ICO Review: RedCab

Name of ICO: RedCab

Summary of ICO: RedCab is a decentralised, peer-to-peer ride hailing app. RedCab will use blockchain technology and smart contracts in order to deliver fast and secure transactions. RedCab has had real world operations since 2016 and has in place a working product.

Token symbol: REDC

Price of REDC: 1 ETH = 2333 REDC

Type of token: ERC20

Payment Method: ETH

Start date: 22nd June 2018

End date: 15 August 2018

Hard Cap: 24529 ETH

RedCab Website: https://redcab.io/

RedCab Whitepaper: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf

RedCab Twitter: https://twitter.com/RedCab_LLC

RedCab Facebook: https://www.facebook.com/redcabeg/

RedCab Telegram: https://t.me/RedCab_ICO

RedCab Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3834815.0


CEO: Mohamed Mousa
CBO: Walid ElGendy
CTO: Asser Yehia

Benefits of RedCab

RedCab plans to offer the lowest price for peer to peer transport in the localities that it is offered while still providing high earnings for drivers.

Customers will be able to earn free rides through high usage of the platform. They will also be able to participate in a rewards program by referring other customers to the network.

Drivers will be able to earn tokens through proof of driving. They can earn tokens as long as they have the RedCab open are either driving or accepting customers.

Use of Proceeds

29% Product Development
41% Marketing, Acquisitions and Partnerships
13% Management & Advisory
11% Admin and Operations
6% Legal


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