RedCab “Token Sale”

A Decentralized Global Transportation Platform

RedCab LLC is a fast forward company with technological and futuristic business model in the transportation space. From technical aspects to the business model, a dedicated research team spent a whole year of research to gather needs, find market gaps and assess potential with a clear understanding of customer requirements and customer experience.

Our first Beta version of the Mobile App went live in 2017, as part of our on-ground market research and gathering feedback. The Mobile App soft launch took place in a small touristic spot by the Red Sea for more on hand operations and to test the car-hailing service. We observed a huge potential in the industry and rising demand in metropolitan cities globally with a future expectation for the industry ballooning to reach $285 Billion by 2030. 1 The goal of the RedCab “Token Sale” is to convert our business model into a decentralized ecosystem that allows access to global markets with a transparent approach, reduce expenses of transportation for end users saving more than $60B made through middlemen businesses, and to develop our infrastructure to address the growing international demand on transportation services around the world through developing a powerful scalable tool.

RedCab LLC in Depth

How RedCab Solution 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. Our business model is designed to ensure smooth market penetration through lean and reliable processes, and our 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.

Problem Solving: Why RedCab?

Many start-ups have been rising in the market recently to solve the transportation issue. Most of them are successful as a business, but none of them have succeeded without a social collateral damage. Despite the fact that technology has bridged the gap between transportation needs and has successfully solved some problems in the past 10 years, this left us with multiple copycat business models without any iteration or innovation. Customers are not only searching for a trendy service, but looking for a true reliable service with sustainable quality and safety, that offers all transportation options and services with a low competitive price, and because customers hate to be abused; so on a rainy day, or a day with heavy traffic; “high rates” fare is not a good move. From another side, the main pillar in the transportation industry is the drivers. Based on a recent survey conducted on drivers working as part-time for one of the major car-hailing services App, 91% of the population have joined the hailing service Apps to increase their income and 87% to work flexible shifts ². Our business model guarantees 20% increase in the income of drivers with a clear strategy to capitalize.

How Transportation Can Impact My Income, my time.

1. Global Reach

One of the main aspects of our business approach is the global reach, so we had to make sure our App matches different languages. Our App will be supported by more than 6 languages and linked to global maps to match and cover different user experiences, also our diversified car options and categories covers all road travel needs. 16 We have also integrated a sharing ride route with a friend or a family member to make sure it’s used by different age groups including young children monitored by their family members for more safety and security sense.

2. Scheduled Rides

To get better insights about our customers’ behaviour, and our sense of urgency when it comes to time saving for business trips, and how we plan for network dominance and work load balance, We powered our App with a pre-schedule option and highlighted this feature. You can simply manage your whole schedule through planning your road trips through timer and notifications, it’s convenient to catch your plane, attend your meeting, or an event without the fear of missing out.

3. Carpooling

Carpooling is one of the main features that RedCab supports through our App with metropolitan cities and busy places as our main target. Less traffic jams and splitting the ride fare for lower costs. Use the carpooling by creating a ride and inviting nearby hailers or trip companions with multi-drop off and pick up locations. The same engine powering the geo pushed ads will match riders according to personality traits based upon their profiles making the journey as pleasant as possible. If you’re someone who loves chatting to new people, or if you prefer a silent ride; RedCab will help in matching you –as much as possible- with riders and drivers who share the same approach to life. 

4. Luxury Trip

Luxury trip feature will allow business persona to enjoy a prestigious travel experience to work, meetings, hotels or airports and at the same time we are planning to use it as an advertising feature partnering with high-end car manufacturers to give an on-hand experience with luxury cars while in the same time promoting high-end services to those niche customers who are always seeking uniqueness and specialty.

5. Peer to Peer:

Peer to peer feature is the normal standard feature offered by most car-hailing services. You can order a ride and get the nearest driver. This is the most used feature by customers all over the world, that’s why RedCab LLC has decided to gift the world a new business model to make it rewarding for the driver and more beneficial for customers through offering the lowest price fare possible. Thanks to the fantastic Blockchain technology, we will also provide a global decentralized secured utility through our wallet and utility tokens.

6. Proof of Marketing

Proof of Marketing is based on MLM strategy (Multi-Level Marketing) and it utilizes a similar algorithm to the one we will use in Proof of Driving©. The concept basically applies to customers, and it rewards them with tokens as long as they are referring the App to their friends and family, and as their network grows, they’re being rewarded for every mile driven by their referrals up to 3 levels.

Example >> Customer A uses RedCab App to move around. They refer friend X and Y to the RedCab App. Their X friend refers Q and W, and their Y friend refers K. Q refers U, and K refers P. Now the tree will look like this.

7. Network Dominance (Supply & Demand Balance)

One of the main challenges car hailing service Apps are facing, is bridging the gap between rides and available drivers, trying to minimize driver ideal time within a 1-hour interval while minimizing customers waiting time to request a ride to as low as 3 Min SLA. The available model adopted by car hailing service Apps appears to be approaching the balance, however it is not. To avail more cars in peak time they offer high prices for customers as a solution which costs the customer more money on the long run if you count in the random surged fares and average it on the total number of trips completed. They also acquire more drivers by what they call “buying drivers” which means paying guarantees & bonuses to open the App. Such approach costs the business massive amounts of money during idle time, which eventually has to be compensated from the customer again at a later stage, or even “buy customers” to offer more demand for drivers through free rides and coupons, which is also costing the business even more money that has to be rewarded back, otherwise the whole business will nose dive. It leaves us with a simple fact, that drivers’ earnings are not covering their initial investments from car initial cost, maintenance and operation costs, and customers are paying more money to enlarge the car service hailing Apps’ profits while being tricked psychologically.

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MORE INFORMATION:

Telegram: https://t.me/RedCab_ICO

LinkedIn: https://www.linkedin.com/company/redcab

Twitter: https://twitter.com/redcab_llc

Medium: https://medium.com/redcab

Facebook: https://facebook.com/redcabeg

Reddit: https://www.reddit.com/u/Redcab_iooin

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THE BOUNTY MANAGER:
Bitcointalk username: Arteezy.rtx
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1059021

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ARTICLE BY:
Bitcointalk username: MeongElek
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1368345;sa=summary
ETH Address: 0x0b57D125D6FbbE081ff8acE81E7F4fec81B32dc9