CryptoAutos, the world’s first crypto-powered luxury car marketplace, integrated with Hedera Hashgraph (HBAR), marking a landmark development in the automotive marketplace.
With this integration, CryptoAutos is redefining the way users purchase high-end vehicles using cryptocurrencies.
Hedera’s Integration with CryptoAutos
The integration into CryptoAutos marks a significant upgrade to the platform’s capabilities. Hedera’s advanced blockchain technology offers near-zero transaction fees, secure settlements, and unmatched reliability, making it a perfect match for CryptoAutos. This integration enhances the platform’s user experience while providing a gateway to Hedera’s strong community, expanding CryptoAutos’ reach globally.
Hedera’s near-zero transaction fees and instant finality enable CryptoAutos to offer a seamless and secure payment experience for its users. The network’s reliability ensures smooth transaction execution, fostering trust and confidence among buyers and dealers.
“CryptoAutos, the world’s first crypto automotive marketplace, has officially integrated with Hedera. This unlocks new possibilities for secure, fast, and efficient transactions in the automotive world,” Hedera shared.
CryptoAutos provides a platform where users can explore and purchase luxury vehicles ranging from Ferraris and Porsches to Ford GTs. With over 20,000 cars available across 600 dealerships worldwide, the marketplace caters to a global audience.
Prospective buyers can easily find dealers near them or search for specific niche models, ensuring inclusivity and accessibility for customers in any location.
The platform allows users to purchase cars using Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and other cryptocurrencies. This streamlines the transaction process and bypasses traditional banking barriers. Additionally, CryptoAutos offers comprehensive guides to help users navigate the process of purchasing vehicles with digital currencies.
“This integration expands our ecosystem reach while providing the Hedera community direct access to our luxury automotive marketplace,” CryptoAutos stated.
Despite this news, Hedera Hashgraph’s HBAR token is down by a stark 10%. According to BeInCrypto data, HBAR was trading for $0.3171 as of this writing.
CryptoAutos Launches Native AUTOS Token
Meanwhile, this development follows the launch of AUTOS, which debuted through a Token Generation Event (TGE) on December 3, 2024. Hosted on the Ethereum blockchain via the Fjord Foundry platform, the event saw the release of 110 million AUTOS tokens.
“The time has finally come — the AUTOS Community Launch is LIVE!!! $58 million revenue, Tier 1 partners & exchanges, fixed price sale, 100% unlock at TGE, and open to all. And your chance to win a Lamborghini Urus. What more could you possibly need,” CryptoAutos said.
The community-driven launch, focused on decentralization, raised an impressive $4.57 million within the first five hours, displaying strong interest in the token. Participants in the TGE were automatically entered into a contest to win a Lamborghini Urus, reflecting CryptoAutos’ blend of blockchain innovation and luxury.
Following the launch, AUTOS will initially be listed on decentralized exchanges before debuting on KuCoin, a prominent centralized exchange. The AUTOS token is designed to transform luxury car ownership by enabling seamless, transparent, and secure transactions. It also powers various features within the CryptoAutos ecosystem, including staking, governance, and user engagement.
Token holders gain access to exclusive rewards, discounts, and loyalty incentives, while dealers can leverage advertising solutions to reach their audience. Additionally, AUTOS supports CryptoAutos’ Gold membership service and its upcoming Real World Asset (RWA) platform, offering utility beyond transactions.
CryptoAutos’ achievements are already noteworthy, with over $58 million in sales revenue generated to date. The platform recently completed the first-ever car sale using Toncoin (TON), solidifying its position as a leader in the crypto-to-fiat marketplace.
The auto marketplace is setting a new standard for token launches with its transparent, community-first approach. By prioritizing decentralized distribution over venture capital funding, the platform ensures equal access for all participants. With $750,000 USDT secured for liquidity, the launch reflects a sustainable and inclusive vision for the future.
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Lockridge Okoth
https://beincrypto.com/hedera-hbar-integrates-with-cryptoautos/
2024-12-04 14:30:00
