DRIFE Bounty Campaign- Phase 2
DRIFE is a nexgen decentralized ride hailing platform
Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been hard efforts to implement blockchain on several aspects of global business processes, Blockchain technology has been described as having the potential to disrupt many industries at low cost. transactions, eternity, and enhanced security. In the following years, many other blockchain implementations have been developed with each showing unique features tailored to specific use cases.
Blockchain has made it possible to issue almost all assets through the distributed ledger framework. With the help of cryptocurrency tokens, these assets can be given economic value to start and validate some transactional processes. Several on-chain protocols have been developed by a number of startups and companies that were established to create blockchain-based solutions.
On this occasion I will provide interesting information, especially in the world of Cryptocurrency. This ICO platform related to the world of transportation called DRIFE is a nexgen decentralized ride hailing platform, Before the discussion, it's a good idea to read reviews that can help get information in seeing their vision and mission. Hopefully this information, of course, will give you a little insight and interest in getting involved with the DRIFE ICO Platform.
The transportation business is very potential considering the mobility of everyday people who need to move from one place to another. Therefore, it is not surprising if the world of transportation is always experiencing growth from time to time. We can see in the last few years the online transportation business has taken the attention of the public. Customers choose many online vehicles because of various advantages compared to conventional transportation. The cost is relatively cheaper, the tariff is transparent, easy to obtain because it can be obtained only with the Gadget application, can check prices at the beginning, and others.
The development of transportation modes does not stop there. Now we begin to have to see the presence of future technologies, namely blockchain technology. This technology is considered by many people, including national media as the future technology. This technology will now penetrate the world of transportation through a platform called DRIFE.
DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators within our ecosystem – these include the drivers, commuters, and community developers. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions. Our ride-hailing platform has created a new paradigm for the ride-hailing industry. We are the first platform in this niche to express the full features of the decentralized ride-hailing economy. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-hailing platform and solve the horde of issues that have emerged from the current model of centralized business. The growth of the platform not only contributes to the objective of DRIFE but also enhance the overall value provided to all the stakeholders concerned like driver’s income, commuters fare, cybersecurity and transparent governance.
In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems. Despite the opportunities being accorded by the blockchain enterprise, adoption for most of these platforms is still out of reach because:
“Not many real-world use cases have been fully disrupted”
Take a glance at the four major components of DRIFE that makes the project stand out.
No Commission
DRIFE aims at shifting the focus from the existing commission-based platforms to a decentralized network with a new economic model, where 100% of the fare paid by ‘commuter’ goes directly to the ‘Drivers’.
Incentivise Social Platform
DRIFE provides additional incentives to its network users contributing towards the platform’s betterment through social interaction and network building.
Governance
DRIFE believes in a democratic engagement of network participants towards financial and operational decision making for the platform.
Safety
DRIFE values the safety of the commuters and endeavours to carry out multiple security checks on the drivers before on-boarding and whilst in service. DRIFE also provides infrastructure for broadcasting Emergency SOS signals within the community to solicit help.
Built over the EOS Blockchain, our architecture leverages three unique properties of the parent chain:
Payment Processing Flow
DRIFE will allow payments via cash, cards, and DRF tokens. This gives the commuter access to different payment options and choice. For every trip, the fare is paid 100% directly to the driver and thus, ensures that DRIFE has no hidden cost, charges or commission. This 100% fare payment to the driver offers major cost benefits when compared to competing ride-hailing systems, and returns all revenue back to the community where it belongs.
DRIFE Token (DRF)
DRIFE tokens (DRF) are created and stored on the EOS blockchain for use by drivers and passengers. The use of tokens makes it easy for all users to process transactions and use transportation while at the same time getting additional benefits from using the platform. There will be various incentives in the future designed by DRIFE so that it attracts the attention of many people today.
Token details
- Token: DRIFE
- Symbol: DRF
- Blockchain type: EOS
- Token type: ERC20
- ICO Price: 1 DRF = 0.23 USD
- Softcap: 32,500,000 DRF
- Hardcap: 162,500,000 DRF
- ICO Date: 25/02/2019 - 31/05/2019
- Accepting: ETH
- White List / KYC: KYC
- Country: UK
Token Allocation Forecast
Distribution
Funding Allocation
Roadmap
Q1 - 2018
Platform Idea
The idea of Decentralized Taxi
Conversion of idea into Business Plan
Community Development
Q2 - 2018
Design
Website launch
Listing of Drife to EOS index & other EOS projects
Social media profiles
Q3 - 2018
Preparation
Listing Drife
DRIFE Technical Architecture on EOS Blockchain
Q4 - 2018
Phase -I Dapp
Released UI of Dapp
Participated in WBS Dubai
Participated in EOS Summit
Q1 - 2019
Phase-II Dapp
Alpha version of Dapp tested
Participated in Endless Dappathon
Q2- 2019
Phase -III Dapp
Driver and Rider app uploaded to test flight for Beta testing
Driver Acquisition
Q3 - 2019
Phase-I Launch
Drife to go live - Phase-I
Introduction of Staking,Subscription Model and Safety Features in Dapp
Q4 - 2019
Phase-II Launch
Drife to go live Phase-II
Introduction of Social Community, Unique ID and Governance
Q1 - 2020
Expansion
Growing Globally
Enhance Technology
Conclusion
In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems.
For More Information About DRIFE, Please Click the Link Below:
- Website: https://www.drife.one/
- Lightpaper: https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf
- Bounty: https://bitcointalk.org/index.php?topic=5127965.0
- ANN: https://bitcointalk.org/index.php?topic=5076512
- Facebook: https://www.facebook.com/drife.official
- Twitter: https://twitter.com/Drife_official
- Telegram: https://t.me/drife_official
- Reddit: https://www.reddit.com/user/Drife_Official
- Medium: https://medium.com/@drife_official
Author: Jampang Kupret
Profile: https://bitcointalk.org/index.php?action=profile;u=1573104
ETH: 0x0ECDd087aEc8bA725B8089fee939a4Bc9F3b6633