DRIFE Decentralized Platform

What is DRIFE
DRIFE is a decentralized ride-hailing platform powered by 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. Our ride-hailing platform has created 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. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-hailing platform 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.

Why DRIFE???
In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems. Despite the opportunities being accorded by the blockchain enterprise, adoption for most of these platforms is still out of reach because: “Not many real-world use cases have been fully disrupted”

Problems of Current Ride Hailing Platforms
The existing taxi aggregator firms have a very centralized system in place. These firms actively collect data from Commuters and drivers, which are fed to proprietary algorithms to find the best possible match. This model has worked exceedingly well with the firms penetrating more markets and customers receiving affordable rides. In turn, these models have helped in creating highly valued privately held corporations across the globe. But what people don’t realize is that it is also the perfect example of a centralized structure.

There are many problems with this infrastructure type, namely exploitation in the name of the commission, data breach and high level of government control to a central authority. Currently, there are a couple of major players operating at each geography and are engaging in price wars which results in a high burn rate of their investments. The ulterior motive of such endeavours is to create a monopoly or duopoly market in future where they can inflate the prices and commissions, with an iron hold over the governance.

Our Solution Ride Hailing on a Decentralized Blockchain
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. We are invested in blockchain not because it has so much hype. We believe in the blockchain because the future of the internet economy (internet 3.0) depends on it. And our platform is internet-dependent. A few platforms have attempted the development of ridesharing using the blockchain and while this is applauded, no single entity exists in the decentralized world with an allinclusive incentivized product for value creators of the ridehailing industry

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 ride-sharing 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.

Our Tokenomics
Drife token, DRF is a utility token that will also function as a currency within our platform. It will be used to execute ride payments, access loyalty rewards and staking functions on our platform.

• Blockchain type: EOS
• ICO Token Type: ETH ERC-20 Compliant Token
• Token symbol: DRF
• Total supply: 325 Million DRF tokens
• Economic model: 1-3% annual Inflation (depends on decision-making by the community)
• Whitelist: Yes
• KYC: Yes

About ICO
DRF tokens will be pegged at the value of $0.25 USD

• 50% of token supply in ICO for sale: 162,500,000 DRF
• Soft cap: 32,500,000 DRF (20%).
• Hard cap: 162,500,000 DRF (100%)

After the ICO these utility tokens are not just restricted for services but also sold on exchanges. The Driver and rider bonus tokens are to encourage loyalty from DRIFE customers, this will be distributed in form of free miles to the early adopter of DRIFE APP for commuting, and this is given to both rider and drivers for adding new people to their network.

ICO Tokens Details