Bitcoin Forum

Introducing the Automotive eXchange Platform (AXP) and its token (AXT)
A Global Decentralized Automotive Marketplace | Presented by DASHUB Inc.

We’re proud to announce this project to the Bitcointalk community. In this announcement thread we’re going to describe the project, the team, and point you to a variety of resources you can use to learn more about us and what we’re doing, and to connect directly with us. Much of the information presented in this post has been sourced from our White Paper and website. Thank you for your interest in our project!

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Project Preface
Imagine for a moment having access to a global online automotive marketplace offering hundreds of thousands of vehicles, financing, insurance, vehicle service contracts (i.e., warranties), auto parts, performance aftermarket parts, and more; all powered by blockchain technology and cryptocurrencies. Now imagine that an automotive technology company with over 250,000 registered members, motivated by a vision to change the automotive industry and the car-buying process, was out to make that happen. That’s what DASHUB is doing, that’s what this project is, and it’s called the Automotive eXchange Platform (AXP for short).


Token Sale Process
DASHUB Inc. will offer the AXT security token to accredited investors in three phases: Pursuant to the Soft Cap and Hard Cap detailed in the Token Distribution section of the White Paper, phase (1) consists of a private presale (CURRENTLY IN PROGRESS!); Phase (2) will consist of a public presale with a minimum purchase amount and tiered bonuses which can be found on https://axt.io during the time of sale. Phase (3) will be the ICO, open to US and international accredited investors.

Prospective purchasers should visit https://axt.io to register for the crowdsale. All potential purchasers will be required to undergo KYC/AML screening and accreditation verification.


Overview of the Automotive eXchange Platform (AXP)
The Automotive eXchange Platform (AXP) will be a blockchain-based platform produced by DASHUB to enhance DASHUB’s current automotive business. DASHUB intends to integrate its primary website www.dashub.com with the AXP using an Application Programming Interface (API). Being the first interface for AXP, consumers will interact with the AXP through www.dashub.com and an integrated wallet.

At the core of the AXP is a decentralized distributed ledger and a special type of Smart Contract called a Vehicle Smart Contract. Essentially, through a series of initial business and consumer Use Cases (detailed below), a new type of public vehicle history will be created. And because the AXP’s token (AXT) will be integral to the functioning of the platform, a new type of economy can emerge from within the automotive ecosystem. Within this potential new economy DASHUB is exploring a pioneering revenue-splitting model, laying the groundwork for mass industry-appeal and mass industry-adoption.

This approach does not require mass industry-adoption to function properly. DASHUB’s initial Use Cases for both their business and their consumers will function as intended, generate value, and lay the foundation for expansion into the industry. In the following subsections you will learn about each initial Use Case.

Use Cases (a brief overview)

For a detailed look at each Use Case we encourage you to read the AXP White Paper hosted on https://axt.io. What you will find below is a brief overview of each Use Case to give you an idea of how the early-stage platform might look.


Scaling the Platform
DASHUB hopes to use the momentum generated by the launch of AXP (with DASHUB as the first interface for the AXP) to scale the platform to the industry at large. It is anticipated  that some of the companies that come on board will use the existing Vehicle Smart Contracts created by DASHUB, and that some of them will create novel Smart Contracts to be used on the platform. DASHUB has a long-term and expansive vision for the platform’s potential growth that involves:

• Automobile manufacturers
• Dealer management systems (DMS)
• Dealerships
• Fleet enterprises
• Auction houses
• Floor plan companies
• Financial institutions
• Insurance companies
• Warranty and vehicle service contract companies
• State and regulatory bodies, such as:
• • Department of Motor Vehicles (DMV)
  • Department of Transportation (DOT) and related agencies such as the National Highways Safety Administration (NHTSA)
  • Local law enforcement
• Auto parts and the performance aftermarket
• Autonomous vehicle integrators
• IoT integrators
• Auto racing
• Logistics companies

The team knows that such a grand vision cannot coalesce without a lot of hard work, hitting the pavement, and by cultivating strategic partnerships. This work has already begun with several penned partnerships, and many more that are still being developed.


Who is DASHUB?
DASHUB inc. (a Delaware, USA corporation) is an online automotive marketplace that operates www.dashub.com with a staff of about 20 FTE (Full Time Equivalent). The website was launched in 2015. It all started when the founders identified an opportunity in the market for re-marketed auction automobiles. They saw that every year millions of vehicles were being auctioned to dealers and other companies for up to 80% off the retail value, and that these vehicles were largely unavailable to the general public. DASHUB was established to offer these vehicles directly to the general public, all through their online automotive marketplace (www.dashub.com), and through direct partnerships with the auction houses. Anyone who wants to browse the inventory or purchase a vehicle through DASHUB registers as a DASHUB member. DASHUB members then have the option of bidding on and/or purchasing vehicles through DASHUB’s auction portal, thereby potentially saving thousands of dollars.



Edit Reason: Added links to our new Medium publication

looks promising project

How this token will be used by this marketplace and do you investigate legal ground for such deals? For example in some countries is required to provide agreement to authority to register vehicle ownership and not sure that non-fiat agreement will be good.

The project is of interest to investors, since it offers services from the heart of the American automotive industry. Therefore, I think that money will be collected.

Please clear it up.

From you text:

So the regular investors can't participate in your ICO? Because it is stated that DASHUB Inc. will offer the AXT security token to accredited investors

As I know accredited investors income more than 100k USD annual or something like that, correct me if I'm wrong. It will be a high barrier for regular investors. Thanks

Thank you for the thoughtful question, TomiJerry. We're glad you have interest in our project! We've a legal team that is carefully evaluating our project, including aspects similar to what you mentioned.


Excellent question, Dasengineer. U.S. investors must be accredited.

We've gone to great lengths to secure a fantastic legal team and advisory board, and with the regulatory climate being what it is, we're relying heavily on our legal experts for guidance in these matters.

Thank you for the question, as I'm sure others will be thinking the same thing. It's our hopes that you see the value in our decision, and we hope to earn your support for this project.

this project looks good any way I will read WP.

I like this project. Still keep looking to know about this project better. but, where can I get more information?

Maybe try their website https://axt.io/ - it also links to their white paper.

Will be airdrop and bounty?

There are no airdrop and bounty is a good question, because there is allocated tokens for it as their whitepaper state:

"There will be 180,000,000 tokens allocated to the company reserve upon completion of the ICO. All tokens in the company reserve may be allocated to strategic partnerships, market expansion, marketing, legal and bounty services. If needed, and in no less than one year"

Anybody know which exchange they are or will be listed on?

Thank you for the question, Crypto-capitalist. Another member responded to you and asked a similar question (below).


RE: airdrop
There will be no airdrop for AXT.

RE: bounty
Currently, there is no bounty program, however; this is something that the team is considering for a future phase of the project.


We have not announced listings on any exchanges yet. Such announcements would likely happen first on our Telegram (https://t.me/AutomotiveeXchangeToken) // Twitter (https://twitter.com/AXToken) // Facebook (https://www.facebook.com/axtoken/) channels. Though I will make sure to come back and update / bump this thread when new and important information about the project becomes available.

Also, thank you all for your questions and comments! Everyone on the team really appreciates it.

I like the exposure of your project announcement, very clear and concise
the project about automotive is very promising, I will wait for the development of this project next

Thank you, zayachkivska! Consider joining our Telegram (https://t.me/AutomotiveeXchangeToken) channel. We're currently trying to build our ranks there.

Also, we just recently posted an announcement article to our Medium publication (https://medium.com/axtoken/introducing-a-strong-blockchain-project-for-the-automotive-industry-the-automotive-exchange-df85b244bba). Give a look, we'd appreciate it.

We recently released an article on Medium: Introducing a strong blockchain project for the automotive industry — The Automotive eXchange Platform (AXP) (https://medium.com/axtoken/introducing-a-strong-blockchain-project-for-the-automotive-industry-the-automotive-exchange-df85b244bba)

We'd love your feedback on the article! And if you have a Medium account, and want to give us some Claps or shares, that would be awesome too.

We've also seen some of you join our Telegram channel (https://t.me/AutomotiveeXchangeToken). Thank you for that. We're actively trying to grow our community, and this is helping.

Update bump!

Did you see this article? DASHUB Selects Clears for KYC and AML Compliance (https://www.coinspeaker.com/2018/05/02/dashub-selects-clears-kyc-aml-compliance/)

We take KYC and AML compliance seriously, and are proud to announce this deal with Clears. Let us know what you think!

Bump!

Check out AXT on ICO Bench. Last I checked, we had earned the highest rating of any currently-listed USA-based project with a score of 4.7! We're proud of this team, and this project.

The automobile industry is a big market. The expansion platforms and projects listed in the project also have a promising future, but how many practical applications will be available?

Fantastic question, wjnbth. Thank you for asking it.

In the time we've spent discussing with our developers, investors, and partners, it sure seems like there are a lot of practical applications. Automotive being such a large industry, with such a diverse and rich ecosystem of well-established players, is presenting us with a ton of opportunity.

p.s. I must say, I sincerely apologize for the late reply.

^ Bump!

Our DASHUB and AXP team just got back from New York City's first ever "Blockchain Week" (https://medium.com/axtoken/dashub-and-the-automotive-exchange-platform-axp-make-waves-at-new-york-citys-first-ever-a61101faba7). It was awesome. Read the Medium article linked above, if you're interested to learn more. Thanks!

^ bump!

We'd love to answer any questions the community here has about our automotive blockchain project. Please leave a reply and we'll get right on it! Thank you, all.

I hope one day you make the bounty campaign. I really liked your idea, there is no automative exchange in crypto business..  if there will be no bounty i would think of invest some to this project..

Thanks for the thoughtful comment! We expected that no bounty program out of the gates would be disappointing to some. We're very happy to hear that you're considering investing in the project. I encourage you to visit the website: https://axt.io as it is the only official source of information pertaining to the token sale.

Does anyone else share this sentiment? Should we do a bounty program?

this will be an important part for automotive lovers in the world of cryto, in addition, the huge automotive market will be a distinct advantage for this project to grow more broadly, I'm sure the team can be relied upon in this regard, good luck

Thanks for the vote of confidence! We really appreciate it.

Security Token vs. Utility Token - what does everyone here think?

Since the AXT project is a US-based project, and we intend to issue a security token, this debate is very close to us. We recently published a Medium article about security tokens (https://medium.com/axtoken/the-team-behind-the-automotive-exchange-token-axt-believes-that-security-tokens-will-reign-15a6665d7c27).

^ Bump!

The team is quite interested to see what everyone here thinks about security tokens. Chime in!

Check it out, all:
The Automotive eXchange Platform (AXP) just announced a hard-hitting cybersecurity advisor for the project (https://medium.com/axtoken/joseph-steinberg-cybersecurity-thought-leader-and-expert-joins-the-advisory-board-of-the-bd6ece5541d6).

We'd love to hear your feedback. Thanks!

Anyone have any questions about the project? I'm ready to answer! Ask away.

Check out the new article that we posted on Medium: Automotive eXchange Platform (AXP) lands world-renowned ICO expert Douglas Lyons as project advisor (https://medium.com/axtoken/automotive-exchange-platform-axp-lands-world-renowned-ico-expert-douglas-lyons-as-project-advisor-2fe9f42c1714)

^ Bump!

No questions?

I know members here must have some thoughts on the security vs. utility token debate, especially in projects situated in the States. Our team would love to field your questions or hear your thoughts on the matter, or anything else related to the project.

It's a wonderful project, I commend the team effort

In my opinion, in the nearest future this project will succeed in. Your rate is good.

Nice project!

Learn how the team at AXP has added Erik Rind to the project, and how his deep industry knowledge and active involvement in an innovative blockchain project makes this a perfect collaboration:

Medium article: AXP Advisor Spotlight for Erik Rind. Big moves between the personal information blockchain space and automotive with this collaboration (https://medium.com/axtoken/axp-advisor-spotlight-for-erik-rind-28dc89565c82)

Thank you!

Do you have any questions about the project?

The whole team was excited to see this too. Thanks for mentioning it!

Great Project. I wish it reaches it"s goal. Happy to be a part of this Project.

Thank you! We appreciate it.

This platform would launch with considerable existing business and consumer activity, it is expected that the platform’s performance metrics will substantiate the benefits of the platform and encourage other companies to also adopt and build upon the AXP

That's a snippet from the White Paper, and is right on point! Glad you like the direction of the project.

There's probably a bounty campaign going on around here. How did you all assess the prospects of the project for investors? Share, I want to hear it

We are strongly considering a bounty program, at the moment. If that happens, I will definitely be updating our community here.

Can you rephrase your question about the assessment of the prospects for investors? I believe I understand what you're asking but would like a little more context. Thanks!

This platform would launch with considerable existing business and consumer activity, it is expected that the platform’s performance metrics will substantiate the benefits of the platform and encourage other companies to also adopt and build upon the AXP

Indeed!

It is indeed very important, because it can also be one that could be more convincing investors to join in the project. Hopefully this project can be a great success and can give satisfactory results.

That's the plan. And so far, so good. Thanks for contributing to the thread!

I don't understand where you really focus, whether you focus on automotive or on exchanges, or on both, because in one second project it is something very different

RESERVED for HINDI translaion....

helloo admin.... can i translate ANN page / WHITE paper  to HINDI(INDIA) language ??

here is my portfolio.....
https://drive.google.com/drive/folders/1TTRWTdF-VC71_TgP4dcsy6wH4BoL9cxB

waiting for your confirmation..... thank you....

MVP looks good. Over all this could be a great project. Competition might be a problem, but currently they have a good vision in place.

I think a project of real value will be of high value in exchange. I am looking forward to the project offering solutions to the eXchang platform soon to come into operation! Keep track of your information!

DASHUB launched in 2015 and has been fairly successful since. Tokenization seems well thought through and an MVP is available.

Thank you very much! We are happy to have your interest.


Will you rephrase your question? I think there might be some confusion with the word exchange in our title, and the exchanges where you execute digital asset trades.


The automotive space is plenty large enough for healthy and vigorous competition.


Thank you! We think so too.

Trading vehicles on the blockchain is a great use-case for DLT overall. It enables a secure and immutable history to follow the vehicle, smart-contracts to handle ownership and low-fees on cross-border trades.

You see the vision!

Trading vehicles on the blockchain is a great use-case for DLT overall. It enables a secure and immutable history to follow the vehicle, smart-contracts to handle ownership and low-fees on cross-border trades.

This is a massive scale project and very few would be able to undertake it on a global scale. Hopefully AXT will be able to.

Absolutely! Thanks for sharing your insight.


Indeed the vision is massive, and global, but the strategy is tiered and well thought out. We don't intend to dominate the entire global market, of course, but rather, make a meaningful impact and return for our investors.

Very interesting project with huge potiental i'll be sure to keep my eyes peeled

Thank you very much for this! We appreciate the kind words.

Do you have any questions about the project?

Team looks to be well experienced. WP was well done and thought out. Over all this could be a great project. Competition might be a problem, but currently they have a good vision in place.

Thank you! We believe the space is large enough for some healthy competition.

Anyone have any questions they'd like to ask the team?

Check out our new article: Surge in US blockchain legislation since 2015? (https://medium.com/axtoken/surge-in-us-blockchain-legislation-since-2015-a61e6dfbe463)

Check out our new industry article for the AXT project: Automotive blockchain market predicted to grow by 1,511% in the next 12 years (http://"https://medium.com/axtoken/automotive-blockchain-market-predicted-to-grow-by-1-511-in-the-next-12-years-b03ddc0267c7")