Introduction
The purpose of The Auto Block project is to deliver a secure automotive industry dedicated cryptocurrency that will be adopted by car dealers worlwide as the defacto payment solution for cryptocurrency car buyers. Our sales portal, autocoincars.com offers a huge choice of vehicles for sale by dealers that accepts cryptocurrency as payment.
Decentralising the supply of data and information available within the automotive ndustry and offering the most accurate and live car valation tool, car dealers and buyers will have a 21st Century 'one stop' solution vehicles purchase, data and valuation access.
Finding Car Dealers That Accept Cryptocurrency
Autocoincars.com is a portal offering initially new and used vehicles, performance, prestige and callsic for sale to buyers wanting to transact using cryptocurrency.
Car dealers will be offered the opportunity to list their car via an automated dedicated stock feed to the portal. This hitherto unavailable sales opportunity will incentives car dealers to adopt the free to use Autocoin payment cryptocurrency solution.
A sales portal website that offers for sale vehicle [Worldwide] from dalers that accept Autocoin. Integrating car data valuation services, autocoincars.com will be a 'one stop' destination for everything required to check out and purchase a vehicles.
With the click of a button, a seller can see a vehicle's complete history, including its mileage, major repairs, ownership deatils. etc.
A free to use sales portal for trade and private sales and purchase that will rapidly achieve Google rankings and be the de-facto online source for crypto-car purchases.
The Exchange
Built into the sales portal will be a payment system/exchange where users will be able to conduct tarnsactions to conduct transactions in etheir Autocoin or fiat payment. If the payment is made via fiat, this will instantly b transferred into Autocoin (based on the market price at the time of the tarnsaction), and the rest of the transaction will occur on our blockchain through the Autocoin.
If a dealer or individual whises to cash out their Autocoin for fiat, this will also be transacted through the exchange as there will be a minimum of $8 million of endowment to support these instant transactions.
This will help stablize the fluctuations and volatility of the price of the coin as it is in constant demand.
Autocoin
Autocoin is open source blockchain, which have AUTOCOIN as cryptocurrency. Autocoin usel leased Proof-of-stake consensus. The platform have fixed supply of 400 millions Autocoin. User/Organizations can also create their own token on the platform.
Features of Autocoin
- Proof-of-stake based consensus
- Total supply of Autocoin is 400 millions
- New token can be issued on the Autocoin blockchain
Proof of Stake
Autocoin uses a Proof-of-stake algorithm in which the Autocoin that user owns reflect user's mining power. The more a user will own, the higher are user's chances of processing the next block and receiving the transaction fees as a reward. Essentially it's a form of interest on user's balance.
Mining
You don't need any fancy hardware - just a simple hosted server and at least 1,000 Autocoin. You can also run a public mining pool and have user lease their funds to you, thereby your profits and sharing them with the community.
Transactions Fee
The minimum fee for the transfer of funds is 0.001 Autocoin. (Again, this is configurable).
Token Economics
Autocoin will be a securities token.
security tokens are tokens which the owner holds for certain period of time. These holders will qualify for company dividends and voting rights. The calculation of the share would be based on a very simple mathematical formula: 2 token are equal to 1 share.
Token Sale Details
There will be a total of 400 Million Autocoin, of which 220 Million (55%) will be available at all stages of the token sale. 1 Autocoin = $0.25
MORE INFORMATION
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Created by : 15persenlucky
Profile link : https://bitcointalk.org/index.php?action=profile;u=1210666
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
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