CryptoAutos Announces Token Generation Event (TGE) for AUTOS Token Following Sold-Out Public Sale

London, United Kingdom, December 10, 2024 — CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, is set to launch its native utility token, AUTOS, on December 11, 2024, at 12 PM UTC. This highly anticipated Token Generation Event (TGE) marks a major milestone in CryptoAutos’ mission to revolutionize the ownership and interaction with high-value assets through blockchain technology.

The AUTOS token will debut at a fixed price of $0.04, reflecting a fully diluted valuation (FDV) of $40 million. It will be available on prominent decentralized and centralized exchanges (DEX & CEX), including Uniswap, KuCoin, and Gate.io, ensuring widespread access for the global community.

Community Launch Breaks Records with $4.5 Million Raised

The TGE announcement follows an incredibly successful Community Launch on Fjord Foundry, where the platform raised $4.5 million in just 5.5 hours, drawing in 1,710 AUTOS buyers. This rapid fundraising is a testament to the strong demand and trust in the CryptoAutos ecosystem, which integrates blockchain innovation with the luxury automotive industry, offering a seamless bridge between traditional luxury car ownership and decentralized finance.

Token Claims and Airdrop Distribution

Public sale participants can claim 100% of their tokens once the TGE goes live through CryptoAutos’ simple claiming process. Detailed instructions are provided in the official guide for easy access.

For those who participated in the AUTOS airdrop, tokens will be automatically airdropped to the wallet connected during the Telegram game as soon as the TGE is activated.

The Utility and Vision of AUTOS Token

The AUTOS token plays a central role in CryptoAutos’ blockchain-powered platform, enhancing the way users engage with luxury assets. It serves multiple functions, including:

• Transactions: Simplifying the purchase of luxury vehicles without the need for traditional banking methods.
• Membership: Offering holders potential benefits such as fee reductions, access to rentals, and other exclusive incentives related to a diverse portfolio of luxury cars.
• Governance: Enabling the community to influence the platform’s future direction through decentralized voting.
• Buy-back and Burn: Utilizing proceeds from marketplace sales to strengthen the AUTOS token ecosystem.
• RWA Platform: Providing access to fractionalized ownership of luxury cars, creating opportunities for shared ownership of high-value assets.

A Decentralized Future for Luxury Ownership

"We are incredibly proud of the overwhelming support we received during the AUTOS Community Launch event, which raised $4.5 million in just 5.5 hours,” said Harley Foote, Co-Founder and CEO of CryptoAutos. "This is just the beginning of an exciting journey. The AUTOS token completes our market offering by enhancing transactions, staking opportunities, and community-driven governance. Together, we are building a decentralized future for luxury car ownership, with AUTOS as the key to unlocking this vision."

Key Details for the Token Generation Event (TGE)

• Date: December 11, 2024
• Time: 12 PM UTC
• Launch Price: $0.04 per AUTOS token
• DEX Listing: Uniswap
• CEX Listings: KuCoin and Gate.io
• Further Updates: Additional information on partnerships, tokenomics, and future listings will be shared as CryptoAutos continues to expand its ecosystem.

About CryptoAutos

CryptoAutos is set to redefine mass adoption of Web3 technologies with a proven track record, including $58 million in crypto car sales, 180,000 monthly site visits, and over 120,000 whitelisted users. As a leading global automotive marketplace and Real-World Asset (RWA) platform, CryptoAutos bridges the gap between Web2 and Web3, introducing real-world utility to digital assets.

With strategic partnerships, including collaborations with TON and BNB, a network of over 1,500 partnered dealerships, and exclusive AUTOS token utilities, CryptoAutos is reshaping the luxury automotive and crypto industries. The platform facilitates seamless crypto-to-fiat transactions, fractionalized supercar ownership, and AI-powered vehicle insights, setting the stage for significant growth and innovation in the future of mobility and crypto investment.

Product Website | Token Website | Whitepaper | Pitch Deck | Twitter | Telegram