Vitecoin (VT) is the digital currency that will be used as a direct settlement layer between riders and drivers via direct wallet transfer after a ride is successfully completed. The currency can be purchased with fat or other cryptocurrencies. Vitecon is automatically transferred from the rider’s VT wallet to the driver’s VT wallet. At the tap of a button, drivers have the option to either store their income or transfer it to a Vite-compatible exchange in order to cash it out.
Vite Vision:
To tokenize payments in the global ridesharing industry by making Vitecoin (VT) the leading digital currency settlement layer between riders and drivers, removing the hassle of carrying cash and credit card fees. Additionally, Vite’s social impact model has been designed to benefit society and create mutually enriching experiences for riders, drivers and cities. This creates a vastly improved market alternative compared to the existing profit-oriented mercenary ridesharing companies.
Vite Mission:
To promote massive growth of smartphone adaption and internet connectivity across the world’s emerging markets on blockchain technology with ridesharing for the blockchain generation that can effectively actualize the vision of Vitecoin.
How does it work?
Raiders will be able to purchase Vitecoin token with fiat or credit card. Drivers can cash out using an exchange or at the nearest Vite office. Once the platform becomes very popular, credit cards will be dissolved and Vitecoin will be the only accepted medium in turn increasing the demand for the token Ethereum payment gateway and exchange integrations will power the payment feature.
One of a kind Business Model
We intend to make a win-win circumstance by dispersing esteem decently among riders, drivers and urban areas. First of its kind, our comprehensive, commonly gainful model will bring another change in perspective in the ridesharing economy and illuminate a considerable measure of the glaring issues that have emerged from hired soldier ridesharing administrations.
The Vite Platform (MVP)
Vite App, accessible on android and iOS, is a mobilephone application that encourages P2P (distributed) ridesharing by associating travelers who require a ride with drivers who have an auto at the tap of a catch. Vite App utilizes area sharing innovation and an arrangement of calculations to coordinate travelers to the storeroom accessible private or cab driver on the system, empowering riders to get to advantageous and agreeable individual exchange administrations. The beta variant has been effectively beta tried with select clients in Mauritius. Our revolutional inbuilt Vitecoin installment wallet will be available on both rider and driver applications before the dispatch in August.
Business Development and Marketing
After the ICO is finished, the administration will take off openly in Mauritius and crosswise over 14 noteworthy urban areas in Southern African with an aggregate populace surpassing 277 million individuals. Before propelling in another city, we will devote 33% of the year to drive social mindfulness about our dispatch and make drivers for enrollment programs. Drivers who join the administration in the good 'ol days will be entrusted with bringing different drivers for exceptional rebates and advantages. Southern Africa, our first market contains a portion of the Africa's greatest and most created urban communities. Southern Africa alone gets 40% of the mainland's yearly vacationer entries and there is dependably a monstrous requirement for taxis and on-request transportation. Vite will in the end extend crosswise over significant urban areas in standard Africa and Asia with a populace of 1 million and that's only the tip of the iceberg.
For the inquiry about Vite click the link below:
Website: http://viteapp.co/
Whitepaper: http://viteapp.co/assets/docs/Vite_Whitepaper_Draft.pdf
Twiter: https://twitter.com/vite_app
Facebook: https://www.facebook.com/viteapp.co/
Telegram: https://t.me/vitetoken
Medium: https://medium.com/@Vitecoin
Youtube: https://www.youtube.com/channel/UC0-P3Sgj17PFOyMdXIjP9XQ
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2252569
