RED CAB – Modern Innovations And Easing Your Travel

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Passenger transportation is one of the most numerous industries in the world in terms of the number of consumers and the volume of services provided. Today it is difficult to find a person who at least once in his life did not use a taxi or driver services. At the same time, the demand for such services and the number of companies that provide them is growing. Despite this, the passenger transport industry itself is absolutely centralized, which has a negative impact on both passengers and drivers.
The RedCab platform will be the first decentralized service by which passengers can use taxi services or private drivers on the most favourable terms.
What is RedCab
RedCab is a decentralized solution to the progressive business model for blocking technology to provide affordable, transparent and secure P2P (peer-to-peer) transport services to ordinary users and various organizations.
The purpose of the project
Analyzing the existing market for the provision of transport services, the developers saw its weaknesses and set the main goal of its project to remove existing commissions, to allow the driver to work without intermediaries, which would lead to an increase in his incomes and the establishment of fixed tariffs for transportation. And the sale of tokens this summer will make it possible to turn the project into a decentralized platform that will make it possible to realize this goal at the world level thanks to the development of easily scalable relevant tools.
RedCab platform, its advantages
As a result of the conducted researches, the developers have chosen the decentralized structure of the organization of the platform equipped with dApps, which ensured the operation of the entire service transparently and honestly. Zero commission allows drivers to earn more, and passengers pay less. The use of constantly enabled GRS navigator drivers proves their work on the project and is encouraged by additional tokens. The introduction of the Red Network service ensures the growth and distribution of the project on mutually beneficial terms. The developed referral program allows users to earn tokens on additional passengers involved in this project. About the following tools a little bit more in detail.
Cabbi is a universal virtual assistant, developed with the use of artificial intelligence and useful for all users of the platform, which will help in meetings, events, travel, will be an assistant in the service. Cabbi can be maximally personalized, in accordance with the individual requests of the consumer at the moment. To drivers, he will help to choose all the characteristic features of the performance of the forthcoming trip and calculate the passenger’s payments.
Problems solved by RedCab
RedCab – a platform that will create a new, more technological and adaptive marketplace for passenger services. It will solve a number of pressing problems that exist in the industry:
Centralization. To date, within the limits of individual countries, up to 5 different services function, which occupy the most part of the whole transport market. This allows them to dictate their own rules and conditions on which drivers work.
High commission. Driving services today take away from drivers from 10 to 40% of the profit received from the trip, which significantly increases the payback of services and creates unhealthy competition in the market, depriving it of new participants.
The high cost of services. Due to the high commission for drivers, the total cost of services for passengers increases, which makes transportation simply unprofitable for customers.
Lack of a single market. In each country, there is a community of carriers, which complicates the transport of goods when moving from one state to another. Also, currency conflicts play a role in the payment of services.
Thus, RedCab will become a universal global platform that will meet the current needs of users and will make passenger transportation more convenient.
RedCab: Features and Benefits
In fact, RedCab is an analogue of Uber, built on blockbuster technology. The platform will become a connecting bridge between drivers and passengers in need of transportation. The former will be able to place orders, and the latter will be able to find the most suitable offers. The main advantages of RedCab include:
Use of smart contracts. Transactions between passengers and drivers will be carried out automatically using smart contracts, which will reduce the cost of transportation, and therefore the cost of the services themselves.
Blocking and tokens. Using the technology of blocking and internal tokens as a means of payment will make the interaction of users more transparent and independent. No more geographical or currency restrictions – the platform will be universal and most convenient for all.
Mobility. The project already has a functioning mobile application for iOS and Android. They will be the main tool for users to interact with the platform.
Personal assistant Cabbi. In addition to the search and placement system, the developers provide the opportunity to use the personal assistant Cabbi, built on the technology of AI. It will help you find the necessary route, analyze the situation on the road and much more.
Separately, it is worth considering the methods of generating coins in the RedCab system, which will provide additional income for both passengers and drivers. Inside the platform, two algorithms will be used simultaneously: Proof of Driving and Proof of Marketing. The first will allow drivers to earn additional tokens for fulfilling orders, the number of kilometres covered, etc. Proof of Marketing will earn money for passengers. In fact, this algorithm is the provision of a referral program, where customers must bring new users.
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Tokens and ICO RedCab
Inside the platform will be used ERC-20 tokens REDC. With their help, you can pay for transportation services, as well as receive rewards in accordance with the protocols of Proof of Driving and Proof of Marketing.
Token Detail
Token REDC is a utility token platform designed to gain access to ordinary users and representatives of various companies to the platform, to receive its services and to pay for them by ordinary transactions. Due to this token, transport services rendered by this project will have a relatively low cost, which will lead to their constant demand, and, consequently, to the growth of the importance of the token itself.
Token: REDC
Platform: Ethereum
Standard: ERC20
Total tokens: 100,000,000 REDC
Available for Token Sale: 62,000,000 REDC (62%)
Payment: Ethereum
Minimum investment: 0.1 ETH = 233.3 REDC
Price PreICO: 1 ETH = 2 682 RED
Price ICO: 1 ETH = 2 333 REDC
SoftCap: 2 143 ETH
HardCap: 24,529 ETH
The main stage of sales of ICO: June 22, 1981 to August 15, 2013 or until full sale
Country: Egypt
To take part in ICO, click on the link.
The total issue of coins will be 100,000,000 tokens, but 62,000,000 coins will be put up for sale. Their distribution will be carried out in the following proportions:
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RedCab has all chances to break out into the leaders of the industry of passenger transportation and driving services. The project offers a number of innovations, including the possibility of earning money for drivers and passengers, and an assistant for artificial intelligence, and transparency of transactions. Accordingly, it looks much more attractive than the current representatives of the market for driving services.



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