Overview of Auto Club
Auto Club is currently one of the largest cash back services in Russia. Known and traded as IAC, this platform offers discounts to organizations, brick and mortar stores, and online retailers. What makes International Auto Club different from other similar programs is that this platform runs its own payment system using an internal digital wallet.
Additionally the international Auto Club offers an affiliate program giving users the ability to earn extra benefits through referrals. IAC has been successfully operating for over three years and is financially stable. By integrating a cryptocurrency system within the platform users and businesses will be able to transfer fund more easily regardless of currency.
Both customers and businesses can benefit through International Auto Club membership. By using blockchain technologies IAC can better protect user’s data and prevent hacking. The AutoUnit blockchain is built on the Graphene platform. Crypto investors may also recognize this platform as BitShares 2.0. The coin is called AutoUnit and will be able to be purchased and traded through the stock market under the code AU.
Currently, IAC oversees 30,000 transactions per month and has over 600,000 registered members. Many of the partners will be recognizable to consumers including Booking.com, Huawei, and AliExpress. The goals expressed for IAC over the next four years are impressive and exciting. Investors may want to jump on the opportunity for investing in such a large up and coming project in such a rapidly developing area of the world like Russia.
Stats on internet use for payments and purchases within Russia and surrounding countries shows a steady increase in growth that will continue to rise. IAC plans to work hard to expand their platform eventually opening their own bank and serving over sixty million users worldwide.
How to Join the International Auto Club (IAC)
Since IAC offers services for both consumers and businesses there are two different types of membership available.
Individuals can enroll free of charge. Once enrolled, they will receive a link to share with family and friends through email or social media. The consumer will receive a percentage of all purchases made by their referrals and can use these funds towards goods and services. This means the more referrals users make the more cash back earnings they will be able to earn.
International Auto Club offers goods and services from 20,000 different businesses and users can even withdrawal the funds using a plastic debit card. Funds can also be used to upgrade user status within the IAC system. Users will appreciate the range of goods and services to choose from including car washes, insurance, grocery supplies, and even tourism.
Enrollment for businesses is also free of charge. IAC registered businesses choose what type of discount they want to offer users and set the cash back agreement based on IAC guidance. By installing IAC’s Autobonus program businesses will be able to keep track of users and the purchases made using this platform.
The International Auto Club has over 45,000 users monthly and works to promote products for each member business getting their goods and services into the view of potential customers worldwide. Most of the funds earned through the ICO period will be used towards further developing the online payment system and increasing platform marketing to build a larger user base.
Purchasing and Trading With Auto Club (IAC)
Initial Coin Offerings for the international Auto Club will begin on January 25, 2018. IAC tokens will be priced at $1.00 and nearly 86 million tokens are available for purchase. Seventy percent of tokens will be sold with the remainder being reserved for campaign members and the project team and platform developers. Three million internal tokens of AutoUnit will also be available for purchase. Eventually AutoToken will be available for trade through the stock market.
There will be five stages to the ICO including pre-ICO. Each stage will offer a different set of discounts. The ICO Pre-Sale will run from January 25-March 18 offering a twenty percent discount and thirty percent off for partners. Each stage offers smaller and smaller discounts until tokens have been sold. The ICO period will finish July 22, 2018. Interested investors should purchase earlier than later to take advantage of the higher discount rates.
IAC tokens can be purchased through the Ethereum clients GitHub and MyEtherWallet. IAC cautions buyers to not send ETH through the stock exchange or their broker’s account, as they will lose ownership of the coins.
Funds acquired during the ICO period will be used primarily to develop the online payment systems and enhance IAC platform marketing.
At the end of the ICO period, token holders can exchange AutoTokens to AutoUnits with an exchange rate of ten AutoUnits to one AutoToken.
Team Behind Auto Club
Every team member behind the Auto Club IAC platform brings a minimum of eight years of experience to his or her role. The range of expertise is quite broad helping IAC truly deliver on their ambitious goals.
Short biographies of each team member and investor are available online through the platforms website at www.auto-club.io. Currently the platform’s website is available in both English and Russian with additional languages added with growth.
International Auto Club (IAC) Conclusion
IAC has some ambitious goals for the next few years. They plan to increase their supplier base from twelve thousand to over 1.2 million over the next four years.
Equally ambitious is the platform’s goal to increase users from the current 600,000 to sixty million. Additionally they plan to expand their office space form 150 mostly Russian based offices to over 1,000 offices scattered across the globe. Ultimately, IAC’s end goal to is develop their own bank. All of these ambitious goals are set to be accomplished within the next four years.
While the goals seem quite ambitious, IAC is not a start-up company and are bringing four years of proven experience and success to help them move into the future and achieve these goals. With the steady increase of internet users living in Russia the popular cash back services of the West should succeed equally as well in this virtually untapped market or new users.