#drife

Sheesha Finance and DRIFE Partner to Improve DeFi and

Dubai, UAE, May 06, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) – Sheesha Finance (https://sheesha.finance/), the first comprehensive DeFi solution for investors to easily access a variety of projects while solving issues surrounding locked crypto assets, and DRIFE (https://www.drife.io/), the first decentralized ride-sharing project built on taking zero-commission from drivers, today announced…

Abstract

Ride-hailing is a multi-billion-dollar venture which have impacted numerous urban and suburb locales to a huge degree, conveying new degrees to drivers' monetary empowerment. Presently, the major territorial inclusion for the industry ranges through USA, EU, Japan, China, India, and Southeast Asia. The present valuation for the ride-hailing market is about $36 billion USD. Examiners have anticipated this entirety will be roughly $285 billion USD by 2030 which is multiple times the present valuation and the utilization of blockchain technology as a feature of the crypto part is being created in numerous nations since society sees numerous points of interest however it is as yet not notable as despite everything it sounds un-well-known to numerous individuals. With the utilization of blockchain technology in the framework, DRIFE will have a few favorable circumstances over the current online taxi and Raids hailing services as a result of the most cutting edge innovation as of late that is blockchain technology. Among the advantages of numerous reliable blockchain advances is the likelihood of decentralized exchanges to oversee validation, classification, responsibility, and information sharing.

ABOUT DRIFE

DRIFE is a decentralized ride-hailing platform fueled by blockchain with the plan of empowering esteem makers and extractors inside their ecosystem – these incorporate the drivers, Commuters, and developers community. DRIFE platform is intended to compensate supporters with motivations towards the advancement of the ecosystem. Through the DRIFE design, they can totally offer the best service practice to empower all partners in our economy to get greatest utility fulfillment from their item.

Bit of leeway OF DRIFE

Applying Blockchain technology in the neighborhood transportation or taxi industry is just a continuation of an advancement that has continued for a considerable length of time. Everything is handled through dApps utilizing keen contracts to set up trust and every exchange turns into a piece of the blockchain – a changeless record.

A couple of platforms have endeavored the advancement of ridesharing utilizing the blockchain and keeping in mind that this is acclaimed, no single element exists in the decentralized world with a comprehensive boosted item for esteem makers of the ride hailing industry.

Drivers: DRIFE WILL empower it's drivers in their ecosystem to get the total passage paid by the travelers due to our 'no bonus' include.

Commuters: It empowers the rider through their dApp to have the best encounters per ride both as far as platform numerous choice highlights and amid their voyage.

Developers: DRIFE will boosts developers to make valuable devices and highlights to extend the platform's economy

TOKEN DETAILS

Drife token, DRF is a utility token that will also function as a currency within our platform. It will be used to 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 (depends on decision-making by the community)

Whitelist: Yes

KYC: Yes

ICO Model

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 are not just restricted for services but also sold on exchanges. 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.

For further information, please visit the following link:

Website : https://www.drife.one/

Whitepaper : https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf

Facebook : https://www.facebook.com/drife.official

Twitter : https://twitter.com/Drife_official

Telegram : https://t.me/drife_official

Introduction

Blockchain technology in the nearby transportation or taxi industry is just the continuation of a development that has continued for quite a long time. Humanity has long looked for increasingly productive advances both in transport service giving and modern organization.

From antiquated types of transportation that included trekking, the utilization of creatures and trucks, to the multifaceted nature of present-day machines, the transportation industry has formed into a compost ecosystem with fundamental authoritative divisions. Decentralization going for moving the concentration from a focal expert to the driver accomplices. With the intensity of the Blockchain technology, the DRIFE platform endeavors to convey another worldview to the ridesharing situation and fathom the swarm of issues that have risen up out of the present model of incorporated 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. DRIFE will carry all safety procedures such as:

1. Mental Test for every Driver – Following a fruitful fruition of the KYC procedure, each driver must experience a broad mental test before being acknowledged as a DRIFE Driver Partner.

2. Shared Emergency Management (SOS)- This will enable clients to deal with any crises they may experience. This will be actioned in a decentralized manner by calling upon completely dependable individuals during need, from their system.

3. Motivating forces for Community individuals for helping others amid a crisis - Depending on criticism from the individual in need, each network part who helps amid a crisis, will get compensate motivating forces for the administrations they have given.

SOME BENEFITS OF DRIFE

Drivers: It empowers the drivers in our ecosystem to receive the complete fare paid by the passengers because of our 'no commission’ feature.

• Stable and sustainable Income

• No Commission pay-out

• Network Building and passive income generation.

Commuters: It empowers the rider through our dApp to have the best experiences per ride both in terms of platform multiple-option features and during their journey.

• Economical Fares

• Safety

• A preferred list of Drivers

• Community Support

Developers: It incentivizes developers to create useful tools and features to expand the platform’s economy.

• Bug and security bounties incentives.

TOKEN DETAILS

Drife token, DRF is a utility token that will also function as a currency within our platform. It will be used to execute ride

payments, access loyalty rewards and staking functions on our platform.

• Blockchain type: EOS

• Token Type: ERC-20

• Token symbol: DRF

• Total supply: 325 Million DRF tokens

• Economic model: 1-3% annual Inflation (depends on decision-making by the community)

• Whitelist: Yes

• KYC: Yes

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 are not just restricted for services but also sold on exchanges.

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 ALLOCATION

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:

Private sale (10%) .

Social Incentive (10%).

Development pool (5%).

Team members (5%).

Founder (10%).

Bounties and Airdrop (3%).

Referral, Rewards & Bonus (5%).

Advisory (2%)

For further information, please visit the following link:

Website : https://www.drife.one/

Whitepaper : https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf

Facebook : https://www.facebook.com/drife.official

Twitter : https://twitter.com/Drife_official

Telegram : https://t.me/drife_official