DRIFE-NEXGEN RIDE HAILING PLATFORM

About the project

DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators and extractors within our ecosystem – these include the drivers, Commuters, and developers community. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions

Background

It was in 2009 that the traditional taxi industry got disrupted by a company called Uber. It was an innovative idea of connecting the passengers and drivers through a platform. During the following years, other companies appeared in countries like Ola in India, Didi in China, Grab in Singapore, Careem in Dubai and so on.

What will DRIFE Solve?

The problem, is that existing models lack many of the functions that DRIFEwill incorporate within our platform. For example:

Problem — Cost: The main aim of any rid-sharing organization is to create long term loyal customers. For a long time, prices have been surging and currently up to 25 percent commission can be charged by a taxi service. Passengers and drivers have been searching for alternatives.

Solution

Using blockchain technology DRIFE will create a fully transparent auditable and immutable ledger of transactions with a friendly user interface to access all the data of fare payment details.

Problem — Bad Service: A good reputation is essential for a company to survive and in this industry, passenger safety is the most important aspect. There have been incident reports where actual physical abuse has taken place by both the driver and passenger.

Solution

All DRIFE customers will be able to view full driver details including comments and feedback by other passengers. All the comments and journey experience will be stored n the distributed ledger. The DRIFE mobile app will incorporate a unique ‘SOS’ call function for emergency any situations.

Problem — A Centralized service: Apart from a high level of government control, there are other problems associated with a fully centralized service of this nature. These include exploitation of commission charges and personal data breeches also with the risk of identity theft.

Solution

DRIFE addresses these problems with a unique system where driver income, the passenger’s fare and the total commission is transparently stored. Within our own governance, we will ensure that the latest cyber-security systems are in place to protect our customer data.

The DRIFE Token (DRF)

The DRIFE token (DRF) will be issued and stored on the EOS blockchain and it will be used on the platform by both drivers and passengers. Using the token will enable ease of use, proof of ride purchase with proof of agreed costs and will also add extra value for those using the DRIFE platform. For example, both the driver and rider can earn bonus tokens. This will be distributed in the form of free miles for early adopters of the DRIFECommuting APP . The driver will earn bonus tokens for adding new people to their network. The DRIFE bonus token system will encourage loyalty from both drivers and customers. More future incentives are possible and we will always consider community rewards.

When the ICO sale is complete, the DRIFE utility tokens will not be just restricted for services but will also be available for trading on exchanges.

Token Metrics

DRF tokens will be pegged at the value of $0.25 USD and 50% of the token supply from ICO for sale will be 162,500,000 DRF

Token Allocation

Overall, 325,000,000 tokens will be released and the hard cap of the tokens for sale is 60%.

The remaining 50% of total emitted tokens will be divided amongst the Private sale (10%) Social Incentive (10%), Development pool (5%), Team members (5%) founder (10%), bounties and Airdrop (3%), Referral, Rewards and Bonus-5% and Advisory (2%)

The token sale will have three stages

Stage 1

Presale: Discount Rate-20% — Total No. of DRF to be sold => 32.5 Million

Stage 2

Main ICO I: Discount Rate-15% — Total No. of DRF to be sold => 65 Million

Stage 3

Main ICO II: Discount Rate-10% — Total No. of DRF to be sold => 65 Million

Soft cap: 32,500,000 DRF (20%). Hard cap: 162,500,000 DRF (100%)

The main ICO sale is due to start on January 1st 2019 where there will be a 15% bonus incentive. However, investors will have the opportunity of taking part in the pre-sale due to start on December 20th 2018 where there will be a fantastic 20% bonus on offer.

for more visit please contact the links below:

Website:http://drife.one/

Telegram:https://t.me/drife_official

Twitter:https://twitter.com/Drife_official

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1460674