The Auto Block

Stand-Alone Solutions Set to Revolutionize the Automotive Sector

Facilitating Worldwide vehicle purchase, valuations, and specification access a Blockchain evolved suite of products that will become indispensable as well as the automotive industry standard.

INTRODUCTION

Use cases for Blockchain and Crypto have so far been either tenuous at best or unrealistic as the norm.

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.

Solutions Set to Revolutionize the Automotive Sector

The Auto Block offers a unique set of products which will align cryptocurrency with the mainstream automotive industry by making vehicle transactions secure, fast while also giving you full access to the purchased vehicle’s historical data, NVD (New vehicle data), and valuations. Providing transparency to the buyer, as well as the seller.

WHAT MAKES THE AUTO BLOCK STAND OUT?

We’re transforming the way people buy, sell and research cars.

AutoBlock will revolutionize the automotive industry and make it transparent so sales and purchases can take place without mishaps.

A car sales portal for car dealers that accept the AutoCoin to advertise their stock free of charge, opening up new markets for them. Initially, prestige, performance and classic cars being transacted across the globe using AutoCoin, followed en masse by volume car dealers.

Set to revolutionize used car valuations and vehicle data, Auto Block’s mission is to serve professionals such as insurance companies, car dealers and leasing companies in the motor industry with accurate and easy access to data and valuations. The Blockchain technology used to gather the real-time valuations with the help of live data will result in a rich database of all vehicle specifications which exist throughout the world. The Auto Block’s technology will make it possible for individuals and businesses alike to access information about car data and valuations no matter where they are.

THE PROBLEM IN THE AUTO INDUSTRY

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.

THE SOLUTIONS

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.

Finding Car Dealers That Accept Cryptocurrency

Having spent many years selling to and servicing car dealer requirements, The AutoBlock team recognise the almost unique route to market required to initially attract interest, educate and convert to the use of our platform.

The reasons that car dealers should accept crypto are compelling enough:

• Almost immediate clearance of funds
• Secure and indisputable transaction
• Minimal cost compared to traditional fiat transactions
• Access to a new and growing market of potential customers.

AUTO COIN AND IT’S USE

Making transactions quicker, easier, and a lot safer

• While the Auto Block cryptocurrency has a long list of compelling reasons why you should think about adapting it, here are some which are the most evident.
• Significantly lower transaction fees – you pay with no add-on bank charges.
• Security against Identity Theft. No credit card or bank details being stored by 3rd parties.
• Easy International payments that do not require lengthy and protracted exchange rate considerations.
• Very highest level of fraud prevention. TheAutoCoin utilises Block Chain technology and ensures that counterfeits and chargebacks are not possible.

HOW DOES IT WORK?

OUR ECO-SYSTEM

At the heart of AutoBlock is our hybrid blockchain technology, utilizing the best of public and private blockchains. This will allow for the seamless transfer of vehicle data using smart contracts which forms the foundation of our fair vehicle valuations platform; purchasing a car through the portal, transferring the funds instantly and cashing out the proceeds in either fiat, crypto or both via our internal exchange.

OUR PAYMENT CARD

• Card balance in USD, EURO
• Fast and easy loan cash-in
• Repay your loan

Our dedicated AutoCoin card will allow quick and easy secure transactions for not only car purchase but also repairs and maintenance, monthly leasing payments with a vision towards fuel and electric charging points.

TOKEN FUNCTIONS

Target

Soft Cap: 5,000 ETH

Hard Cap: 40,000 ETH

Token Nature

Autocoin will initially be ERC-20 tokens. Once our main net is live, we will be swapping all ERC-20 ATC tokens to ATC tokens on our native Blockchain on a 1:1 ratio.

Token Type

Autocoin will be a Security token. Token holders will be entitled to a share of any profits made. Dividends will be paid out as a ratio of tokens held: total tokens.

Number of Tokens

There will only ever be 400 Million tokens created.

Value of Token

The token price will be 1 ATC = $0.25. The Ethereum rate will be pegged once the sale has started.

Currencies Accepted

You can purchase Autocoin with Ethereum, Bitcoin or Litecoin.

ALLOCATION OF TOKENS

Allocation of fund raised

• 11% Trade Connect
• 23% Development
• 10% Operations
• 8% Marketing
• 7% Licencing & Legal
• 5% Audit
• 6% Rewards
• 30% Endowment Funds

Distribution of total supply

• 20% Pre- Sale
• 35% STO
• 19% Retain
• 15% Team
• 6% Bounty & Rewards
• 5% Seed Round

ROAD MAP

A clearly defined roadmap and process towards both ICO and product delivery

Q1- 2017

The idea for Auto Block is born

Proof of concept

First investment received

Q2- 2017

Research & Development

Team finalising for the development

Q3- 2017

Development Started

Initial private Investment Round

White paper started

Q4- 2017

Regional Office Set up (London)

Data gathering of over 30+ million

Q1- 2018

ICO Planning

Team Hiring

Seed Round Funding

Q2- 2018

Preperation for STO

Team Expansion

Dealer onboarding

Q3- 2018

MVPs

Platform live for dealers

E-Wallet

License for Exchange

Q4- 2018

STO Launch

Testnet Launch

Main Dealerships on boarding

Exchange Listing

Mobile App (IOS & Android)

Q1-2019

Geographical expansion of Dealerships onto platform

Leasing cars on Finance with AutoCoin

Internal Exchange Launch

Services would be live for Members (Alpha Version)

Q2-2019

Valuation service Alpha

Live services with Commercial Clients (Alpha)

Expansion into New regions with POS systems

(EU, Turkey, UAE & Kuwait)

Q3-2019

Valuation Services Beta

Permission for Fleet Management

Companies to Access our Blockchain

Q3-2019

Valuation Services Beta

Permission for Fleet Management

Companies to Access our Blockchain

Q2-2020

Car Sharing App Alpha Live

Alpha version of Valuation system launching in EU and Asian Market

Q3 – 2020

Beta Version of Valuation System live

POS system active in African markets

Q4 – 2020

Product Enhancement

Acquire Crypto based Bank Asset

Launch banking sort code and account services

Team AutoBlock

Mustansar Iqbal: Founder, HOD

Mohamed Ezeldin: Co-Founder

Irina M Creaser: CEO

Dave White: Chief Operating Officer

Asim Noor: Chief Strategy Officer

Dilek Olkun: Community Assistant Manager

Boris Otonicar: CTO

Dr. Stylianos Kampakis: Blockchain Advisor

Theodosis Mourouzis, PhD: Information & Security Advisor

Sadaf Failey: Senior Legal Counsel

Yagub Rahimov: Strategic Advisors

Laura Zaharia: Regional Sales Executive

Lalit Bansal: Marketing Advisor

Sydney Ifergan: Digital Marketing Advisor

Dmitri Belkov: Strategic Advisor

Paul Markov: Community and Investor Relations

Our Partners

FOR MORE INFORMATION CLICK LINK BELLOW:

Website: https://www.theautoblock.com/

Whitepaper: https://www.theautoblock.com/blog/wp-content/uploads/2018/08/whitepaper1.6.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4839378

Telegram: https://t.me/autoblockofficial

Facebook: https://www.facebook.com/AutoBlockX/

Twitter: https://twitter.com/AutoBlockX

Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile;u=2202323

ETH Address: 0x5A165374202E9648061144684846Afb8469645bf