RedCap, Decentralized Transportation System

dubraskam (45)in #redcab • 6 years ago

People have used various means of transportation throughout the ages. Technology has evolved, as have our means of transport. The transport industry has undergone major changes in the development and use of technology by people. The widespread use of cars is a well-known phenomenon in many countries because they have become the common mode of transport. The transportation landscape changed when we went from having the ability to rent a vehicle to seeing the inclusion of private companies like Uber and Ola, which entered the market with standardized rates across the country and allowed anyone to become a taxi driver and win on any vehicle they had.

This opened up new opportunities for us. This allowed us to book a taxi from anywhere, wherever we were, helped save on fees, got incentives to use their platform and get coupons. which helped improve customer relations, but without too much competition, monopoly appears, and prices are set only by big players. In addition, companies tend to deduct a large commission from drivers' pay for using the platform, and can modify this commission at any time they wish, and most of the time drivers tend to earn less than they actually earned. Here's RedCap for you:

" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

The RedCab project decided that it is not fair and offers a solution that will not only allow passengers to pay less for the trip, but will also help drivers to make more money due to the fact that there will no longer be a mediator between them. RedCab represents a peer-to-peer solution for individuals by decentralizing the transportation system through blockchain technology, which operates on intelligent contracts, making it transparent and fraud-proof. With RedCab, you can pay for travel using tokens in a mobile application that can be installed on your phone. The application will automatically calculate the cost of the trip. This can lead to the fact that the entire driver community will be paid the correct amount, while the project will not charge a commission. This means cheaper fares for users, as well as more income for drivers. This is a win-win for both drivers and passengers.

The platform will implement a host of innovations and bonus systems for drivers and passengers, so that you can know the driver's driving level. Drivers with a high level of driving will receive additional tokens. By using their own RedCab tokens, drivers and passengers will have many benefits. It is also expected that the development of the platform will increase in the price of RedCab chips, at the expense of their holders will be able to obtain additional revenue.

The team plans to enter an ERC-20 token based on Ethereum to feed the platform, which will serve as a payment method.

Token

Name: REDC

Token Type: ERC20

Soft Cap: 2143 ETH

1 ETH = 2333 REDC

Sorf Cap: 2143 ETH

Hard Cap: 24529 ETH

Minimum Purchase: 0.1 ETH = 233.3 CDIR

Team

RedCab is supported by a strong team of experts and consultants who understand the diversity and dynamics of the transportation industry. They combined their experience and deep solutions to problems and challenges in the transport industry with the help of blockchain technology.

You can read the project documentation in detail on the official website. There is also a WhitePaper, accessible and understandable, everything is described.