RedCab, A Decentralized Global Transportation Platform, Harnessing the usefulness of Blockchain Tech
How Blockchain Technology can effectively change the daily operation of Transportation systems positively.
RedCab, A decentralized global transportation platform.
INTRODUCTION TO REDCAB
RedCab LLC is a company created with the sole purpose of changing the operational exosystem of Transportation. RedCab LLC was founded in mid 2016 and they have also succeeded in launching their own mobile application in 2017. According to the whitepaper, RedCab wants to establish a proper P2P system where both drivers, taxi companies and customers benefit from maximally theough decentralization.
HOW REDCAB SOLUTION WORKS?
RedCab uses th blockchain technology to efficienty create a better transportation system by reducing cost and also increased security for transactions through decentralization. By the mode of operation, RedCab will find it easy to access the trasnportation system properly yielding optimum perfomance, properly managed risk and also recycling of profit within the ecosystem. The flexibilty of RedCab makes it easy for its functionality to adapt to different geographical zones without any problem, this is one of the core reasons why it will not take much time before it operates globally.
Nowadays, we have seen that the transportation sector has so many issues like insecurity, inconsistency, unreliability and so many more. Although, so many previous models have been created to solve this, but it the end, they still suffer inevitable collateral damage. RedCab is quite different as it provides solution to problems that linger in the trasportation system by creating a business model that offers longterm quality, safey and profit for its users and most especially the drivers too are not left behind.
The RedCab technology will also offer taxi companies and drivers job sustainability without fear of dropping income. Transparency and consistency will also play a major role in the business model which will be achieved by a community driven decentralized solutiom governed by smart contracts. This ensures loyalty and continual usabilty from drivers and cutomers respectively.
REDCAB SERVICES AND WHAT USERS STAND TO GAIN
There are really interesting services which RedCab offers, it benefits all parties involved in the business. Below are some of the offered services.
Ø Car Hailing and Pooling: No need to get stranded looking for cabs for individual trips, family, business or any other associated purpose, with RedCab, you can easily request for a cab.
Ø Hotel and Airport Transportation: You can schedule various trips if you are going to hotels, clubs or special uses.
Ø Delivery and Pick-up services: if you have food others or to pick up stuffs from one point to another, it only gets easier with RedCab.
WHAT USERS STAND TO GAIN WITH REDCAB
- No one enjoys waiting to get cabs for trips and all, RedCab will reduce the waiting time of customers and ensure smooth usage.
- Lower transportation fare which in turn leads to good savings, and the rate does not fluctuate.
- The referral program creates opportunities for people to receive moe earnings.
- Tokens can also be earned throuh proof of marketing
- There will be extra earning and profit
- More rides per hour which brings more earnings too
- Multi options of transportation services
- Earning tokens through PoD (Proof-of-Driving)
There are still so many benefits for users, the hotels and restaurants are not left out ad they can also earn with RedCab through ads and also discount.
RedCab has made sure their business model covers sustainability, affordabilty and security for customers. We no longer have to worry about our trips, delivery orders and so much more that evolves around the transportation system. There will also be 3 categories of Cabs which are
- Economic Cabs which are really affordable to use and for quick trips.
- Family Cabs which will be quite bigger in size to occupy more people, suitable for family trips.
- Luxury Cab mostly for work trips and also business meetings, the luxurism is quite unique.
- Red Cab which is the classy and distinctive one from others as it will contain only few people, users will pay quite more than the others and drivers will also be able to earn more tokens.
The busines model of RedCab LLC ensures that users are not afraid that they are spending more than what is necessary, hence the need for transparency which is why the smart contracts are going to be used. Also, the drivers will not have to worry about revenue being shared or part of their earnings cut off as they will be given the whole 100% accrued from trips.
The RedCab Mobile App will have numerous features one of which is display geo targeted ads for global reach. Users will not have to worry about conversion rate as it will be designed to make ads successful. It is also going to be multi-lingual with about 6 languages which will increase the user experience.
The Mobile App will also be able to schedule rides, users will be able to order for cabs and get the nearest driver within your location. You can also schedule your trips if you are the business type that attends meetings quite often.
RedCab and Blockchain Technology
The RedCab business model will be moved to a decentralized ecosystem which will also be equipped with dApps which will run on P2P as well as blockchain networks. This is to make sure there is no interference from third parties or any single authority. Other features include proof of marketing and proof of driving which provides incentives for drivers as they can earn tokens so far they follow due protocols while driving.
RedCab Token Details and ICO
The token sale will commence on June 1st, 2018 00:00 GMT and will end on August 15th, 2018 23:59 GMT or if the tokens reach hardcap before the closing date.
Team and Founders – 9%
Advisors – 3%
Bounty – 1%
Private Sale – 7%
Presale – 15%
Reserved for Proof-Of-Driving & Proof-of-Marketing token generation – 25%
Crowd-sale – 40%
Starts 1st June 2018 at 00:00 GMT and ends on 21st June 2018 at 23:59 GMT with early bird investors getting a 15% Bonus till allocated amount is sold out or phase ends.
Starts on 22nd June at 00:00 GMT and ends on 15th August 2018 at 23:59 GMT.
Token Maximum Supply: 100,000,000 REDC
• Accepted Currency for Token Sale: Ethereum
• Token Name: REDC
• Token Type: ERC20
• Soft Cap: 2143 ETH
• Exchange: 1 ETH = 2333 REDC
• Hard Cap: 24529 ETH
• Min Purchase: 0.1 ETH = 233.3 REDC
REDC will be listed on exchanges that are regulated and have proof of reserves, including the Korean, Japanese and other globally recognized major exchanges.