The RedCab peer to peer decentralized transportation solution governed by smart contracts, which deploys blockchain technology and provides cost effective transactions. The core concept behind RedCab is providing a transport solution that gives the people the power to create their supply and demand. The redcab platform is uniquely structured such that by decentralizing the entire process in transportation system, customers, drivers and taxi firms would enjoy maximum benefits and profits respectively.
REDCAB BLOCKCHAIN TECHNOLOGY
The RedCab will be the first transportation company to make use of the blockchain technology. This technology will be the backbone of the business model, providing secured transactions and fast model. It will rely on two major pillars; Proof of Driving and proof of marketing. These are concepts introduced by RedCab in order to maintain constant demand and Supply. Drivers and customers will be able to generate REDC tokens in return for their contribution to the growth of RedCab.
In proof of driving, the driver mines more tokens when he drives customers as long as he has the app open and the GPS chip is counting miles driven. This will guarantee the supply which will save a lot of cost for the operation.
In proof of marketing, customers will get rewarded for referring the application to family and friends. As their network grows, they will be rewarded for every mile driven by their referrals for up to three levels.
Applying this concept will save 20% for drivers from their earnings and 20% will be saved for the customers.
TOKEN SALES
In order to maximise the REDCAB mobile app. Token buyers will be purchasing REDC Tokens.
Presale: 1st June 2018 at 00:00 GMT+2 – 21st June 2018 at 23:59 GMT+2
Main crowd sale: 22nd June 2018 at 00:00 GMT+2 to 15th October 2018 at 23:59 GMT+2
Accepted currency for token sale: Ethereum
Token name: REDC
Token type: ERC 20
Exchange: 1 ETH = 2333 REDC
Soft cap: 3,000 ETH
Hard Cap: 24,529 ETH
Min. Purchase: 0.1 ETH = 233.3 REDC
CONCLUSION: RedCab has a clear goal of contributing positively and aggressively for a better and well developed Blockchain environment. With The intensive research, systems that have been put in place and the use of technological advancement that have taken place in the blockchain, I am confident that the RedCab can deliver its promises. RedCab will be a very huge success not just now but in years to come. It will be an unregretable decisio to join the RED CAB ICO today.
For more information, on the REDCAB project and ICO please visit the essential links below :
Telegram: https://t.me/RedCab_ICO
LinkedIn: https://www.linkedin.com/company/redcab
Twitter: https://twitter.com/redcab_llc
Medium: https://medium.com/redcab
Facebook: https://facebook.com/redcabeg
Reddit: https://www.reddit.com/u/Redcab_io
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