RED CAB- A CRYPTOCURRENCY BASED TRANSPORTATION PLATFORM FOR CAB DRIVERS AND CUSTOMERS

Cryptocurrency is a revolutionary digital currency for transforming the world economy utilizing a value-added digitally created currency. This currency has no overseas boundaries, has no legal restrictions as well as is easy to transact by converting it into another form of currencies. That is why the modern industries are adopting cryptocurrencies for building their business model. Using cryptocurrency within a business model, now many business organizations have simplified their payment systems and make transactions easier for their stakeholders and customers. The cryptocurrency has made many revolutionary projects successful and has reduced costs for many services. Using this technology many transport management companies even have managed to reduce the cost of their services. Most of them are utilizing cryptocurrencies for clearing out the payments for public transportation, product delivery and for different services. But none of the companies ever thought to utilize cryptocurrency solely for paying fares for cab services.
The cab services nowadays are advanced and can be called using smart-phone devices thanks to various cab based applications. But, they have some serious limitations. Some cab services charge excessive fares for their services, and even they do not take passengers if it rains or if there is excessive traffic on the roads. As a result, passengers cannot find cabs during rain or heavy traffic. And even if they find cabs, the drivers demand unusually high service fares for their services. As passengers cannot find any other means to travel to their destinations, they are forced to accept the demand of drivers and travel by paying extra fares. That is why the RED CAP system has been developed. This is the company which provides cab services where cryptocurrency can be used as a transaction medium. This is the company which provides the drivers with cryptocurrency incentives via REDC tokens and creates a stable economic ecosystem for all kind of cab services for providing easy public transport.
In this article, I am about to present the cryptocurrency system of RED CAB and how this system is helping to create a cost-effective transportation system for the global passenger community.

RED CAB TOKEN

The RED CAB is a unique platform where cryptocurrency is dedicated to rewarding drivers for their contribution in the growth of RED CAB community. Drivers use a RED CAB for making their cabs available for passengers and always keep their GPS and RED CAB app turned on so that they can be easily found by interested passengers. Drivers get payments in tokens developed by the platform development team for their loyal services to the passengers. And has all become possible due to REDC token of RED CAB. As this token is planned to be spent for rewarding drivers and managing the platform’s internal service payments, the token is developed using the following specifications,

• Token Building Platform: Ethereum
• Token Standard: ERC20
• Can Be Exchanged With ETH

The REDC tokens have a secure structure. These tokens are distributed accordingly among the project developers. The project team has also planned for distributing the collected funds after RED CAB ICO. The plans for distribution and fund allocation is planned as follows,

For getting more information about REDC please visit, https://redcab.io/. And for detailed information about this token please read whitepaper from, https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf.

BENEFITS OF TOKEN

REDC tokens are the main liquidity through which the RED CAB LLC team has planned to raise funds for the project RED CAB. As it is for sale so it is quite simple that this token should have some benefits for the ICO investors, and it has. The benefits this token offers for users and investors are as follows,

• REDC tokens will be listed on top 5 crypto exchanges within the year 2021, so drivers who are accumulating these tokens will get a good price by selling them in top-rated exchanges;
• REDC token investors can secure their funds by investing in high rated RED CAB project, as the token value is sure to increase in the coming years.

SCOPE OF RED CAB PROJECT

The RED CAB has great perspective and it is a high standard project where every user is a winner. Here, the team is developing an intelligent platform through which passengers can avail affordable cab services with constant price rate and drivers can get tokenized incentives for their effort for providing quality passenger services through the transport facility ecosystem of RED CAB. This project is reshaping the cab industry by empowering drivers with 100% benefits and for passengers, it is building a system through which they can get cab facilities all the time even if the weather condition and road condition are favorable or not. By doing so, the project will ensure 100% user satisfaction by creating a revolutionary system for the global community.

REDC token is the liquidity of RED CAB project. Through this, anyone can contribute to the growth of RED CAB ecosystem. So, if you are interested to contribute in the RED CAB project please visit, https://github.com/Redcabllc/REDC/blob/master/docs/crowdsale.pdf

Here are the ways to get a vast information about RED CAB:

• Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3834815.0
• Github Profile Link: https://github.com/Redcabllc
• Reddit Profile Link: https://www.reddit.com/u/Redcab_io
• Discord Profile Link: https://discord.gg/n28uxaD
• Twitter Pages: https://twitter.com/RedCab_LLC
• Company Website: https://redcab.io/
• Facebook Page Link: https://www.facebook.com/redcabeg/
• Whitepaper Link: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf
• Telegram Group: https://t.me/redcab_ICO
• Medium Blog Link: https://medium.com/redcab

• BitcoinTalk User Name: rayhantechbd
• BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1273107