REDCAB - The Decentralized Transportation Solution

jigamola (5)in #ico • 6 years ago

Cryptocurrencies are one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher.

As the success and growth of blockchain-based cryptocurrency have proven, the future will witness a decentralized, efficient, and comprehensive global ecosystem. At this juncture, I would like to present RedCab, a platform which was established to ensure a seamless peer to peer transportation solution.

Many start-ups have been rising in the market recently to solve the transportation issue. Most of them are successful as a business, but none of them have succeeded without a social collateral damage.

Despite the fact that technology has bridged the gap for transportation needs and has successfully solved some problems in the past 10 years, this left us with multiple copycat business models without any iteration or innovation. Customers are not only searching for a trendy service, but looking for a true reliable service with sustainable quality and safety, that offers all transportation options and services with a low competitive price, and because customers hate to be abused; so on a rainy day, or a day with heavy traffic; “high rates” fare is not a good move.

RedCab is a decentralized blockchain based platform aimed at Introducing advanced technology into the transportation industry. RedCab is a Company incorporated to offer a centralized peer to peer transport solution throughout the process using blockchain technology and Token REDC to be used as a utility token for everyday transactions that creates massive demand for limited inventory.

RedCab is 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. The business model is designed to ensure smooth market penetration through lean and reliable processes, and the 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.

Furthermore, RedCab is a decentralized transportation solution while deploys blockchain technology and provides cost effective and secure transactions. The company conceptualizing and leading the RedCab project is "RedCab LLC", registered at Qesm Hurghada, Red Sea Governorate, Egypt.

MISSION

The purpose of the RedCab token is to convert our business model from a centralized application into a decentralized ecosystem that enables access to global reach and reduce user transportation costs, and its benefits can save costs and raise funds to develop RedCab infrastructure and address the growing international demand for transportation services at the whole world through the development of powerful and effective scalable tools.

VISION

The RedCab LLC team has seen a clear opportunity in the transportation industry for its unique business model to balance business objectives and customer needs, backed by a strong technical platform.

Blockchain technology is regarded as the backbone of this business model from providing secure transactions and quick contracts; it perfectly blends with our business model to deliver a world of decentralized managed and managed transport solutions to people who are ready to serve individuals and support the business.

By changing the operations model from the currently used centralized model into a complete decentralized model; RedCab has huge potential in competing with the big funded players in the peer-2-peer transportation space. By strengthening local operations and scaling globally, offering a transparent and cheaper business model to customers, yet boost earnings for drivers, maintaining a community-backed governance model on quality, safety, and customer experience; it is a no-brainer that time will be the only challenge between Redcab and market share.

REDCAB SERVICES

There are to a great degree captivating organizations which RedCab offers, it benefits all social occasions drew in with the business. The accompanying are a bit of the offered organizations.

Car Hailing and Pooling: No convincing motivation to get stranded hunting down cabs for solitary journeys, family, business or some other related reason, with RedCab, you can without quite a bit of an extend interest for a cab.
Hotel and Airport Transportation: You can design distinctive trips in case you are going to motels, clubs or extraordinary jobs.
Delivery and Pick-up organizations: In case you have sustenance others or to get stuffs beginning with one point then onto the following, it just gets less requesting with RedCab.

BENEFITS OF REDCAP

For Customers

No one values sitting tight to get taxis for excursions and all, RedCab will decrease the holding up time of customers and certification smooth utilize.
Lower transportation toll which in this manner prompts extraordinary venture reserves, and the rate does not change.
The referral program makes open entryways for people to get more benefit.
Tokens can moreover be earned through check of advancing

For Drivers

There will be extra winning and advantage
More rides each hour which brings more benefit also
Multi choices of transportation organizations
Obtaining tokens through PoD (Proof-of-Driving)

TECHNOLOGIES AND APPLICATION

From the technical aspect to the business model, a dedicated research team spends a full year studying needs, assessing market gaps and exploring potentials with a focus on the driver's experience and driver's needs.

One of the key aspects of RedCab's business approach is global reach. RedCab has 6 Languages in its app and links to Global maps to be matched and includes different user experiences, as well as diverse car choices and categories from RedCab, covering all travel needs.

The first beta version of Mobile Apps was aired in 2017 both in the App Store and Google play, and the soft launch took place at a small tourist spot by the Red Sea for more hand operations and to test the car calling service, consuming most of our business models. We see great potential in the industry and growing demand in all metropolitan cities in the hope of future growth for the industry reaching $ 285 Billion by 2030.

THE REDCAB (REDC) TOKEN DETAILS AND ICO

The RedCab (REDC) Token will be the utility token used on the RedCab ecosystem. The RedCab ecosystem will be hosted on the Ethereum Blockchain Network and the RedCab (REDC) tokens will be ERC-20 compatible tokens.The total number of REDC tokens to be issued will be limited to 100 Million tokens to avoid the risk of inflation (i.e. by keeping the REDC token count scarce and limited). The price per REDC token is fixed at 1 ETH = 2333 REDC.

Token Details

Token Name: REDC
Max Tokens Supply : 100,000,000
Token Type : ERC20
Exchange : 1 ETH = 2333 REDC
Hard Cap : 24529 ETH
Min Purchase : 0.1 ETH = 233 REDC
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