The ride-hailing business has seen significant growth with its current market valuation of about USD 36 billion over the years but its growth has been destabilized by certain issues that cannot be easily ignored. The centralized system makes it difficult for drivers to earn any meaningful income for themselves and families. There is also the breach of drivers’ and riders’ personal data by ride-hailing companies on their platform to enable them manipulate the price of rides. Furthermore, riders were promised less cost on rides but as the years wore on, the price has continued to increase.
DRIFE is a decentralized platform created with the sole purpose of giving value to drivers’ services and quality rides for the riders. They also aim to eliminate transaction fees, reduce interference, enhance transparency and redistribute value back to the community. They plan on doing this by initiating a true zero commission platform where drivers earn what they actually paid for. In addition, drivers are provided with the option of offering a price for a ride while riders choose the drivers they wish to ride with depending on the rates offered. Moreover, both drivers and riders earn rewards for their activeness on the platform and also by referrals. The bigger the network becomes, the more incentives one can get.
DRIFE TOKEN INFORMATION
The DRF token is a utility token based on the Ethereum ERC-20 compliant token on the EOS blockchain platform. The project will organize an IEO where the total supply of tokens for sale is 325 million DRF tokens while 162,500,000 will be available to the public at the token price of $0.25. At the end of the year, unused tokens will be self-destroyed to avoid excess flow of tokens in the economy.
TOKEN ALLOCATION
Public sale – 50%
Founder – 10%
Private sale – 10%
Social incentive – 10%
Referral/Rewards/Bonuses- 5%
Team vesting – 5%
Development- 5%
Bounty & airdrop- 3%
Advisory- 2%
FUND DISTRIBUTION
Product development- 30%
Marketing – 25%
Operations & office- 25%
Legal- 15%
Reserve- 5%
ROADMAP
2018 Q1-Q2: Idea of decentralized taxi, conversion of idea into full fledged business plan, company formation
2018 Q3-Q4: DRIFE Technical Architecture on EOS Blockchain
2019 Q1-Q2: Demo version of Dapp and testing of MVP
2019 Q3-Q4- Alpha version Dapp and Pilot run
2020 Q1: Beta version of Dapp Drife to go live- Phase 1
2020 Q2: Drife to go live Phase 2
2020 Q3: Drife to go live Phase 3
2020 Q4: Expansion and development
TEAM MEMBERS
Firdosh sheikh: co-founder and ceo
Surya ranjith: co-founder and cfo
Wadad kafka: chief evangelist
Mudit marda: lead blockchain developer
Max gravit: lead blockchain developer
Rakesh: mobile app developer
Debraj ghosh: it infra consultant
Abhilash verkey: marketing and research
Emmanuel o. olumide: content, pr
Sayed adl nawaz: ui/ux designer
Samarth jain: legal & compliance
The DRIFE platform is a one of a kind project; the first of its kind. Everyone benefits from this project. Join now and earn more. For more details on the project please refer to the following links:
WEBSITE: https://www.drife.one/
ANN THREAD: https://bitcointalk.org/index.php?topic=5076512
WHITEPAPER: https://www.drife.one/docs/DRIFE-WhitePaper.pdf
TWITTER: https://twitter.com/Drife_official
FACEBOOK: https://www.facebook.com/drife.official
MEDIUM: https://medium.com/@drife_official
TELEGRAM: https://t.me/Drife_officialchat
Author: thankyoulord
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2076086
Wallet address: 0x2859DD117e5E186B2dec97b50012C66D0E7597Ad