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