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Description

Description


The Auto Block offers a unique set of products which will align cryptocurrency with the mainstream automotive industry by making vehicle transactions secure, fast while also giving you full access to the purchased vehicle’s historical data, NVD (New vehicle data), and valuations. Providing transparency to the buyer, as well as the seller. A car sales portal for car dealers that accept the AutoCoin to advertise their stock free of charge, opening up new markets for them. Initially, prestige, performance and classic cars being transacted across the globe using AutoCoin, followed en masse by volume car dealers.

Full Name AutoBlock (ATC)
Start Date 2018-07-08
Algorithm ETH Token
Proof Type N/A
Website https://www.theautoblock.com
Twitter @AutoBlockX
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


The Auto Block offers a unique set of products which will align cryptocurrency with the mainstream automotive industry by making vehicle transactions secure, fast while also giving you full access to the purchased vehicle’s historical data, NVD (New vehicle data), and valuations. Providing transparency to the buyer, as well as the seller. A car sales portal for car dealers that accept the AutoCoin to advertise their stock free of charge, opening up new markets for them. Initially, prestige, performance and classic cars being transacted across the globe using AutoCoin, followed en masse by volume car dealers.

The Auto Coin will be a security token which will pay rewards annually. Rewards will be calculated based on the residual amount of tokens held in the Auto Coin wallet at the end of each tax year (UK).

Team:

  • Mustansar Iqbal: Founder & CEO.
  • Mohamed Ezeldin: Co-Founder.
  • Irina M Creaser: Founder.
  • Dave White: COO.
  • Asim Noor: CSO.

AutoBlock ICO starts on December 1st, 2018. The ICO token supply represents 55% of the total token supply, so there is a total of 220,000,000 ATC tokens available, for 0.25 USD each. The ICO funding target is 5,000 ETH, the funding cap is 40,000 ETH and is expected to end on December 31st, 2018 or when the funding cap is reached.

Token Reserve Split (45%):

  • 19% Retain;
  • 15% Team;
  • 6% Bounty & Rewards;
  • 5% Seed Round;

 

ICO Status Finished
Token Supply 220000000
Start Date 2018-12-01
End Date 2018-12-31
Fund Raised (BTC) N/A
Fund Raised (USD) N/A
Start Price (USD) 0.25
Security Audit Company N/A
ICO Legal Form N/A
ICO Jurisdiction UK
Legal Advisers N/A
Blog https://medium.com/@autoblockx
White Paper https://www.theautoblock.com/blog/wp-content/uploads/2018/08/whitepaper1.6.pdf
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