DRIFE Project Review

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