Bayride;TheUberization of Blockchain-Based Transportation Digital Currency With It’s IEO on P2PB2B Platform
Presentation
A cab company, ridenode has now become the same with the public taxi system because the portals is almost in all the countries of the world. From transforming the rental cab to the personal cab, carpool, bike rides, and luxury cab services, ridenode is offering every possible yield system to lure their customers!
But the current ecosystem has many linkage due to the centralized approach to manage the business operations. Like other industries, blockchain is ready to bring disruption to and other cab service platforms.
With the maximum dispense of smartphone and internet connectivity, the on-demand transportation industry is expecting to grow enormously 2030. In USA alone, more than 5 billion rides were completed in 2017. Users of taxi services are supposed to get increased to 500 million users by 2021.
Despite the high demand for cab services, there are countless problems with the existing platforms. Therefore, creating a decentralized platform for drivers and riders can help both the parties to connect with each other without requiring mediators.
BRIEF ABOUT RIDENODE
Ridenode acts as a centralized clearinghouse to connect drivers with riders in need of the cab services. The user experiences of platform might look decentralized as it seems like you connect directly with the drivers. However, the entire infrastructure including software and servers and the mechanism for making transactions are managed by the platform
The Uber ecosystem works as follows:
Riders submit the ride request on Uber’s app and the company receives that request.
Following the user’s request, a vehicle and driver is assigned to the rider.
Riders complete the ride and they send payment to the company.
Uber sends money to the driver by cutting a specific percentage of the amount as the commission fees.
Therefore, we need a decentralized approach to overcome the above pain points in the current platforms.
Imagine you want to book a cab from Irvine to Los Angeles and you can directly find the drivers going in the same direction without the involvement of cab companies. What if it becomes possible for the riders to see on what basis the ride pricing has been fixed. Blockchain can make this happen by bringing more transparency and efficiency to the system. Read further to understand how.
PROBLEMS ENCOUNTERED BY THIS PLATFORM
High fees due to intermediaries
As of now, when riders book the cab, the notification is first sent to the company and then the driver is allocated for a specific ride. The cab companies charge 10-20 percent of the total ride’s pricing, costing high to the customers.
Therefore, the involvement of intermediaries between a driver and a rider may result in the additional costs.
Lack of Transparency
Also, due to the lack of transparency in the current ecosystem, it is impossible for the riders to understand how companies function.
If you have ever used cab services, you must have come across a problem of surge pricing. Riders don’t have a clear understanding of the reason behind the sudden price rise because of the unknown company’s functions.
Lack of Safety Standards
One of the significant issues faced by cab companies currently is to take care of the safety of both rider and driver. Taxi organizations are spending millions of dollars on verifying the users, but despite their efforts, incidents of fraudulent identities and crime are still touching the skies.
“Safety Over Profits” Corporate Policy
BayRide Inc. is an innovative and groundbreaking technology services company that seeks to eliminate antiquated market competitors especially in the ride-hailing industry by first making sure the drivers are paid exactly what they are owed and that passengers are safe and secure from any kind of dangers during their rides. Hence, BayRide Inc. has deployed a 0% Commission structure for drivers.
BayRide Mobile Application and RideNode’s™ Blockchain Technology
BayRide Inc.’s main technology will be its Native Mobile Application technology for both IOS and Android operating systems. This mobile application will be welcomed with open arms in the markets by virtually every end-user because of “letting the markets decide” approach. Every end-user will benefit and stand to gain due to the decentralized structure of this technology, the Blockchain based apparatus. Therefore, the organization will immediately stand out in the market by being The First Technologies Provider Firm to truly implement a Decentralized Platform for the Ride-hailing, Executive Protection, Bodily Security and Courier Industries.
Current State of Affairs in the Blockchain Technologies Industry
From 2015 to 2017 investors across the globe witnessed the blockchain industry grow 800% in terms of initial coin offerings. Contrary to what many believe, an initial coin offering, also known as ICO, is not the same as an Initial Public Offering, or an IPO. In an IPO setting, investors pay the corporation’s board of directors, investors, and management for a slice of equity either in the form of preferred or common stock.
IEO Campaigns
Token Development and IEO Marketing.
Best Token Practices
Legal governance, risk management, and compliance.
Unique Size of Market
Starting at the end of 2019, RIDE can be utilized for many purposes.
Operational platform
Decentralized Platform for Tokens and Smart Contracts.
The RideNode™ IEO at p2pb2b will consist of selling 10 billion tokens in 4 sessions of 2.5 billion each
You can buy tokens via BTC, ETH, USD, USDT
session 1 — Nov 22 — Dec 06, 2019
session 2 — Dec 20, 2019 — Jan 03, 2020
session 3 — Jan 10, 2020 — Jan 24, 2020
session 4 — Jan 31, 2020 — Feb 14, 2020
Token Info
Current RIDE price in USD: 0.05
Tokens on sale: 10000000000
Soft Cap (USD): 5000000
Hard Cap (USD): 500000000
IEO on p2pb2b
Token name: Ride Node
Ticker Symbol: RIDE
Token Type: ERC20
Tokens on sale: 10000000000
Token Price: 1 RIDE = $0.05 USD
Accepted currencies: BTC/ETH/USD/UDT
Soft Cap: $5,000,000
Hard Cap: $500,000,000
IEO Period: 11/22/2019 to 02/14/2020 (4 sessions)
Allocation of tokens
Total token supply — 25000000000
70% Public sale
10% Ambassadors & Bounty Programs
20% Founders and Team
Road Map
July 2019
Idea About RideNode (RIDE) IEO
September 2019
Website and IEO Platform Development
October 2019
Whitepaper and platform completion
November 2019
RIDE Tokens on sale (RIDE on P2PB2B Exchange)
Jan 2020
Apps Development and future planning
Advisors
Rich Rao
Founder & CEO
The Chairman and CEO
of Bay Ride Inc. He say
he owes his success to
his fantastic team.
Sudheer Kartan
CTO
He is an IT professional.
Before joining BayRide
He has worked for
Fortune 500 companies.
Vinay Hazare
CFO
He has a dual degree
in Finance & Accounting
from Stern School of
Business at New York.
Paul Ziomber
Security Advisor
Senior Security Advisor
for RideGuard Program.
For more information, please visit the site below:
Website => https://ridenode.io/
Whitepaper => https://www.ridenode.io/wp-content/uploads/2019/11/RideToken-WhitePaper-Version3.0.pdf
Facebook => https://www.facebook.com/ridenode.tokens
Twitter => https://twitter.com/RideNode
Telegram => https://t.me/RideNodeGroup
Linkedin => https://www.linkedin.com/company/bayrideinc
Medium => https://medium.com/@ridenodetokens
Reddit => https://www.reddit.com/user/RideNode
Ann Thread => https://bitcointalk.org/index.php?topic=5193530.0
name ; mandateoses
Profil ; https://bitcointalk.org/index.php?action=profile;u=2585390;sa=summary
wallet ; 0x90DB4569ec0778FEeADfd982dB12B8A2E790A99d