Drife – Taxi 3.0 Overview

Date : 2021-05-11
Author: Chinh Nguyen
Reviewer: @namlee2u

drife

Current Problem:

Drivers are charged the commissions too high for every ride. There is no standard rate of commission charged and it has increased every year from a range of 5%-8% to 25%-30%

Drivers who have low incomes often make losses after paying for gas, insurance, maintenance and other costs.

Fare calculations in centralized ride-hailing companies are black-boxed and hidden. They can also infuse surge pricing into the platform at any
time without there being any way to verify the same.

There is dissension among drivers working for the various ride-hailing platforms across
the globe, but little has been done for the interest of the driver community.

Fundamentals:

Drife is a decentralized ride-hailing platform

Drife is the first platform in this field to express the full features of the decentralized ride-hailing
economy.

Drife Ride-Hailing Platform:

+ Franchise Model: a franchise model to the ride-hailing industry, enable by NFT technology. This will be a new business model in the ride-hailing
industry in particular and transportation in general. Drife brings the opportunity to run the operations of a highly efficient and transparent blockchain-powered taxi service anywhere

+ FNFT

+ Minting

Drife’s Smart Contracts running over the public Aeternity blockchain environment. To scale up in the future, Drife has decided to integrate a complete backend implemented in a microservices architecture pattern.

Tokenomics:

– Token Type: ERC-20
– Blockchain: Ethereum
– Token Symbol: DRF
– Total Supply: 3.25 Billion
– Token price: $0.0125

Token Ecosystem:

  •  DRF Holder
  •  Riders
  •  Drivers
  •  Community Member

TGE/Listing:

Seed:

  •  Supply: 300M
  •  Price: $0.0025
  •  Raise: $750.000
  •  TGE Circulation: $93,750
  •  Vesting Schedule: 2.5% at TGE + 12 months

Private:

  •  Supply: 400M
  •  Price: $0.00625
  •  Raise: $2,500,000
  •  TGE Circulation: $375,000
  •  Vesting Schedule: 7.5% at TGE + 9 months

Public:

  •  Supply: 20M
  •  Price: $0.0125
  •  Raise: $250.000
  •  TGE Circulation: $250,000
  •  Vesting Schedule: 100% at TGE

Token Allocation

  •  20% Foundation
  •  22.15% Token sale
  •  10% Team and Advisors
  •  30.77% Ecosystem & Rewards
  •  7.5% Research and Development
  •  9.58% Marketing & Operations

Fund Usage

  •  30% Sales and Marketing
  •  30% Operations
  •  10% Partnership & Expansion
  •  5% Legal & Compliance
  •  25% Product Development

Token Utility

  •  Platform access: pay platform subscription fee and avail discounts on rides
  •  Staking
  •  Governance

Road Map:

  • Q1 – 2021:
    + Seed round
    + Preparing for Pilot Launch
  • Q2 – 2021:
    + Private Sale –  Public Sale – Exchange
    + Listing – Pilot Launch in Bangalore, India with 2000 – Drivers & 20000 Riders
  • Q3 – 2021:
    + Staking Pool Launch
    + Franchise Applications Open
  • Q4 – 2021:
    + Platform Governance enabled – Franchise to start Operations and aid Governance
    2022 Onwards:
    + 2022 onward Franchise Launch in Tier 1 cities in India and global

Advisors:

  •  Dr. Deeban Ratneswaran – Business Advisor, GD10 Ventures
  •  Marco Calicchia – Business Director, CertiKShield
  •  Gaurav Dubey – Entrepreneur, Investor O1ex Capital, ITH, BlockGn

Investors & Partners:

  •  GD10 Ventures
  •  AU21 Capital
  •  AEVentures
  •  AEternity
  •  TDeFi
  •  Vitality
  •  o1ex
  •  Starfleet

Media:

Reference:

BTA Ventures