Home / Auto / Automotive ICO (AXT Token) Review: Blockchain Automotive Exchange?

Automotive ICO (AXT Token) Review: Blockchain Automotive Exchange?


Imagine having access to an online automotive marketplace that would offer hundreds of thousands of vehicles, insurance, warranties, parts and more. And all powered by cryptocurrencies and blockchain technology.

What Is Automotive?

Dashub has decided to create the Automotive Exchange Platform (AXP). The platform will be integrated with a fully operational automated marketplace. The early stage of the platform will include an AXP wallet, a crypto deposit system and various use cases that would help prevent fraud, secure and deliver paperwork, decrease transaction times, and remove barriers to international purchases. Stay up to date with the latest bitcoin news at BitCoinStarterTips.com.

The intention is to bring the entire car buy process into a new whole level with blockchain technology and virtual currencies.

Dashub will be enhancing the key elements of its current operations with a product called the Automotive Exchange Platform and the AXT token.

There are currently different industries that are benefiting by using blockchain technology and virtual currencies. And Dashub believes that there is an incredible potential in the automotive industry by enhancing the business with distributed ledger technology.

At the moment, Dashub has more than 250,000 members which will have immediate access to the platform. Compared to other businesses that embrace blockchain technology, Dashub does not need mass adoption to properly work and function.

Dashub’s initial use cases for their business and consumer will function as intender, generate value and lay the foundation for expansion into the industry.

It is important to mention that there is an enormous market, that is estimated at a combined value of $2.8 trillion, in the used vehicle sales market as well as the ancillary revenue streams market.

Automotive Wallet, Deposits And Vehicle Listing

The AXP wallet will accept payment in Fiat and in AXT. The AXP wallet is required to spend and hold AXT. It will provide access to hundreds of thousands of vehicles available for purchase using virtual currencies and you would be able to pay for additional goods and services, such as vehicle inspections, financing, and more.

Deposits will be accepted in AXT tokens. There are many different benefits of the deposits. There are no risks of banks cancelling or delaying the deposits. It eliminates the risk of fraudulent chargebacks or card fraud. At the same time, decreases the transaction times and eliminates the fees associated with wire transfers.

Each time a vehicle is presented to Dashub to be listed for sale, a transaction will be made with the AXP using the Vehicle Smart Contract (VSC). The VSC keys the entry based on the vehicle’s VIN. The details delivered along with each listing will be recorded chronologically.

When a member makes a purchase offer on a vehicle, a transaction will be made with the AXP using VSC. Each purchase offer transaction will be logged on the AXP and can now be queried as part of the vehicle’s AXP history.

Automotive AXT Token ICO Details

The AXT will be an ERC20 token and there will be 1,000,000,000 tokens available. The token sale will have 620,000,000, the pre-sale 100,000,000, the ICO 520,000,000, the team and advisors 200,000,000, and there will be a reserve of 180,000,000 tokens in case it is needed.

  • Token Symbol: AXP
  • Token Sale: 620,000,000
  • Presale Sale: 100,000,000
  • Token Price: .00025 ETH
  • Total Supply: 1 Billion
  • Token Standard: ERC20
  • Soft Cap: 3,800 ETH
  • Hard Cap: 115,750 ETH

The funds will be used as follows:

  • Development 30%
  • Acquisition / Partnerships 20%
  • Marketing / Sales 18%
  • Operations 15%
  • R&D 8%
  • Legal 5%
  • International Expansion 4%.

Who Is Behind Automotive?

The team is composed by experts in different fields, with years of experience in the industry.

Max Kane is Dashub CEO. He is a veteran banker with more than 20 years of experience as an owner and CFO.

Matthew Weitzmar is Dashub CTO. He is an entrepreneur specializing in web application architecture, SaaS product development and digital marketing strategy.

Michael Ledermar is Dashub COO. He is a veteran mortgage business leader, sales and marketing professional with more than 22 years of experience.

Bret Beyer is Dashub president. He has more than 20 years of experience in the technology industry.

Other team members are Tamara Friend, Stan Johnson, David Fugit, Nicholas Liappas, Josh Wilcox, and Robert Llompart.

Automotive Conclusion

AXP is a decentralized marketplace that aims to enhance the automotive industry. With a team of experts with several years of experience, and an industry that keeps expanding, blockchain technology and virtual currencies could potentiate it.

The AXP and AXT will change the way individuals interact with their cars and all the activities around them.

Source link

Check Also

New York City Council votes to cap licenses for ride-hailing services like Uber and Lyft

The New York City Council has approved legislation that will halt the issuing of new …

Leave a Reply

Your email address will not be published. Required fields are marked *