Topic: [ANN] BitCab - Ridesharing 2.0 for the blockchain age - page 14. (Read 2114 times)
Will your referral system be single-level? It just seems to me that such ideas lose relevance and effectiveness.
Was only a question of time until a blockchain Uber pops up 
Are you the first team trying to build a decentralized Uber?
Are you the first team trying to build a decentralized Uber? 
Hey there. It suddenly became interesting to me: can any entrepreneur create a small local enterprise? Have u got anything like White Label?
Here is a good question from Krezz2017 on our Russian topic - wanted to share it here (with our answers) for everyone to see.
First, BitCab will support payments in both fiat (local currency), ETH and CAB. This will enable faster adoption - as you have correctly pointed out, this will increase our target market in terms of both riders and drivers as not everyone is prepared to transact in crypto from the start.
The expectation is that most users will initially use fiat while a small group of crypto enthusiasts might use CAB and ETH from the start. The intent is then to migrate fiat and ETH users to using. This will be achieved in four ways:
1. All ecosystem participants, in addition to direct payment between the rider and the driver, will receive long term vested incentives - LT (Loyalty Tokens) - for useful actions on the ecosystem (e.g., receiving 5 star feedback for a ride or providing community support). These LT tokens will vest over time and convert to CAB - hence people will receive CAB tokens to spend. Because they receive these tokens for valuable activities, it will be easier for the users to see its value, while vested nature will increase price stability.
2. Over time transaction costs in fiat and ETH will be increased to incentivize users on all sides of the transaction to shift to CAB.
3. Shift to CAB will be seamless: the app interface will be seamless and similar to any other ride sharing app (with more gamification to make it feel more like a new smartphone game than just a ride sharing app) with all the blockchain magic happening on the back end. A CAB wallet will be generated automatically and will be fully integrated with the app - resulting in use being easy with no particular technical / blockchain skills required.
4. Hype around cryptocurrencies will help drive adoption - drivers might initially be willing to do just some of their rides for CAB to get some some tokens without buying them for cash, and then increase their share of rides for CAB as they see low transaction costs, convenience and growth in the ecosystem.
It is also important not to underestimate the importance crypto community growing exponentially around the world. Admittedly, more of them are users of ride-sharing than drivers, but when there are millions of people in both circles (crypto enthusiasts and drivers), the Venn diagram is bound to intersect. Even a few thousands of millions at the intersection would be enough to launch the platform to stratospheric growth - just look at how small groups of users far from mainstream have launched some of the most successful online platforms:
Does it make sense? Let us know if you have any further questions!
Maybe it's fine, move along the path of progress, use a chain of blocks in the project. But, what taxi drivers will use crypto currency? It is more convenient for them to use FIAT. If I'm wrong, try to convince.
Thanks for your question Krezz2017!First, BitCab will support payments in both fiat (local currency), ETH and CAB. This will enable faster adoption - as you have correctly pointed out, this will increase our target market in terms of both riders and drivers as not everyone is prepared to transact in crypto from the start.
The expectation is that most users will initially use fiat while a small group of crypto enthusiasts might use CAB and ETH from the start. The intent is then to migrate fiat and ETH users to using. This will be achieved in four ways:
1. All ecosystem participants, in addition to direct payment between the rider and the driver, will receive long term vested incentives - LT (Loyalty Tokens) - for useful actions on the ecosystem (e.g., receiving 5 star feedback for a ride or providing community support). These LT tokens will vest over time and convert to CAB - hence people will receive CAB tokens to spend. Because they receive these tokens for valuable activities, it will be easier for the users to see its value, while vested nature will increase price stability.
2. Over time transaction costs in fiat and ETH will be increased to incentivize users on all sides of the transaction to shift to CAB.
3. Shift to CAB will be seamless: the app interface will be seamless and similar to any other ride sharing app (with more gamification to make it feel more like a new smartphone game than just a ride sharing app) with all the blockchain magic happening on the back end. A CAB wallet will be generated automatically and will be fully integrated with the app - resulting in use being easy with no particular technical / blockchain skills required.
4. Hype around cryptocurrencies will help drive adoption - drivers might initially be willing to do just some of their rides for CAB to get some some tokens without buying them for cash, and then increase their share of rides for CAB as they see low transaction costs, convenience and growth in the ecosystem.
It is also important not to underestimate the importance crypto community growing exponentially around the world. Admittedly, more of them are users of ride-sharing than drivers, but when there are millions of people in both circles (crypto enthusiasts and drivers), the Venn diagram is bound to intersect. Even a few thousands of millions at the intersection would be enough to launch the platform to stratospheric growth - just look at how small groups of users far from mainstream have launched some of the most successful online platforms:
- Ebay - initial users were collectors of rare items; now it is a multi-billion dollar per year platform selling everything from electronics to cars
- Linkedin - initial users were LION (Linked In Open Network) fanatics who just wanted to connect with tens of thousands of people - now they are irrelevant for the platform, but they created the momentum which made Linkedin one of the most successful social networks in the world
- Facebook - from a few thousand Harvard students to 2 billion MAU across the world
Does it make sense? Let us know if you have any further questions!
Thank you for your comments Lucasgabd!
Quite interesting project.
Do you have a date for the beggining and end of the ICO already?
We have deliberately kept the dates open for now as we are looking to build a whitelist and conduct pre-ICO before starting the actual ICO. As a rough guideline, we intend to finish the pre-ICO by end of March and conduct the ICO in April-May.Do you have a date for the beggining and end of the ICO already?
As far as i understand there is no hard cap right?
This is correct. Our competitors are the likes of Uber and Didi Chuxing with billions of dollars of cash on hand, therefore the higher the raise, the faster we will be able to scale and outcompete them. We are confident that the superior token-driven network effects and the superior blockchain-based ecosystem will give us an unbeatable advantage against the current ride-sharing operating model therefore the amount of funding will define how fast, not "whether", we will be able to scale. Do you have a prototype of the product already or it’ll only start to be developed after
MVP is not hard to build given many ride-sharing apps exist including white label offerings. Hence there is little point in building a prototype. The more laborious part is building the full functionality on-chain, and that will happen after the ICO.Is there an active twitter and telegram already?
We have been preparing in stealth mode for several months and are entering public space today. Therefore the social media, as these topics, are also just starting out. Here is our telegram chat: https://t.me/bitcab We will be happy to see you there!Thanks.
Our pleasure! Please let us know if you have more questions. 
Quite interesting project.
Do you have a date for the beggining and end of the ICO already?
As far as i understand there is no hard cap right?
Do you have a prototype of the product already or it’ll only start to be developed after
Is there an active twitter and telegram already?
Thanks.
Do you have a date for the beggining and end of the ICO already?
As far as i understand there is no hard cap right?
Do you have a prototype of the product already or it’ll only start to be developed after
Is there an active twitter and telegram already?
Thanks.
Our team:
Arkadiy Vershebenyuk
Arkadiy led launch of Uber in Ukraine as Country General Manager and brings 17+ years of business experience in high tech startups, technology, consumer products, private equity and consulting
MBA from INSEAD
Vasyl Lenko
Technical consultant
Brings 10+ years of full stack software engineering and system architecture experience (including as CTO at IRAengine, a blockchain fintech startup, and software engineering in financial services industry)
PhD candidate in Computer Science researching AI and blockchain related topics
Andrey Teryoshin
Brings 15+ years of business experience, including at fast growth tech startups (Avito), management consulting (McKinsey), technology consulting, finance (deputy head of strategy at a leading retail bank).
MBA from SDA Bocconi (Italy) and PhD in Economics from Lomonosov Moscow State University
Ashish Porecha
Brings 11+ years both entrepreneurial and management experience in tech including product management, marketing, iOS development, social media, technology consulting and technology regulation
BA from New York University, MBA in Marketing from SDA Bocconi
Valentina Zakirova
Brings international experience in venture capital investing and technology startups development at different stages
MSc in Financial Economics from London School of Economics
Vladimir Kulpinov
Brings 5+ years of software engineering and quality assurance experience at Yandex
MSc in Finance and Applied Mathematics from Lomonosov Moscow State University
Nikita Vlaznev
Brings 8+ years of software engineering with a focus on developing cloud services and distributed databases
MSc in Information Technology from Bauman Moscow State Technical University
Ekaterina Rachkova
Brings marketing and project management experience from working at leading international companies including Boston Consulting Group and Johnson & Johnson
MBA in Marketing from SDA Bocconi
Our Advisors:
Gianluca BisceglieAdvises BitCab on investment and general business topics
Brings 17+ years of experience in technology, entrepreneurship and private equity. Founder & CEO of Visyond (an analytics startup), previously technology & innovation leader at Vodafone, VP at Mubadala, partner at Primest Capital
MBA with distinction from London Business School, Masters in Electronics Engineering from Politecnico di Torino
Alexander Kazakov
Advises BitCab on product management, technology and strategy
Brings a wealth of product management, tech entrepreneurship and software engineering experience. Senior Product Owner at Booking.com, previously CTO at Glownet (a payments startup)
MSc in Applied Mathematics, Computer Science and Systems Analysis from Lomonosov Moscow State University, MSc in digital business from IE business school
Ekaterina Rodionova
Advises BitCab on legal and compliance matters
Brings 6+ years of legal experience from PricewaterhouseCoopers and venture capital funds
MSc in Law from Lomonosov Moscow State University
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