DRIFE -Nexgen Decentralized Ride Hailing Platform

Introduction

The blockchain innovation has been digitalized for just nine years and has effectively taken the world’s financial gauges and shook them starting from the earliest stage. While beforehand a monetary framework without an agent couldn’t be envisioned, presently we get the chance to appreciate blockchain-controlled frameworks empowering increasingly secure, decentralized and savvy methods for trading worth and products. While Bitcoin and Ethereum have realized changes that range the whole financial world, there are a lot of digital currencies out there that are centered around a solitary market branch or a little yet productive specialty.

One such market branch is the universe of voyaging. The universes travel industry has been refered to as achieving 7.6 trillion dollars in turnover a year ago, with web based making a trip segment adding up to 564 billion. With the rate of going expected to ascend to 1.8 billion individuals per year who will legitimately cross worldwide fringes by 2030, there are still some glaring issues that should be fixed. Other than the typical issues that accompany visiting a remote nation that has no recognizable individuals you can converse with and get help from, voyaging is scandalous for money related hardships and issues that accompany the nation not supporting your nearby methods for installment.

OVERVIEW OF DRIFE

DRIFE is a decentralized ride-hailing stage fueled by blockchain with the expectation of engaging worth makers inside the environment these incorporate the drivers, suburbanites, and network engineers. DRIFE plans to upset the current plan of action and expel the corporate go-betweens engaged with the exchanges.

Drife are the main stage in this specialty to express the full highlights of the decentralized ride-hailing economy. The development of the stage adds to the goal of DRIFE as well as improve the general esteem gave to every one of the partners concerned like driver’s salary, workers admission, cybersecurity and straightforward administration.

Esteem Creators and Extractors

At the center of the biological system are the esteem makers (Drivers) and extractors (Riders) – Drife takes great consideration of them:

Drivers

DRIFE goes for moving the concentration from the current commission-based stages to a decentralized system with another financial model, where 100% of the charge paid by ‘Rider’ goes straightforwardly to the ‘Driver’. The DRIFE group are resolved to make an economy of Zero commission on rides, just yearly Membership Fee from the driver which will give them access to DRIFE stage to get associated with the riders.

The stage charge can be paid in either DRIFE token or Fiat cash and will gather every year, with the primary year Membership Fee paid by the drivers going about as a security store. Drivers will be given equal DRIFE tokens, which is bolted into the DRIFE stage as long as the Driver stays in the network. Whenever the driver needs to exit from the network, they will be allowed to exchange their DRIFE token for themselves.

The second-year participation expense will give drivers access to DRIFE stage just with no DRF token proportional given. Assets gathered through enrollment charge will be utilized for pay everyday costs to run the stage.

Riders

Travelers get uncommon select limits (T&C applies) when DRIFE tokens are utilized to make installments for treks. Further, as motivations and rewards when they carry on suitably amid rides. All the more in this way, criticisms on the driver, trips, generally speaking DRIFE stage use, and system building are boosted through the DRIFE token.

Designers

A people group of open-source designers are boosted through bug bounties and for other conceivably innovative in-application improvements that will client experience through UI association for the two riders and drivers.

Financial specialists

It’s the craving of the Drife group that the item will indirectly affect adopters ‘outside’ our client biological system. This will incorporate long haul financial specialists, dealers on both decentralized and concentrated trades and every single future potential the DRIFE token will have because of cooperation with our item and is adoptability. Motivations here will include intermittent airdrops, selfdrops, and air snatches. All the more along these lines, staking rewards are focused and far gainful than what is at present reachable on other decentralized ventures.

The Impending Challenges

Concentrated

There are numerous issues with this foundation type, specifically abuse for the sake of the commission, information break and abnormal state of government control to a focal specialist

Unsustainable Driver Income

Existing aggregators expanded their payments to 20-30% of the outing an incentive from an underlying scope of 15-18%. A few drivers end up losing cash after protection, upkeep, and different expenses, as indicated by an investigation raising worries over work models

Absence of Loyalty From Commuters

Flood Factors: The costs per taxi ride for hailing a taxi has turned out to be progressively costly nowadays, and in this way Commuters search for options. A definitive point of any ride-sharing association is to make a reliable client for a long haul. Practices like “Flood Pricing” are getting to be scandalous among the clients.

Terrible Service Reputation: Recently, there have been accounted for instances of various maltreatment of benefits and rights. In one situation a taxi driver under one of the respectable ride-hailing stage was supposedly found thrashing a traveler. Then again, there are likewise few instances of travelers assaulting drivers excessively because of awful administrations rendered.

Absence Of A 3-Way Incentivized Economy: Most endeavors to make a blockchain answer for the issues above, end up leaving other esteem makers disregarded. This makes them reluctant to take part in the structure of the biological system.

The Solution Offered

•Decentralized Platform

Decentralization goes for moving the concentration from a focal expert to the driver accomplices. With the intensity of the Blockchain innovation, the DRIFE stage endeavors to convey another worldview to the ride-sharing situation and fathom the crowd of issues that have risen up out of the present model of brought together business. The development of the stage adds to the target of DRIFE as well as improve the general esteem gave to every one of the partners concerned like driver’s pay, suburbanites’ charge, cybersecurity and straightforward administration.

•Economical Driver Income

The DRIFE stage is created with the goal of fathoming the flow worries in the drivers’ locale, close by improving the nature of rides for the client.

Drivers are offered motivations to acquaint new drivers with the DRIFE stage; which will thus frame a social network of drivers, claimed by the drivers themselves. The outcome is a disintermediation of installment to any mediator between the driver and the client. This will rouse the new drivers to suggest different drivers until a basic number of drivers as characterized by the system are available on the DRIFE stage.

•Straightforwardness

Blockchain usage makes a completely auditable and legitimate record of exchanges that is permanent and unforgeable. With an easy to understand interface to get to the equivalent, straightforwardness in installments and passage figurings can be accomplished.

•Symbol of Honor

Not at all like the rating and assessment frameworks utilized by occupant players, DRIFE acquires a creative and all encompassing way to deal with check the administrations given by drivers and reward them likewise

The Features

•No Commission

DRIFE goes for moving the concentration from the current commission-based stages to a decentralized system with another monetary model, where 100% of the admission paid by ‘suburbanite’ goes straightforwardly to the ‘Drivers’.

•Boost Social Platform

DRIFE gives extra impetuses to its system clients contributing towards the stage’s advancement through social cooperation and system building.

•Administration

DRIFE has confidence in a majority rule commitment of system members towards money related and operational basic leadership for the stage.

•Security

DRIFE values the wellbeing of the workers and attempts to do various security keeps an eye on the drivers before on-boarding and while in administration. DRIFE likewise gives framework to broadcasting Emergency SOS flag inside the network to request help.

About The Drife Token

DRF is a utility token that will also function as a currency within our platform. It will be used to execute ride payments, access loyalty rewards and staking functions on our platform.

Token Details

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 (depends on decision-making by the community)

Whitelist: Yes

KYC: Yes

ICO Model

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 are not just restricted for services but also sold on exchanges. The Driver and rider bonus tokens are to encourage loyalty from DRIFE customers, this will be distributed in form of free miles to the early adopter of DRIFE APP for commuting, and this is given to both rider and drivers for adding new people to their network

Token Sale Details

Presale: Discount Rate-20%

Total No. of DRF to be sold => 32.5 Million

Main ICO I: Discount Rate-15%

Total No. of DRF to be sold => 65 Million

Main ICO II: Discount Rate-10%

Total No. of DRF to be sold => 65 Million

Token Allocation

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%)