RedCab Solutions
The RedCab project aims to solve the current challenges faced by the problems and challenges faced by the transportation sector.
Some of the problems are: -
P1 — ‘Drivers and Riders’ — As the transportation cost increases, driver’s incomes are dwindling and costing the business more to retain the drivers.
P2 — ‘Business Model’ — The existing business model of transportation services which is based on high commission fees and variable trip fare as per demand and supply, conflicts with consumer’s experience and driver’s returns on investment.
P3 — ‘Market Expansion and Operations Cost’ — High cost involved in customer acquisition due to over dependency on marketing, promotions and discounts along with driver’s guaranteed earnings and bonus.
Solutions offered by RedCab are as follows: -
S1. ‘Win Win Situation’ — The zero commission scheme provides more savings for riders and higher savings for drivers.
S2. ‘Proof of Driving’ — RedCab will introduce an innovative solution based on the proof-of-work concept, build on the blockchain technology and powered by AI and smartphone GPS processor.
S3. ‘Shared Network’ — RedCab has introduced Red Network Dominance program to ensure market acquisition and penetration involving high supply and demand at low cost.
S4. ‘Unique Business Model’ — Through Transparent Commission Scheme, RedCab has unveiled a unique business model through which provides an excellent transportation service system and is capable of building a smart network while profiting from the exchange of data.
S5. ‘Proof of Marketing’ — RedCab has conceptualized a unique referral marketing program through which riders are provided an opportunity to earn tokens for referring their friends and family to RedCab. Thus as their RedCab network grows, their kitty also grows with tokens.
S6. ‘Cabbi” — The company (RedCab LLC) has introduced “Cabbi®” the first personal road trip assistant. “Cabbi®” is based on the neural network technology, which will help in tracking daily trips, meetings, visits and events.
Services Offered by RedCab
Car Hailing
Car Pooling
Hotel and Airport Transportation
Delivery Service
Pick-up Service
RedCab (REDC) TOKENS
The RedCab (REDC) Token will be the utility token used on the RedCabecosystem. The RedCab ecosystem will be hosted on the Ethereum Blockchain Network and the RedCab (REDC) tokens will be ERC-20 compatible tokens.
The total number of REDC tokens to be issued will be limited to 100 Million tokens to avoid the risk of inflation (i.e. by keeping the REDC token count scarce and limited). The price per REDC token is fixed at 1 ETH = 2333 REDC.
ICO Details
• Soft Cap: 2143 ETH
• Hard Cap: 24529 ETH
• Min Purchase: 0.1 ETH = 233.3 REDC
Pre-ICO Sale Phase: -
The Pre-ICO phase will start on 1st Jun 2018, 00:00 GMT and would end on 21st Jun 2018, 23:59 GMT. 15% bonus will be provided to early bird investors till the target is target or the phase ends.
Main Sale Phase: -
The token main sale will start on 22nd Jun 2018, 00:00 GMT and would commence on 15th Aug 2018, 23:59 GMT