7 Jul 2018

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RedCab ICO Review - Decentralized Transportation Solution

RedCab LLC is a fast forward company with a futuristic business model in the transportation space. From technical aspects of the business model, a dedicated research team spent 1 complete year researching needs, assessing market gaps and exploring potential with a focus on riders’ experience and driver needs.

RedCab LLC offers a decentralized peer-to-peer transportation solution to individuals. Utilizing the power of Blockchain technologies and a unique business model for a transparent, affordable, and innovative future. Founded in 2016, and launched in 2017 with a concrete roadmap unto the future of peer-to-peer transportation services. Proof of Driving and Proof of Marketing Concepts, AI Powered road assistant, Geo Ads for monetization, and a strong portfolio of on-ground operations in a very short time.

RedCab LLC gives the chance for everybody to freelance as integrated service providers working on peer-to-peer scale, while taxi companies operate as an aggregated professional service provider. RedCab business model is designed to deliver 100% of the benefits to users versus 100% earnings to drivers and taxi companies through decentralizing the whole process. The performance matrix and rewards program for drivers is designed to ensure that every single ride gets the highest quality from a customer experience standpoint, while a psychological factor is subtly implemented to govern the customer satisfaction part, and processes are in place to ensure the safety of both parties.


Basic Information

Token
REDC
PreICO Price
1 ETH = 2,682 REDC
Price
1 ETH = 2,333 REDC
Platform
Ethereum
Accepting
ETH
Minimum investment
0.1 ETH
Hard cap
24,529 ETH
Country
Egypt
Whitelist/KYC
Whitelist
Restricted areas
USA, Egypt

Website                        Click Here For Visit Their Website
Whitepaper                  Click Here To Read Their Whitepaper
Ann Thread                  Click Here To Get Information Update

Media Social


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



Company Background

RedCab LLC was founded by mid of 2016 to reinvent the peer-to-peer transportation solutions by solving a real problem through understanding the root causes of riders’ and drivers’ actual needs and deliver an innovative solution governed by customer experience, transparency, and efficiency. RedCab LLC gives the chance for everybody to freelance as integrated service providers working on peer-to-peer scale, while taxi companies operate as an aggregated professional service provider. Our business model is designed to deliver 100% of the benefits to users versus 100% earnings to drivers and taxi companies through decentralizing the whole process. 

The performance matrix and rewards program for drivers is designed to ensure that every single ride gets the highest quality from a customer experience standpoint, while a psychological factor is subtly implemented to govern the customer satisfaction part, and processes are in place to ensure the safety of both parties.

How Does RedCab Works?

RedCab LLC is a fast forward company with technological and futuristic business model in the transportation space. From technical aspects to the business model, a dedicated research team spent a whole year of research to gather needs, find market gaps and assess potential with a clear understanding of customer requirements and customer experience.

The first Beta version of the Mobile App went live in 2017, as part of our on-ground market research and gathering feedback. The Mobile App soft launch took place in a small touristic spot by the Red Sea for more on hand operations and to test the car-hailing service. We observed a huge potential in the industry and rising demand in metropolitan cities globally with a future expectation for the industry ballooning to reach $285 Billion by 2030.


Business Model

RedCab LCC developed a unique business model where we discovered that we can actually make money without ripping off customers or pressing on drivers’ toes. We 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. 

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. Using technology to recognize the needs based on analyzing behavior, routes, preferences, and personality preferences. 

Then offer only what is relevant will result in maximizing the fulfillment rate of such offered products or services, and lower the costs on the business owner. Our strategy also builds an emotional connection between the buyer and the offered product through personalizing the whole experience and engaging our AI-powered road assistant in day-to-day interactions to offer only what is relevant when it is relevant, hence increasing the possibility of fulfillment and driving more revenues from consequent purchases.

Hotels & Airports

From RedCab deep study and understanding of tourists and country visitors’ needs and experience,
we tailored a unique trip experience from airport to hotel and vise versa whether it’s a prescheduled
or on-demand trip. Our recommended hotels options will be sorted by proximity to airport, city or by most recommended, reviewed or ranked depending on the user profile preferences.

Delivery

With the rising demand for delivery services all over the world, retail business owners and restaurants are facing challenges providing such service due to the high cost of logistics and operations in managing a dedicated delivery fleet. Our business development team and customers’ acquisition team will work collectively to promote a world-class crowdsourced delivery fleet powered by a performance matrix and service levels to deliver a better customer experience with a fraction of the cost to business owners.

Pick up

Everyone wants something to be picked up. That is why in RedCab we’re not neglecting that feature from our business model. Since everyone connected to the RedCab network is verified through the decentralized network, the community will do the pickups depending on their location.


RedCab is committed to a transparent token sale process. RedCab will notify the public of the final
total amount of REDC tokens in circulation after the completion of the Token Sale because tokens are minted as contributors buy it. This is to maximize the value of tokens sold, scarce the supply, and create a value for token holders once we’re listed on major exchanges. RedCab will not create any new REDC tokens after the Token Sale.

Token Launch

RedCab LLC token contribution event is powered by the Blockchain community and supported by our website platform. To participate in the Token Sale, you need to visit our ICO website to register for the token contribution event. Once successfully registered, buyers will be able to purchase REDC tokens using Ethereum. 

Token buyers will be purchasing REDC tokens to be used within the RedCab Mobile App for obtaining the services. The RedCab LLC Token Sale will take place on June 01st 2018 00:00 GMT and will complete by the end of August 15th, 2018 23:59 GMT (the “Closing Date”) or until the amount of contributions received reaches the hard cap. RedCab LLC may extend the Closing Date, or shorten the event period for any reason including but not limited to unforeseen security and procedural issues with the maximum extension of 30 days.
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