The drife is a good solution to the real world problem.

Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I’m going to introduce you a new cryptocurrency based project called DRIFE

What is the DRIFE?
DRIFE may be a suburbanised ride-hailing platform battery-powered by blockchain with the intent of empowering price creators and extractors among our scheme – these embrace the drivers, Commuters, and developers community. DRIFE plans to disrupt the present business model and take away the company intermediaries concerned within the transactions.

Their ride-hailing platform has created a replacement paradigm for the ride-hailing business. Their area unit the primary platform during this niche to precise the total options of the suburbanised ridehailing economy.

The Ecosystem of DRIFE
Their platform is meant to reward contributors with incentives towards the event of the scheme. Through the DRIFE design, they’re able to fully provide the simplest service apply to change all stakeholders in our economy to derive most utility satisfaction from their product.

Drivers: It empowers the drivers in their scheme to receive the entire fare paid by the passengers as a result of our ‘no commission’ feature.

Commuters: It empowers the rider through their dApp to possess the simplest experiences per ride each in terms of platform multiple-option options and through their journey.

Developers: It incentivizes developers to make helpful tools and options to expand the platform’s economy.

Major Elements
No Commission: DRIFE aims at shifting the main focus from the present commission-based platforms to a decentralized network with a replacement economic model, wherever 100 percent of the fare paid by ‘commuter’ goes on to the ‘Drivers’.

Incentivise Social Platform: DRIFE provides extra incentives to its network users tributary towards the platform’s betterment through social interaction and network building.

Governance: DRIFE believes in a very democratic engagement of network participants towards monetary and operational higher cognitive process for the platform.

Safety: DRIFE values the protection of the commuters and endeavours to hold out multiple security checks on the drivers before on-boarding and while in commission. DRIFE conjointly provides infrastructure for broadcasting Emergency SOS signals among the community to solicit facilitate.

Solution

• Decentralized Platform

Decentralization aims at shifting the focus from a central authority to the driver partners. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-sharing scenario 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, rider’s fare, cybersecurity and transparent governance.

• Sustainable Driver Income

Our aim is to eliminate excessive transaction fees, reduce censorship (reduce interference from DRIFE side) and redistribute value back to the community, enhance transparency and return governance responsibilities back to the community. The DRIFE platform is developed with the intention of solving the current concerns in the drivers’ community, alongside enhancing the quality of rides for the customer.

• Transparency

Blockchain implementation creates a fully auditable and valid ledger of transactions that is indelible and unforgeable. With a user-friendly interface to access the same, transparency in payments and fare calculations can be achieved. We will be storing data on EOS Blockchain, which will include all the information about the Journey, Each Commuters review and feedback will be stored on the distributed ledger, Commuters will be able to view all the details of drivers.

• Badge of Honor

Unlike the rating and evaluation systems employed by incumbent players, DRIFE brings in an innovative and holistic approach to gauge the services provided by drivers and reward them accordingly

• Their Architecture: The GET model

Built over the EOS blockchain, our architecture leverages three unique properties of the parent chain: The GET model will ensure that our community is well incentivized to build the ecosystem for the next generation ride-hailing platform.

• Governance

Every nation has their laws/rules written on the constitution. Any change to the constitution can only be done by the representatives elected by the citizens. DRIFE believes in a democratic voting mechanism depending on the number of tokens staked at that moment. More the tokens staked, higher is the weightage of voting. This is followed during any decision making. The voting should not be influenced by any campaigning like activities for a decision, violating the constitution’s laws.

• Economics

It encourages active participation from the community members towards contribution by incentivizing them proportionately. Monetary interest would keep the drivers active all the time. For a driver, the incentive (in DRF token) is additional to the fare-parried. On the other side, the rider shall pay the fare either in DRF token or other token/currency. If the fare-payment is done in DRF token, then the incentive (in DRF token) is rewarded based on the rider’s behavior for that ride. DRIFE-Economics has token allocation program to incentivize the discussions among the drivers and passengers on social platform for lifetime. This would help in bettering the platform through highlighting the flaws and finding a good solution relatively.

• Technology

It plays the role of an infrastructure available for drivers and Commuters to exchange rides. And Blockchain is the medium to achieve decentralization on DRIFE platform. All forms of request are executed through different contracts like payment, ride access. As the platform scales among users in the market, there is going to be huge amount of data generated, stored on EOS. The need of recommendation would grow rapidly which can be handled very easily using Artificial Intelligence (AI), Machine Learning (ML) models. Eventually, DRIFE would be an amalgamation of Blockchain and AI technologies.

Token Detail
The Driver and rider bonus tokens are to encourage loyalty from DRIFE customers, this will be distributed in form of free miles to the early adopter of DRIFE APP for commuting, and this is given to both rider and drivers for adding new people to their network.

Token : DRF
Token Price : 1 DRF = 0.25 USD
Total supply: 325 Million DRF tokens
Pre-Sale Date: 12/01/2018–12/31/2018
Token Sale Date: 01/01/2019–02/28/2019
50% of token supply in ICO for sale: 162,500,000 DRF
Soft cap: 32,500,000 DRF (20%).
Hard cap: 162,500,000 DRF (100%)

For more information, please follow the links below:
Website: https://www.drife.one/
Bitcointalk: https://bitcointalk.org/index.php?topic=5027608.0
Lightpaper: https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf
Facebook: https://www.facebook.com/drife.official/?ref=br_rs
Twitter: https://twitter.com/Drife_official
Linkedin: https://www.linkedin.com/company/drifeofficial/
Telegram: https://t.me/drife_official

Author: lani123lani
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1220105
Wallet ETH: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923

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