Redcab: Your Trip at a Fingertip

RedCab LLC is a decentralized peer-to-peer transportation solution powered by blockchain technology

and governed by smart contracts.

The company writes that they are “a fast forward company with a technological and futuristic business model in the transportation space. From technical aspects to the business model, a dedicated research team spent a whole year of research to gather needs, find market gaps and assess potential with a clear understanding of customer requirements and customer experience.”

Their first Beta version of the Mobile App went live in 2017, as part of their on-ground market research and gathering feedback. The Mobile App soft launch took place in a small touristic spot by the Red Sea for more on hand operations and to test the car-hailing service. RedCab observed a huge potential in the industry and rising demand

in metropolitan cities globally with a future expectation for the industry ballooning to reach $285 Billion by 2030.

The goal of the RedCab “Token Sale” is to convert their business model into a decentralized ecosystem that allows access to global markets with a transparent approach, reduce expenses of transportation for end users saving more than $60B made through middlemen businesses, and to develop their infrastructure to address the growing international demand on transportation services around the world through developing a powerful scalable tool.

RedCab LLC was founded in mid-2016 to reinvent the peer-to-peer transportation solutions by solving a real problem through understanding the root causes of riders’ and drivers’ actual needs, and deliver an innovative

solution governed by customer experience, transparency, and efficiency.

RedCab LLC gives the chance for everybody to freelance as integrated service providers working on peer-to-peer scale, while taxi companies operate as an aggregated professional service provider. The company writes that their “business model is designed to deliver 100% of the benefits to users versus 100% earnings to drivers and taxi companies through decentralizing the whole process.”

Furthermore, “the performance matrix and rewards program for drivers is designed to ensure that every single ride gets the highest quality from a customer experience standpoint, while a psychological factor is subtly implemented to govern the customer satisfaction part, and processes are in place to ensure the safety of both parties.”

ICO Details

The pre-ICO sale begins on June 1st and runs until June 21st, 2018. Their main ICO sale begins on June 22nd, 2018 and runs until August 15th, 2018. Their REDC token is priced at 0.00042 ETH. It is running on the Ethereum platform and can be purchased using ETH.