RedCab - Transportation service into a new level

Overview

RedCab is an already existing company with an innovative business model in the transportation service area. Before introducing this innovative solution, they have spent 1 complete year doing researches to understand the market needs, assessing market gaps and understanding the necessities of the passengers and the drivers. During that year, they have identified the problems and weak points in the current industry and they have come up with the solutions that make both riders and the drivers satisfied.

Disadvantages of the current system

All current transportations services run as centralized businesses. That will make negative effects for both passengers and the taxi drivers. The main disadvantage of being centralized is the high commission that is charged by the companies from the drivers. This will affect both passengers and the drivers in many ways. Due to this reason, the drivers will discourage to come into the field and the passengers will have to pay more fees for the service. That will make them unsatisfied with the service. As the drivers can’t earn more, they may not try to offer a high-quality service to the passengers.

Solutions with RedCab

Understanding all these problems the RedCab has come into the field with lots of innovative solutions. This is the first decentralized this kind service. Being decentralized, it will able to solve almost all the problems that the current system is having. They use the BlockChain technology and the smart contracts to achieve all these goals. RedCab reduces the fees and it will offer the lowest price for the customers and the drivers. Here at RedCab, they build the community and the community builds the business.

RedCab offers a mobile app and the first beta version of the mobile app of RedCab went live in 2017 in both Google play store for Android devices and the App Store for iOS and they have launched the service in a small area by the Red Sea for the experimental purposes.

Purpose of the Token sale

The main purpose of the tokens sale of the RedCab is to transform our business solution into a decentralized ecosystem from a centralized version that enables the access to the people all over the worlds and reduces the fees in transportation services for users. The RedCab token is based on Ethereum platform and it is an ERC20 standard token comes with the symbol REDC. This REDC token uses to enable the access to the platform of the users. After the token sale event, no more REDC tokens will be created. In ICO stage you can buy 2333 REDC tokens per 1 ETH you spent.

Below image shows the progress of the token sale

Team

Having a vastly experienced team is a Bless for a project. When considering the team members of RedCab, with highly experienced, professional and talented team members the possibilities are endless. Below image shows the team members of the RedCab.

Team Members

Advisors

Media and Community

A growth community will help to spread the word about the project to the world. The telegram group of the RedCab consists of more than 20K members and the official Twitter page is being followed by 14.5K followers. They keep updating their social media regularly and that will be a good sign about the project.

The final word

RedCab has seen the massive possibility in the industry and the rising demand in the all major cities for the business with the future growth expectations to reach $285 billion by 2030. By cutting down the role of the middleman of the business, RedCab hopes to save $60 billion annually. Even only this reason will help to gain the more attraction of the users this project. Finally, with the help of the BlockChain technology and the smart contracts, RedCab will able to bring the transportation service all around the world to a new level.