Cryder | The Decentalized Uber | Facts Over Opinions

Facts
Over
Opinions

Cryder
https://www.cryder.io/

*All facts not annotated have been derived from Cryder’s whitepaper
*All opinions come below the facts, feel free to ignore

Overview

1. The decentralized Uber.
2. 100% free to use, 0% commission to the house (there is no house).
3. No fixed prices, rather a bidding game between users.
   a. Rider sets pick up and drop off location.
   b. Drivers bid prices for the trip.
   c. Rider selects offer and accepts the trip.
   d. Funds are stored in smart contracts until the destination is met.
4. Goal is to be cheap and easy, not ultra-high quality.
   a. Price users are willing to pay will determine the quality of the ride

• Op 1.

1. No requirements for participants.
   a. Any car can participate regardless of its model year or condition.
   b. Any person can participate. No background checks for drivers.
2. Riders will not see the drivers name, gender, or car displayed on the app.
3. Drivers will not see the riders name or gender on the app.
4. Open source.
5. Run on top of the Ethereum blockchain.
6. Whisper protocol used to create free, non-traceable transactions.
   VS Uber
7. No centralized price surges during peak times.

• Op 2 & 3.

1. No market instability based on laws and regulations in different countries
   a. Uber was sued 50 times in 2015.
2. Uber continues to increase its commission, currently up to 25%, and in some places 30%.

Security

1. No information is collected and stored on centralized servers, including but not limited to your card information, your route information, or your travel destinations.

• Op 4.

As a Driver

1. No commission.
2. No hidden fees, licensing, uniforms, stickers.
3. No minimum commitment.
4. No software usage fees.

Tokens (CDT)

1. 450,000,000 will be minted for sale.
2. ALL unsold tokens will be burned.
   a. Presale: Oct 20 - Nov 3 | 50,000,000 at 9,000/eth
   - Day 1 bonus 20%
   - Day 2 bonus 15%
   - Day 3 bonus 10%
   b. Token sale: Jan ‘18 – Jan ‘18 | 400,000,000 at 3,000/eth
3. At the time of writing this article the current price of eth is $310 USD
   Pre = (50m/9k)310 = $1,722,222.
   Token = (400m/3k)310 = $41,333,333.
   Total evaluation = 43m.

Overall

-Facts –

1. Simple, easy to use.
2. Free market place.
3. No traces left behind.
4. 0% commission.
5. Trust through distrust.
6. Opens the market to all cars and drivers.
7. No personal information stored on centralized servers

-Opinions –

1. Sometimes it’s nice to have a quality driver that I know has a clean car no older than 7 years and a traceable service. Sometimes, personally most times, I just want a cheap ride. As a 26 year old male who doesn’t carry expensive belongings, I feel quite safe getting into a strangers car in my hometown. This will not be the case for most women, elderly, and young adults. The familiarity of the location will greatly bias one’s trust for this system. If you are in a new town, it will be more difficult to take a leap of faith rather than a town or city you know. If you are willing to pay more for security, then you can take Uber. The goal of this app is cheap and easy. I see a niche, not a takeover of Uber, Lyft, or other taxi services.

2. A free and transparent market will play itself out and determine fair prices. Trust the free market.

3. Cryder is a system free from algorithm manipulation which can affect surge pricing based off groups of Uber drivers banning together.

4. Trading protection for anonymity - One of the reasons people began to trust Uber was because the route information was stored online. If a rider didn’t bring you to your destination, Uber would be able to track them – thus providing a strong level of security and comfort to new users. I remember my mother was terrified of getting into a random person’s car (the first time I told her about Uber), the fact that Uber headquarters watches her trip and the driver the whole time quickly calmed her nerves.

5. Lots of possibilities for foreign countries where there is no ride share options due to laws and regulations. Citizens in these countries could quickly adopt a program like Cryder.

6. There is strong potential for adoption during peak times for Uber and Lyft. If the consumers demand lower prices during these times, then drivers will succumb.

7. A lot of kids don’t have cars that qualify for Uber, especially as that date continues to roll (no older than seven years). If you drove Uber for the last couple of years and now your car is too old, you may switch to Cryder to maintain your lifestyle without having to purchase a new vehicle.

8. Bad publicity could kill this app very quickly. One abduction while using this app could bring regulations against it. Unfortunately, in the world we live in today, this should be a major concern.

9. Overall, I like this idea and will absolutely give the app a try when it’s out, given the right circumstances. I will not delete my Uber app, but depending on the service that I get using Cryder, it may become a main stay.

Normal Disclaimer This is not investment advice I do not work for Cryder

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