London, United Kingdom (TADAWUL:4280), December 10th, 2024, Chainwire

CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, has announced the Token Generation Event (TGE) for its native utility token, $AUTOS, scheduled for 11th December 2024 at 12 PM UTC. This event signifies a key advancement in CryptoAutos’ mission to enhance the ownership and interaction of high-value assets via blockchain technology.

$AUTOS will be launched at a fixed price of $0.04, reflecting a fully diluted valuation (FDV) of $40 million. The token will be accessible on the Uniswap DEX and various CEXs, including KuCoin and Gate.io, ensuring broad availability for the global community.

Community Launch Achieves $4.5 Million in Hours

The TGE announcement follows a successful Community Launch on Fjord Foundry, which raised $4.5 million in just 5.5 hours, attracting 1,710 $AUTOS buyers. This high demand showcases trust and interest in the CryptoAutos ecosystem, blending blockchain technology with luxury automotive ownership.

Token Claims and Airdrop Distribution Details

Participants in the public sale can claim 100% of their tokens at TGE through a straightforward claiming process. Detailed instructions are provided in the official guide.

For those who won the $AUTOS airdrop, tokens will be automatically distributed to the connected wallet during the Telegram game immediately after TGE commencement.

The Utility and Vision of $AUTOS

The $AUTOS token plays a crucial role in CryptoAutos’ blockchain platform, facilitating a seamless and secure way to engage with high-value assets. It enables:

• Transactions: Simplifying luxury vehicle purchases without traditional bank involvement.
• Membership: Offering holders varying benefits from a portfolio of luxury cars, including fee reductions, rental access, and other incentives.
• Governance: Empowering the community to influence the platform's direction through decentralized voting.
• Buy-back and burn: Using proceeds from marketplace sales to strengthen the token ecosystem.
• RWA Platform: Allowing fractional ownership offerings of luxury cars and more.

Driving Solutions for Luxury on Blockchain

> “We’re incredibly proud of the overwhelming support during our $AUTOS Community Launch event, raising $4.5 million in just 5.5 hours.”
>
> “This marks the beginning of an exciting journey for us. The $AUTOS token completes the CryptoAutos market offering by enhancing transactions, staking opportunities, and community-driven governance. Together, we’re building a decentralised future for luxury ownership, with $AUTOS as the key to unlocking this vision,” said Harley Foote, Co-Founder & CEO of CryptoAutos.

Key Details for the TGE

• Date: 11th December 2024
• Time: 12 PM UTC
• Launch Price: $0.04
• DEX: Uniswap
• CEX: KuCoin & Gate.io

Additional updates on partnerships, tokenomics, and future listings will be shared as CryptoAutos grows its ecosystem.

About CryptoAutos

CryptoAutos aims to revolutionize mass adoption in Web3, boasting $58M in crypto car sales, 180,000 monthly visits, and over 120,000 whitelisted users. As a leading global automotive marketplace and Real-World Asset (RWA) platform, CryptoAutos bridges Web2 and Web3 by adding real-world utility to digital assets.

Through partnerships with TON and BNB, a network of over 1,500 partnered dealerships, and exclusive $AUTOS token utilities, CryptoAutos facilitates seamless crypto-to-fiat transactions, fractional ownership of supercars, and AI-driven vehicle insights. The platform is positioned for significant growth by leveraging an expanding user base and innovative solutions to unlock the future of mobility and crypto investment.

For further information, users can visit the links below:

• Product Website: cryptoautos.com
• Token Website: autostoken.xyz
• Whitepaper: View Whitepaper
• Pitch Deck: View Pitch Deck
• Twitter: twitter.com/cryptoautos
• Telegram: t.me/CryptoAutosHub

Contact:
Co-Founder & CEO
Harley Foote
CryptoAutos
[email protected]

This article was originally published on Chainwire.