Drife is a decentralized rid summoning platform powered by the blockchain. Its main intention is empowering the value of creators within the ecosystem that includes commuters, drivers and community developers. The development of this platform is not only contributed to an aim of Drife, but also improves the complete value offered to the entire stakeholders concerned such as commuters fare, the income of drivers, transparent governance and cybersecurity as well. Drife can use a technology named as ICO, i.e. Initial Coin Offering for increasing funds for new projects by means of token sales to the investors.
Reason or problem that exists in ICO
The major problem exists in ICO is unsustainable driver income. Actually, the current aggregators have maximized their commissions up to 20–30% of trip value from a starting range of 15–18%. According to the study about increasing concerns over labor standards, some of the drivers can end up in losing money, after maintenance, insurance, and other prices as well.
The solution to ICO problems
Drife platform is actually made with a great intention of solving the existing concerns in the community of driver and also enhances driver’s ride quality.
Features that the token is implementing
The term ICO stands for initial coin offering, which is similar to Initial Public Offering. It can be a source of capital for the startup companies. In this token, the amount of crowdfunded cryptocurrency is just selling to the investors or speculators by simply riding in this type of tokens. Below are the lists of features that the token is implementing that including:
Participate in an economy, project or decentralized autonomous organization.
Toke ICO sells the right of royalties or ownership to a projects or DAO.
Majority of ICOs involves the building of a defined number of tokens before to sale.
This token has several rounds of fund increasing.
ICOs conclude once the tokens are tradable in an open market
The roadmaps that Drife doing is including the following:
Platform idea — The concept of Decentralized Taxi Conversion of ideas into Business Plan
Design — Creating websites and social media accounts.
Preparation — DRIFE Technical Architecture implemented on the EOS Blockchain —
Launch — The platform will go live.
ICO preparation — Presale will be initiated and a demo version of Dapp.
Pre-launch and exchange — The beta version of Drift and Dapps is implemented. Also listing Drift on the exchanges.
Phase II launch and Phase III launch— Drife goes live.
Expansion — The platform will be global and have developed enhance technology.
Information about Drife
The Drife has successfully run its company with a great support of their team members. In this community, there are 12 members working in a form of team at various designations such as Co-Founder and Chief Executive Officer, Co-Founder and CFO, CTO and architect, chief marketing officer, chief operating officer, chief strategy officer, IT infra consultant, lead block chain developer, marketing and research, content and press release, product designer and legal as well as compliance.
Here is a list of the team:
Firdosh Sheikh — Co-Founder & CEO
Surya Ranjith — Co-Founder & CFO
Abhijit Roy — CTO & Architect
Andrew Willis — Chief Strategy Officer
Arpit Sharma — Chief Operating Officer
Mudit Marda — Lead Blockchain Developer
Debraj Ghosh — IT Infra Consultant
Syed Adil Nawaz — Product Designer
Abhilash Verkey — Marketing & Research
Emmanuele — Content & PR
Samarth jain — Legal & Compliance
Information about ICO token
The ICO token is a fund increasing mechanism in which several new projects are selling their underlying crypto tokens in exchange for either and bitcoin. It is similar to IPO that allow investors to buy shares of the company. Actually, this ICO token pool corresponds to the utmost benefit of 10% in the complete token supply. After the time of contribution, the SGT can be transferred into the ICO distribution.
Token sell information
Tokens Offered: 163M
Soft Cap (Public ICO): DRF 4M
Hard Cap: DRF 39 million
Private Sale: $0.13/token with 50% bonus
Pre-Sale: $0.20/token with 20% Bonus
ICO-Sale 1: $0.21/token with 15% Bonus
ICO-Sale 2: $0.23/token with 10% Bonus
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