Redcab

RedCab – Technology and Cryptocurrency

The blockchain technology has additionally gotten into the transportation division, by offering a decentralized transportation plan on the RedCab arrange.What’s to come is positively here as no industry should be abandoned, as all need to misuse the types of progress the innovation can offer.

Key features of RedCab

The RedCab platform will be the first decentralized service through which passengers will be able to use the services of taxis or private drivers on the most favorable terms.

The decentralized RedCab platform allows balancing the needs of passengers and drivers due to the high quality of the services provided and low cost. Now a driver will not be obliged to pay a commission to a company-carrier, reaching up to 35%, for the alignment of logistics routes. A driver will be able to choose orders independently through the work of artificial intelligence, depending on their location. The project operates basing on blockchain technology, which will ensure the rapid performance of transactions.

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.

Problems solved by RedCab

Centralization: To date, within individual countries operates up to 5 different services, which occupy a large part of the entire transportation market. This allows them to dictate their own rules and conditions under which drivers work.

High commission: Driver services today take away from drivers from 10 to 40% of the profit received from the trip, which significantly increases the bar of payback of services and forms unhealthy competition in the market, depriving its new participants.

High cost of services: Due to the high Commission for drivers, the total cost of services for passengers is growing, which makes transportation simply unprofitable for customers.

The lack of a single market: Each country has its own community of carriers, which complicates transportation when moving from one state to another. Also, currency conflicts play a role in the payment of services.

Thus, RedCab will become a universal global platform that will meet the current needs of users and will make passenger transportation more convenient.

Tokens and RedCab ICO

Within the platform, ERC-20 tokens REDC will be used. With their help it will be possible to pay for transportation services, as well as receive awards in accordance with the protocols of Proof of Driving and Proof of Marketing.

Thus, RedCab project will increase the potential worldwide revenue in this industry by 60 million rubles by excluding intermediaries in the process of passenger transportation. Increasing the driver’s income, and motivating him to provide high-quality services, RedCab will bring passenger transportation to a new level. A convenient interface, fast transactions and profitable work for both parties will provide the project with a high rating. The investments attracted to the project will be mainly invested into the further development of the project (29%) and the marketing campaign (41%), the rest will be spent to cover expenses. The project was launched in early 2016, and currently has mobile versions in Google Play and App Store already running, and the project’s website is running as well. By 2021, the platform will start working in its full functionality with the ability to create RedCab Dapp. The team plans to open offices in Europe, Asia and North America.

ICO Distribution Overview

• 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

• Token Name: REDC

• Token Type: ERC20

• Exchange: 1 ETH = 2333 REDC

• Hard Cap: 24529 ETH

• Min Purchase: 0.1 ETH = 233 REDC

• What Exchanges will REDC be listed on? REDC will be listed on exchanges that are regulated and have proof of reserves, including the Korean, Japanese and other globally recognized major exchanges.

Tokens distribution

• 9% Team and Founders

• 3% Advisors

• 1% Bounty

• 7% Private Sale

• 15% Presale

• 25% Reserved for Proof-Of-Driving & Proof-of-Marketing token generation.

• 40% Crowd-sale Budget Allocation Overview

• 29% Product Development

• 41% Marketing, Acquisitions and Partnerships

• 13% Management & Advisory board

• 11% Admin and Operations