In this AutoXchange ICO Review, we will look into the key problems this project aims to solve and the primary advantages it will bring to the modern world. We make the crypto market transparent. Relaxed trading – We monitor crypto market data in real time and only provide you with the information you really need.
What Makes AutoXchange Stand Out?
The AutoXchange business plan is to make purchasing, selling and financing in the auto industry transparent, efficient and free from middlemen and commission payments. AutoXchange will provide an ecosystem & market place for purchasing, financing, and investing in autos by utilizing the aXc decentralized ledger to facilitate the procurement process. It will cut out all advertising fees and no commission will be charged on any transaction.
The process of buying and selling cars is ripe for innovation. AutoXchange will do for demand, what continual process improvement and automation have done for supply.Through autoXchange a buyer can select a car, make an offer, source finance, and make payment. Completing all these steps in under two minutes!
Private sellers & dealers carry out the entire sales process easily on their own. There are no listing costs, and autoXchange will not charge transaction or commission fees.
For each vehicle listed on autoXchange, a smart contract keys the car information based on the Vehicle Identification Number (VIN), with all vehicle history and future information then being added to this entry on the blockchain.
To complement our free retail marketplace, autoXchange provides a B2B portal for registered businesses that pay a subscription fee. This portal enables efficient sourcing between dealers, provides quick access to vehicle records, and the ability to transact with other dealers through escrow smart contracts to demonstrate ‘proof of funds’ before a vehicle is shipped.
When any retail or trade buyer wants to make a purchase, they can apply for instant financing through autoXchange. Our smart credit scoring system assesses the application in near real-time and automated smart contracts facilitate the approved loan.
Once a buyer has deposited their full funds (in crypto/Fiat) or received their loan from autoXchange, they can make real-time payment to the seller. Every transaction is executed on the blockchain using the aXc token.