Autobay allows you to buy, sell and auction new and used cars from private sellers and dealerships from all over the world in the largest blockchain based e-commerce environment. You will be able to pay with cryptocurrencies for the car you want with low transaction rates and with the security of a cash free payment process.
Autobay will allow user reviews to create the ideal environment for safe and secure transactions to happen, allowing buyers to get reviews on sellers and dealerships. Sellers on the other hand will boost their sales through a backend platform that will allow them, among other tools, to see statistics on each posted vehicle and the list of interested potential buyers.
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Rated on Jun 17, 2018
Pass kyc verification for team members +1..
Not understand why here need blockchain... It can work without blockchain in my humble opinion.
Don't see profits for investors.
My review is not advise to invest or not
Updated after get detailed information from CEO about project
Rated on Aug 9, 2018
I love commercial projects like this because it is actual deployment into the consumer realm and pushing mass adoption of crypto. I do think the market is crazy competitive, but whats stopping them from trying?
Rated on Aug 9, 2018
Modified on Aug 11, 2018
First ecommence platform for vehicle ? I think the project team may need some more market research and study.
I check the project website, lack of multi language support, especially Asia region. Recommend more focus on high impact crypto investment area.
Rated on Jun 20, 2018
About team :
Team is very little In my opinion I don't think this project can cover global market with this team ......
project can be make without using Blockchain technology. Hardcap is huge ... with this team it will be hard to raise this amount ....
They Have MVP which looks good
Rated on Sep 13, 2018
First e-Commerce platform for vehicle, Sound Interesting. AutoBay try to capture only Vehicle global market for buy sell and auction by e-Commerce platform. Vision is good but this project can be make without using blockchain technology... KYC Approved. Have MVP and looking good.
Best of luck team and this project.
Rated on Apr 7, 2018
Rated on Jun 13, 2018
Modified on Jun 13, 2018
Very doubtful project and the idea for the international market, especially for a blockchain. Weak team. There is no experience to cover the whole world quickly and effectively. And for this development even the hard cap won't be enough. Also I see a huge number of potential legal claims in various regions and the countries because of violation of the dealer rights and the legislation. The project raises more questions, than answers. This business can be done quietly out of a blockchain.
Rated on Aug 10, 2018
The market is huge but competition is fierce.
And each of the huge markets USA and China are restricted.
The significance of the existence of the blockchain for this project is unknown.
The allocation to LEGAL, TAXES, CORP. FEES. Is 8%. It is difficult to compensate for the problems of the law.
Rated on Aug 16, 2018
I see the high demand for this as I have seen a lot of used cars are still traded using its traditional ways. In fact, it does not necessarily need blockchain in general but if the project can regulate the use of its token within this ecosystem, it is good.
To do this, business development and marketing and communications team are the key to its success that I see it still tin here. Must be improved soon.
One thing that other experts already mentioned is the exclusion of the US market is a big challenge as it is the top market for used cars. Any backup plan to convince investors? Otherwise it is a big concern too.
I would also like to see how you can compete with big players who have established businesses with huge clients base now too.
Rated on Jul 3, 2018
Although the vision is good and could make it practical for buyers of automobiles, the fact that this project has a small team will make it difficult to go global successfully and at a fast pace. Legal issues will arise, dealer rights of course too. The use of Blockchain is not needed here in my opinion.
Rated on Jul 6, 2018
Modified on Aug 6, 2018
They need to improve the quality of the team because actually the average ISS is really poor. They can improve it shortly together with a little bit of personal branding.
They will completely destroy eBay and other platforms, i'm quite sure. Product is good and also the technology
Rated on Aug 11, 2018
I find this idea really interesting. This will help buyers and sellers to find a common platform to interact. This project will help mitigate the information asymmetry which is a major problem in the second hand automobile market.
Rated on Jul 5, 2018
I think the team is not that experienced enough internationally to be able to do justice to this project. But I will give them benefit of doubt. The project is ambitions and MVP looks good so far. Will have to wait and see how this one turns out.
Rated on Sep 14, 2018
Very good idea - large average check when selling cars can allow a lot things to be done. Team does need stronger figures, agree with most advisors here (CTO with no technical background is not too exciting). Suggest to execute the project geographically - focus on one market at the time.
Rated on Jun 25, 2018
I like that AutoBay compares themselves with their competitors, the existence of which, shows that there is a market for this product.
However, there are a lot of challenges and the market looks very small to me.
Rated on Mar 30, 2018
Rated on Jun 28, 2018
Modified on Jun 28, 2018
Strong team and after speaking with them I got convinced that they are really keen on working on it. I like how they value their product and tokenomics is pretty good.
They also have a lot of advisors which I always see it as a big plus for a project.
Everything explained thoroughly.
Roadmap is good, I am looking forward to the beta trial.
Rated on Jun 11, 2018
Good vision and transparent token structure.
Dapp in beta phase.
Project has great potential and scalability.
Good to use digital twin mechanism, which will collect the car data(Travel distance, Insurance, quality check, Service report) and directly fed to the system, which can help in exact valuation.
Rated on Jul 31, 2018
VISION: The vision for this project is good and has a practical use for car buyers globally. However, the use of blockchain may not necessarily be needed. It is unclear what the advantages of using blockchain are. The market is also only limited to those customers who are in possession of Bitcoin, Ethereum or Autobay Tokens. 3/5
TEAM: There is an extensive team that is based in one location. However, this may be a problem since the company has a global ambition. There appears to be a lack of blockchain background within the team but this is probably offset by the knowledge of many of the advisors. 3/5
PRODUCT: The white paper looks acceptable and presents the finances well. However, the cost of placing a car on the platform for a seller is still unknown. The MVP is at a good stage considering the company is at pre-ICO stage. 4/5
Guys: As ever, please feel free to reach out if you feel I have missed anything critical.
This is not an invitation to invest. ICOs are risky and you may lose everything you put in.
Rated on Jun 9, 2018
This ICO is out of Argentina – a first from this territory that I’ve seen.
The brand name is excellent.
The explainer video is clear and another first – the chance to win a Lamborghini through the ICO. I like the simplicity of the proposition, and the sense of humour in appealing to the crypto community.
Very well done on having the MVP in a form good enough to film, showing the purchase of a Mustang.
I wish the ICO initiative great success. If you are able to reach your aim, you will certainly open up the market for crypto currencies, creating legitimacy by allowing the use of BTC, ETH and Autobay tokens as financial assets to acquire goods.
Rated on Aug 24, 2018
It's a pretty big market but getting traction within this market seems like it would be difficult. I like the vision though but again the chances of them surviving just seems very rare. They really need to build a better team.
Rated on Sep 14, 2018
Some doubts about the veracity of the MVP at the first impressions of the video, no real profits for investors. I do not think this project can run in the long term with the views of the market and their products.
Rated on Sep 25, 2018
Modified on Feb 19, 2019
Disclaimer: Rating and or commentary provided represents my own personal view and is not to be relied upon as advice. I am not a financial advisor nor am I registered in any jurisdiction with any financial services regulator. I provide no recommendations that any offering should be bought, sold or held. Before making financial decisions please undertake your own due diligence and consult a financial advisor.
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TeamApply as an advisor
CEO - CO FOUNDER
|Until 08 May||
|09 May - 08 June||37%|
|26 June - 09 July||27%|
|10 - 23 July||17%|
|24 July - 06 August||7%|
Product concept developed. Company founded, Team Assembled.
Website and Dapp designed.
Advisors join the team. Beta Autobay Website developed MVP.
Autobay ABX Token created.
Tokensale website developed.
Autobay promoted in websites and Social Networks.
Pre Sale & Crowdsale launch.
Reward Auction granted.
Decentralized platform and Dapp Beta Trial. Marketing campaign for the platform.
Autobay website & Dapp Platform Launch.
Marketing campaign for Autobay Auction.
Launch of Auction platform.
Offering 3 Car manufacturers an Official Store inside the platform to test for a period of 4 months.
Marketing Campaign for those 3 Official Stores.
Launching 3 Official Stores on a
beta testing for 4 months.
Offering other car manufactures the possibility of opening an Official Store.
Launching official Stores for Car Manufacturers within the platform.
Marketing Campaign for Official Stores.