What is DRIFE Project?

Drife is a decentralized rid summoning platform powered by the blockchain. Its main intention is empowering the value of creators within the ecosystem that includes commuters, drivers and community developers. The development of this platform is not only contributed to an aim of Drife, but also improves the complete value offered to the entire stakeholders concerned such as commuters fare, the income of drivers, transparent governance and cybersecurity as well. Drife can use a technology named as ICO, i.e. Initial Coin Offering for increasing funds for new projects by means of token sales to the investors.
Reason or problem that exists in ICO

The major problem exists in ICO is unsustainable driver income. Actually, the current aggregators have maximized their commissions up to 20–30% of trip value from a starting range of 15–18%. According to the study about increasing concerns over labor standards, some of the drivers can end up in losing money, after maintenance, insurance, and other prices as well.

The solution to ICO problems

Drife platform is actually made with a great intention of solving the existing concerns in the community of driver and also enhances driver’s ride quality.

Features that the token is implementing

The term ICO stands for initial coin offering, which is similar to Initial Public Offering. It can be a source of capital for the startup companies. In this token, the amount of crowdfunded cryptocurrency is just selling to the investors or speculators by simply riding in this type of tokens. Below are the lists of features that the token is implementing that including:

Participate in an economy, project or decentralized autonomous organization.
Toke ICO sells the right of royalties or ownership to a projects or DAO.
Majority of ICOs involves the building of a defined number of tokens before to sale.
This token has several rounds of fund increasing.
ICOs conclude once the tokens are tradable in an open market

The roadmaps that Drife doing is including the following:

Platform idea — The concept of Decentralized Taxi Conversion of ideas into Business Plan
Design — Creating websites and social media accounts.
Preparation — DRIFE Technical Architecture implemented on the EOS Blockchain —
Launch — The platform will go live.
ICO preparation — Presale will be initiated and a demo version of Dapp.
Pre-launch and exchange — The beta version of Drift and Dapps is implemented. Also listing Drift on the exchanges.
Phase II launch and Phase III launch— Drife goes live.
Expansion — The platform will be global and have developed enhance technology.

Information about Drife

The Drife has successfully run its company with a great support of their team members. In this community, there are 12 members working in a form of team at various designations such as Co-Founder and Chief Executive Officer, Co-Founder and CFO, CTO and architect, chief marketing officer, chief operating officer, chief strategy officer, IT infra consultant, lead block chain developer, marketing and research, content and press release, product designer and legal as well as compliance.

What is the DRIFE

DRIFE may be a suburbanised ride-hailing platform battery-powered by blockchain with the intent of empowering price creators and extractors among our scheme – these embrace the drivers, Commuters, and developers community. DRIFE plans to disrupt the present business model and take away the company intermediaries concerned within the transactions.
Their ride-hailing platform has created a replacement paradigm for the ride-hailing business. Their area unit the primary platform during this niche to precise the total options of the suburbanised ridehailing economy.
The Ecosystem: price CREATORS & EXTRACTORS

Their platform is meant to reward contributors with incentives towards the event of the scheme. Through the DRIFE design, they're able to fully provide the simplest service apply to change all stakeholders in our economy to derive most utility satisfaction from their product.
Drivers: It empowers the drivers in their scheme to receive the entire fare paid by the passengers as a result of our 'no commission’ feature.
Commuters: It empowers the rider through their dApp to possess the simplest experiences per ride each in terms of platform multiple-option options and through their journey.
Developers: It incentivizes developers to make helpful tools and options to expand the platform’s economy.
MAJOR elements

No Commission: DRIFE aims at shifting the main focus from the present commission-based platforms to a decentralized network with a replacement economic model, wherever 100 percent of the fare paid by ‘commuter’ goes on to the ‘Drivers’.
Incentivise Social Platform: DRIFE provides extra incentives to its network users tributary towards the platform’s betterment through social interaction and network building.
Governance: DRIFE believes in a very democratic engagement of network participants towards monetary and operational higher cognitive process for the platform.
Safety: DRIFE values the protection of the commuters and endeavours to hold out multiple security checks on the drivers before on-boarding and while in commission. DRIFE conjointly provides infrastructure for broadcasting Emergency SOS signals among the community to solicit facilitate.
THEIR TOKENOMICS

Drife token, DRF could be a utility token which will conjointly perform as a
currency inside our platform. it'll be accustomed execute ride
payments, access loyalty rewards and staking functions on our
platform.

Blockchain type: EOS
ICO Token Type: ETH ERC-20 Compliant Token
Token symbol: DRF
Total supply: 325 Million DRF tokens
Economic model: 1-3% annual Inflation
Whitelist: YES
KYC: YES
ICO Tokens Details

DRF tokens will be pegged at the value of $0.25 USD 50% of token supply in ICO for sale: 162,500,000 DRF.
Soft cap: 32,500,000 DRF (20%).
Hard cap: 162,500,000 DRF (100%).
After the ICO these utility tokens aren't simply restricted for services however conjointly sold-out on exchanges.
The Driver and rider bonus tokens area unit to encourage loyalty from DRIFE customers, this may be distributed in style of free miles to the first parent of DRIFE APP for travel, and this is often given to each rider and drivers for adding new individuals to their network.
Token Allocation Forecast

Distribution: Overall, 325,000,000 tokens will be released. 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%, Advisory (2%).
Funding Allocation: All funds contributed as a part of the pre-sale are used for development, testing and unharness of Minimum Viable Product(MVP). moreover, these funds are wont to support community building campaigns. Funds contributed as a part of ICO are spent on rolling out the ultimate version of the platform and its thought adoption. Areas on that ICO funds are spent embrace product enhancements (including bug bounties), third party audits, testing, selling and reserves for any potential contingencies. Break down of funds which will be spent on every space are often seen within the given chart to the left.
The Roadmap

Q1 - 2018
Platform Idea

The idea of Decentralized Taxi

Conversion of idea into Business Plan

Community Development

Q2 - 2018
Design

Website launch

Listing of Drife to EOS index & other EOS projects

Social media profiles

Q3 - 2018
Preperation

Listing Drife

DRIFE Technical Architecture on EOS Blockchain

Q2- 2019
Launch

Drife to go live - Phase 1

Q1 - 2019
Pre Launch & Exchange Listing

Beta version of Dapp & Drife launch

Exchange Listings

Q4 - 2018
ICO Preperation

Pre-sale

Demo version of Dapp

Drife campaign

Q3 - 2019
Phase 2 Launch

Drife to go live - Phase 2

Q4 - 2019
Phase 3 Launch

Drife to go live Phase 3

Q1 - 2020
Expansion

Growing Globally

Enhance Technology

THE TEAM

Firdosh Sheikh: Co-Founder & CEO
Surya Ranjith: Co-Founder & CFO
Abhijit Roy: CTO & Architect
Mario Pacudan: Chief Marketing Officer
Arpit Sharma: Chief Operating Officer
Andrew Willis: Chief Strategy Officer
Debraj Ghosh: IT Infra Consultant
Mudit Marda: Lead Blockchain Developer
Abhilash Verkey: Marketing & Research
Emmanuele: Content & PR
Syed Adil Nawaz: Product Designer
Samarth jain: Legal & Compliance

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