RedCab LLC is a fast forward company with a futuristic business model in the transportation space.
From technical aspects to 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.
Our first beta version of the Mobile App went live in 2017 on both the App Store and Google play, and the soft launch took place in a small touristic spot by the Red Sea for more on hand operation and to test the car hailing service, which consumes a big part of our business model. We see a massive potential in the industry and rising demand in all metropolitan cities with a future growth expectation for the industry to reach $285 Billion by 2030.
The goal of RedCab’s token sale is to convert our business model from a centralized app into a decentralized ecosystem that allows access to global reach and reduce expenses of transportation for users. Saving more than $60 Billion annualy made through middlemen, raise funds to develop our infrastructure and address the growing international demand on transportation services around the globe through developing a powerful scalable tool.
Features
- Research - We move people from Point A to Point B by cars and spent 1 year of research in the transportation industry to understand potentials and technologies.
- Returns - Lowest price for peer 2 peer transportation fare for customers with high returns for drivers.
- Market - Building one community from different markets and embracing diversity for a better world.
- Technology - Developing a technical platform with a solid eye on the future. Introducing advanced technologies to the transportation industry to enhance customer experience and achieve better business results.
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 safety of both parties
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| https://redcab.io/ |
Many start-ups have been rising in the market recently to solve the transportation issue. Most of them are successful as a business, but none of them have succeeded without a social collateral damage.
Despite the fact that technology has bridged the gap for transportation needs and has successfully solved some problems in the past 10 years, this left us with multiple copycat business models without any iteration or innovation. Customers are not only searching for a trendy service, but looking for a true reliable service with sustainable quality and safety, that offers all transportation options and services with a low competitive price, and because customers hate to be abused; so on a rainy day, or a day with heavy traffic; “high rates” fare is not a good move.
From another side, the main pillar in the transportation industry are the drivers. Based on a recent survey conducted on drivers working as part time for one of the major car hailing services App, 91% of the population have joined the hailing service Apps to increase their income and 87% to work flexible shifts ². Our business model guarantees 20% increase in the income of drivers with a clear strategy to capitalize
Solution
RedCab is a decentralizing the transportation solution for individuals by utilizing Blockchain technologies for cost efficient and secure transactions. On the other hand, saving billions of dollars from transportation commission to be rewarded back to the ecosystem ensuring sustainability and business continuity through cutting edge technology, performance management and customer loyalty.
Our business model is designed to ensure smooth market penetration through lean and reliable processes, and our scoring and reward program ensures loyal and productive community.
Vision
RedCab LLC team have seen a clear opportunity in the Peer 2 Peer transportation industry for a unique business model to balance business goals and customer needs, supported by a powerful technical platform.
Blockchain technology is considered the backbone of our business model from providing secured transactions and fast contracting; it perfectly blends with our business model to deliver to the world a decentralized and community managed transportation solution ready to serve individuals and support businesses.
An existing company since 2016 with tangible on-ground operations. Bringing a globally innovative solution through the Blockchain to an existing market need with $230 Billion annual demand.
A detailed roadmap, a working product with a dedicated and resilient team.
Autobay is the first e-commerce platform based on the Ethereum blockchain that allows users to sell, buy and auction vehicles using cryptocurrencies as a payment method. Each year over 80,000,000 new cars are sold worldwide and only in the US over 100,000 used cars are sold every day, through an outdated, cash depending process. Autobay’s vision is to create real value to cryptocurrencies allowing them to act as a financial asset to purchase goods (vehicles in this case) while solving a day to day problem of the car industry, creating a much safer, simpler and secure process to purchase vehicles. Autobay’s main objective is to create legitimacy to the cryptocurrency market by allowing the use of Bitcoins (BTC), Ethereum (ETH) and Autobay Tokens (ABX) as financial assets to acquire goods (cars, trucks, and motorcycles).
With Autobay, RedCab drivers will have the opportunity to buy or upgrade a car using cryptocurrency. This way they can safely purchase a car at a low cost using cryptocurrency and then start offering their services for RedCab passengers. For the future, there will be more possibilities explored such as simplifying the payment process at Autobay for the REDC Token holders and vice versa, act as a strategic enabler in migration to Electric cars for better environmental sustainability and lower operational costs, as well as the introduction of cars’ lease options.
For Information
Website : https://redcab.io/
Whitepaper: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf
Twitter: https://twitter.com/redcab_llc
Telegram: https://t.me/redcab_ICO
ANN: https://bitcointalk.org/index.php?topic=3834815.0
Facebook: https://facebook.com/redcabeg
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