REDCAB


ABOUT REDCAB


PURPOSE OF REDCAB
The purpose of the RedCab token is to convert our business model from a centralized application into a decentralized ecosystem that enables access to global reach and reduce user transportation costs, and its benefits can save costs and raise funds to develop RedCab infrastructure and address the growing international demand for transportation services at the whole world through the development of powerful and effective scalable tools

  1. Legality Problems
As per the study, around 25% of all ICOs did not have a legal entity which is a risk for the project. With the rise of the ICO popularity internationally, the legal issues have been increasing as well. At RedCab Team these risks are closely monitored by the legal advisors. No business decision is taken without a legal advice.
2. Existing On-Ground business before the ICO Launch
46.6% of the Projects did not have any development before the launch of the ICO. RedCab LLC was founded in mid of 2016. The current business is running in Egypt at the coastal city Hurghada. The first Beta version of the Mobile App has been launched in 2017. Currently the project is at the MVP stage and only 26.2% of the projects have reached this stage before the ICO Launch.
3. Tourism and Transportation in the Blockchain industry
Blockchain gets implemented not only in financial services but in many other areas of business. However currently we observe, that the many of the new projects are still part of the financial services industry. Below are the most popular areas of Blockchain projects:

  1. Financial Services

    2.
  2. Exchanges and Wallets

    3.
  3. Gaming

    4.
  4. Blockchain Infrastructure

    5.
  5. Marketing and Advertising
Tourism and Transportation are not listed among the Top-20 Industries for ICO-Projects. That makes RedCab one of the First-movers in the industry. The project aim is to bring the value of the new Blockchain technology to the people and make their everyday transportation more safe and enjoyable.
4. Token Type
65.8% of the tokens issued in Q1 are service tokens, that are used only for payment of the services inside a platform. These tokens can be replaced by another cryptocurrency like ETH without significantly affecting the business processes. RedCab tokens are ERC20 Hybrid Tokens which means, they are used for payment purposes as well as for rewarding the network participants.
RedCab is introducing two new types of consensus that are inspired by Proof-of-Work. The first one is Proof-of-Driving, that will reward the driver for accepting the trip request. The second type is Proof-of-Marketing that will reward the passenger for referring the service to his/her friends and family.
New tokens will be generated by these two consensus types, however there is a limitation of token generation up to 25,000,000 REDC to stabilize the token value.
Only 9.3% of the projects were offering hybrid tokens in Q1 2018 which gives REDC Tokens a promising perspective for the future.
5. Blockchain Projects in the Middle East
As per the current situation, the leading countries for registering an ICO are USA, Singapore and UK. Most of the ICO teams are originally from USA, China, Lithuania and Russia. The Middle East region is not represented as an important player in the Blockchain Industry. RedCab LLC is registered in Egypt. Having a presence in the Middle East can help the team in a better understanding of the needs of the people in the region and be one of the first to offer such kind of services. However one of the projects objectives is to expand to other countries and outside the Middle East as well.
6. Transparency of the Project
The market study also shows, that the market is in a lack of transparency. About 40% of the projects do not share the information about their CEOs nor about their asset management strategy. At RedCab, security and transparency are at a high priority. The information about the founders and the team is easily available on the official company website as well as on different social networks. Here its worth to mention that the founders of RedCab have successfully passed the KYC process at ICObench
TOKEN DETAILS
Token Name : REDC
Max Tokens Supply : 100,000,000
Token Type : ERC20
Exchange : 1 ETH = 2333 REDC
Hard Cap : 24529 ETH
Min Purchase : 0.1 ETH = 233 REDC
Pre-Sale : Starts 01 June 2018 at 12:00 AM GMT and ends on 21 June 2018 at 11:59 PM GMT with early bird investors getting a 15% Bonus till allocated amount is sold out or phase ends.
Main Crowd-Sale Start Date : 22 June at 12:00 AM GMT and ends on 15 August 2018 at 11:59 PM GMT.
Accepted Currency for Token Sale : Ethereum
THE GREAT MINDS BEHIND REDCAB
For more information, please visit:

Komentar

Posting Komentar

Postingan populer dari blog ini

TEDCHAIN

Gambar
TEDCHAIN Mobile games allows players to mine crypto currency and spend it outside of the game A video game is an electronic game. İt can be played on a computing device, such as a personal computer, gaming console or mobile phone. Depending on the platform game played, video games can be subcategorized into computer games and console games. Lately however, the emergence of social networks, smartphones and tablets introduced new categories such as mobile and social games. Since the first games emerged in the 1970s, video games have come a long way. Today’s video games offer photorealistic graphics and simulate reality to a degree which is astonishing in many cases. Game market is a phenomenon of rapidly growth as it isn’t affected by natural disasters or economic crises. It’s especially seen in the mobile entertainment sector. 2015 is an example in the history of the games market with revenues exceeding the $100 billion mark to total $109 billion. Only five
Baca selengkapnya

EtherInc

Gambar
EtherInc  ETI Coin ETI coins are the fuel of EtherInc blockchain, just like Ethereum has ETH coins as a fuel in Ethereum blockchain There is much more to running a business than office space and furnishings. In the initial stages particularly, the startup costs and practices require meticulous planning and careful accounting. Nevertheless, many entrepreneurs have encountered so many obstacles in creating an organization, especially with all the legal complexity, filling lengthy paperwork and numerous fees among others. All these factors continue hindering many people from launching their businesses and realizing their dreams. Luckily, a blockchain solution called eInc is just about to change all that and bring your organization on the blockchain. What Is EtherInc? EtherInc or einc is designed to create a unique protocol for building, managing and running decentralized apps and organizations. The aim of this blockchain solution is to empower entrepreneurs all
Baca selengkapnya