REDCAB - Introducing Advanced Technology Into The Transport Industry

cryptoforyou (35)in #ico • 6 years ago

Greetings to the whole community, I am passionate about the crypto coins and a follower of good projects. In this new publication I would like to present the Redcab project. I'm sure you've heard a lot about Blockchain, Bitcoin, Ethereum, Crytocurrencies, ICO ... but Redcab blockchain is the coolest, and for more details we're going to the following topics:

If we observe how society has evolved, from tribal societies we have moved to a different social structure in the modern world where people work in a specialized way and can do so in a global environment, from anywhere in the world due to the advent of technology and Internet.

ABOUT REDCAB

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.

PROBLEM FACED

While reading the project description then you may ask yourself? Do we need yet another car-hailing service? And the answer is definitely YES we need it, IF it is a progress for the industry.

Then you might ask yourself, WHY is RedCab a progress for the car-hailing industry?

To answer this question, we need to understand the problem, that currently the car-hailing service is a centralized system where the owner company is taking a cut from the fare. The cuts from the fare are varying between 20–40%. To resolve this, RedCab has removed the cut. The driver will get the full 100% of the fare.

Nevertheless the company will be able to make profit. The concept is resembling a social network website. Users are benefiting from a free service (in our case cut-free service), however the profit is made by mining and analyzing customer data and provide targeted/ personalized ads (Geo-Ads). This kind of ads will increase the conversion rate and reduce the marketing costs for the local advertisers. This way we have 4 stakeholders who are better off by using the RedCab Service. Passengers save money, drivers get higher profit, advertisers reduce marketing costs and get more conversions and RedCab company has a profit which will be used for further development and support of other blockchain startups.

The second problem which we currently observe in the market is the price variation that depends on the network load. Customers need to pay much higher prices during peak-hours. This situation seems to be a logical outcome which is based of the basic economic theory of supply and demand where the driver will get an incentive in fiat to accept more rides. Blockchain can help to reduce the price fluctuations by offering the driver an incentive in tokens.

SOLUTION

This is the basic idea of Proof-of-Driving: REDC tokens will be generated and distributed to the drivers. The token generation rate will be adjusted according to the load and the number of network participants. In Proof-of-Driving, we can observe the same basic economic concept of supply and demand transferred to the blockchain system. This way the customer will save money, and the driver will still have the incentive to accept more rides.

How does RedCab Solution work ?

RedCab is a decentralized transportation solution for individuals using Blockchain technology for efficient and cost-efficient transactions. On the other hand, increasing customer revenue and responsibility. Our business model is used to ensure that the process is lean and reliable, and programs are awarded our scores and prizes to ensure a loyal and productive community. In this case, RedCab LLC has successfully used this method to create the best pricing formula at no cost or high cost on holidays or Bad weather.

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

Join our team and buy your TOKENS Redcab now and enjoy the benefits offered by the most advantageous platform in the market. Do not waste any more time and join our Telegram group so that you can communicate with us and clarify any questions you may have. Do not miss this great opportunity offered by the Redcab project.

Take advantage of the available bonuses from the early stages of pre-sale. (ICO). Visit our WEBSITE so you can find out more about the benefits of this great project.