DRIFE is a decentralized ride-hailing platform

DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators within our ecosystem – these include the drivers, commuters, and community developers. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions.

Our ride-hailing platform has created a new paradigm for the ride-hailing industry. We are the first platform in this niche to express the full features of the decentralized ride-hailing economy. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-hailing platform 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, commuters fare, cybersecurity and transparent governance.

In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems. Despite the opportunities being accorded by the blockchain enterprise, adoption for most of these platforms is still out of reach because: Our ride-hailing platform has created a new paradigm for the ride-hailing industry.

ICO Details

Token: DRF
Type: Utility
Price: 1 DRF = 0.25 USD
Platform: Ethereum
Token Type: ERC20
Accepting: ETH
Minimum investment: 0.1 ETH
Soft cap: 32,500,000
Hard cap: 162,500,000
Country: UK
Whitelist/KYC KYC
ICO Time: 10 Jan 2019 - 10 Mar 2019

Token Allocation
Overall, 325,000,000 tokens will be released and 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% and Advisory (2%)
The DRIFE token (DRF) will be issued and stored on the EOS blockchain and it will be used on the platform by both drivers and passengers. Using the token will enable ease of use, proof of ride purchase with proof of agreed costs and will also add extra value for those using the DRIFE platform. For example, both the driver and rider can earn bonus tokens. This will be distributed in the form of free miles for early adopters of the DRIFE Commuting APP . The driver will earn bonus tokens for adding new people to their network. The DRIFE bonus token system will encourage loyalty from both drivers and customers. More future incentives are possible and we will always consider community rewards.

Social Stats

Highlights of the project

No Commission
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 ‘commuter’ goes directly to the ‘Drivers’.
Incentivise Social Platform
DRIFE provides additional incentives to its network users contributing towards the platform’s betterment through social interaction and network building.
Governance
DRIFE believes in a democratic engagement of network participants towards financial and operational decision making for the platform.
Safety
DRIFE values the safety of the commuters and endeavours to carry out multiple security checks on the drivers before on-boarding and whilst in service. DRIFE also provides infrastructure for broadcasting Emergency SOS signals within the community to solicit help.