RedCab platform allows balancing the needs of passengers and drivers due to the high quality of the services provided and low cost
The market for passenger transportation is now very saturated. Due to the high competition in this industry, carrier companies focus on quality of services and low cost in order to attract and retain customers. Low cost motivates passengers when choosing a carrier, but not a driver, since the price reduction affects, first of all, the decline in income. In this situation, a driver lacks motivation to improve the quality of services, which leads to the appearance of dissatisfied customers. RedCab is able to solve this issue, which offers high level of income to drivers and low cost to passengers due to excluding intermediaries. The global coverage of the transportation market will allow using one service regardless the current location of a passenger.
Transport becomes one of the many sectors that people cover, but do you know transportation becoming main need in people’s everyday life , RedCab is one of the companies engaged in the Transport sector where they provide a very attractive business model for users, drivers and investment . their business model is very simple to described where they provide a decentralized peer 2 peer blockchain decentralization in providing transportation needs worldwide. the use of the increasingly popular cryptocurrency in various countries raises RedCab to innovate to provide the transportation needs of various segments of society, currently crypto currency is still very difficult in the use of daily use, on the platform RedCab users provided a platform to facilitate transactions in paying their travel expenses. this is very innovative project because there are still very few transportation companies or travel service providers that meet blockchain. we are highly positive in some of the discourses or business model prospects expressed in their whitepapers.
Some transportation business models connected to the blockchain for us will not have a positive impact on the ecosystem, but on RedCab their design of ecosystem continuity is important where some important aspects of ecosystems are central to their project work, we see some important points in projects where they give positive value to give a lot of benefit to the driver, unlike other transportation business model, RedCab is concerned with the driver’s advantage, where if the number of drivers incorporated with RedCab will make it easier for users to find or request transportation services anywhere using mobile applications they have provided.
Advantages of RedCab project
The annual demand for transport services reaches $230 billion, and therefore we can conclude that the project has great potential. The business model of the project is built on the payment of a monthly subscription for work on the platform. All transactions take place within the platform with a zero commission, increasing the earning opportunities for a driver as his activity increases.
https://redcab.io/
The project has own GPS system, which, depending on the location of a driver, provides the most cost-effective orders, taking into account the minimum time and distance between orders. The information is consolidated with the use of Red Network Dominance program, which supports the supply and demand for transportation services.
Users also can earn through RedCab due to the referral program. To receive income in this area, it is necessary to fulfill a list of project conditions for posting information on their account on social network, including a link to the project. Once a new member is registered on the project by reference, the referral automatically receives a reward.
To provide drivers with 24/7 support on a platform, the robot assistant Cabbi works, informing drivers about technical works on roads and jams with the generation of a convenient bypass. Cabbi always tells the location of the nearest gas station with the most optimal price.
Every real passenger and driver will be able to leave feedback on cooperation after a transaction is completed.
RedCab cryptocurrency
To perform calculations on the platform, REDC tokens, implemented on the basis of Ethereum according to the ERC-20 standard, are used. You can buy 2,333 REDC for 1 ETH. The minimum investment amount is 0.1 ETH. Of all the released tokens, 62% are allocated to the crowdsale. The project's hardcap is 24,529 ETH. Until August 15, the project is at the stage of the main crowdsale.
Summary
Thus, RedCab project will increase the potential worldwide revenue in this industry by 60 million rubles by excluding intermediaries in the process of passenger transportation. Increasing the driver's income, and motivating him to provide high-quality services, RedCab will bring passenger transportation to a new level. A convenient interface, fast transactions and profitable work for both parties will provide the project with a high rating. The investments attracted to the project will be mainly invested into the further development of the project (29%) and the marketing campaign (41%), the rest will be spent to cover expenses.
The project was launched in early 2016, and currently has mobile versions in Google Play and App Store already running, and the project's website is running as well. By 2021, the platform will start working in its full functionality with the ability to create RedCab Dapp. The team plans to open offices in Europe, Asia and North America.
ICO DETAILS
Redcab is committed to a transparent token sale process.
We will notify the public with the final total amount of REDC tokens in circulation after the completion of the Token Sale because tokens are minted as contributors buy it. This is to maximize the value of tokens sold, scarce the supply, and create a value for token holders once we’re listed on major exchanges. RedCab will not create any new REDC tokens after the Token Sale.
Max Tokens Supply 100,000,000
- Pre-Sale: Starts 01 June 2018 at 12:00 AM GMT and ends on 21 June 2018 at 11:59 PM GMT with early bird investors getting a 15% Bonus till allocated amount is sold out or phase ends.
- Main Crowd-Sale Start Date: 22 June at 12:00 AM GMT and ends on 15 August 2018 at 11:59 PM GMT.
- Accepted Currency for Token Sale: Ethereum
- Token Name: REDCToken
- Type: ERC20
- Exchange: 1 ETH = 2333 REDC
- Hard Cap: 24529 ETH
- Min Purchase: 0.1 ETH = 233 REDC
- What Exchanges will REDC be listed on? REDC will be listed on exchanges that are regulated and have proof of reserves, including the Korean, Japanese and other globally recognized major exchanges.
REDC TOKENS
Use of Fund
- 29% Product Development Marketing
- 41% Acquisitions and Partnerships
- 13% Management & Advisory board
- 11% Admin and Operations
- 6% Legal
Token Distribution
- 9% Team and Founders
- 3% Advisors
- 1% Bounty
- 7% Private Sale
- 15% Pre-sale
- 25% Reserved for Proof-Of-Driving & Proof-of-Marketing token generation algorithm
- 40% Crowd-sale
ROADMAP
2016
Q1: The business Idea came, and we started the business research.
Q2: Mobile App development started – first trial and error.
Q3: Market research and business iteration.
Q4:
Mobile app MVP launch.
Go live on Google Play with both driver and rider clients
2017
Q1: Go live on iTunes App Store with both clients and operations commencing in one Coastal City.
Q2:
Company legal setup.
First website launched www.red-cab.co
Q3: Raised First Round of Investment.
Q4: Operations expansions to 2 coastal cities Partnership with Sierra Global Solutions.
2018
Q1: Launch and redesign new Website http://www.redcab.co.
Creation of brand identity.
Q2:
Soft Launch & Community Building.
Partnership with Vestedsummit.com & SkaleUP Ventures.
http://www.redcab.io acquisition
Q3: REDC Token creation and ICO launch Partnership with BitPeaks.com.
Q4:
End of Token Sale and token distribution to contributors.
Massive Email Campaign, Social Media & Digital PR to introduce RedCab to the world.
Partnership with doPAY payment processor.
2019
Q1:
Listing of REDC token in 2 of Top 10 Crypto Exchanges.
Listing on CoinmarketCap.com.
Start developing RedCab Dapp with wallet integration.
Invest in Infrastructure.
Q2:
Expansion of on-ground operations in selected cities in EMEA and LATAM regions.
Partnership with an Airline (Name to be be confirmed).
Q3:
Proof of Driving and Proof of Marketing product development.
Expand our Travel Service Partners, hotels, and restaurants.
Listing of REDC Tokens in 1 Top 5 Crypto Exchanges.
Q4:
Release of iOS and Android release 2.0 with wallet integration and Cabbi smart bot introduction.
Expand Offices in Europe & Asia Markets.
2020
Q1:
Phase 2 of Massive marketing campaign.
Raise round 2 of investment.
Listing of REDC Tokens in two Top 5 Crypto exchanges.
Q2:
RedCab Platform development.
Data mining and Geo-Ads introduction.
Introduce Proof-of-Driving and Proof-Of-Marketing.
Release of dAPP. Decentralized Escrow Exchange for REDC
Tokens to trade fiat currency in exchange of REDC
Q3: Partnership with sports, celebrities, and public figures for Marketing and exposure.
Q4: Expand on-ground operations to North America.
2021
Q1: Listing on all Top 5 Crypto exchanges.
For more info on this project, please visit the link below:
Website: https://redcab.io/
Telegram: https://t.me/redcab_ICO
Facebook: https://facebook.com/redcabeg
Twitter: https://twitter.com/redcab_llc
Author : X7+
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1141171
eth address: 0xe3ffc631e711Bb8AE8aAc37458981C60923519c8
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