Crypto Project Category: Services
AutoBay is the first blockchain based ecosystem that provides an end to end solution to users by
allowing them to browse, find and purchase a vehicle in 3 easy steps. Autobay provides further
assurance by creating a cured and transparent environment were buyers are empowered by the
services Autobay offers allowing them to access their desired vehicle in the simplest and safest way.
Through synergic partnerships with top blockchain companies Autobay adds value to the
automotive market by creating a tool that upgrades the way we purchase vehicles today.
PROBLEMS OF THE INDUSTRY
• An Outdated payment. When purchasing a vehicle whether new or used
there is an implied cash movement from or to the bank, house or
• Lack of fair financing. People around the world don´t always have got
access to financing and when they do, they may access different interest
rates depending the countries where they live and even social background.
• Private sellers can´t sell with financing. Buyers cannot access cars from
private sellers with financing.
• Lack of vehicle history. When buying used vehicles users cannot access the
vehicle history therefore they are subject to potential scams.
• Lack of control. There is no feedback, rating or review over sellers
WHAT IS AUTOBAY MISSION / VISION?
Autobay´s mission is to level the ground for users to access vehicles in a more secure and
Autobay’s vision is to create real value to cryptocurrencies allowing them to act as a
financial asset to purchase goods not only as investment tools, as well as to promote the
easy access to the cryptocurrency market.
Cashless transactions. End to end solution
allowing users to find a vehicle and buy it with
• Third party Cryptocurrency financing. API
embedded within the Autobay platform allowing
users to access a loan with a flat rated accessible
• Enlarging market. Sellers will be able to sell their
vehicles to customers that need financing.
• Secure. Buyers will be able to access all the
information regarding a Vehicles history, having
further assurance of its real state.
• Reviews and ratings of sellers. Buyers will be
able to rate and review sellers within the
platform levelling up the ground in terms of
• Complementary Services. Further services such
as purchasing blockchain based insurance can be
purchased within the platform.
BENEFITS OF AUTOBAY
• Trackable vehicle history. Used cars that have been sold in the platformare registered in the
blockchain for future background verification.
• No fees. No fees for buying or selling a car. Revenue based on a fixed fee for car publication.
• Global Scale. Autobay Platform will have a global scale but each country will run
independently. Sellers will only be able to buy vehicles from their own country unless there is
an international auction taking place.
• Only Indirect competition. Autobay is the first e-commerce platform based on the blockchain,
for the moment it doesn’t have any direct competitors (Bitcar and Trusted cars appear as
• Partnerships. Autobay has partnered up with several blockchain companies to create synergy
in developing a stronger product for its users.
• Promote cyptocurrency use. Autobay will help enlarge and promote the cryptocurrency
market as it will allow new users with no previous experience in cryptocurrency, by just
posting and selling their car on the plaform.