RideNode is the best cryptocurrency chain for world Transportation!
I am confident that each of us wants his life to be happy and safe. And this is normal. But as practice shows, although we live in a relatively peaceful time, our society is regularly exposed to various kinds of dangers. With what local impact. Of course, I am speaking somewhat generically now, but everything has its consequences.
For example, without proper fire safety, people can easily die at the time of a fire, simply through the fault or negligence of some owner of a particular knowledge, or institution. Or the second example, it is difficult to be one hundred percent sure that the next trip in a taxi will not be a new test for you.
What is RideNode?
RideNodes are a virtual currency & smart contract apparatus that aims to realign the interests of Drivers, Riders, & Service Coordinators (collectively referred to as our network participants) who already utilize ridehailing services (such as Uber, Lyft, Via and even traditional taxi & limousine companies). By leveraging the blockchain, RideNodes™ provide a superior platform not limited to logistics, payments, credential verification, and incident responses, and a special emphasis on the safety and the security of BOTH the riders and drivers.
RideNode’s mission is to cut off the middleman in the ridesharing industry (such as Uber and Lyft) by allowing drivers and passengers to freely negotiate the prices amongst each other resulting in 100% payout for drivers. More importantly, RideNode™ will pave the way for executive protection services to be combined with ride-hailing emphasizing passenger safety as priority number one.
Drivers are currently being extorted with 40% commissions and are displaying their frustration by protesting in several states. Also, passengers feel unsafe taking a ride and they see no oversight or accountability. By implementing RideNode™ blockchain technology, drivers get 100% payout and passengers pay less. RideNode™ also makes executive protection more accessible and available to riders making them feel safe during their trips.
HOW DOES THE RIDE NODE WORK?
▪ Because it’s on the blockchain technology, the ride-hailing industry freely operates on the free market principle. This is the first US based blockchain apparatus to service and combine separate service industries.
▪ The blockchain technology eliminates the need for middleman, thus allowing a no commission fee structure for drivers. For example, under the current antiquated centralized business model, Uber/Lyft charges $20.00 for the fare and takes 40% commission from drivers. Drivers get paid $12.00 and passengers pay $20.00.
RideNode technology enables fare negotiating and bidding, Thus, even if the driver and passenger negotiate $15.00 fare for that trip, the driver gets entire fare which would be $15.00, and the passenger only pays $15.00. As a result, riders pay less for same trip, and drivers earn more, compared to Uber and Lyft’s business model. Only requirement is that both parties must remit a RideNode token each per transaction.
Problems
It turns out that the well-known global giant for passenger transportation Uber does not meet the proper level of reliability and safety for both drivers and passengers. As evidenced by the presented statistics, where black and white shows how all of us are vulnerable, making the next landing in a particular taxi.
Of course, this fact is a threat not only to the life of the company, but also to all its users. After all, in just one day around the world, Uber makes about 15 million trips. Putting at risk just millions of lives around the world.
Against the background of such arguments, I am sure you have a question, but how to change this statistics?! My answer, easy! Especially when there is a ready-made set of solutions to all these problems. The principle of operation of which we are now with you and consider.
About the project and its features
The project that will be discussed now is a decentralized application called BayRide with its internal token RideNode. It is important to note that this application is a kind of similar principle of operation, as well as the usual classic applications for calling a taxi with one very large distinctive advantage.
Namely, BayRide is completely decentralized, which means it complies with the three most basic principles of the Blockchain structure, representing a transparent, reliable and secure environment for user communication.
And here again you may have a question, but how can a decentralized application solve all the above problems? The answer is easy. First, when registering in this app, both drivers and users will be subject to the KYC verification system (i.e. the know your customer system). Secondly, all transactions on the provision of services, the cost of the route, the destination will be fixed by means of a smart contract. This means that the driver will not be able to deceive you or deliberately lead you somewhere wrong and commit some crime.
And, third, the same applies to the passenger. After all, Each trip will record data about the passenger, who went where. Naturally, this data will be encrypted. However, in emergency cases, they will be able to shed light on the situation that occurred, which means to catch a fraudster, robber, or worse, a criminal or any other villain.
Advantages
Moreover, in addition to personal security. Each participant of the trip will get their own advantages. After all, as far as you may know, many drivers of such global giants as Uber & LIFT charge a huge Commission from their drivers. As a result, the driver himself earns too little money. That sometimes brings many drivers to such extremes as suicide. And it’s sad.
Paying special attention to this fact, the development team intends to provide all its drivers with 0% Commission. Thus removing from them the very shackles of labor that envelop many companies engaged in passenger transportation. And to be honest, I think it’s the right thing to do. After all, in addition to the time that the driver spends on work, he also spends his health, nervous system and all these deprivations result in poor health. Which is desirable to correct regular vacation and rest. And as you know, any vacation requires finances.
Token
As for the internal token that will participate in all transactions and payment operations, let me remind you that it is called RideNode. It is important to note that this is a utility token that will act not only as a payment, but also as an authentication of everyday operations related to ground transport, as well as for the security of the entire passenger transport industry.
At the same time, the token itself is developed on the basis of the Ethereum Protocol and meets the ERC-20 standard. The total amount of delivery of coins will be as much as 25 billion Ride tokens. Where 70% will be allocated for the IEO.
Crowdsale ICO details:
There will be 25,000,000,000 RideNode™ tokens generated. The RideNode™ ICO crowdsale will consist of selling 40% of the total maximum supply.
Symbol: RIDE
Maximum Supply: 25,000,000,000
Type: ERC20
Price: 1 ETH = 4000 RIDE TOKENS
ICO Period: August 20th — October 1st 2019
Accepted Currencies: ETH
Soft (Min) Cap: 250,000 ETH
Hard (Max) Cap: ~2,500,000 ETH (10,000,000,000 RIDEs)
Conclusion
At the end of my review, I would like to once again draw attention to the fact that the team of developers of this project seeks to bring to our familiar processes more reliable, high-quality and most importantly safe tools for communicating us with each other. Which I think is just a vital necessity.
But since the depth and width of the project is huge, I did not have time to show you many important and unique processes of the BayRide application with its internal RideNode token.
Therefore, I invite you to go to my next section of the article, where I have prepared for you all the most important and official resources of the project. And that’s all I have. I was glad to share with you a new and in my opinion unique project in the world of blockchain technology. Write your opinion about the project in the comments and do not forget to put a like. After all, this is how you motivate me to write even more and more interesting especially for you!
The official resources of the project:
WEBSITE: https://ridenode.io/
TELEGRAM: https://t.me/RideNodeGroup
WHITEPAPER: https://www.ridenode.io/wp-content/uploads/2019/11/RideToken-WhitePaper-Version3.0.pdf
BITCOINTALK: https://bitcointalk.org/index.php?topic=5216291
FACEBOOK: https://www.facebook.com/ridenode.tokens
TWITTER: https://twitter.com/RideNode
MEDIUM: https://medium.com/@ridenodetokens
REDDIT: https://www.reddit.com/user/RideNode
LINKEDIN: https://www.linkedin.com/company/bayrideinc
INSTAGRAM: https://www.instagram.com/bayride.inc/
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