The market for passenger transportation is now very saturated. Due to the high competition in this industry, carrier companies focus on quality of services and low cost in order to attract and retain customers. Low cost motivates passengers when choosing a carrier, but not a driver, since the price reduction affects, first of all, the decline in income. In this situation, a driver lacks motivation to improve the quality of services, which leads to the appearance of dissatisfied customers. RedCab is able to solve this issue, which offers high level of income to drivers and low cost to passengers due to excluding intermediaries. The global coverage of the transportation market will allow using one service regardless the current location of a passenger.
RedCab was founded by mid of 2016 to reinvent the peer-to-peer transportation solutions by solving a real problem through understanding the root causes of riders’ and drivers’ actual needs, and deliver an innovative solution governed by customer experience. RedCab gives the chance for everybody to freelance as integrated service providers working on peer-to-peer scale, while taxi companies operate as an aggregated professional service provider.
Their business model is designed to deliver 100% of the benefits to users versus 100% earnings to drivers and taxi companies through decentralizing the whole process. The performance matrix and rewards program for drivers is designed to ensure that every single ride gets the highest quality from a customer experience standpoint, while a psychological factor is subtly implemented to govern the customer satisfaction part, and processes are in place to ensure safety of both parties.
How RedCab Works
RedCab is a decentralizing the transportation solution for individuals by utilizing Blockchain technologies for cost efficient and secure transactions. On the other hand, saving billions of dollars from transportation commission to be rewarded back to the ecosystem ensuring sustainability and business continuity through cutting edge technology, performance management and customer loyalty. their business model is designed to ensure smooth market penetration through lean and reliable processes, and their scoring and reward program ensures loyal and productive community. With the variation in fare calculation from one country to another and even from one city to another, RedCab LLC has managed to keep the tool flexible to amend the best pricing formula without surge price or high cost fare in holidays or bad weather.
Key features of RedCab
The decentralized RedCab platform allows balancing the needs of passengers and drivers due to the high quality of the services provided and low cost. Now a driver will not be obliged to pay a commission to a company-carrier, reaching up to 35%, for the alignment of logistics routes. A driver will be able to choose orders independently through the work of artificial intelligence, depending on their location. The project operates basing on blockchain technology, which will ensure the rapid performance of transactions.
What is Cabbi?
Cabbi the first personal road trip assistant. Based on neural network technology, Cabbi will help you with your daily trips, visits, meetings and events. Cabbi will be introduced with multiple avatars matching your personal look and feel for more emotional engagement and personalization. Cabbi is not only a customer road pal but also a driver’s best friend who always has his back with next trip locations, trip ratings, emergencies, wallet transfers, token generation advice and price alerts.
They has spent enough time understanding customers’ needs to customize not only a stylish trip or transportation from point A to point B, but a comfortable, safe and affordable solution, that caters for everyone’s need. From business to family and from an individual to groups, RedCab LLC managed to categorize car models according to needs, without a limitation to a particular segment and to ensure all travel demands are covered
Not only that here is how redcab useful to customors and drivers
Customers :
- Less waiting time to start your trip.
- Free trips with higher usage.
- Multiple options to match your trip style.
- More earnings through referral program
- Earning tokens through Proof-of-Marketing.
- Lower price fare and high savings.
Drivers :
- Extra earnings and profits.
- More rides per hour for more flexible working hours.
- Multi options of transportation services.
- Earning Tokens through Proof-of-driving.
Conclusion : They do have a good team behind them, and the financial aspect of the ICO is straightforward enough, so it all comes back to their ability to get people onto redcab in the first place REDCAB project looks very advanced but is quite in early stages at the moment . It could turn out to be one of the most promising projects of 2018 and 2019.
RedCab cryptocurrency
To perform calculations on the platform, REDC tokens, implemented on the basis of Ethereum according to the ERC-20 standard, are used. You can buy 2,333 REDC for 1 ETH. The minimum investment amount is 0.1 ETH. Of all the released tokens, 62% are allocated to the crowdsale. The project's hardcap is 24,529 ETH. Until August 15, the project is at the stage of the main crowdsale.
Accepted currency: EthereumThe name of the token: REDCThe token type: ERC20The cost of a token: 1 ETH = 2333 REDCHard Cap: 24529 ETHMinimum investment amount: 0.1 ETH = 233 REDC
Summary
Thus, RedCab project will increase the potential worldwide revenue in this industry by 60 million rubles by excluding intermediaries in the process of passenger transportation. Increasing the driver's income, and motivating him to provide high-quality services, RedCab will bring passenger transportation to a new level. A convenient interface, fast transactions and profitable work for both parties will provide the project with a high rating. The investments attracted to the project will be mainly invested into the further development of the project (29%) and the marketing campaign (41%), the rest will be spent to cover expenses.
The project was launched in early 2016, and currently has mobile versions in Google Play and App Store already running, and the project's website is running as well. By 2021, the platform will start working in its full functionality with the ability to create RedCab Dapp. The team plans to open offices in Europe, Asia and North America.
The information I provide is only a small part of this Project. You can visit them by visiting the Website and other official sites, following the official list of Websites etc from this project
WEBSITE: https://redcab.io/
WHITEPAPER: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf
TWITTER: https://twitter.com/redcab_llc
FACEBOOK: https://facebook.com/redcabeg
TELEGRAM : https://t.me/redcab_ICO
LINKEDIN: https://www.linkedin.com/company/redcab
MEDIUM: https://medium.com/redcab
REDDIT: https://www.reddit.com/u/ Redcab_io
Link BTT : https://bitcointalk.org/index.php?action=profile;u=1723984
ETH : 0x5C96D81b6892a57DD662394D4becF9cDD5240428
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