Review of ICO RedCab
Passenger traffic 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 man who at least once in his life did not use taxi or driving. At the same time, there is a growing demand for such services and the number of companies that provide them. Despite this, the passenger transportation industry is absolutely centralized, which affects both passengers and drivers negatively.
The RedCab platform will be the first decentralized service, allowing passengers to use taxi services or private drivers on the most favorable terms.
Problems solved by RedCab
A trip is a platform that will create a new, more technological and adaptive market for passenger air travel. This will solve a number of urgent problems that exist in the industry:
📌 Centralization. To date, in some countries there are up to 5 different services that occupy most of the entire transportation market. This allows them to dictate their own rules and conditions under which drivers work.
📌High commission. The driver's services today are taken away from the drivers, from 10 to 40% of the income received from the trip, which significantly increases the payback of services and forms of unhealthy competition in the market, depriving it of new participants.
📌Excellent cost of services. Because of the high commission for drivers, the cost of services for passengers is growing, which makes transportation simply unprofitable for customers.
📌Lack of a single market. Each country has its own carrier communities, which makes transportation difficult 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 satisfy the current needs of users and make passenger transportation more convenient.
RedCab: Features and Benefits
In fact, RedCab is an analogue of Uber, built on blocking technology. The platform will become a bridge between drivers and passengers in need of transportation. The first will be able to place orders, and the second - to find the most suitable offers. The main advantages of RedCab include:
📌Use of smart contracts. Calculations between passengers and drivers will be carried out automatically with the help of smart contracts, which will reduce the cost of transportation, and accordingly the cost of the services themselves.
📌Blockman and tokens. The use of blocking technology and internal tokens as a means of payment will make the interaction of users more transparent and independent. No geographical or currency restrictions-The platform will be universal and most convenient for all.
📌Mobile. The project already has mobile applications for iOS and Android. They will be the main tool for user interaction with the platform.
📌Chabi's personal assistant. In addition to the search and ordering system, the developers provide an opportunity to use a personal assistant Cabbi, built on the technology of artificial intelligence. It will help you find the right route, analyze the situation on the road and much more.
You should also consider methods of generating coins in the RedCab system, which will provide additional income for both passengers and drivers. Within the framework of the platform, two algorithms of proof of driving and proof of marketing will be used. The first will allow drivers to earn more tokens for the execution of orders, the number of kilometers traveled, etc. Proof of marketing will allow you to earn and passengers. In fact, this algorithm is the provision of a referral program, where customers must bring new users.
Tokens and RedCab ICO
The platform will use ERC-20 REDC tokens. With their help, you can pay for transportation services, as well as receive awards in accordance with the protocols on driving and proof of marketing.
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:
Conclusion
RedCab has every chance to become a leader in the industry of passenger transportation and driver services. The project offers a number of innovations, including the possibility of earning money for drivers and passengers, as well as 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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