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).
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%):