WORLD’S FIRST BLOCKCHAIN BASED RIDESHARING PLATFORM - BitDrive Platform

Bitdrive Autosurance is an effort of the Bitdrive platform to be there for you whenever the need arises, ridding you of worrying over those dreaded rainy days. Bitdrive Autosurance is our sincere effort to be by your side, our esteemed partner in success, not just in times when all seem to be going well but to have your back when things go awry.

• A TRULY GLOBAL RIDESHARING PLATFORM

• FLEXIBLE PAYMENT OPTIONS USING BTD,BTC,ETH,USD

• ABSOLUTE PERSONAL DATA PROTECTION

• INBUILT DECENTRALIZED INSURANCE SYSTEM

Problem Statement

Driver based applications are becoming popular all across the World. But the rising popularity has also hampered the need for drivers, as automation concepts are being explored. On the other hand, most of these organizations hire unprofessional drivers who often drive unlicensed and faulty vehicles. Most of the organizations are operating by taking advantage of the legal loopholes which allows them to avoid expensive procedures necessary for providing high-quality ridesharing services. Not to mention that passengers face hurdles in the centralized booking system and are charged sky-high rates for even short distances. In most of these situations, the passengers are losing a lot of money and are not at all satisfied with the service. This includes drivers cheating on users by taking longer routes because of the pricing policy. Also, there is absolutely no transparency in the organization’s policies which have forced passengers to try alternate modes of transportation which is a growing concern for the organizations trying to maximize their profits.

Insufficient remuneration

• The number one issue faced by most of the companies in today’s market.
  Ridesharing companies are least bothered about the welfare of the drivers, they mostly
  concentrate their efforts on making profits leaving their drivers out for dry with nothing
  much to sustain for long term.

Highly Centralized systems

• Most of these companies have a centralized way of operating as they have
  instilled centralized systems. Centralized transactions are a lengthy
  and cumbersome process for both the driver as well as the passenger as they
  have to process their transactions through a third-party or an intermediary and
  this will result in accumulation of extra fees.

Inflated fee structure

• In a centralized system there is always some hidden and unknown user
  fees attached to the main fee. This becomes worse when the user is paying through
  credit/debit card. In that case even the bank rates will apply.

Lack of concern for the drivers or the passengers

• There have been numerous incidents where the ridesharing companies
  withdrew their service from certain locations leaving many drivers in those particular
  locations without any jobs. This certainly impacts the commuting of passengers who
  depend on these ridesharing services.

Zero incentives for the drivers to stay

• The annual turn-over rate for the drivers in most of the ridesharing companies
  comes in between 40 to 50% and this could be before the drivers actually signed up.
  The ridesharing companies attract the drivers initially by advertising an hourly rate
  varying from $25 to $35 per hour, this is including the commission. However, in reality
  each driver gets an average rate of $10 to $20 per hour. The only thing that motivates
  the drivers are the bonuses received on completing their targets, most of the
  time these targets are completely unrealistic. Apart from that most of the drivers
  don’t see any incentive for them to make them stay.

Regular fare cuts

• Frequent wage revision and fare cuts do not affect anyone else in
  the organization except the drivers, their incomes are gravely reduced and they
  have to put in more effort to earn what they will earned prior to the fare cuts.

Faulty policies and zero transparency

• The organizational structure of a ridesharing company is designed specifically
  to maximize the driver’s work whereas the promoters and the company enjoy the
  lion’s share of benefits. This is because their platform is completely centralized, which
  means the company is in total control of the business operations and will come
  up with policies without consulting their drivers. Another concerning factor is the
  lack of transparency in the company’s user policies. The passenger in many
  scenarios are unable to get the trip fare details or how they were subjected to an
  expensive fare.

BITDRIVE IS DISRUPTING $36 BILLION RIDEHAILING INDUSTRY

BENEFITS FOR TOKEN HOLDERS

PROVEN DISRUPTION BY THE BLOCKCHAIN

• By investing and holding on to your Bitdrive token. not only are you taking a safe bet that will pay off in a big way, you are investing in a technology with a proven track record of disrupting big industries. With Bitdrive, Ridesharing will be turned on its head, and that’s a big plus for you.

TEAM TOKENS TO BE LOCKED FOR 2 YEARS

• Our goals are long term - to build a global decentralized RIDE SHARING PLATFORM. To prove this, Team tokens will be locked for 2 years.

TOKEN WITH REAL-WORLD VALUE

• The mission behind Bitdrive is to make the BTD token, as well as other crypto assets accepted on the platform, have real-world impact. Crypto currencies will continue to be ridiculed by legacy industries unless it can be seen to be having a relentless adoption rate. Bitdrive will crystallize this by making BTD THE ridesharing token opening huge potentials for value appreciation.

A DEDICATED TEAM

• Bitdrive is the creation of a dedicated team from all relevant industries, with a unified passion for stellar service delivery for those willing to pay for it. Ridesharing will be a better industry with Bitdrive, because it has a team that takes it, and your investment seriously.

THE INSURANCE OPTION

• Bitdrive will be the first Ridesharing platform in the world to have an effective inbuilt insurance mechanism, which will be decentralized.

A UNIQUE BUSINESS MODEL

• Bitdrive is a lean outfit that does not bear the baggage of the present ridesharing platform. We have no middlemen, payment gateways, or other wasteful practices and this means better returns for our investor

A STEEP GROWTH PROJECTION

• The global Ridesharing Market is only going one way which is up, and by 2030 this will be a $238 billion market. Bitdrive is not aiming for just a share of this cake but wants to disrupt and take away what other ridesharing companies has by providing a better service for the rider, fairer rewards for drivers, and a worthwhile investment option for you the token holder.

FIXED TOKEN SUPPLY

• With a fully functional token economy and a fixed number of Tokens in supply, investors stand to see their Tokens appreciate in value over time as the platform welcomes millions of users from all over the world. Bitdrive is set to redefine our very definition of long-term assets as there's only one way it's token value will go as it penetrates newer regions, and that way is up.

ZERO TRANSACTION FEES

• With Bitdrive, you no longer need to worry over unfair transaction fees charged by banks and the present ridesharing platforms. Bitdrive is unencumbered by banks and other middlemen, transactions are free, and happen in an instant across all borders of the world. Bitdrive is truly Unlimited!

BITDRIVE AUTOSURANCE

Bitdrive Autosurance is an effort of the Bitdrive platform to be there for you whenever the need arises, ridding you of worrying over those dreaded rainy days. Bitdrive Autosurance is our sincere effort to be by your side, our esteemed partner in success, not just in times when all seem to be going well but to have your back when things go awry.

TOKEN METRICS;

TOKEN VALUE

SOFT CAP
3,000,000 BTD

HARD CAP
500,000,000 BTD

UNSOLD TOKENS
TO BE BURNT

TEAM TOKENS TO BE
LOCKED FOR 2 YEARS

Token Sale
accepted currencies
Soft Cap
Hard Cap
Number of tokens to
be offered for ICO
ETH, BTC, LTC
3,000,000 USD
20,000,000 USO
50 % (Roughly 500 million)

ROADMAP;

To know more about BitDrive Platform,
You can visit the following;

Website - https://bitdrive.tech/
Whitepaper - https://bitdrive.tech/assets/pdf/whitepaper.pdf
Facebook - https://www.facebook.com/BitdriveInc
Twitter - https://twitter.com/bitdriveinc
Telegram - https://t.me/joinchat/Hl1YAAt7nRA1hxbbkLYnaA
ANN - https://bitcointalk.org/index.php?topic=4163776.new#new
Whitelist - https://bitdrive.tech/tokensale/signup

Written by;

Bitcointalk Profile - i7claufe
Bitcointalk Profile URL - https://bitcointalk.org/index.php?action=profile;u=1719874
ETH Address - 0xc38a4feFC0D2B94686F4E512952e8FB985FeA1B0