Cabbi is registered as a trademark class 42 within the jurisdiction of Egypt in accordance with the Intellectual Property Law No. 82/2002. and we based the +4000 growth on the exponential forecasted growth of our network of users based on 3 levels referral program during the next 5 years.RedCab's expansion plan within the US is planned in Q4 2020 as mentioned in our roadmap and in Asia 1 year before that. Our expansion strategy relies on gradually reducing the cut percentage taken from the trip until we reach our model of 100% earnings to drivers and the only cost to the consumer is the fare of the trip through decentralizing the whole process by mid-2020. While the main cash cow relies on Geo ads contracts from commercial entities interested in targeting certain segments with specialized and tailored ads to lower their marketing costs and increase the fulfillment of provided ads.The market in Asia and the US is heavily dominated by big funded centralized companies indeed as Uber, Lyft, Cabify, grab, etc. However with our business model, and Proof of Driving integration to motivate drivers to get on the wheel to generate tokens as long as they're driving and accepting trips, we lower our operating costs and Proof of marketing to get our customers promote the app to their network and make tokens as long as their network of users are using the app, we lower our marketing costs. Our competitive advantage increases over time due to the inability of competitors to compete without taking a cut from the trip because their only sources of revenues are based on the high commission they obligate the drivers to pay, and the average cost to consumers after including the surged trips.Over time the RedCab network will eventually grow exponentially based on genuine demand from users because it offers a win-win situation for both parties, and while our costs are indirectly controlled as mentioned above, profits will be driven to the company as a consequence with above average annual ROI to our investors, hence giving us the opportunity to re-invest in R&D, acquisitions and carefully expand further.The plan is lowering our operating costs while growing the network of users and acquire market share while driving revenues from a different stream.

Cabbi is registered as a trademark class 42 within the jurisdiction of Egypt in accordance with the Intellectual Property Law No. 82/2002. and we based the +4000 growth on the exponential forecasted growth of our network of users based on 3 levels referral program during the next 5 years.RedCab's expansion plan within the US is planned in Q4 2020 as mentioned in our roadmap and in Asia 1 year before that. Our expansion strategy relies on gradually reducing the cut percentage taken from the trip until we reach our model of 100% earnings to drivers and the only cost to the consumer is the fare of the trip through decentralizing the whole process by mid-2020. While the main cash cow relies on Geo ads contracts from commercial entities interested in targeting certain segments with specialized and tailored ads to lower their marketing costs and increase the fulfillment of provided ads.The market in Asia and the US is heavily dominated by big funded centralized companies indeed as Uber, Lyft, Cabify, grab, etc. However with our business model, and Proof of Driving integration to motivate drivers to get on the wheel to generate tokens as long as they're driving and accepting trips, we lower our operating costs and Proof of marketing to get our customers promote the app to their network and make tokens as long as their network of users are using the app, we lower our marketing costs. Our competitive advantage increases over time due to the inability of competitors to compete without taking a cut from the trip because their only sources of revenues are based on the high commission they obligate the drivers to pay, and the average cost to consumers after including the surged trips.Over time the RedCab network will eventually grow exponentially based on genuine demand from users because it offers a win-win situation for both parties, and while our costs are indirectly controlled as mentioned above, profits will be driven to the company as a consequence with above average annual ROI to our investors, hence giving us the opportunity to re-invest in R&D, acquisitions and carefully expand further.The plan is lowering our operating costs while growing the network of users and acquire market share while driving revenues from a different stream.

Our platform will continue to develop regardless of the amount raised through our upcoming ICO. We raised our first round of investment in August 2017 and we used the funds to develop our MVP and start our on-ground Operations. We're planning to raise another round of investment by Q1 2020. That's why we're launching an ICO to give the community the opportunity to crowdfund the company and help us grow, develop our product and invest in infrastructure and marketing, list our REDC utility tokens in exchanges and consequently, appeal to investors when we raise our 2nd round.To dodge the heavy competition from big funded centralized players, our strategy is to acquire market share in touristic spots because the competition is not as heavy as in capitals or big cities over there and will allow us to grow. Our first coastal city was Hurghada - It's a beautiful spot by the Red Sea. You should visit sometimes btw. Our second spot was ElGouna which is also a small touristic spot by the Red Sea. We're planning selected cities in Latin America, Europe, Asia Pacific and Europe gradually during the next 3 years.We are confident in our ability to compete with big players because our business model is different, it is backed up by the community, and is solving a real problem while being affordable to the consumer from other companies yet more profitable to the driver. We're building Redcab to last, and that's why we have a strategy to subtly acquire market share and expand carefully till we have strong roots that'll allow the business to withstand heavy competition.

Our platform will continue to develop regardless of the amount raised through our upcoming ICO. We raised our first round of investment in August 2017 and we used the funds to develop our MVP and start our on-ground Operations. We're planning to raise another round of investment by Q1 2020. That's why we're launching an ICO to give the community the opportunity to crowdfund the company and help us grow, develop our product and invest in infrastructure and marketing, list our REDC utility tokens in exchanges and consequently, appeal to investors when we raise our 2nd round.To dodge the heavy competition from big funded centralized players, our strategy is to acquire market share in touristic spots because the competition is not as heavy as in capitals or big cities over there and will allow us to grow. Our first coastal city was Hurghada - It's a beautiful spot by the Red Sea. You should visit sometimes btw. Our second spot was ElGouna which is also a small touristic spot by the Red Sea. We're planning selected cities in Latin America, Europe, Asia Pacific and Europe gradually during the next 3 years.We are confident in our ability to compete with big players because our business model is different, it is backed up by the community, and is solving a real problem while being affordable to the consumer from other companies yet more profitable to the driver. We're building Redcab to last, and that's why we have a strategy to subtly acquire market share and expand carefully till we have strong roots that'll allow the business to withstand heavy competition.