REDCAB - A Decentralized Global Transportation Platform

asyifa (25)in #blockchain • 6 years ago

RedCab LLC offers a decentralized peer-to-peer transportation solution to individuals. Utilizing the power of Blockchain technologies and a unique business model for a transparent, affordable, and innovative future. Founded in 2016, and launched in 2017 with a concrete roadmap unto the future of peer-to-peer transportation services. Proof of Driving and Proof of Marketing Concepts, AI Powered road assistant, Geo Ads for monetization, and a strong portfolio of on-ground operations in a very short time.

RedCab LLC is a fast forward company with a futuristic business model in the transportation space. From technical aspects to business model, a dedicated research team spent 1 complete year researching needs, assessing market gaps and exploring potential with a focus on riders’ experience and driver needs.

Our first beta version of the Mobile App went live in 2017 on both the App Store and Google play, and the soft launch took place in a small touristic spot by the Red Sea for more on hand operation and to test the car hailing service, which consumes a big part of our business model. We see a massive potential in the industry and rising demand in all metropolitan cities with a future growth expectation for the industry to reach $285 Billion by 2030.

The goal of RedCab’s token sale is to convert our business model from a centralized app into a decentralized ecosystem that allows access to global reach and reduce expenses of transportation for users. Saving more than $60 Billion annualy made through middlemen, raise funds to develop our infrastructure and address the growing international demand on transportation services around the globe through developing a powerful scalable tool.

How RedCab Solution works?

RedCab is a decentralizing the transportation solution for individuals by utilizing Blockchain technologies for cost efficient and secure transactions. On the other hand, saving billions of dollars from transportation commission to be rewarded back to the ecosystem ensuring sustainability and business continuity through cutting edge technology, performance management and customer loyalty. Our business model is designed to ensure smooth market penetration through lean and reliable processes, and our scoring and reward program ensures loyal and productive community. With the variation in fare calculation from one country to another and even from one city to another, RedCab LLC has managed to keep the tool flexible to amend the best pricing formula without surge price or high cost fare in holidays or bad weather.

Decentralized App

Decentralized applications (dApps) are digital applications or programs that exist and run on a Blockchain or P2P network of computers instead of a single computer, and are outside the purview and control of a single authority. A standard web app, like Uber or Twitter, runs on a computer system which is owned and operated by an organization giving it full authority over the app and its workings. There may be multiple users on one side, but the backend is controlled by one singleborganization.

dApps can run on both a P2P network as well as a Blockchain network. Applications that run on various computers that are part of a P2P network where there are multiple participants on all sides’ some are consuming the content, some are feeding or seeding the content, while others are simultaneously performing both functions. In the context of cryptocurrencies, the dApps exist and run on Blockchain network in a public, open source, decentralized environment and are free from control and interference from any single authority

To apply the dApp model, we have to reach a certain level of technical preparation and network size, which will enhance our architecture, algorithms and scalability for more secure, flexible, reliable and efficient business operation.

We consider this step as an important milestone in our roadmap because it offers our community a secure, fast and reliable application for better customer experience. On the other hand it also offers the business the golden chance of expansion with lower costs, secure and efficient way of storing and processing big data.

RedCab's new model will reach the perfect balance between supply and demand delivering a win-win situation. The new model of “Network Dominance” will be self driven because both supply and demand will be created by the community while customers' savings, drivers' earnings and business profitability are all achieved.

The “Network Dominance” model is based on an action and reward methodology to save more money, drive more profits and create an impeccable model of Sharing Economy. It is designed with community serving and business continuity in mind, thus requiring continuous enhancement and iterations to improve its results and keep us light years away from the competition.

ICO

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.

Tokens distribution

9% Team and Founders
3% Advisors
1% Bounty
7% Private Sale
15% Presale
25% Reserved for Proof-Of-Driving & Proof-of-Marketing token generation.
40% Crowd-sale

Pre-Sale

Starts 01 June 2018 at 00:00 GMT+2 and ends on 21 June 2018 at 23:59 GMT+2 with early bird investors getting a 15% Bonus till allocated amount is sold out orphase ends.

Main Crowd-Sale:
Starts on 22 June at 00:00 GMT+2 and ends on 15 August 2018 at 23:59 GMT+2.

Accepted Currency for Token Sale: Ethereum
Token Name: REDC
Token Type: ERC20
Exchange: 1 ETH = 2333 REDC
Hard Cap: 24529 ETH
Min Purchase: 0.1 ETH = 233.3 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.

RoadMap