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Drife

Decentralized Ride Hailing Platform

DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators within our ecosystem – these include the drivers, riders, and community developers. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions. 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: Our ride-hailing platform has created a new paradigm for the ride-hailing industry.

4.4
2 1 expert rating
Benchy 4.4
KYC
Experts
4.0
5.0
4.0
View rating distribution
Ended
2019-02-25 - 2019-03-09
45 days 11 hours left
2019-03-10 - 2019-05-09
Token
DRF
Type
Price
1 DRF = 0.25 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
ETH
Minimum investment
0.1 ETH
Soft cap
32,500,000
Hard cap
162,500,000
Country
UK
Whitelist/KYC
KYC
Restricted areas
USA, China
Visit ICO website
Report

About Drife

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”

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.

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ICO KYC Report
3 members invited
Surya Ranjith
Passed
FIRDOSH SHEIKH
Passed
Arpit Sharma
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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