CryptoAutos, the world’s first luxury car marketplace using cryptocurrency, has integrated with Hedera Hashgraph (HBAR), marking an important development in the automotive sector.
With this merger, CryptoAutos is redefining the way customers purchase high-end vehicles with cryptocurrency.
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 payments, and unparalleled reliability, making it a perfect match for CryptoAutos. This combination enhances the platform’s user experience while also opening the door to Hedera’s strong community, expanding CryptoAutos’ reach globally.
Hedera’s near-zero transaction fees and fast settlement enable CryptoAutos to deliver a seamless and secure payment experience to users. Network reliability ensures smooth transaction execution, promoting trust and confidence between buyers and agents.
“CryptoAutos, the world’s first cryptocurrency auto marketplace, has officially integrated with Hedera. This opens up new possibilities for safe, fast and efficient transactions in the automotive world,” Hedera share.
CryptoAutos provides a platform where users can discover and purchase luxury cars from Ferrari, Porsche to Ford GT. With over 20K vehicles available at 600 dealerships worldwide, this marketplace caters to a global audience.
Potential buyers easily find dealers near them or search for specific unique models, ensuring inclusion and accessibility for customers in any location.
The platform allows users to buy cars with Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and other cryptocurrencies. This simplifies the transaction process and overcomes traditional banking barriers. Additionally, CryptoAutos provides comprehensive guides to help users navigate the car buying process with cryptocurrency.
“This integration expands the reach of our ecosystem while providing the Hedera community with direct access to our luxury auto marketplace,” CryptoAutos declare.
Despite this news, Hedera Hashgraph’s HBAR token plummeted 10%. According to data from TinTucBitcoin, HBAR is trading at $0.3171 at the time of writing.
CryptoAutos Launches Domestic AUTOS Token
Meanwhile, this development follows the launch of AUTOS, announced through the Token Generation Event (TGE) on December 3, 2024. Hosted on the Ethereum blockchain through the Fjord Foundry platform, the This event released 110 million AUTOS Tokens.
“The moment has come — AUTOS Community Launch is LIVE!!! 58 million USD in revenue, Tier 1 Partners & Exchanges, fixed selling price, 100% unlocked at TGE, and open to all. And your chance to win the Lamboghini Urus. What more could you need,” CryptoAutos stated.
The community-driven launch event, focused on decentralization, raised a staggering $4.57 million within the first five hours, demonstrating strong interest in the Token. TGE participants were automatically entered into a competition to win the Lamborghini Urus prize, reflecting CryptoAutos’ combination of blockchain innovation and extravagance.
Once launched, AUTOS will be initially listed on decentralized exchanges before appearing on KuCoin, a prominent centralized exchange. The AUTOS token is designed to revolutionize luxury car ownership through seamless, transparent and secure transactions. It also operates many features in the CryptoAutos ecosystem such as staking, governance, and user participation.
Holder Tokens have access to exclusive rewards, discounts and loyalty incentives, while agents can leverage promotional solutions to reach customers. Additionally, AUTOS also supports CryptoAutos’ Gold membership service and their upcoming Real Assets (RWA) platform, providing convenience beyond regular transactions.
CryptoAutos’ achievements have been remarkable, with over $58 million in revenue generated to date. The platform recently completed its first vehicle sale in Toncoin (TON), cementing its position as a leader in the crypto-to-fiat market.
The automotive market is setting a new standard for Token launches with a transparent and community-first approach. By prioritizing decentralized distribution over venture capital funding, the platform ensures fair access for all participants. With 750K USDT secured for liquidity, the launch reflects a sustainable and inclusive vision for the future.
