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#Blockchain All projects

AutoBlock: Solutions set to revolutionise automotive sector

Facilitating worldwide vehicle purchase, valuations, and specification access a Blockchain evolved suite of products

stage Ended crowdsale

3.2 Rating

by 6 users


    KPLs

    • Employees13

    Team

    9

    Dave White

    COO

    Asim Noor

    Chief strategy officer

    Navdeep Garg

    Country Head (India)

    Laura Zaharia

    Regional Sales Executive

    Boris Otonicar

    CTO

    Mustansar Iqbal

    Founder, HOD

    Dilek Olkun

    Community Assistant Manager

    Mohamed Ezeldin

    Blockchain Architecture Eng.

    Dr. Stylianos Kampakis

    Blockchain advisor


    Advisors

    4

    Yagub Rahimov

    Strategic Advisor

    Lalit Bansal

    Marketing Advisor

    Theodosis Mourouzis

    Information & security advisor

    Irina M. Creaser

    CEO




    Crowdsale details

    Distribution of tokens
    • Crowdsale (35%)
    • Retain (24%)
    • Bonus & Rewards (6%)
    • Pre-sale (20%)
    • Team (15%)
    Budget allocation
    • Trade Connect (11%)
    • Development (17%)
    • Operations (10%)
    • New Users Acquisition and Marketing (36%)
    • Licensing and Legal (7%)
    • Audit and Advisory (5%)
    • Endowment Funds (14%)
    Details Indicators
    Token Symbol ACN
    Full Token Name ACN coin
    Pre-crowdsale Start July 20th, 00:00 GMT+03:00
    Pre-crowdsale End September 30th, 00:00 GMT+03:00
    Crowdsale Start October 1st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or October 31st, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 40000 ETH
    Crowdsale Soft Cap Yes, 5000 ETH
    Domain owner Individual

    Cost of the token

    1 token for 0.5 $

    Price without discounts

    Bonuses

    Round 1 Token Economics: 25% Bonus
    Round 2 Token Economics: 20% Bonus
    Round 3 Token Economics: 15% Bonus
    Round 4 Token Economics: 5% Bonus

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    30% July 20 — September 30, 2018

    Accepted currency

    • Bitcoin
    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    6
    Jordan Semanda July 20, 2018
    Rating of project
    3.7

    Advantages

    Vehicles have a very wide market and since autoblock is considering a global market this will bring its profit returns high enough to satisfy the involved investors. The team members have showed their commitment towards the project by providing a number of detailed documents with all the information needed by the investors.

    Risks and disadvantages

    At the tage of ICO an influx of investors is expected becue no incentives such as bonuses are being offered to early buyers this will make the project losse investors to other competitors in the market. No information is know about the investors and sothe potential clients to invest in this auto block project will doubt their knowledge about the area of business they are venturing in.

    Comments

    There is quite high probability that the project will be in position to succeed because of the services its offering. It should nevertheless iron out the irregularities associated with the project layout.

    Denys Serhiichuk July 16, 2018
    Rating of project
    2.8

    Advantages

    Team members are active people and have profiles on social networks. Bonuses is also the advantage. They are considered as motivation for people to take part in the pre-ICO or ICO.

    Risks and disadvantages

    There is no information about advisors. In addition, there is not any demo or alpha version. Thus, there are not so many social networks, where people can get information about the platform. Roadmap is divided into quarters. It would be better if it was outlined up to dates. Whitepaper should be more informative and consist at least some graphs or tables to show platform development.

    Comments

    To my mind, the idea of the project is not clear enough. When the team releases its working product, it would serve as a message for investors to catch attention to the project.

    Sofia Medda July 10, 2018
    Rating of project
    2.5

    Advantages

    Car dealers will be offered the opportunity to advertise their stock worldwide at zero cost, this is why they are expected to accept AutoCoin.

    Risks and disadvantages

    Probably there are some mistypes. I'm not sure if the token Symbol is ACN or ATC. If the total amount of tokens is 440 million or 800 million. Probably it is a dual token system. Information on the website differs from the information in the Whitepaper. Having read the 4th chapter of the Whitepaper I supposed that additional tokens will be minted. But it is said that the total amount of tokens will be limited. I din't find an information about how Retain fund will be used.

    Comments

    The idea is good and certain milestones are reached. But I think the team should check all the information presented.

    William Anderson July 09, 2018
    Rating of project
    2.5

    Advantages

    Bonuses and rewards are going to bring in more investors because it will get many people to know about the existence of the project. The time frame for carrying out the project activities is quite small and this puts the project at high chances of getting high profits.

    Risks and disadvantages

    The fact that autoblock has no advisors this is a major disadvantage because then making critical decisions will be very difficult and so will progress because of delayed implementation of certain tasks because of lack of experience. Competition from already existing ICO projects offering similar services will be a challenge to overcome.

    Comments

    The market space for automobiles will be increased and this shall mean increase in profits and sale made hence making autoblock a potential market space.

    James Young July 07, 2018
    Rating of project
    4.5

    Advantages

    A new generation of car sales/purchases comprehensive mechanism. The concept of the project is decent as well as the team and advisors. I like the idea of a centralised database within a full car history, and independent valuation, as this is the key from my point of view.

    Risks and disadvantages

    It would be great to see at least a demo version of the app or video within an explicit demonstration, as the white paper is a very "light". From the token distribution perspective, 20% allocated for the presale looks too optimistic without an "escrow" solution behind this.

    Comments

    This will be interesting to see a live solution in the future, the source code is regularly updating which demonstrates that the project is actively developed by the team. I would pay more attention to the explanatory piece and publish at least a demo of the product as soon as possible.

    Anne Bryn July 05, 2018
    Rating of project
    3.0

    Advantages

    The volume of potential market is very big. Token holders will be able to participate in
    the profits of the business. Attractive bonuses are available for investors. AutoCoin token is aimed to be listed on top exchanges in different geographical regions.

    Risks and disadvantages

    Unfortunately there is no information about team's experience.

    Comments

    autocoincars.com is not working yet, but I suppose it is like a demo version. It's convenient and easy to use. I suppose those are the main advantages of the project.

    See more reviews

    FAQ

    FAQ

    Is there a demand for vehicle transactions using cryptocurrency?

    The top 10% of the Worlds wealth use crypto. Sales of sports, prestige and classic cars are at an all time high and vehicles are being sold across the globe. Crypto users wantthe opportunity to pay via their digital wallets but the choice of dealers or private sellers accepting crypto is virtually zero.

    Why would car dealers accept the AutoCoin?

    Our international car sales portal, autocoincars.com will offer dealers the opportunity to advertise their stock worldwide at zero cost to them. This will introduce them to new markets locally and overseas. The stipulation for this opportunity is that they adopt the AutoCoin as a payment method.

    What will it cost car dealers to accept the AutoCoin?

    Cost to the dealer is zero. Live feeds will populate their current stock onto the portal and remove if sold. There is no imput required from the dealer.


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