DRIFE

INTRODUCTION

Modern the taxi service at the majority is associated with Uber. I have started the application, I have planned a route — I have received the driver in three minutes. There is an impression that taxi drivers work for themselves sharing with Uber the tiny commission. It’s not true. With the decentralized platforms of Uber has nothing in common.

The DRIFE project believes in technology a blockchain and wants to completely change a business model which exists now and also to refuse corporate intermediaries. The decentralized DRIFE platform will help to lower a fare for passengers to increase income for drivers. This platform will work at a blockchain of EOS and all information on transportations all comments on drivers will be stored there. Also on the platform the system of vote by means of which improvements will be brought in the platform and the solution of various controversial issues will be provided. The system of loyalty for payment of trips by !ttokens of DRF will work still!

WHAT IS DRIFE

Drife is a decentralized rid summoning platform powered by the blockchain. Its main intention is empowering the value of creators within the ecosystem that includes commuters, drivers and community developers. The development of this platform is not only contributed to an aim of Drife, but also improves the complete value offered to the entire stakeholders concerned such as commuters fare, the income of drivers, transparent governance and cybersecurity as well. Drife can use a technology named as ICO, i.e. Initial Coin Offering for increasing funds for new projects by means of token sales to the investors.

The DRIFE technology is infrastructure available to drivers and passengers. And a blockchain — the Wednesday allowing to achieve decentralization. All forms of inquiry will be carried out through smart contracts of a different look. A huge number of the data generated in the sphere of transportations is kept in a blockchain of EOS!

CONCEPT OF DRIFE

DRIFE is a platform that performs its work on the EOS blockchain. It was designed to significantly expand modern capabilities. The main advantages that distinguish this project among competitors include:

NO COMMISSION
DRIFE project specialists decided to create an economic model in which 100% of payments will be received directly to the driver. Also to another equally important feature is the fact that there will be an annual subscription here, which will ensure the availability of round-the-clock access to this project. If, for a certain reason, the warrior decides to leave this project, then this can be done absolutely free of charge and there is no longer any need to pay.

THE SYSTEM OF INCENTIVES FOR PASSENGERS.
Every passenger who carries out his work using this platform will be able to receive decent discounts in the future. This will only be possible if DRIFE tokens are used to make the payment.

THE PRESENCE OF FULL TRANSPARENCY

The introduction of this unique technology allows for full transparency of all transactions carried out on this project. Also now you can store all the necessary information for free and in a safe place.

HIGH SECURITY AVAILABLE

Specialists also tried to make sure that every user of the platform was completely safe. For drivers who plan to carry out work on this project will be offered strict rules.

PROBLEMS OF OTHER PLATFORM

No fee charged:
Since the network is decentralized, this means that there are no middlemen, and that the total cost of the trip goes to the driver.

High security:
Since the platform developers pay special attention to safety, it is planned to introduce thorough checks of drivers before leaving.

The practical significance of the idea:
Over the past ten years, many projects based on blockchain technology have appeared. Of course, many of them are admired by the introduction of innovative technologies, the use of artificial intelligence. But, it is important to note that the vast majority has no practical significance. That is why the implementation of this project is able to make life easier not only for people who from time to time use the services of passenger transportation, but also for people who are directly engaged in this field.

SOLUTION PROVIDED BY DRIFE

Drife platform is actually made with a great intention of solving the existing concerns in the community of driver and also enhances driver’s ride quality.

Zero commission
Creation of absolutely new decentralized network with innovative economic model where 100% of the tariff paid by the passenger go directly to drivers.

Stimulation of a social platform
Granting additional incentives for the network users promoting improvement of the platform through social interaction and creation of network.

Management
The DRIFE project believes in democratic involvement of participants of network in process of adoption of financial and operational decisions for the platform.

Safety
DRIFE appreciates safety of passengers and seeks to enter high-quality checks of drivers before they work. The project will also provide infrastructure for broadcast of emergency signals of SOS within community to secure with the help.

DRIFE ECOSYSTEM

Value Creators & Extractors
At the core of our ecosystem are our value creators (Drivers) and extractors (Riders) — we take good care of them:

Drivers

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 ‘Rider’ goes directly to the ‘Driver’. We at DRIFE are determined to make an economy of Zero commission on rides, only annual Membership Fee from the driver which will give them access to DRIFE platform to get connected with the riders.

The platform fee can be paid in either DRIFE token or Fiat currency and will accrue annually, with the first year Membership Fee paid by the drivers acting as a security deposit. Drivers will be given equivalent DRIFE tokens, which is locked into the DRIFE platform as long as the Driver remains in the community. Anytime the driver wants to exit from the community, they will be free to liquidate their DRIFE token for themselves.

The second-year membership fee will give drivers access to DRIFE platform only with no DRF token equivalent given. Funds collected through membership fee will be used for pay day to day expenses to run the platform.

Riders

Passengers receive special exclusive discounts (T&C applies) when DRIFE tokens are used to make payments for trips. Further, as incentives and bonuses when they behave appropriately during rides. More so, feedbacks on the driver, trips, overall DRIFE platform use, and network building are incentivized through the DRIFE token.

Other key participants in our ecosystem:

Developers

A community of open-source developers are incentivized through bug bounties and for other potentially creative in-app developments that will user experience through UI interaction for both riders and drivers.

Investors

It’s our desire that our product will have an indirect impact on adopters ‘outside’ our user ecosystem. This will include long-term investors, traders on both decentralized and centralized exchanges and all future potentials the DRIFE token will have as a result of interaction with our product and is adoptability. Incentives here will involve periodic airdrops, selfdrops, and air grabs. More so, staking rewards are competitive and far beneficial than what is currently obtainable on other decentralized projects.

Everything is processed through dApps using smart contracts to establish trustlessness and each transaction becomes a part of the blockchain — an immutable record.

Decentralized Platform

Decentralization aims at shifting the focus from a central authority to the driver partners. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-sharing scenario 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, rider’s fare, cybersecurity and transparent governance.

Sustainable Driver Income

The DRIFE platform is developed with the intention of solving the current concerns in the drivers’ community, alongside enhancing the quality of rides for the customer.

Drivers are given incentives to introduce new drivers to the DRIFE platform; which will in turn help to form a social community of drivers, owned by the drivers themselves. The result is a disintermediation of payment to any intermediary between the driver and the customer. This will inspire the new drivers to recommend other drivers until a critical number of drivers as defined by the network are present on the DRIFE platform.

Drivers using the DRIFE platform will be able to build and foster the growth of their own fleet of drivers. This encourages all drivers on DRIFE to start a new business for themselves, as entrepreneurs by becoming a DRIFE partner gaining individual income, without sacrificing any earnings in the form of commission.

Transparency

Blockchain implementation creates a fully auditable and valid ledger of transactions that is indelible and unforgeable. With a user-friendly interface to access the same, transparency in payments and fare calculations can be achieved.

We will be storing data on EOS Blockchain, which will include all the information about the Journey, Each and every Commuters review and feedback will be stored on the distributed ledger, Commuters will be able to view all the details of drivers.

Badge of Honor

Unlike the rating and evaluation systems employed by incumbent players, DRIFE brings in an innovative and holistic approach to gauge the services provided by drivers and reward them accordingly

THEIR TOKENOMICS

Drife token, DRF could be a utility token which will conjointly perform as a
currency inside our platform. it’ll be accustomed execute ride
payments, access loyalty rewards and staking functions on our
platform.

Blockchain type: EOS
ICO Token Type: ETH ERC-20 Compliant Token
Token symbol: DRF
Total supply: 325 Million DRF tokens
Economic model: 1–3% annual Inflation
Whitelist: YES
KYC: YES

ICO Tokens Details

DRF tokens will be pegged at the value of $0.25 USD 50% of token supply in ICO for sale: 162,500,000 DRF.
Soft cap: 32,500,000 DRF (20%).
Hard cap: 162,500,000 DRF (100%).
After the ICO these utility tokens aren’t simply restricted for services however conjointly sold-out on exchanges.
The Driver and rider bonus tokens area unit to encourage loyalty from DRIFE customers, this may be distributed in style of free miles to the first parent of DRIFE APP for travel, and this is often given to each rider and drivers for adding new individuals to their network.
Token Allocation Forecast

Distribution: Overall, 325,000,000 tokens will be released. The hard cap of the tokens for sale is 60%. The remaining 50% of total emitted tokens will be divided amongst the Private sale (10%) Social Incentive (10%), Development pool (5%), Team members (5%) founder (10%), bounties and Airdrop (3%), Referral, Rewards and Bonus-5%, Advisory (2%).

Funding Allocation: All funds contributed as a part of the pre-sale are used for development, testing and unharness of Minimum Viable Product(MVP). moreover, these funds are wont to support community building campaigns. Funds contributed as a part of ICO are spent on rolling out the ultimate version of the platform and its thought adoption. Areas on that ICO funds are spent embrace product enhancements (including bug bounties), third party audits, testing, selling and reserves for any potential contingencies. Break down of funds which will be spent on every space are often seen within the given chart to the left.

CONCLUSION

The Drife project is presented as an innovative approach to the transformation of the private passenger transport market. Now this sector of economy has a good potential for the development and implementation of modern technologies. Drife developers saw this as an opportunity to take their place in the market and set a new vector for the development of the industry.

For further information concerning the project/platform, kindly click on the social links below:

Website: http://drife.one/
Facebook: https://www.facebook.com/drife.official
Twitter: https://twitter.com/Drife_official
Youtube: https://www.youtube.com/channel/UC6hDbqlihawJTGlmYa4P2Tg
Lightpaper: https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5054988.msg47146816#msg47146816
Reddit: https://www.reddit.com/user/Drife_Official
Telegram: https://t.me/drife_official
Medium: https://medium.com/@drife_official

Author: psalmyblinks

BTT Username: psalmyblinks

BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2522636