RedCab - Decentralized Global Transportation Platform

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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.

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.

Advantages of RedCab project

The annual demand for transport services reaches $230 billion, and therefore we can conclude that the project has great potential. The business model of the project is built on the payment of a monthly subscription for work on the platform. All transactions take place within the platform with a zero commission, increasing the earning opportunities for a driver as his activity increases.
The project has own GPS system, which, depending on the location of a driver, provides the most cost-effective orders, taking into account the minimum time and distance between orders. The information is consolidated with the use of Red Network Dominance program, which supports the supply and demand for transportation services.
Users also can earn through RedCab due to the referral program. To receive income in this area, it is necessary to fulfill a list of project conditions for posting information on their account on social network, including a link to the project. Once a new member is registered on the project by reference, the referral automatically receives a reward.
To provide drivers with 24/7 support on a platform, the robot assistant Cabbi works, informing drivers about technical works on roads and jams with the generation of a convenient bypass. Cabbi always tells the location of the nearest gas station with the most optimal price.
Every real passenger and driver will be able to leave feedback on cooperation after a transaction is completed.

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.

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.

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Author: https://bitcointalk.org/index.php?action=profile;u=2250793

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