DRIFE is a decentralized ride-hailing platform review



Greetings to you, dear readers of my blog! In this review I present to you an ICO-project.  DRIFE , 
I will tell about everything in detail in this article.

DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering both, the drivers and commuters.

What is DRIFE?

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

What we’ve created in the DRIFE ecosystem is a new paradigm for the ride-hailing industry. We are the first platform in this niche to express the full features of the decentralized ride-hailing economy.

DRIFE Ecosystem: Value Creators & Extractors

At the core of our ecosystem are our value creators (Drivers) and extractors (Riders) - we take good care of them:

A. Drivers: DRIFE aims at shifting the focus from the existing commission-based platforms to a decentralized network with a new economic model, where 100% of the fare paid by 'Rider' goes directly to the 'Driver’. We at DRIFE are determined to make an economy of Zero commission on rides, only annual Membership Fee from the driver which will give them access to DRIFE platform to get connected with the riders

The platform fee can be paid in either DRIFE token or Fiat currency and will accrue annually, with the first year Membership Fee paid by the drivers acting as a security deposit. Drivers will be given equivalent DRIFE tokens, which is locked into the DRIFE platform as long as the Driver remains in the community. Anytime the driver wants to exit from the community, they will be free to liquidate their DRIFE token for themselves.

The second-year membership fee will give drivers access to DRIFE platform only with no DRF token equivalent given. Funds collected through membership fee will be used for pay day to day expenses to run the platform.

B. Riders: passengers receive special exclusive discounts (T&C applies) when DRIFE tokens are used to make payments for trips. Further, as incentives and bonuses when they behave appropriately during rides. More so, feedbacks on the driver, trips, overall DRIFE platform use, and network building are incentivized through the DRIFE token.

Other key participants in our ecosystem:

C. Developers: a community of open-source developers are incentivized through bug bounties and for other potentially creative in-app developments that will user experience through UI interaction for both riders and drivers.

D. Investors: it’s our desire that our product will have an indirect impact on adopters ‘outside’ our user ecosystem. This will include long-term investors, traders on both decentralized and centralized exchanges and all future potentials the DRIFE token will have as a result of interaction with our product and is adoptability. Incentives here will involve periodic airdrops, selfdrops, and air grabs. More so, staking rewards are competitive and far beneficial than what is currently obtainable on other decentralized projects.

In summary, our economic model encourages active participation from the community members towards the building and maintenance of the ecosystem.

Applying Blockchain technology in the local transportation or taxi industry is only a continuation of an evolution that has gone on for centuries. Everything is processed through dApps using smart contracts to establish trustlessness and each transaction becomes a part of the blockchain – an immutable record.

Decentralized Platform

Decentralization aims at shifting the focus from a central authority to the driver partners. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ridesharing scenario and solve the horde of issues that have emerged from the current model of centralized business. The growth of the platform not only contributes to the objective of DRIFE but also enhance the overall value provided to all the stakeholders concerned like driver's income, rider's fare, cybersecurity and transparent governance.

ICO Details

Pre-ICO token supply: 32,500,000
ICO token supply: 130,000,000

Legal

ICO Platform: Ethereum
Country limitations: United States
Office address: 63 – 66, Hatton Garden, Fifth Floor Suite 23, London, EC1N 8LE 
Ward No 13, Church Road, PO Nandini, Dhamdha, Durg, Chhattisgarh-490036

Token info

Ticker: DRF
Type: Utility-token
Token price in USD: 1 DRF = 0.25 USD
Accepted currencies: ETH
Bonus program:
Pre-ICO - 20%
ICO 1st month - 15% 
ICO 2nd month - 10%
Token distribution:
50% - public sale 
10% - private sale 
10% - founders 
10% - social incentives 
5% - team vesting 
5% - referral and rewards 
5% - development 
3% - bounty and airdrops
2% - advisory
Funds allocation:
30% - product development 
25% - marketing 
25% - operations and offices 
15% - legal 
5% - reserve

DRIFE Roadmap

1

Q1 - 2018

Platform Idea.
The idea of Decentralized Taxi.
Conversion of idea into Business Plan.
Community Development.

2

Q2 - 2018

Design.
Website launch.
Listing of Drife to EOS index & other EOS projects.
Social media profiles.

3

Q3 - 2018

Preparation.
Listing Drife.
DRIFE Technical Architecture on EOS Blockchain.

4

Q4 - 2018

CO Preperation.
Pre-sale.
Demo version of Dapp.
Drife campaign.

5

Q1 - 2019

Pre Launch & Exchange Listing.
Beta version of Dapp & Drife launch.
Exchange Listings.

6

Q2- 2019

Launch.
Drife to go live - Phase 1.

7

Q3 - 2019

Phase 2 Launch.
Drife to go live - Phase 2.

8

Q4 - 2019

Phase 3 Launch.
Drife to go live Phase 3.

9

Q1 - 2020

Expansion.
Growing Globally.
Enhance Technology.

Project team

Team is a good mix of experts from different fields.

There are experts in business administration and mechanical engineering as well as software development and finance.

All important employees can look back on a long and successful career and bring the necessary experience to the company.



Firdosh Sheikh

Co-Founder & CEO


Debraj Ghosh

IT Infra Consultant


Mudit Marda

Lead Blockchain Developer


Rakesh Sahu

IOS Developer


Samarth jain

Legal & Compliance


Syed Adil Nawaz

Product Designer


Abhilash Verkey

Marketing & Research


Emmanuel O. Olumide

Content & PR


Firdosh Sheikh

Co-Founder & CEO


Arpit Sharma

Chief Operating Officer


Advisors

Giovanni Casagrande

Board Advisor


Mickael Dammour

Advisor


Shameer Thaha

Advisor


Rick Floyd

Advisor


Savio Gomez




Conclusion:-

Project solves the costly and costly problem. The platform is a prime example of the meaningful use of smart contracts and is therefore absolutely groundbreaking for the future. With their experienced team and a very good vision, this is a serious project with great prospects of success.


About the author: Pradeep

Pradeep is the top author and co-founder of ATGNEWS.COM His background counts over  4+ years of experience in the blockchain industry. Pradeep has passion for cryptocurrencies, ICOs, tech revolution, and is standing for honesty across media.
Bitcointalk username: p_managave

Pls. fallow me on
Reddit https://www.reddit.com/user/managavep
Telegram channel :.  HTTPS://t.me/airdropalerts2
Medium :-.  https://medium.com/@p.managave
Twitter.    https://twitter.com/p_managave
https://bitcointalk.org/index.php?action=profile;u=1852779
Https://www.steemit.com/managavep
Visit us on https://www.atgnews.com for latest cryptocurrency news, airdrop, bounty program
My ether wallet address
0x9Fc911D0378fEd94F4b8389174e1BBb674e61ef1

***Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk***


Post a Comment

0 Comments