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: 162.5MSoft Cap (Public ICO): DRF 32.5MHard Cap: DRF 162.5 millionPrivate Sale: Live50% $0.13/tokenIEO Pre-Sale: 25th of Feb 201920% Bonus $0.20/tokenIEO-Sale 1: 10th of March 201915% Bonus $0.21/tokenIEO-Sale 2: 10th of April 201910% Bonus $0.23/token

Token info

Ticker: DRFPlatform: EthereumToken Type: ERC20Available for sale: 162,500,000 DRF (50%)FinancialICO Price: 1 DRF = 0.25 USDAccepting: 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

Distribution50% ICO Public Sale10% Founders10% ICO Private Sale10% Social Intencives5% Team Vesting5% Development5% Referral & Rewards3% Bounty & Airdrops2% AdvisoryFunding Allocation30% Product Development25% Marketing25% Operations & Offices15% Legal5% Reserve

MAJOR COMPONENTS

Take a glance at the four major components of DRIFE that makes the project stand out.No CommissionDRIFE 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 PlatformDRIFE provides additional incentives to its network users contributing towards the platform’s betterment through social interaction and network building.GovernanceDRIFE believes in a democratic engagement of network participants towards financial and operational decision making for the platform.SafetyDRIFE 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 – 2018Platform IdeaThe idea of Decentralized TaxiConversion of idea into Business PlanCommunity DevelopmentQ2 – 2018DesignWebsite launchListing of Drife to EOS index & other EOS projectsSocial media profilesQ3 – 2018PreparationListing DrifeDRIFE Technical Architecture on EOS BlockchainQ4 – 2018ICO PreparationPre-saleDemo version of DappDrife campaignQ1 – 2019Pre Launch & Exchange ListingBeta version of Dapp & Drife launchExchange ListingsQ2- 2019LaunchDrife to go live – Phase 1Q2- 2019LaunchDrife to go live – Phase 1

Team

Chong Yi Siong: CEO & CMOBenjamin Sthavornmanee: COONirmal Natarajan: CTOJonathan Rycx: CPODarren Teo: CFOVipul Tripathi: CCO

Advisors

Jae Yun Yeo: General Manager of KoreaRyan Pham: AdvisorTanee Siripong: AdvisorChandra Tandiono: AdvisorYulius Prasetiyanto: AdvisorSiddharth Wadehra: Advisor

FOR MORE INFORMATION CLICK LINK BELLOW:

Website: https://www.drife.one/Lightpaper: https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdfANN Thread: https://bitcointalk.org/index.php?topic=5076512Telegram: https://t.me/Drife_officialchatFacebook: https://www.facebook.com/drife.officialTwitter: https://twitter.com/Drife_officialMedium: https://medium.com/@drife_officia

Username: Kevinryan

Link:https://bitcointalk.org/index.php?action=profile;u=2653700