Taxi 3.0 Ride-hailing Reimagined

Litepaper

Centralization in the ride-hailing industry stifles growth as it concentrates control with larger corporations and entities that host these platforms. This essentially leaves other value creators devoid of any meaningful rights or say in the system, and with less income. The current centralized system is flawed on various fronts - high (and increasing) commissions that are a major detriment for the drivers, data breaches that put the personal information of drivers and riders at risk and centralized control over drivers and their income. Major issues are as follow: • Sky-rocketing commission leading to unsustainable driver income • Price Manipulation • Lack of Loyalty

The DRIFE platform has been developed with the intention of solving the current concerns in the drivers’ community, alongside enhancing the quality of rides for the customer.

No Commission – DRIFE is a true “zero commission” platform. Unlike other popular ride-hailing services, our drivers earn what they deserve. Market-dictated pricing – We provide drivers with the option of offering a price for a ride. Riders can choose the ride, depending on offered rates. Sustainable Incentives – Everyone can earn incentives for active and helpful participation in the community. Stake-based p2p Network – By creating a trusted network of motivated individuals, riders and drivers can form their own networks to

2

Problem

Solution

DRIFE not only allows quality services in terms of drivers but also lays emphasis on the authenticity of their identity. The same is true for the riders, the quality of service of the drivers is rated and are rewarded accordingly. Thus, with great conviction, we see how a community-based approach to ride-sharing can be realized through DRIFE, which in this respect, beats all its peers in terms of scalability and incentives. Every stakeholder is equally important for the ecosystem to sustain and flourish.

Income is generated from the platform fee paid by driver, both drivers and riders can create their network by referring new members to DRIFE platform and get rewarded, bigger the network the more rewards one can earn.

What we’ve created in the DRIFE ecosystem is 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. However, it is not only the decentralized nature of it that distinguishes it from the other platforms. The platform deals with a whole new economic model and can incentivize all the value creators in equitable terms. Our aim is to eliminate excessive transaction fees, reduce censorship (reduce interference from DRIFE side) and redistribute value back to the community, enhance transparency.

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Rationale

How are we different

Go to Market

The current valuation of the ride-hailing market is about USD 36 billion. Analysts have projected this sum to be approximately $285 billion USD by 2030, which is eight times the current valuation.

Total Supply 325,000,000

Token Price $0.25

Available for sale 162,500,000

Stage IEO

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Market Size

Token Details

Token Allocation

Token Sale 50.0%

Private Sale 10.0%

Development 10.0%

Team & Advisory 7.0%

Bounty & Airdrop 3.0%

Rewards & Incentives 10.0%

Founder 10.0%

Product Development 35.0%

Sales and growth 20.0%

Marketing and Operation 30.0%

General and admin 15.0%

5

Fund Distribution

Roadmap

Firdosh Sheikh Ceo & Cofounder

Surya Ranjith Cfo & Cofounder

Wadad Kafka

Chief Evangelist

Mudit Marda

Lead Blockchain Dev

Max Gravitt

Lead Blockchain Dev

Debraj Ghosh

IT & Infra Consultant

Rakesh Sahu

Full Stack Developer

Sayed Adil Nawaz

UI/UX Designer

Abhilash Varkey

Marketing & Research

Emmanuel O. Olumide

Content, PR

Jitendra Rathod

Chief Content Officer

Samarth Jain

Legal & Compliance

Team

London 63 – 66, Hatton Garden, Fifth Floor Suite 23, London, EC1N 8LE

info@drife.one

+ 44 238 097 0819