The blockchain technology has also gotten into the transportation sector, by offering a decentralized transportation solution on the RedCab platform. The future is definitely here as no industry wants to be left behind, as all want to take advantage of the advancements the technology is able to offer.
ABOUT RedCab
RedCab is an intensively developing company with a technological and futuristic model of doing business in the transportation space. The project team spent a year on research to gather requirements, find the gaps in the market and to assess the potential. The company has a clear understanding of customer requirements and customer experience.
RedCab was established to ensure it offers a seamless peer to peer transportation solution. A solution that individuals and business are able to enjoy and exploit thanks to the decentralized system that has been effectively offered on the blockchain technology.
The goal of RedCab is to transform their business model into a decentralized network that allows access to global markets with a transparent approach, reduce transportation costs for end users, saving more than $ 60 million made through business intermediaries, and develop infrastructure to meet the growing international demand for transportation services worldwide by developing a powerful scalable tool.
The first beta version of the mobile application RedCab out in 2017 in the framework of our studies of terrestrial market and collect feedback. The launch of the mobile application took place on the shore of the red sea. There is a huge potential in the industry and growing demand in major cities around the world, with industry expected to grow to $ 285 billion by 2030.
RedCab FEATURES
The platform has been designed with desirable features to ensure they provide their investors with more than the counterparts in the market. Some of the features you could look out for, or rather, look forward to are as follows:
Extensive Research
The company has done extensive one-year research on the transport industry. The potentials the market is able to offer, experiences and the technologies that are available. It is all to ensure they are ahead of the game when they get in.
The Best Returns
From the extensive research carried out the company was able to formulate a business strategy that will offer the best returns to its investors and drivers. But this is not all as customers will also be enjoying the lowest rate in the market, a win-win for all.
Understanding The Market
The research the company carried out facilitated in fully understanding how the market operates, to ensure there is nothing but success on the platform. As a result, the company is able to build one community from the different markets available while still embracing the diversity that exists between people.
The Best Technology
The company has invested in the best technology the market is able to offer, as they are developing a platform that is fixed on the solid eye of the future. Thus, they are able to introduce advanced technologies to the transportation sector, to ensure they are enhancing the customer experience. As a result, aiding the company to achieve better business results than ever before.
HOW RedCab WORKS
RedCap is set up to solve the market pains that often occur in the transportation system so far. These problems include:
Drivers and Riders earnings are getting much lower which costs the business more money to keep drivers on board.
High commission fees and a variable trip fare according to supply and demand, which conflicts with customer experience & drivers return on investment.
High cost of customer acquisition and market penetration due to the dependency on promotions, discounts and drivers guarantee and bonus To create a chain of supply and demand network.
Through decentralized peer-to-peer transportation and the power of Blockchain technologies, RedCap offers several solutions as follows to kick those problems out.
Transparent Commission scheme
RedCab LCC developed a unique business model where RedCab discovered that RedCab can actually
make money without ripping off customers or pressing on drivers’ toes. The company will not take a cut from the trips. 100% of the price paid by the rider goes to the driver, and because the whole process is decentralized, the rider pays less, and the driver gets all of the money.
Personalized Geo-Ads
RedCab LCC main monetization pillar is Geo Ads, where Hotels, shopping malls, restaurants, cafes, clubs, etc. will push offers and promote their products on the Mobile App map depending on an algorithm analyzing historical data for each rider, and showing only what is relevant to capitalize on the fulfillment KPI and drive profitability.
In the upcoming new era, people won’t just buy products because they’ve seen a nice ad or because the offered service was portrayed nicely. Marketing is evolving, and at RedCab, we’re aboard that train. Specialized, tailored and guaranteed to succeed ads. This is what the people will spend their money on in the future.
Scheduled Rides
To get better insights about our customers’ behavior, and our sense of urgency when it comes to time-saving for business trips, and how we plan for network dominance and workload balance, We powered our App with a pre-scheduled option and highlighted this feature. You can simply manage your whole schedule through planning your road trips through timer and notifications, it’s convenient to catch your plane, attend your meeting, or an event without the fear of missing out.
RedCab TOKEN (REDC) ICO Details
The REDC Token will be used as a utility token, one which you could use on your day to day transactions. As a result, the coin will be able to create the needed demand, but this will be over a limited capped supply. If you are interested in a coin it will go for about 1 ETH = 2333REDC.
The company will be having a private pre-sale that will start in the next 15 days. During the pre-sale buyers will be able to enjoy a large bonus of about 40%, but this is for a limited time so ensure to get register to enjoy the bonus.
Once you have registered individuals will go through a vetting process, and for the qualified parties they will be provided with the needed information to make sure they purchase the coins on time, but there is a minimum requirement that is a minimum contribution of 10 ETH is expected.
REDC ICO DETAILS
General Info
Category: Transportation, Tourism & Logistic
Country: Egypt
Website: Visit
Whitepaper: Read
Bounty: Join
Token Info
Token: REDC
Platform: Ethereum
Type: ERC20
Price in ICO: 1 ETH = 2333 REDC
Tokens for sale: 62.000.000 REDC
Investment Info
Accepting: ETH
Min. Investment: 0.1 ETH = 233 REDC
Hard Cap: 24529 ETH
MILESTONE
2016 Q1
The business Idea came, and we started the business research.
Q2 2016
Mobile App development started – first trial and error.
Q3 2016
Market research and business iteration.
Q4 2016
Mobile app MVP launch.
Go live on Google Play with both driver and rider clients.
Q1 2017
Go live on iTunes App Store with both clients and operations commencing in one Coastal City.
Q2 2017
Company legal setup.
First website launched www.red-cab.co.
Q3 2017
Raised First Round of Investment.
Q4 2017
Operations expansions to 2 coastal cities Partnership with Sierra Global Solutions.
Q1 2018
Launch and redesign new Website www.redcab.co.
Creation of brand identity.
Q2 2018
Soft Launch & Community Building.
Partnership with Vestedsummit.com & SkaleUP Ventures.
www.redcab.io acquisition
Q3 2018
REDC Token creation and ICO launch Partnership with BitPeaks.com.
Q4 2018
End of Token Sale and token distribution to contributors.
Massive Email Campaign, Social Media & Digital PR to introduce RedCab to the world.
Partnership with doPAY payment processor.
Q1 2019
Listing of REDC token in 2 of Top 10 Crypto Exchanges.
Listing on CoinmarketCap.com.
Start developing RedCab Dapp with wallet integration.
Invest in Infrastructure.
Q2 2019
Expansion of on-ground operations in selected cities in EMEA and LATAM regions.
Partnership with an Airline (Name to be be confirmed).
Q3 2019
Proof of Driving and Proof of Marketing product development.
Expand our Travel Service Partners, hotels, and restaurants.
Listing of REDC Tokens in 1 Top 5 Crypto Exchanges.
Q4 2019
Release of iOS and Android release 2.0 with wallet integration and Cabbi smart bot introduction.
Expand Offices in Europe & Asia Markets.
Q1 2020
Phase 2 of Massive marketing campaign.
Raise round 2 of investment.
Listing of REDC Tokens in two Top 5 Crypto exchanges.
Q2 2020
RedCab Platform development.
Data mining and Geo-Ads introduction.
Introduce Proof-of-Driving and Proof-Of-Marketing.
Release of dAPP. Decentralized Escrow Exchange for REDC Tokens to trade fiat currency in exchange of REDC.
Q3 2020
Partnership with sports, celebrities, and public figures for Marketing and exposure.
Q4 2020
Expand on-ground operations to North America.
Q1 2021
Listing on all Top 5 Crypto exchanges.
RedCab TEAM
Team Member
Board of Advisers
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