoBlock team. We have experienced motor trade professionals in the team currently agreeing MOU’s with UK car dealers on a daily basis.

Our PR and marketing are generating much interest and, as car dealers are generally followers not leaders, a small critical mass of dealers accepting ATC will kick start the rest of the UK dealer network to follow. Finally, within the crypto world we are masters of ATC value destiny through hard work and increasing ATC usage. The coin value will reflect this on an ongoing basis. The entire crypto community will welcome this significant global crypto acceptance and usage.