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About Redcab(REDC)

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What problem does RedCab solve? (or: what human needs does it satisfy?) and how exactly does it do so?

RedCab solves two problems in the car-hailing industry. The first problems are the high commissions that car-hailing services charge from each trip. RedCab is planning to reduce this commission to 0% within the next three years. This way the driver wants to get a 100% reward for his service and the rider can save money.

The second problem RedCab is solving the price during the day. RedCab has introduced the concept of "proof-of-driving" that will reward the driver with REDC tokens for each accepted ride. The token-reward rate wants to be adjusted according to the network load. This is more and more drivers looking for an opportunity to help themselves.

How is the idea monetized? How do you token holders profit?

Geo-Ads wants to get the customer through the app. The app wants to collect data about the routes of the driver and not only that. Cabbi who wants to interact with the customer during a ride in a form of chatting. With the help of Natural Language Processing (NLP) and AI technology the replies of the customer will be analyzed and used for defining the customer preferences. Local businesses want to improve the value for money.

Team

Redcab's team members.

Walid ElGendy

Walid ElGendy

Co Founder & CBO

Linkedin
Asser Yehia

Asser Yehia

Co-Founder & CTO

Linkedin
Mohamed Ameen

Mohamed Ameen

Co-founder & Creative Director

Linkedin
Fady Nashed

Fady Nashed

Founder & Chief Operating Officer

Linkedin
Majed Morsi

Majed Morsi

Media Content Creator

Linkedin

Roadmap


 
Q1 The business Idea came, and we started the business research.
Q2 Mobile App development started – first trial and error.
Q3 Market research and business iteration.
Q4 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.
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Quick notes

Tokenomics

Token Info

Available tokens: 62% Price: 1 ETH = 2333 REDC Soft Cap: 0ETH Hard Cap: 24529 ETH Buy with: ETH Platform: Ethereum Location: Egypt Restricted: Egypt, USA

Other Info

MVP/Prototype: Yes Escrow: No Category: Transportation

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What problem does RedCab solve? (or: what human needs does it satisfy?) and how exactly does it do so?

RedCab solves two problems in the car-hailing industry. The first problems are the high commissions that car-hailing services charge from each trip. RedCab is planning to reduce this commission to 0% within the next three years. This way the driver wants to get a 100% reward for his service and the rider can save money.

The second problem RedCab is solving the price during the day. RedCab has introduced the concept of "proof-of-driving" that will reward the driver with REDC tokens for each accepted ride. The token-reward rate wants to be adjusted according to the network load. This is more and more drivers looking for an opportunity to help themselves.

How is the idea monetized? How do you token holders profit?

Geo-Ads wants to get the customer through the app. The app wants to collect data about the routes of the driver and not only that. Cabbi who wants to interact with the customer during a ride in a form of chatting. With the help of Natural Language Processing (NLP) and AI technology the replies of the customer will be analyzed and used for defining the customer preferences. Local businesses want to improve the value for money.

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