AutoBay is a P2P (Peer to Peer) cryptocurrency e-commerce platform for cars. It allows participants to buy, sell and auction new and used cars from private sellers and dealerships on a global scale using cryptocurrencies as payment. At AutoBay, the customers will be able to review the sellers (private or dealerships) in order to establish a quality standard. As to the sellers, statistics tools will be available at the platform for sales monitoring and management.
The AutoBay token (ABX) is an Ethereum-based (ERC-20) cryptocurrency. It will be used by the members as a medium to exchange value between buyers and sellers when using the platform services, it can also be used to pay for transactions costs.
AutoBay ICO began on November 1, 2018. The ICO token supply represents 40% of the total token supply, so there is a total of 378,000,000 ABX tokens available, for 0.05 USD each. The ICO funding target is 1,200,000 USD, the funding cap is 9,000,000 USD and is expected to end on December 15, 2018 or when the funding cap is reached.
Token Reserve Split (56%):
AutoBay ICO features a bounty campaign and the following bonus structure.