Hello Friends, my name is donny today i want to review to you about these great project ICO named DRIFE, ok lets start the article.

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What is the DRIFE?

DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators and extractors within our ecosystem – these include the drivers, Commuters, and developers community. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions.

Their ride-hailing platform has created a new paradigm for the ride-hailing industry. Their are the first platform in this niche to express the full features of the decentralized ridehailing economy.

DRIFE will disrupt existing business models and remove the corporate intermediaries involved in transactions. Our ride-hailing platform has created a new paradigm for the ride-hailing industry. We are the first platform in this niche to express the full features of the decentralized ride-hailing economy.

Why DRIFE

In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems.

Background
It was in 2009 that the traditional taxi industry got disrupted by a company called Uber. It was an innovative idea of connecting the passengers and drivers through a platform. During the following years, other companies appeared in countries like Ola in India, Didi in China, Grab in Singapore, Careem in Dubai and so on.

Ride Hailing on a Decentralized Blockchain

Applying Blockchain technology in the local transportation or taxi industry is only a continuation of an evolution that has gone on for centuries. Everything is processed through dApps using smart contracts to establish trustlessness and each transaction becomes a part of the blockchain – an immutable record.

The Ecosystem: VALUE CREATORS & EXTRACTORS

Their platform is designed to reward contributors with incentives towards the development of the ecosystem. Through the DRIFE architecture, they are able to completely offer the best service practice to enable all stakeholders in our economy to derive maximum utility satisfaction from their product.
Drivers: It empowers the drivers in their ecosystem to receive the complete fare paid by the passengers because of our 'no commission’ feature.
Commuters: It empowers the rider through their dApp to have the best experiences per ride both in terms of platform multiple-option features and during their journey.
Developers: It incentivizes developers to create useful tools and features to expand the platform’s economy.

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.

Project features

The decentralized DRIFE (http://drife.one/) platform can have a positive impact on passenger transportation by reducing the cost of travel, as well as increasing income for drivers. The project will be based on the EOS blockchain, where all the necessary data will be stored. In addition, an important feature is the presence of a voting system that can bring the platform to a new level by timely improvement and solving problems. It should be noted that there is a loyalty system for customers who pay for travel with the help of internal tokens of the project.

Principle of operation

The main participants of the platform will be drivers and passengers. Drivers will be able to use the Drife platform to receive 100 percent payment from passengers. However, drivers will be required to pay an annual membership fee to receive this benefit. Payment of this fee can be paid either in the tokens of the site or in Fiat. It is important to note that this contribution will act as collateral. If the driver wishes to leave the platform, he can withdraw his funds at any time.

Passengers will be able to use cash, credit or debit cards, as well as Drife platform tokens to pay for their trips. However, in the latter case, passengers will be able to receive additional discounts. It is worth noting that for decent behavior during the trip and for the left assessment drivers and passengers will be able to receive additional bonuses in the form of coins of the site. Also, considerable attention should be paid to the driver search system, which will replace the usual GPS on the services of platforms Foam or XAO, providing more accurate information. The work of these platforms is also based on Blockchain technology.

We highlight the distinctive features of the platform:

No fee charged. Since the network is decentralized, this means that there are no middlemen, and that the total cost of the trip goes to the driver.
High security. Since the platform developers pay special attention to safety, it is planned to introduce thorough checks of drivers before leaving.
The practical significance of the idea. Over the past ten years, many projects based on blockchain technology have appeared. Of course, many of them are admired by the introduction of innovative technologies, the use of artificial intelligence. But, it is important to note that the vast majority has no practical significance. That is why the implementation of this project is able to make life easier not only for people who from time to time use the services of passenger transportation, but also for people who are directly engaged in this field.

Problem

Cost: The main aim of any rid-sharing organization is to create long term loyal customers. For a long time, prices have been surging and currently up to 25 percent commission can be charged by a taxi service. Passengers and drivers have been searching for alternatives.
Bad Service: A good reputation is essential for a company to survive and in this industry, passenger safety is the most important aspect. There have been incident reports where actual physical abuse has taken place by both the driver and passenger.
A Centralized service: Apart from a high level of government control, there are other problems associated with a fully centralized service of this nature. These include exploitation of commission charges and personal data breeches also with the risk of identity theft.

Solution

Using blockchain technology DRIFE will create a fully transparent auditable and immutable ledger of transactions with a friendly user interface to access all the data of fare payment details.
All DRIFE customers will be able to view full driver details including comments and feedback by other passengers. All the comments and journey experience will be stored n the distributed ledger. The DRIFE mobile app will incorporate a unique ‘SOS’ call function for emergency any situations.
DRIFE addresses these problems with a unique system where driver income, the passenger’s fare and the total commission is transparently stored. Within our own governance, we will ensure that the latest cyber-security systems are in place to protect our customer data.

TOKENOMICS

Drife token, DRF could be a utility token which will conjointly perform as a
currency inside our platform. it'll be accustomed execute ride
payments, access loyalty rewards and staking functions on our
platform.

Blockchain type: EOS
ICO Token Type: ETH ERC-20 Compliant Token
Token symbol: DRF
Total supply: 325 Million DRF tokens
Economic model: 1-3% annual Inflation
Whitelist: YES
KYC: YES

ICO Tokens Details

DRF tokens will be pegged at the value of $0.25 USD 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%).
After the ICO these utility tokens aren't simply restricted for services however conjointly sold-out on exchanges.
The Driver and rider bonus tokens area unit to encourage loyalty from DRIFE customers, this may be distributed in style of free miles to the first parent of DRIFE APP for travel, and this is often given to each rider and drivers for adding new individuals to their network.

Token Allocation Forecast

Distribution: Overall, 325,000,000 tokens will be released. The hard cap of the tokens for sale is 60%. The remaining 50% of total emitted tokens will be divided amongst the Private sale (10%) Social Incentive (10%), Development pool (5%), Team members (5%) founder (10%), bounties and Airdrop (3%), Referral, Rewards and Bonus-5%, Advisory (2%).
Funding Allocation: All funds contributed as a part of the pre-sale are used for development, testing and unharness of Minimum Viable Product(MVP). moreover, these funds are wont to support community building campaigns. Funds contributed as a part of ICO are spent on rolling out the ultimate version of the platform and its thought adoption. Areas on that ICO funds are spent embrace product enhancements (including bug bounties), third party audits, testing, selling and reserves for any potential contingencies. Break down of funds which will be spent on every space are often seen within the given chart to the left.

The Roadmap

Q1 - 2018

Platform Idea

The idea of Decentralized Taxi

Conversion of idea into Business Plan

Community Development

Q2 - 2018

Design

Website launch

Listing of Drife to EOS index & other EOS projects

Social media profiles

Q3 - 2018

Preperation

Listing Drife

DRIFE Technical Architecture on EOS Blockchain

Q2- 2019

Launch

Drife to go live - Phase 1

Q1 - 2019

Pre Launch & Exchange Listing

Beta version of Dapp & Drife launch

Exchange Listings

Q4 - 2018

ICO Preperation

Pre-sale

Demo version of Dapp

Drife campaign

Q3 - 2019

Phase 2 Launch

Drife to go live - Phase 2

Q4 - 2019

Phase 3 Launch

Drife to go live Phase 3

Q1 - 2020

Expansion

Growing Globally

Enhance Technology

Team

The development team consists of people interested in the successful implementation of the project. That is why it includes only real professionals, including experts in the field of marketing, strategic development, blockchain technologies, public relations and many others.

Conclusion

This DRIFE project is characterized by a socially significant and practically applicable concept that can significantly improve the conditions of cooperation between customers and drivers in the implementation of passenger traffic. Thus, the creation of a decentralized platform will eliminate third parties, and thus increase the income and attractiveness of the work. A carefully thought-out concept of the platform and a competent approach to its launch and further development can make it very popular among all participants. For example, for drivers, the implementation of the project can increase revenue and make it more stable and sustainable, remove fees for the services of dispatching companies.