RedCab ICO Review: A Decentralized Transport Solution

Words
844
Reading
4 min
8y
Listen to this post
~6 min

Introduction

Hello all,

I am Moreen.

You will agree with me that the impact of blockchain technology has been felt positively in various sectors like health, finance, maritime sectors. RedCab is bringing this technology to the transport sector by offering a RedCab platform. The future is here and the transport sector is not going to be left out of the benefits that this advanced technology brings.

redcab.jpg

To start with, have you ever been insulted by a driver why attempting to haul down a taxi? Or have you for once been forced to pay high fare on a day because it is raining? These are day-to-day experiences we encounter with the commercial motorists and you’ll agree with me they are not very pleasant.

As it stands today, what everyone seeks is an enhanced, convenient and dependable transport service that is affordable and is safe. Although, there has been several attempts by ‘beginner’ transport companies to respond to this demand, they come at a high social cost.

What is RedCab

RedCab is a fast-moving industry with technical business models with good potentials in the field of transportation. Beginning from the technical section to the business model, their team of researchers spent about twelve months of research to get needs, find commercial loopholes and assess potential with good knowledge about client requirements and customer experience.

The organization was created in 2016 to bring about the peer-to-peer transportation solutions. The solutions involve resolving real issues through understanding the leading causes of drivers' and passengers' actual desires and give an inventive remedy controlled by customer transparency, efficiency as well as experience.

RedCab will give room for all to earn money base on temporary hire as integrated service providers working in peer-to-peer scale. For taxi companies, they have the chance to operate as an aggregated professional service provider.

RedCab business model was made to provide a lot of advantage to users as well as incomes to taxi companies and drivers via decentralizing the whole process.

The performance matrix and reward plan for drivers were executed to ensure that each rider gets the optimum quality regarding customer experience. Besides, a psychological factor implemented cleverly to manage the customer satisfaction section while processes are set up to assure the safety of both parties.

The RedCab Solution

RedCab is a decentralized transportation option for commuters that by leverages on Blockchain technologies for affordable and safe transactions.

It is a blockchain-based transport service company that seeks to provide the ultimate taxi experience for users by using the optimized drivers approach. How does it seek to achieve this? RedCab has created a network that raises the income of the driver by leveraging on network dominance and managing users' time very efficiently.

The overall effect of this will be a substantial reduction in the cost for users and an increase in demand that will increase the number of turns a RedCab driver makes round the city daily within stated hours and thereby reduce the cost for the user and the cycle continues again.

How it works

It is a decentralized transportation remedy for the mass by adopting the concept of blockchain technology for cost-efficient and safe transactions. Also, it will save billions of dollars from the transportation commission to be circulated back into the ecosystem, promoting sustainability and continuity if business through cutting edge technology, customer loyalty and performance management.

The RedCab Benefits

Let’s quickly look at what commuters, drivers and hotels & restaurants stand to gain by partnering with RedCab.
First is that the commuters' waiting time is reduced and they’ll get more free trips with higher usage. Again, the price fare is drastically reduced and there several options to suit the travel behavior of users.

For the drivers, the most obvious of the benefits is increased revenue and a more flexible work condition. Hotels and restaurants get a committed service provider and that at a low cost.

RedCab Tokens

The official token for the RedCab platform is REDC which is a utility token and will serve as means of payment to access the RedCab platform. This will help drive the demand and the supply is limited. You might want to get your hands on this token because with the project idea and the utility created for the token, it might never be so cheap again.

ICO Details

Token Symbol: REDC
Token Sale Starts: Q3, 2018
Token Sale Ends: Q4, 2018
Token Price: 1 ETH = 2333 REDC
Total Supply: 100,000,000 REDC
Soft Cap: 2143 ETH
Hard Cap: 24529 ETH

0 9ZB6DkbFD9fKPBk5.JPG

Conclusion

It is crystal clear that the RedCab transport service is out to improve the city taxi system by introducing blockchain option where partners get quality service that guarantees safety at an affordable cost. If we see the success of uBer, then incorporating blockchain technology into somewhat advanced taxi system shows that RedCab is going to change the way things are working currently in the transport system.

More Resources

Website: https://redcab.io/
Whitepaper: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf
Telegram : https://t.me/RedCab_ICO
LinkedIn : https://www.linkedin.com/company/redcab
Twitter : https://twitter.com/redcab_llc
Medium : https://medium.com/redcab
Facebook : https://facebook.com/redcabeg
Reddit : https://www.reddit.com/u/Redcab_io

AUTHOR: Miracle24
LINK: https://bitcointalk.org/index.php?action=profile;u=1231391

RedCab ICO Review: A Decentralized Transport Solution | Ecency