RedCab ICO - What problems it is solving ?

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Redcab is the world's first platform, which has a futuristic business model in the transport environment, aimed at the future. After the market research, the founders of the platform realized that the automotive industry has some problems. Redcab will try to change this and present a new service to the world.

What is RedCab?

RedCab is a Peer-to-peer decentralized transport solution, which is regulated through smart contracts. Decentralization means that the driver makes transportation outside the management of services that charge commission from earnings and this will reduce the cost of a trip to a taxi and restrain it at a certain level. The motto of the campaign: "Your trip at fingertip",

Using transportation services with a single click in the application, which by the way can already be downloaded on Google Play and the App Store, can pay for the trip directly, paying the driver generated during the trip number of tokens. The cost of the trip will be affected by the distance traveled and the network load during the trip.

Token REDC will be used for transactions every day, which creates a huge demand for a limited supply. The company has existed since 2016, with operations in the real world, introducing innovative solutions globally through Blockchain, to meet the needs of the market, with an annual demand of $ 230 billion.

The RedCab project is aimed at solving current problems that exist in the transport sector.

Some of the problems are:

1. As transportation costs increase, the driver's income is reduced.

2. Business model. The existing business model of transport services, based on high commission fees and variable cost of travel, depending on supply and demand, contradicts consumer experience and returns on investment.

3. Expansion of the market and operating costs. The high cost of participation due to greater dependence on marketing, promotions and discounts, as well as guaranteed incomes and driver bonuses.

The solutions offered by RedCab:

1. Win Situation - the zero commission scheme provides great savings for drivers.

2. Proof of Driving - will present an innovative solution, based on the concept of evidence-based documentation, built on Blockchain technology and powered by AI and a smartphone with GPS.

3. Joint network - RedCab introduced Red Network Dominance program to ensure acquisition and penetration to the market with high demand and supply at a low price.

4. A special business model - through a transparent commission scheme, RedCab introduced a special business model, which provides an excellent system of transport services and is able to build an intelligent network, making a profit from data exchange.

5. Proof of marketing - RedCab conceptualized a unique referral marketing program, thanks to which, drivers are given the opportunity to earn tokens for inviting their friends and relatives in RedCab.

6. Cabbi is the first personal travel assistant and relies on neural network technologies to help track day trips, meetings, visits, and events.

Details of ICO and details of the REDC token

The maximum amount that can be issued is 100,000,000 REDC. All unsold tokens will be destroyed, and the final number will be announced after the completion of sales. This will spur the value of REDC and when listing its value will have to increase. By the way listing on the largest exchanges is expected as early as 2019. REDC will be on the stock exchanges that are regulated and have stock evidence, including Korean, Japanese and other globally recognized major exchanges.

The name of the token is REDC. The total number of tokens issued is 100,000,000. The price of the token (before ICO) is 1 ETH = 2,682 REDC. The cost of the token (during ICO) is 1 ETH = 2,333 REDC.

The pre-sale start date is June 1, 2018. The pre-sale end date is June 21, 2018. The ICO start date is June 22, 2018. The end date of the ICO is August 15, 2018.