Topic: [ANN][ICO]🗺️RedCab AI-based Decentralized peer2peer transportation solution🚗🚗 - page 56. (Read 101830 times)

There is a new article published on the RedCab Blog explaining the revenue model of RedCab. Check it out and share your thoughts

https://medium.com/redcab/how-does-the-revenue-model-of-redcab-work-f0d59dde0f84

I would recommend each one, who is interested in some information concerning the project; the tokens’ price and all the other stuff about Money Token join telegram chat with Money Token followers and the project developers. Administration gives the answers on all the questions.

A new video tutorial was published today on the RedCab YouTube Channel explaining how to order a RedCab via App:

https://www.youtube.com/watch?v=DC7U2ktd3V4

If you still have questions about the Proof of Driving & Proof of Marketing, RedCab Co-Founder and CEO Mohamed Mousa has wrote an interesting and detailed article explaining both concepts 


https://medium.com/redcab/redcab-proof-of-driving-proof-of-marketing-explained-88ca414b45f3

We came across this SWOT analysis of our project and we were amazed by the thorough overview.

We sent them an email to understand how can we improve our score at the strengths and opportunities sections of the analysis, nevertheless, the criteria that define other aspects so we can improve on it?

Our priority now is indeed to work on the weaknesses. We started by updating our Github repo with our utility token ERC20 smart contract. https://github.com/Redcabllc/REDC

Partnering with a large company might be a challenge due to the scale of operations and cooperation at this phase, and the demands and/or financial obligations that such partnership might oppose on us. We strategically chose to partner with 5 start-up companies to become partners in success and grow together quicker.

RedCab LLC. was founded in 2016. We launched our MVP in late 2017 and started on-ground operations already in moving people from point A to point B within a tactically selected touristic spot by the Red Sea. Our ambitious roadmap will continue to develop regardless of the amount raised through our upcoming ICO. We raised our first round of investment in August 2017 and we used the funds to develop our MVP and start our on-ground Operations. We're planning to raise another round of investment by Q1 2020. That's why we're launching an ICO to give the community the opportunity to crowdfund the company and help us grow, develop our product and invest in infrastructure and marketing, list our REDC utility tokens in exchanges and consequently, appeal to investors when we raise our 2nd round. Our token distribution was built on a 38/62 rule with a total of 38% reserved tokens and with the 62% for crowdfunding being minted as contributions are sent to the contract address, hence we start the supply with 0 and build up. Total Circulating Tokens post-ICO will be 38,000,000 REDC + Minted REDC tokens from Private Sale + Minted REDC Tokens from PreSale + Minted REDC Tokens from Crowdsale.

To dodge the heavy competition from big funded centralized players, our strategy is to acquire market share in touristic spots because the competition is not as heavy as in capitals or big cities over there and will allow us to grow. Our first coastal city was Hurghada - It's a beautiful spot by the Red Sea. You should visit sometimes btw. Our second spot was ElGouna which is also a small touristic spot by the Red Sea. We're planning selected cities in Latin America, Europe, Asia Pacific and Europe gradually during the next 3 to 5 years.

We are confident in our ability to compete with big players on the long run because our business model is different and robust, it is backed up by the community, and is solving a real problem while being affordable to the consumer from other companies yet more profitable to the driver. We're building Redcab to last, and that's why we have a strategy to subtly acquire market share and expand carefully till we have strong roots that'll allow the business to withstand heavy competition as we gradually ramp down from our current centralized business model and ramp up our completely decentralized model within the next 3 years as mentioned in our roadmap.

We noticed that some information was required, thus we will try to respond as much as we can.

·       about the experience of the founders in the implementation of a successful business.
The team behind RedCab has a track record in a combined professional experience of over 150 years in various industries, start-ups, roles, functions, and countries.
Our team of Advisors shares the success of implementing successful and tangible businesses and we’ve worked very closely since the birth of our company as not to reinvent the wheel and to share the best practice in success.
We’re bringing along our path to success experts and professional personnel to help us build our company.
·       about compliance with the legislation requirements of the securities market and on the taking preventive measures.
We’re creating a utility token to be used within our platform, and we are not selling securities as carefully mentioned in our terms and conditions. Due to capped supply, and organic growth of demand in our service, the logical consequence of expected ROI will occur which will allow us to reinvest in infrastructure and grow further.
Preventive measures in restricting investments from selected countries were taken.
·       about compliance with the legislative requirements for personal data protection and about the development of a Privacy Policy
Our privacy policy is available on our website and updated as of May the 1st 2018. Due to the fact that we do not operate within the EU, the GDPR privacy policy update does not apply to the services we provide at the moment, thus not obligate us to update our policies at this stage. We are planning to update it, however when the business need arises.
·       about large VC investors in the project
Our first round of investment was not large, however, we utilized the funds efficiently to launch our minimal viable product and start operations.
We are currently within an ICO stage to crowdfund our roadmap, develop our processes and backbone, and seek a large VC investor as planned within 2020 to carefully expand our global market reach further.
·       about the safety audit of the smart contract
We used Securify.ch formal auditing tool as well as SmartCheck https://tool.smartdec.net/ for vulnerabilities and bad practices.
Due to the fact that we used POA wizard for the creation of our smart contract that is powered by Tokenmarket.net contracts and open zeppelin best practices, we did not come across any severe issues that might jeopardize the functionality or the safety of our smart contract.
We’re also considering the opportunity to hire a professional auditing company for the thorough report.

Indeed the path ahead is long and full of challenges. Our main priorities at the moment are to expand our advisory list with experts and experienced personnel who believe in the success of our project and would indeed advice us and guide us, as well as hiring the right people from the tech and blockchain space to develop our protocol within time, and walk through our roadmap by developing a product that will impact our communities yet drive profits on the long term.

Hi all! I've just found SWOT analysis of this project. Does it seem realistic, how do you think? 
https://swot.digrate.com/report/96e4f990-4773-4e9a-b2ec-05dc397589d0

We're including some information about RedCab to increase awareness about our project.

Company Website: https://redcab.co
Our products are already available on the App Store and Google Play, and we started our on-ground operations in late 2017.
The RedCab app is available for download for both clients.

Google Play
RedCab Passenger App - https://play.google.com/store/apps/details?id=com.redcab.passenger

RedCab Driver App - https://play.google.com/store/apps/details?id=com.app.redcabdriver

App Store
RedCab on the App Store - https://itunes.apple.com/us/app/redcab/id1330160835?mt=8itunes.apple.com

RedCab Driver on the App Store - https://itunes.apple.com/us/app/redcab-partner/id1330176815?mt=8

ICO website: https://redcab.io
V1.0 of the Whitepaper: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf
Project FAQs: https://redcab.io/downloads/RedCab_FAQs_v0.6.pdf


Social media links:

Twitter: https://twitter.com/redcab_llc
Facebook: https://facebook.com/redcabeg
Telegram: https://t.me/redcab_ico
Telegram: https://t.me/redcab_llc
LinkedIn: https://linkedin.com/company/redcab
Youtube: https://www.youtube.com/channel/UChSUOalHabZIWL4Ewq6b0RA
Github : https://github.com/Redcabllc


ICO Listings:

https://www.trackico.io/ico/redcab/
https://coincodex.com/ico/redcab/
https://icobench.com/ico/redcab
https://icomarks.com/ico/redcab
https://icobazaar.com/v2/redcab
https://foundico.com/ico/redcab.html
https://foxico.io/project/redcab
https://icocrunch.io/ico/redcab/
https://duxton.ru/crowdsale/redcab-llc/
https://icotop.io/project/redcab
https://www.coingecko.com/en/ico/redcab
https://icostock24.com/projects/redcab/
https://icosbull.com/eng/ico/redcab
https://findico.io/ico/redcab-redc
https://icopulse.com/ico/redcab
https://www.coinmarkets.net/ico/3025/redcab/
https://coinmomo.com/ico/redcab/
http://icobuzz.net/ico_listing/redcab/

Thank you all for the Support. RedCab will definitely grow as long as the community is backing it up.

Your belief in our vision only fuels us to achieve more, and drive us to new horizons of success.

I agree with you, I really believe in this project, with a good goal and have a reliable team, I also have seen that his team verified in icobench
https://icobench.com/ico/redcab 

Great to hear that!
It means, you are not solely relying from the community here.
And it's a good sign for the project.
Because if you are just depending from the funds that will be collected here, there's a chance that your cab services might be halted.
Due to those numerous projects that have been launched and difficult to get big share of investors.
Unless, your marketing team is really very active and knows the ins and outs in crypto community.
But anyway, good luck and wish you success with this industry. Time to beat Uber or Grab? 

Hey, it's great to see so much support from our community. Indeed the project concept offers some unique features that are currently missing in the industry. Our team consists of motivated professionals who work hard on the success on the project.

Our platform will continue to develop regardless of the amount raised through our upcoming ICO. We raised our first round of investment in August 2017 and we used the funds to develop our MVP and start our on-ground Operations. We're planning to raise another round of investment by Q1 2020. That's why we're launching an ICO to give the community the opportunity to crowdfund the company and help us grow, develop our product and invest in infrastructure and marketing, list our REDC utility tokens in exchanges and consequently, appeal to investors when we raise our 2nd round.

To dodge the heavy competition from big funded centralized players, our strategy is to acquire market share in touristic spots because the competition is not as heavy as in capitals or big cities over there and will allow us to grow. Our first coastal city was Hurghada - It's a beautiful spot by the Red Sea. You should visit sometimes btw. Our second spot was ElGouna which is also a small touristic spot by the Red Sea. We're planning selected cities in Latin America, Europe, Asia Pacific and Europe gradually during the next 3 years.

We are confident in our ability to compete with big players because our business model is different, it is backed up by the community, and is solving a real problem while being affordable to the consumer from other companies yet more profitable to the driver. We're building Redcab to last, and that's why we have a strategy to subtly acquire market share and expand carefully till we have strong roots that'll allow the business to withstand heavy competition.

Do you think your platform will continue even if you haven't reached your ICO targets?
Do you have sufficient funds to realize some of your objectives?
I understand that you have operations already, but right now it is in hurghada only.
To be honest, this is my first time hearing such place so I search it thru google. 
So how confident are you to compete the big time players in the cab industry?

Great! Thanks for the long explanation. That's a good sign that the dev team is addressing queries from the users here, big or small questions should be attended to. I hope your project will see their expansion this year. These big-funded companies should have competitors in the market so they will not monopolize the cab industry.

do I understand correctly that your project is intended for the development of a network of card-sharing, and also the connection of drivers to taxing in order to create competition for professional carriers?

Cabbi is registered as a trademark class 42 within the jurisdiction of Egypt in accordance with the Intellectual Property Law No. 82/2002. and we based the +4000 growth on the exponential forecasted growth of our network of users based on 3 levels referral program during the next 5 years.
RedCab's expansion plan within the US is planned in Q4 2020 as mentioned in our roadmap and in Asia 1 year before that. Our expansion strategy relies on gradually reducing the cut percentage taken from the trip until we reach our model of 100% earnings to drivers and the only cost to the consumer is the fare of the trip through decentralizing the whole process by mid-2020. While the main cash cow relies on Geo ads contracts from commercial entities interested in targeting certain segments with specialized and tailored ads to lower their marketing costs and increase the fulfillment of provided ads.
The market in Asia and the US is heavily dominated by big funded centralized companies indeed as Uber, Lyft, Cabify, grab, etc. However with our business model, and Proof of Driving integration to motivate drivers to get on the wheel to generate tokens as long as they're driving and accepting trips, we lower our operating costs and Proof of marketing to get our customers promote the app to their network and make tokens as long as their network of users are using the app, we lower our marketing costs. Our competitive advantage increases over time due to the inability of competitors to compete without taking a cut from the trip because their only sources of revenues are based on the high commission they obligate the drivers to pay, and the average cost to consumers after including the surged trips.
Over time the RedCab network will eventually grow exponentially based on genuine demand from users because it offers a win-win situation for both parties, and while our costs are indirectly controlled as mentioned above, profits will be driven to the company as a consequence with above average annual ROI to our investors, hence giving us the opportunity to re-invest in R&D, acquisitions and carefully expand further.

The plan is lowering our operating costs while growing the network of users and acquire market share while driving revenues from a different stream.

Browsing the whitepaper, you have the Cabbi with the R-mark. Where did you get the registered mark for your Cabbi? The project seems promising as it has been operational already. But where did you base the +4000% growth stated on your thread title? Also, how can you compete with Grab in Asia and Uber in the US?

Glad that you like our project Omar, indeed transparency is one of the top priorities of the company. RedCab wants to stay close to its community which is a great support for us. Only together we can achieve the success.

Thank you. Everyone on the team is working really hard to create something that will benefit the community, drive profits to our investors, and grow our company.
KYC is currently not required for bounty.

The project look promissing. Hope will succeed. Need KYC for bounty hunter?