ICO Review Drife

DRIFE is a nexgen decentralized ride hailing platform

WHAT IS DRIFE?

DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators within our ecosystem – these include the drivers, commuters, and community developers. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions. Our ride-hailing platform has created a new paradigm for the ride-hailing industry. We are the first platform in this niche to express the full features of the decentralized ride-hailing economy. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-hailing platform and solve the horde of issues that have emerged from the current model of centralized business. The growth of the platform not only contributes to the objective of DRIFE but also enhance the overall value provided to all the stakeholders concerned like driver’s income, commuters fare, cybersecurity and transparent governance.

WHY DRIFE?

In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems. Despite the opportunities being accorded by the blockchain enterprise, adoption for most of these platforms is still out of reach because:
“Not many real-world use cases have been fully disrupted”

ICO TOKENS DETAILS

Tokens Offered: 162.5M
Soft Cap (Public ICO): DRF 32.5M
Hard Cap: DRF 162.5 million
Private Sale: Live
50% $0.13/token
IEO Pre-Sale: 25th of Feb 2019
20% Bonus $0.20/token
IEO-Sale 1: 10th of March 2019
15% Bonus $0.21/token
IEO-Sale 2: 10th of April 2019
10% Bonus $0.23/token

Token info

Ticker: DRF
Platform: Ethereum
Token Type: ERC20
Available for sale: 162,500,000 DRF (50%)
Financial
ICO Price: 1 DRF = 0.25 USD
Accepting: ETH

PAYMENT PROCESSING FLOW

DRIFE will allow payments via cash, cards, and DRF tokens. This gives the commuter access to different payment options and choice. For every trip, the fare is paid 100% directly to the driver and thus, ensures that DRIFE has no hidden cost, charges or commission. This 100% fare payment to the driver offers major cost benefits when compared to competing ride-hailing systems, and returns all revenue back to the community where it belongs.

TOKEN ALLOCATION FORECAST

Distribution
50% ICO Public Sale
10% Founders
10% ICO Private Sale
10% Social Intencives
5% Team Vesting
5% Development
5% Referral & Rewards
3% Bounty & Airdrops
2% Advisory
Funding Allocation
30% Product Development
25% Marketing
25% Operations & Offices
15% Legal
5% Reserve

MAJOR COMPONENTS

Take a glance at the four major components of DRIFE that makes the project stand out.
No Commission
DRIFE aims at shifting the focus from the existing commission-based platforms to a decentralized network with a new economic model, where 100% of the fare paid by ‘commuter’ goes directly to the ‘Drivers’.
Incentivise Social Platform
DRIFE provides additional incentives to its network users contributing towards the platform’s betterment through social interaction and network building.
Governance
DRIFE believes in a democratic engagement of network participants towards financial and operational decision making for the platform.
Safety
DRIFE values the safety of the commuters and endeavours to carry out multiple security checks on the drivers before on-boarding and whilst in service. DRIFE also provides infrastructure for broadcasting Emergency SOS signals within the community to solicit help.

ROADMAP

Q1 – 2018
Platform Idea
The idea of Decentralized Taxi
Conversion of idea into Business Plan
Community Development
Q2 – 2018
Design
Website launch
Listing of Drife to EOS index & other EOS projects
Social media profiles
Q3 – 2018
Preparation
Listing Drife
DRIFE Technical Architecture on EOS Blockchain
Q4 – 2018
ICO Preparation
Pre-sale
Demo version of Dapp
Drife campaign
Q1 – 2019
Pre Launch & Exchange Listing
Beta version of Dapp & Drife launch
Exchange Listings
Q2- 2019
Launch
Drife to go live – Phase 1
Q2- 2019
Launch
Drife to go live – Phase 1

Team

Chong Yi Siong: CEO & CMO
Benjamin Sthavornmanee: COO
Nirmal Natarajan: CTO
Jonathan Rycx: CPO
Darren Teo: CFO
Vipul Tripathi: CCO

Advisors

Jae Yun Yeo: General Manager of Korea
Ryan Pham: Advisor
Tanee Siripong: Advisor
Chandra Tandiono: Advisor
Yulius Prasetiyanto: Advisor
Siddharth Wadehra: Advisor
Username: Kevinryan Link:https://bitcointalk.org/index.php?action=profile;u=2653700

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