Bitcoin Forum

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https://i.imgur.com/TUnn9Eh.jpg (https://www.youtube.com/watch?time_continue=4&v=-87nX81YfUc)
https://i.imgur.com/MdcdpdP.jpg  (https://bitcab.io/)
https://i.imgur.com/U3g5S5N.jpg (https://bitcab.io/BitCab_WhitePaper.pdf)
 https://i.imgur.com/tiLb7NK.jpg (https://t.me/bitcab)
 https://i.imgur.com/SmkZGAc.jpg  (https://twitter.com/BitCab_ICO?lang=ru)
https://i.imgur.com/vPlKFNZ.jpg (https://medium.com/@bitcab)


Arkadiy Vershebenyuk (https://www.linkedin.com/in/arkadiyv/?lipi=urn%3Ali%3Apage%3Ad_flagship3_people_connections%3B3f2tIlXRTJiqfx6eo5pefg%3D%3D)
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 (https://www.linkedin.com/in/vasyl-lenko-6034722a/?lipi=urn%3Ali%3Apage%3Ad_flagship3_people_connections%3B3f2tIlXRTJiqfx6eo5pefg%3D%3D)
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 (https://www.linkedin.com/in/andrey-teryoshin-36962929/?lipi=urn%3Ali%3Apage%3Ad_flagship3_people_connections%3B3f2tIlXRTJiqfx6eo5pefg%3D%3D)
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 (https://www.linkedin.com/in/ashishporecha/)
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 (https://www.linkedin.com/in/valentina-zakirova-466a81b1/)
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 (https://www.linkedin.com/in/vladimir-kulpinov/?lipi=urn%3Ali%3Apage%3Ad_flagship3_people_connections%3B3f2tIlXRTJiqfx6eo5pefg%3D%3D)
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 (https://www.linkedin.com/in/ekaterina-rachkova-846a0834/)
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

Gianluca Bisceglie (https://www.linkedin.com/in/gianlucabisceglie/?lipi=urn%3Ali%3Apage%3Ad_flagship3_people_connections%3B3f2tIlXRTJiqfx6eo5pefg%3D%3D)
Advises 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 (https://www.linkedin.com/in/abkazakov/?lipi=urn%3Ali%3Apage%3Ad_flagship3_people_connections%3B3f2tIlXRTJiqfx6eo5pefg%3D%3D)
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 (https://www.linkedin.com/in/ekaterina-rodionova-a2b17257/)
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

• Telegram (https://t.me/bitcab)
• Twitter (https://twitter.com/BitCab_ICO?lang=ru)
• Video (https://www.youtube.com/watch?v=-87nX81YfUc)
• Web site (https://bitcab.io/)
• Whitepaper (https://bitcab.io/BitCab_WhitePaper.pdf)
• One pager (https://bitcab.io/BitCab_One_Pager.pdf)
• Medium (https://medium.com/@bitcab)

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.

Thank you for your comments Lucasgabd!
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.

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.

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.

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!

Our pleasure! Please let us know if you have more questions.

Here is a good question from Krezz2017 on our Russian topic - wanted to share it here (with our answers) for everyone to see.

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

There are countless other examples such as Craigslist, Reddit. And this is how major cryptos such as BTC and ETH started as well - from a few coders mining with their old laptops to hundreds of billions in market cap.

Does it make sense? Let us know if you have any further questions!

Hey there. It suddenly became interesting to me: can any entrepreneur create a small local enterprise? Have u got anything like White Label?

Was only a question of time until a blockchain Uber pops up :) Are you the first team trying to build a decentralized Uber?

Will your referral system be single-level? It just seems to me that such ideas lose relevance and effectiveness.

Good afternoon. Do i have to purchase tokens on the ICO in order to became a champion? Or can anyone do it?

Do i receive a one-time reward for every new driver in referral system? Does it work the same as in Uber?

Will you be adopting delivery service like Uber is opening up too?  I believe this cash cow is ready for disruption and look forward to getting in on the ground floor for a knockoff project.  I will keep a close eye on this one.

Looks quite interesting to watch. Total Supply is 5 billion and just 3.5 billion for pre-sale and token sale. Where is the remaining will goes? for project development and reserve for team?

I do not know much English. But the project seems interesting. Waiting for translation announcements

Hi. Is the referral program dedicated solely to the drivers? I hope you provide kinda program for the passengers, too.

Have you bounty program?

Can passengers pay the driver with fiat money? I believe that such move will simplify attracting the drivers.

Another shitty project with unknown dudes as a team members .

Good afternoon. What will insure your tokens? Are you establishing a reserve fund or anything like that?

Great biography. I like it.

Excellent question woodcoin!

There is actually a lot of opportunities for entrepreneurs to build a small (or even not so small) business in the BitCab ecosystem as there are many roles in the ecosystem to fill:
https://bitcab.io/images/work-img.png

Some of the entrepreneurial opportunities in BitCab ecosystem will include:

• Referring new participants to the ecosystem (e.g., drivers, riders etc.) as a Champion and be rewarded for all their useful activity on the ecosystem in perpetuity! This can be as simple as inviting all your Facebook friends and getting paid every time they ever catch (or give) a ride, or as big as actually building a multi-level referral network through everything from SMM to creating local groups, organizing events and so forth - sky is the limit on this one
• Owning node(s) as a Witness and getting paid for validating transactions
• Holding Loyalty Tokens (a long term version of CAB token, similar to Steem Power on Steam blockchain) to earn a 10% p.a. bonus
• Making money through driving, providing community support as a Sage, onboarding new drivers as an Approver - or build a team of people to do any of this task thus building your own business

How this could be possible for driver to pick the customer on him price or how customer will be agree on the driver set price. This is very complicated part of this project while there are so many exists companies providing that facility on a fix price which acceptable for both parties. So how you will resolve this issue if driver demand more high rate than other companies.

This look quite interesting. Do you have plans for other country in the future too? I would like to see something like this on a wider field. Think this could go very well

Thank you for your question hazenyc - and indeed, it is about time to bring ridesharing on blockchain!

Some early experiments are already under way (such as Arcade City, Chasyr, Ridecoin) - you can find some more detail in our white paper in "Disrupting the disruptors: Uber, do you even Lyft?" chapter.

What sets BitCab apart from these projects is what is being built and by who:

• What: other ridesharing-on-blockchain projects we have seen seem to tokenize for the sake of having tokens, blockchain for the sake of blockchain. We, on the other hand, are applying blockchain to solve specific big hairy problems at the epicenter of ridesharing universe that tokenization and blockchain are uniquely positioned to solve: such as driver and rider loyalty, set rules and giving control to individual ecosystem participants, not corporate middlemen. You can find more details in our one-pager and even more in our white paper. Even the quality of deliverables so far (our video, white paper, white pager etc.) are miles apart - I encourage you to google these other experiments and compare for yourself.
• Who: team is everything in a startup. To bring BitCab vision to life, we have assembled a unique international team with a wealth of experience in ridesharing, tech startups, blockchain, software engineering, venture capital, finance and general business. Our team includes alumni of Uber, McKinsey, Yandex, Avito and multiple other fast growth tech startups, leading financial institutions and consulting firms. No other team has professionals of this caliber - such as Arkady who was a country manager for Uber or Andrey who is a former McKinsey consultant and tech executive

Great question waitsummer!

We intend a 3-level referral system as we see Champions as the core growth engine of BitCab. You can find more details in our white paper in "A tour of BitCab ecosystem: token economics and rules" section.

While Uber and other traditional ridesharing apps are limited by their economics to one time incentives, tokenization enables us to offer Champions a much stronger incentive - a sustainable income stream in perpetuity. It will also further align the incentives - this way Champion is incentivized not just to get their referrals to register, but to actually be active in the ecosystem. Here are current plans for incentivizing Champions:

• 5% of value of all transactions completed by all Riders and Drivers who registered on the platform indicating the Champion as the referral in LT in perpetuity
• 2.5% of same for 2nd level referrals (Riders and Drivers referred by Champions referred by the Champion)
• 1% of same for 3rd level referrals

Thank you for your highly researched, well founded and authoritative opinion gorbal :) We could never dream of reaching the heights of your standing in the world, and of course our co-founders like Arkadiy (a country manager at Uber), Andrey (a McKinsey consultant and tech executive), Vasyl (a long time blockchain and AI researcher) and others could never compare to the anonymous BTT user gorbal :) Linkedin profiles of team members are available in the end of the first post of this topic. Please keep sharing your infinite wisdom.

Thank you for your question Dort!

Anyone can play Champion role, but some roles on the ecosystem will indeed require holding a deposit of CAB and/or LT tokens (such as Witness, Approver, Arbiter) to align their incentives with the interests of the ecosystem. To play these roles you can acquire the tokens in any way you want - by purchasing them in pre-ICO, ICO, on an exchange or earning them on the ecosystem.

Thank you for your interest kerafym!

We intend to launch BitCab globally with some countries prioritized for targeted marketing efforts and local fiat currency acceptance. You can find more details in our roadmap on pages 26-27 in our white paper: https://bitcab.io/BitCab_WhitePaper.pdf

Thank you bitcircle for a very thoughtful question.

Pricing will be defined by a simple algorithm with three inputs. By default average market price (updated from all transactions for a certain relevant time period) will be used for both riders and drivers for simplicity. However, every driver can alter this setting in the app by defining their minimum acceptable price, and a rider can do the same with a maximum acceptable price (note: they will not do it for each ride separately, but by changing a general setting in the app). The market will then settle similarly to how a bitcoin transaction settles - the drivers with the lowest minimum price will get matched with passengers first, and the riders with highest maximum price will get picked up faster. This will incentivize healthy competition and market pricing on both sides of the transaction.

Thanks for your question twothirtyfive!

This is definitely an opportunity down the line - partnerships with restaurants could unlock new use cases for CAB token and BitCab ecosystem.

Thank you for your question Sarul!

Here is a quote from our white paper ("All aboard the rocketship: How the ICO will work" section):
https://bitcab.io/BitCab_WhitePaper.pdf

You can find more details in that section of the WP.

CAB will be ERC20 token or you will develop your own blockchain for this platform. How you will integrate fiat as payment option and when this platform will go live. Is there any chance to get free ride before move to the ICO?

Great question polonium84!

Referral program will encompass most roles on the ecosystem - not just Drivers and Riders, but also also Sages, Approvers and Arbiters. Basically if you refer someone, you will receive in perpetuity a % of all their positive contributions to the ecosystem - it does not matter whether these contributions include driving, riding, providing community support or all of the above.

The project looks promising. I know this would be successful in the future. Maybe the dev will eventually had the plan that they will be able to   include some countries in this project if it is already profitable to everyone.

Thank you for your question JohnEther! The bounty program is under development and will be announced towards the start of the pre-ICO.

It will be opportunity for many people to set up a minimum acceptable price of their own condition. This can help many people to get more clients but most probably price are predetermined for some specific zone to eliminate the dispute. I see this question was raised and answered already in details but I will keep studying this business model to fully understand it by all aspects.

Thanks for your question gazman!

You are absolutely correct. 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 CAB. 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.

Great questions Odeoke, thank you. The current plan, as you have correctly guessed, is to use Ethereum blockchain. We have also been in discussion with Waves over the last couple months and might consider using their blockchain (it has significant advantage such as transaction throughput and speed) depending on when and how smart contract functionality is implemented on Waves.

Fiat will be available in select countries. Riders will be able to select in which currency to pay (CAB / ETH / fiat), and riders - in which currency to get paid. Then the transaction will settle in market prices on the back end if exchange is required.

We estimate about 6 months would be required to develop a fully functional platform. ICO will allow us to extend our developer team with more designers and coders and embark on this mission.

Thanks for your question bars_kz!

Let me quote from our WP (https://bitcab.io/BitCab_WhitePaper.pdf page 12):

Why is it impossible to automate the verification of transactions? Why should you involve the additional group of users?

Interesting project and the team certainly seems very promising. Going to go through the whitepaper. Looking forward to more updates.

Will the token holders that dont use tokens and don’t sell them receive a kind of dividends? This is quite a good concept for stimulation of paces of growth.

Thank you for your question askon!

The verification of transactions is automatic - to record transactions on the blockchain we will need nodes to verify and record these transactions, similarly to mining nodes for Bitcoin and Ethereum. How this will look in practice will in the end of the day depend on which blockchain we build our system on (current intent is Ethereum, but we are in discussions with development teams of multiple other protocols). But a Witness is just an owner of a computer node, it is not a manual process in any way.

Thanks for your question ggcript! That is correct for LT tokens (our long term vested tokens similar in essence to SteemPower tokens). This will encourage more participants to hold LT tokens thus increasing value and price stability of BitCab tokens. Let me quote from our white paper:

"As LT token holders are providing more secure, long term capital to the ecosystem, LT tokens are paid 10% p.a. bonus when held for at least 12 months (similarly to how banks pay higher interest rates to a term deposit than to a current account) paid to owner account monthly."

You can learn more about CAB and LT tokens in our video: https://youtu.be/-87nX81YfUc or on our website https://bitcab.io (video at the top of the page)

Thank you for your support jznsamuel! Don't hesitate to ask any questions you come up with as you go through the white paper.

Is it necessary to obtain a special license in order to become a market maker on your platform?

Okay, it isnt necessary to pay commissions when making transaction on your platform, but the banks will charge them with the liquidity suppliers, wont they?

Good afternoon. How are u gonna to protect the network from the hacker attacks? Anyway, u use fiat, and it makes the transactions attackable.

Hey there. Some drivers can provide fake info about the condition of its car. How are u gonna struggle against this? 

Will the driver get additional reward for placing the links to his profiles in social networks?  It seems to me that this can increase the level of credibility of your service.

Good afternoon. I see that u encourage the mutual help within the framework of the community, but will there be a traditional technical support service in BitCab?

Here’s a question on arbitration: what’s the minimum number of the platform’s participants that is necessary to come to a decision on a case? It’s obvious, that there should be several experts.

Thanks for your question martbruce! A market maker in a particular token is simply someone who buys and sells the tokens on an exchange (internal or external; usually they would have both buy and sell orders active at most times earning the spread) thus creating liquidity. It does not require any licensing.

Hi. How are u gonna motivate people to become arbitrators? This work is really nervous and i’m afraid that financial stimulation isn enough in this case.

Interesting project. I will try to check this project.

Will it be possible to use your platform in order to create a local service for search of drivers? The current level of taxi services in my town leaves much to be desired, and i’m ready to change the situation. 

Thanks for your question notbad4day!

You are correct: for transactions in fiat there will be a commission driven by acquirer banks. We actually see this as a feature rather than a bug as it will nudge more drivers and riders to shift to CAB payments over time to reduce transaction costs.

Thanks for your question Gamelander!

Any system has a degree of risk, but in BitCab it will be relatively minor. CAB transactions are fully on-chain and hence will be protected by normal blockchain mechanisms built into the blockchain we use (e.g., as any ERC20 token). Fiat transactions involve a different type of risk, but this is very much a solved problem - I cannot recall any major transaction hacking problems reported by Uber, Lyft or other traditional ride-sharing players.

Good afternoon. Can one and the same user play multiple roles in the community? They don't seem contradictory to me.

Hello. Does the weight of my vote depend on the number of tokens on my wallet? I believe that for each member should be assigned an equal number of votes.

Do you plan to cooperate with the vehicle service stations? This would solve two problems at once: verification of vehicle data and a small range of areas for the use of tokens.

Who will determine the list of questions worthy of falling on vote? Will Bitcab have a special committee to deal with such issues?

How long will it take resolving of one dispute between users? I hope that less than a week.

Hello. If I don't have enough money to go through maintenance, but I really want to join your platform, can I get a loan?

Thanks for your question Gamelander!

Any system has a degree of risk, but in BitCab it will be relatively minor. CAB transactions are fully on-chain and hence will be protected by normal blockchain mechanisms built into the blockchain we use (e.g., as any ERC20 token). Fiat transactions involve a different type of risk, but this is very much a solved problem - I cannot recall any major transaction hacking problems reported by Uber, Lyft or other traditional ride-sharing players.

Good question woodcoin! This will be the role of Offline Approvers on BitCab ecosystem - they will have a checklist of criteria to evaluate when meeting with the driver and inspecting the car, and will face penalties if soon thereafter multiple riders report any of these conditions are not met. Approvers will therefore have an incentive to conduct the check thoroughly. Drivers will also face penalties for poor customer feedback and for riders reporting their car as not answering the requirements thus creating an incentive to keep their car in required condition and provide great customer service.

Thanks for continuing to study our project and ask questions dort!

Our philosophy is to incentivize outcomes valuable for the ecosystem, not just activities. Therefore the driver (or any participant) will be rewarded with tokens if through this social network links a new participant joins and conducts transactions / performs valuable actions on the ecosystem such as, e.g., riding or driving. However there will not be a reward for simply adding links as this would be easily gamed.

Thanks for a thoughtful and pragmatic question g8stTDas!

We might need to have it in the early stages of launching and testing the product. Over time we expect that all user issues will be possible to be solved by community Sages and Arbiters.

Good afternoon. Do you plan to expand your platform through adjacent platforms? For example, through a second-hand car selling service.

If one of your drivers violates driving regulations, is he obliged to pay a fine by himself, or you will help him in this?

Great question bars_kz. Let me quote from our white paper:


You can find further details on different roles on pages 16-19 in our white paper: https://bitcab.io/BitCab_WhitePaper.pdf

Hello. On your platform, you can issue loans only in BitCab tokens or there are other variants of cryptocurrencies?

Thanks for your question robinzzon! What is particularly nervous about the role of an Arbiter? All an Arbiter will do is read the case materials and vote one way or the other.

You are raising an important question though about attracting enough people to fulfill all necessary functions on the platform. There are a few parts to this. One will be having a price seeking algorithm which will adjust reward for each service depending on how fast the market clears seeking to get it to clear within a specific timeline for each activity. Another important part is incentivizing Champions to bring more people on the ecosystem to fulfill all the functions.

Thank you for your interest yamazikuza!

Hi Veecker, not sure if I understood your question correctly, but there are a few aspects of local driver search touching on BitCab ecosystem. One is you can of course use the app to catch a ride with a local driver. Another one is you could become a Champion and recruit your local drivers onto the app, creating a sustainable income stream for yourself proportional to their activity on the app in perpetuity!

Uber sometimes has problems with the law that forces the corporation to pay huge fines. Which country's legislation will govern you?

Can uber - bitcab professionals be paid with project tokens? And what will be the rates for each transaction, for example request a uber (bitcab) for such location, how will the transaction rate be calculated?

In Airbnb, the age of drivers is constantly checked to make sure that they pay the appropriate amount of taxes. How will this issue be resolved in BitCab?

Hi deort,

Absolutely! This is part of the beauty of being a member of a diverse, flexible ecosystem - you get to wear many hats. E.g., you could money as a Driver and also utilize your network to bring more Drivers into the ecosystem as a Champion to earn additional tokens based on their activity and also play Arbiter role in your spare time when you don't feel like driving but want to make some earnings.

Hi CAraBuss and thanks for your question! For community-level decision making we plan to stick with "one token = one vote" principle as ownership stake in the ecosystem is a very strong incentive to make decisions in the interest of the ecosystem.

Can any entrepreneur create a small local enterprise? Do i receive a one-time reward for every new driver in referral system, does it work the same as in Uber? Will you be adopting delivery service like Uber is opening up too?

Good afternoon. I understand that Bitcab is not a corporation. But will you have something like a global set of rules or another document, regulating the relationships between members?

Hello. Aren't you afraid that blockchain will sometime get under regulation? As this will cause a significant blow to the pace of the platform development.

What do you think is Uber's main problem? After a quick melt-up, the company is steadily losing its position.

Hello. I recently read on the news that Uber is planning to launch a flying taxi on a particular route. Are you going to implement something like that?

Many people arent pleased with the apps available in the market today. In your opinion, will you be able to lure away all of them?

Good  afternoon. You’ve got direct competitors that also implement blockchain. Why are u sure that they wont push you out of the market?

Who sets a price for a run? Does the driver do this or will this be done by the app automatically?

Thanks for your question ro777jer. We do not have such plans currently, but will remain open to whatever partnerships and operating models make most sense to maximize value and growth of BitCab ecosystem.

Good afternoon. I’ve got an important question: how will the tariff for a run be calculated? Or is every driver able to set up terms?

Will you app support the full range of transportations or will confine yourself to passenger ones?

Do u think that the passenger has a right to remain anonymous? It’s so difficult to find some space for privacy in the modern world.

Hi. How many languages will your support team speak? I guess that you should ensure a department for every country where you’re planning to work.

Hey there. If these users constantly use 2 or 3 apps, hare are u gonna make them stay?

Is it planned to implement traditional loyalty ptograms? Kinda discount cards? Such a move will look interesting against the background of a mass of digital tools.

Thanks for your question spyQQgood! The target is to have 95% of requests processed within 72 hours of lodging. The algorithm will match token reward dynamically to achieve this target.

Thanks for your questions ilcaramba! Providing P2P loans is definitely a future possibility for the ecosystem

Thanks for your question superwallet! I like your forward thinking. There are limitless opportunities to grow and increase functionality of BitCab ecosystem that we can explore in the future.

Thanks for your question slavonicpl! I will quote from page 2 of our white paper - and encourage you to read the full version for yourself:

Hi hollybit, thank you for your question. In the first instance, if and when this functionality is introduced, loans are likely to be issued in CAB. Over time use of other currencies could be imagined.

this project is quite good and done by a solid team, it looks like i love saw development this project. how the hard cap and soft cap? hopefully the team in this project can reach the target who want.

Hey there.  Who will have to rectify faults and compensate for losses in case of any troubles with the platform’s servers?

Thanks for your prudent question Immer.

Firstly, BitCab can never be held liable for any actions of any ecosystem participants:

For any legal disputes the potential plaintiff will have to go through Kitts and Nevis courts:

Will it be possible to work on BitCab without insuring your car in advance? It seems to me that this is too dangerous.

Good afternoon. Will the driver receive the reward if he places your logo on his car? This would be perfect advertisement.

Who will select the cars for the vehicle park of the platform? Today u can face Uber drivers using awful old cars.

I see you have already put a lot of work on this project. :)

Didnt u come up with the idea to create a special sector for helicopters? I know that will cost a lot, but this option would be popular in large cities like New York or Moscow.

Does the driver have to possess a car or is there a cooperation option within the framework of which the car can be rented?

Good afternoon. Will your token be protected by any kind of physical assets? I guess that the commodities would suit for this purpose.

Can u guarantee the growth of the value of the token in the first year after the launch of the platform? If so, tell me please, what the paces will be.

Will there be additional token emission if necessary? I guess that sooner or later there will be a propitious moment for such an operation.

What about settlement of agreements with the producers of the cars? I guess that you would be able to cooperate efficiently and mutually profitable.

Hi. Is the main point that he token should be used in Bitcab ecosystem obligatory? Where can i find the full list of services involving this token?

Thank you princehandsome!

Our soft cap $0.5m, while we are not limited to any hard cap, however the speed to get at our destination will depend on the capital raised.
We have developped several scenarions of our upgrowth depending on the capital raised. You may find it in our White Paper (page 26-27).
https://bitcab.io/BitCab_WhitePaper.pdf

Thanks for your quesion unkletoken,
Vehicle insurance is obligatory in most of countries, and BitCab will comply with local policies in this question.
Approvers of the BitCab ecosystem will check the documents of new drivers. After receiving approval driver will have access to the platform.

Thank you for your participation holland35.
At the moment we do not consider such advertising.

Thank you Jeremy O`Brein!
We did, however the main part of the work is yet to come.

Thank you nothappend!

The cars will be selected by the drivers, however Offline Approvers will survey their cars based on BitCab guidelines.

Thank you ro777jer,
The tokens will be issued according to the smart contracts. Please look at the following picture explaining how the BitCab blockchan will generate tokens.
https://bitcab.io/images/work-img.png

Good afternoon. Do i understand correctly that the CAB tokens will be necessary to pay for transaction made in fiat?

Will the commission be charged from every transaction made with the help of BitCab? I’m afraid this can have a negative impact on the final cost of products.

Hi. What has more impact on growth of the value of CAB: using them as payment for runs or for making transactions?

Can I mine your tokens using my own equipment and then use them to pay for rides and other services offered by the platform?

Good afternoon. What do you bet on more – attraction of larger but short-time investments or less but long-term ones?

Where can i see the advertisement of your platform? I guess that you arent gonna spend too much on TV advertisement.

Hey there. Many tokens face the inflation immediately after the ICO. Have you got a plan for elimination of such a negative phenomena?

It will be more profitable for u if the users hold tokens rather than use them in the ecosystem. Perhaps in order to make people hold them without selling for 3 years you have to pay kinda dividends?

Good afternoon. Will the holders of a considerable amount of tokens be able to agree upon managing the prices in the internal market? It’s necessary to avoid the appearance of monopoly.

How is the share that should be paid by the passenger CAB tokens calculated?  Or can he pay the total sum with fiat money?

Good afternoon. Will I be able to choose the model of the car which I need for a ride in the app? 

Thank you, sdfslei!
It is important to remember that BitCab is a decentralized project operating on blockchain, therefore any problems due to malfunctioning of servers are highly unlikely - as all transactions are stored on the blockchain, not on a centralized server.

Thank you, matthewtalbot
There is no any physical asset behind our token, however there the value of the token, which is backed by ecosystem economy (and services that are included).
What makes CAB and LT tokens valuable?

• BitCab economics is built around CAB token. All transactions on BitCab blockchain will ultimately be
  settled in CAB (although for fast adoption Riders and Drivers will be able to choose to pay and be paid in
  fiat currencies on the front end - but with transactions still settled in CAB at market rates on the back end).
  This will create real demand for CAB token tied to volume of transactions in the ecosystem. Essentially, all
  CAB tokens, existing and future, are hence by definition backed by the present value of all future
  transactions (mostly car rides) on BitCab ecosystem.
• Like any other currency, CAB can be used to buy and sell goods and services even beyond the BitCab
  ecosystem. In case of BitCab success, there will be good reasons for wider application of CAB, such as
  millions (and billions) of users of the currency and it being backed by real value of mobility services it can
  be redeemed for unlike vast majority of both crypto and fiat currencies.
• The present value of all future mobility services on BitCab ecosystem therefore represents not the ceiling,
  but the floor for the value of CAB. There is unlimited upside in CAB being adopted for wider uses - similarly
  to BTC, LTC, ETH and USD

Thank you waitsummer,
If the Rider wants to pay in fiat, that CAB tokens are not required, however it will be more profitable to pay in CAB tokens.

Thank you gavrosh!
Noone can garantee such kind of stuff. While basic rule is the following: the speed of tocken value growth is at least thre same as the number of rides growth

Thank you,16009.
As a future development plans we are considering inplementing the role of people who will rent a car to BitCab drivers, but the current design doesn't imply this role.

Thank you for your question!, national751!
The passenger can pay any amount in fiat (yes, he can pay the total sum in fiat) and the retaining sum in CABs. This is the choice of the passenger. But it will be more profitable to pay in CABs

Thank you holland35,
At the begining you will be able to chose the class of the car (economy or business), later we will implement the choice of the car model.

Hey there. You reward systems reminds me one used in MLM-marketing. Or were inspired buy anything else?

Are all these funds distributed among the Champions and their referrals charged from a driver or a passenger? Who pays the commissions?

Inflation is a common thing not only for fiat currencies, but also for most of means of payment. Do you have a clear plan on protection of BitCab from depreciation?

Good afternoon. To my knowledge, using Proof-of-Work interferes with the scaling of blockchain. Why did you decide to choose this very approach?

Do I have to rate the driver after the ride? Sometimes I just don’t want or just can’t do this.

Hi. Your model I very similar to Steemit so I’d like to clarify what are the main differences and what improvements exactly were invented by the Bitcab team.

Today it’s incredibly difficult to retain the drivers solely due to financial motivation. How are you planning to solve this problem?

What’s the difference between LT and CAB? I’ve tried to read the WP, but it’s written in a too complicated way for a person who isn’t familiar with crypto-currencies at all.

Good afternoon. Lets’s say I want to exchange LT tokens to CAB on the internal exchanger. Will its rate be stable always?

Hi there. Aren’t you afraid that the local agencies working on the base of your platform will overtake you in terms of development paces?

Are the drivers fined for bad feedback left by the user? Or people aren’t always objective?   

Aren’t you afraid that the passenger will have to overpay for a ride ‘cause of such a branchy referral system?

Does it turn out that i can exchange my tokens allocated to the long-term investment any time? Or will i have to tell the platform’s staff about this in advance?

What advantages will LT token holders have over CAB token holders? Do they have any at all?

Do LT tokens work in the same way as tokens in Steemit do? Or are there any differences?

Hi there. Will there be kinda internal voting mechanism in Bitcab? I’d like to make decisions related to the development of the project.

Thank you, Veecker!
Our loyalty system was inspires by succesfull case of Steemit, there participants are rewarded with tokens for actvity in the ecosystem.

Thank you gazman!
The rewards to the Champion and their referals are generated by the BitCab blockchain.

Thank you, shara!
That is very important question!
we have studied this issue in details. The inflation is under control when the growth of the ecosystem (GDP growth) is approximately the same as Money supply growth.
In real world however it even happens that even money supply can grow faster than the GDP and inflaion
Look at the picture showing the USA's indicators.
https://bitcab.io/images/2018-01-30.jpg

Good afternoon As far as i understand, only LT tokens will be used for bonus programs. Right? Or will the bonus funds filled with both types of tokens?

You believe that the LT tokens will make the drivers remain your employees, but i think that it’s possible only if you provide them with an opportunity to exchange them to fiat any time. What’s your opinion?

Hi there. How often will the amount of dividends of those ones who agreed not to sell the tokens for next 5 years increase? I wanna be sure that my faith will be rewarded generously.

Today the companies offering to insure the tokens gain popularity. Does BitCab plan to cooperate with at least one of them?

Good afternoon. Will it be possible to become an arbitrator if i have no LT tokens in my wallet? If it wont, how many tokens do i need to have?

Let’s say i wanna be an arbitrator of yr platform. What should i do for this? Where should i submit the application?

You say that the tokens for Generated rewards will be produces later. But wont the tokens be issued before the start of the ICO?

Hi. What’s the nominal price of your token? Will it grow during the course of the sale?

The whole topic consists of some questions to the project team)) ;D It seems that this is the most difficult IRI, and you can not understand it yourself. :)

Thank you for the quick "what" and "who" ;) Sounds very promising and I will follow this closely for sure. Going to check out the other material. Good luck!

How many tokens are u planning to sell at a discount? I afraid that the growth of the value can be slowed down if there’re too many of them.

Good afternoon. What cryptocurrencies are available on the ICP? Is it possible to purchase the tokens for fiat with the help of digital payment systems?

Will it be possible to use Bitcab tokens as payment method outside the platform? This would attract attention to the sale.

https://ark-invest.com/research/autonomous-taxi-revenues
BitCab will provide the blockchain solution to delineate and allocate this value across different stakeholders in the ridesharing ecosystem based on pre-agreed clear rules enshrined immutably in a trustless, permissionless blockchain

Thank you, dort!
BitCab will not charge any comissions made in CAB, however some meagre comissions are possible charged by underlying blockchain.

Thank you for your question g8stTDas!
The main value of tokens is generated by economics around CAB token. All transactions on BitCab blockchain will ultimately be settled in CAB. This will create real demand for CAB token tied to volume of transactions in the ecosystem.
In this sense payment of runs and making the transactions basically represent the same thing.

Thank you for your question, robinzzon!
Sure! Like any other currency, CAB can be used to buy and sell goods and services even beyond the BitCab ecosystem. In case of BitCab success, there will be good reasons for wider application of CAB, such as millions (and billions) of users of the currency and it being backed by real value of mobility services it can be redeemed for

Thank you g8stTDas!
During the token sale, you will be able to buy CAB tokens.
Sure, you will be able to by CAB tokens on the exchages or convert directly in the BitCab app, using traditional digital payment systems.

500 million tokens (around 15% of all tokens offering to the public) will be sold in public sale at a fixed discounted price of $0.017 during our PRE-ICO.

Thank you, woodcoin!

The price at pre-sale is $0,017
The price diring the token sale is $0,02

Thank you for your question waitsummer!

CAB tokens are available during pre-sale and ICO.
LT (Loyalty Tokens) will be available in exchange for CAB tokens as soon as the platform is developed.
Please note that rewardes in our system is both in CAB and in LT!
Watch our video for more detail https://www.youtube.com/watch?v=-87nX81YfUc
And the reward system is visually available in this explaining picture https://bitcab.io/images/work-img.png

Please let us know if you have any futher questions.

Thank you for your interest!
Arbiter role is available to everyone holding at least 500 USD worth of LT. LT you will be able to get in exchange for CABs after the platform launch. We will start accepting application afetr ICO. Please join our whitelist on bitcab.io and you will be informed whenever the registration is open.

Thank you for your question, bars_kz!
Unfortunately, the arbiter role is only available to everyone holding at least 500 USD worth of LT.
However you can gain this worth without investing money, but just staying loyal to the ecosystem and receiving rewards for the activity!
Or you may be willing to buy CAB tokens at the pre-sale or ICO.
Please join our whitelist on the bitcab.io and stay informed!

Thank you, dort.
Like any other ridesharing app BitCab will implement the rating system, however unlike any other rideshring app all your activities, including rating the Driver after the ride, will finally result in rewards in CAB and/or in LT. Here is how the Rider is motivated to rate the ride.

Design decisions of PoW vs. PoS are implicit in choosing the base blockchain (such as ERC20) to build the app on top. We are in discussions with multiple well known platforms currently and plan to announce the decision in the coming weeks.

Thank you, rdizza!
Those services are needed for the projects that require additional circulation of coins. CAB tokens will be used in the BitCab ecosystem and beyond, that is why the value will of CAB tokens will grow as the ecosystem grows

Thank you for your question, g8stTDas
Our crypto economy is very similar to the Steemit (meaning that we have two currencies 1 CAB is always equial to 1 LT, where LT pays 10% annual bonus) and our system generates rewards for user's activity (Like steemit), However our business models are very different! BitCab is ridesharing platform with multiple roles while Steemit is the decentralized social network.
Tu sum up, we have created a solution for ridesharing industry using best practices of Steemit. We have created severaral roles {online/offline approvers (approve new drivers), sages (community support), arbiters (resolve disputes), champions (invites drivers and riders)} and the interaction of the participants.
Please, look here https://bitcab.io/images/work-img.png

Very good question, spottcoin!
in addition to the financial motivation (generated rewards), that we believe is very important, Drivers will acctually be the "shareholders" of the ecosystem, meaning that the ecosystem will actually belong to its participants. They will activelly participate in the day-to-day life (voting, inviting friends, approving, community support etc.)
Does it make sense?
Please let us know if you have any ideas about Drivers' non-financial motivation!

Thank you for your question bars_kz!
The difference is very simple to explain.

• CAB token is a basic unit of exchange in the BitCab ecosystem. All the transactions will ultimately be setteled in CAB. CAB will be traded on exchanges.
• LT - is Loyalty Token. LT can be purchased for CAB on an internal exchange (1 CAB is always equial to 1 LT) and it pays 10% annual bonus if held beyond the vesting period. Moreover, LT gives voting rights

Thank you for your question,
Sure, the rate is always 1 CAB=1 LT.

Thank you for your question, omorbalsamhill1
All ecosystem participants are also voters on important development decisions for the future of the ecosystem - with voting power proportional to LT tokens the voter holds

Thank you MadduckUK,
BitCab is a trully decentralized ecosystem, which belongs to its participants.
Any local companies have shareholders that can not repeat BitCab business model and cannot overtake BitCab in terms of development paces

Thank you, sinfazat22ron!
Surely the BitCab generated rewards will depend on the rating of the Driver.
If a Driver has a negative feedback than he gets lower reward.

How do you ensure the quality of services and how do you plan to prevent unwanted accidents or events related with driver/customer?
Can you explain what makes your service better than that of uber or didi chuxing?

Thank you for the question,
Our crypto economy is very similar to the Steemit (meaning that we have two currencies 1 CAB is always equial to 1 LT, where LT pays 10% annual bonus) and our system generates rewards for user's activity (Like steemit), However our business models are very different! BitCab is ridesharing platform with multiple roles while Steemit is the decentralized social network.

So the main difference is Roles{online/offline approvers (approve new drivers), sages (community support), arbiters (resolve disputes), champions (invites drivers and riders)}
and type of activity that will rewarded with tokens.

Thank you for your question, Verethraghna!
 
We will ensure quality through the role of Arbiter (a role in the ecosystem that resolves disputes). Arbiter reviews user requests and complaints and recommends approving or denying the request. That means that in case of any accident Driver and Rider may form a request that will be reviewed by the Arbiter. Any unwanted accidents will result in fines and in dismissal from the platform.

Our service is better that that of traditional ridesharing apps because it strengthens loyalty of a Rider. A Rider is rewarded in Tokens for BitCab services usage.

BitCab will build an effective business model in the ridesharing market that would not lead to horrible losses of shareholders as the ecosystem itself and its wealth will belong to its participants

Uber's loss jumped 61 percent to $4.5 billion in 2017
https://www.cnbc.com/2018/02/13/ubers-loss-jumped-61-percent-to-4-point-5-billion-in-2017.html

It's a good project, but I'm a new member and I don't even know much about it. I hope this is a starting point for me.good luck:)

If the driver immediately gets a 4.5 rating, and then he drops to 3.9 because of user feedback, he is deprived of the right to use your platform?

Do drivers pay for the use of your platform? I hope that the relationship will be open, that is, no hidden commissions.

Good afternoon. So far, there will not be Approvers on the platform, how will the condition of the car be determined?

Good afternoon. The course of fiat concerning tokens will be stabilized by the BitCab team or are you planning to send it to free swimming?

  i love to saw the development of this project, hopefully the team in this project can reach the target who want.hope your success,glad to hear more good news from htis project

Thank you!
To know more please watch our video that is very explaining
https://www.youtube.com/watch?v=-87nX81YfUc
And join our white list on https://bitcab.io/ and stay informed about the development of the project.

Great concept, great team,I have two questions, 1) Giving the fact that there are other similar projects, how do you intend to cope with the supposed competition? 2) What is your strategy regarding the safety of your drivers and that of the passengers? Thanks

Thank you for your question, scifilover!
If the rating drops below 4.0, the Driver won't receive ride requests

As far as I know, the driver will have to undergo a police check? How does it happen and what data should be provided?

Drivers do not pay for using the platform. Drivers are get paid)
BitCab will not charge any comission, however very small commisions are possible (that are the commissions of the underlying blockchain)

Thank you defender77,
Approvers will be on hthe platform right from the start of the project.

Thank you for your question!
The prices for rides will be fixed at the start of the ride.
The rate on exchanges will be determined by the market.

Will there be any other crypto-currencies other than CAB to be accepted as payment for internal services on your platform?

Thank you for your support
Join our whitelist on bitcab.io and stay informed about the development of the project.

Hello. Will the size of the driver's reward depend on how many trips a day they make? I believe that the most active ones should be encouraged.

Thank you for your interest and your question!
1) Do you mean two blockchain projects?
Here we a are different from the point of view of business model. We have several roles on the platform: online/offline approvers (approve new drivers), sages (community support), arbiters (resolve disputes), champions (invites drivers and riders).
The main benefits that distinguish BitCab from its competitors are:

• Self-funding long term Driver loyalty incentives
• Self-funding Rider loyalty incentives
• Self-funding viral growth mechanism
• Gamified Driver and Rider experience with real monetary rewards

Please watch the comparative table here: https://i.imgur.com/xenM8qo.jpg

2) BitCab will have consistent service levels and safety (Driver onboarding, customer support, dispute resolution)
It will be put into practice through the roles of approver and arbiter, that would approve new drivers and resolve disputes.
Please see the interaction chart here: https://bitcab.io/images/work-img.png

So in case of any accident or misbehavoir riders and drivers will get lower (or no reward), that is the prime motivation of the drivers to ride safe and that is the motivation of the riders to behave well.

Hello. Champions must have their own cars? Or is it absolutely irrelevant for them?

Sure, the driver will submit its ID and driving licence as well as document fot the car and approvers will review the documents incluning the social media profiles.
In jurisdictions providing police checks Driver will pass through it.
The driver also passes through person interview and car inspection by 3 experienced BitCab Drivers

Thank you for your question.
All transactions will ultimately be setteled in CAB. However Driver will be able to exchange BTC and ETH right in the BitCab app. Eventually we will expand the list of other cryptocurrencies that could be exchanged for CAB right in the BitCab app through several clicks.

Thank you for your question!
Sure, the if the Driver takes at least an average of 10 rides with BitCab per day, than he is rewarded with LT tokens.

Thank you, Dreadtrader
Champions are those who invite new riders and drivers (marketing function)! They do not need to have their own cars.

When will the pre-sale date be? And what is the value of the soft cap? Do have a minimum value to validate the data (KYC) or everyone  want to invest should pass through KYC?

Hello. Online Approver should buy some special software? I hope that the platform will be able to provide it.

Why not automate the verification of transactions and users? This would eliminate at once 2 elements of the ecosystem.

Good afternoon. If Approvers give negative conclusions, do they still get paid? What is its source?

Let's say I bought tokens, and then they grew in price, and they became 500 dollars or more. Can I then apply for an entry in Approvers?

Should champions understand the cars? Or is it simply enough to create a partnership network that allows drivers to be brought into BitCab?

Why not reduce the referral program to a single-level program? It seems to me that this will increase the growth of the value of the token.

You say that your system is similar to Steemit, but does not completely match it. I would like to know about the main differences.

Hello,
No, online approver does not need to buy ant software. This role is open to everyone holding at least 500 USD worth of LT and who have passed this approval themselves.

Witnesses are important for the validation of upvotes in BitCab, avoid plagiarism and bots

Salut!
Sure, approvers get paid even if the give negative recommendations to ensure objectivity.
The source is Blockchain generated tokens.

Hello, sure. They can be applied for an entry in Approvers.

Yes, Champions invite new riders and drivers into the BitCab ecosystem and get rewards for this marketing activity.

Because champions with multi-level program have a much stronger incentive not just to promote BitCab, but also to encourage their referrals to actively use it.

Thank you for the question,
Our crypto economy is very similar to the Steemit (meaning that we have two currencies 1 CAB is always equial to 1 LT, where LT pays 10% annual bonus) and our system generates rewards for user's activity (Like steemit), However our business models are very different! BitCab is ridesharing platform with multiple roles while Steemit is the decentralized social network.

So the main difference is Roles{online/offline approvers (approve new drivers), sages (community support), arbiters (resolve disputes), champions (invites drivers and riders)}
and type of activity that will rewarded with tokens.

Drivers in the BitCab ecosystem will earn more than in the huge corporations like Uber and others. This will happen due to several facts:
1)  Drivers will get the full fare of the Ride. They won’t need to give up to 50% to the company.
2)  Drivers will get additional loyalty tokens for completing an average of 10 rides with BitCab per day and for taking 90% of rides suggested by BitCab
3)  Drivers may gain extra bonuses for other activities. For example, they may invite new riders and drivers into the ecosystem and gain tokens for this marketing activity or they could approve new Drivers and gain LT tokens for this activity.
https://www.bloomberg.com/view/articles/2018-03-09/uber-driver-wages-are-too-low-to-sustain-the-cab-industry

If drivers will get the full fare of the rides, how will the company generate income? Where will those bonuses from #2 and #3 come from?

Thank you for your question!
2) and 3) are blockchain generated rewards, while the the company generates income from 10% of all transactions in the ecosystem, that are genrated above the fare.

Let me quote from our WP

Syscoin (SYS) needs no introduction among crypto enthusiasts. Called “the most undervalued project in crypto world” (https://medium.com/@StevenVoros88/the-most-undervalued-project-in-the-crypto-world-not-for-long-96814ac66b08) and “the hidden gem of 2018” (https://medium.com/@danieljasonwestby/syscoin-the-hidden-gem-of-2018-96f973b81b9), Syscoin is a “revolutionary cryptocurrency that offers near zero cost financial transactions like Bitcoin and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely” and was released under MIT license in 2014.
Syscoin offers a wealth of functionality that BitCab needs including hardened smart contracts built into the core such as On-chain Offers, Certificates, Escrow, Aliases (identities or usernames), Encrypted messages etc.
The new core coming out tentatively end of March will support Tokens, Assets, ICOs, has a built in database for powerful searching and offline data, Instant send (SYS) and Zero confirmation instant transactions (Z-DAG) for assets. Tokens can be sent and received in real-time. Syscoin will give BitCab faster, cheaper, more scalable transactions than any other blockchain platform.
You can read more about Syscoin here:
https://en.wikipedia.org/wiki/Syscoin
https://syscoin.org

The partnership will go far beyond just building BitCab app on Syscoin blockchain:
- We are very excited to have Jagdeep Sidhu, Syscoin Core Developer, and Brad Hammerströn, Syscoin CMO, joining BitCab as Advisors. They will share their insights and provide support on both development and marketing
- The partnership will enable BitCab to tap into amazing Syscoin community of tens of thousands of crypto enthusiasts. In addition to access to Syscoin social media channels, we plan to give back to the community by airdropping 4.5% of tokens sold in the ICO to existing SYS holders. This will align incentives and bring the early adopters into the ecosystem: any network only becomes valuable once critical mass of early adopters starts using it, such as collectors for EBay, LIONs for Linkedin and Harvard students for Facebook. Our critical mass can come from crypto enthusiasts holding SYS. To incentivize these early adopters to use BitCab app, we will offer to refund initially airdropped tokens to anyone who uses them on BitCab ecosystem (i.e., actually buys ride(s) on the platform - as opposed to just selling or holding the tokens) in the first 60 days after BitCab app is launched.
- With Syscoin reach and Brad’s marketing expertise, we will be able to get the word about BitCab to many more potential users, bringing the decentralized future of mobility to reality faster.

This is an exciting step forward for both projects - giving BitCab unparalleled blockchain functionality and increasing our reach while adding a new high potential ICO and a new use case to Syscoin platform. We look forward to building the decentralized future of mobility and commerce together with Syscoin!

• Telegram (https://t.me/bitcab)
• Twitter (https://twitter.com/BitCab_ICO?lang=ru)
• Video (https://www.youtube.com/watch?v=-87nX81YfUc)
• Web site (https://bitcab.io/)
• Whitepaper (https://bitcab.io/BitCab_WhitePaper.pdf)
• One pager (https://bitcab.io/BitCab_One_Pager.pdf)
• Medium (https://medium.com/@bitcab)

When is the PRE ICO due. ? Is there a bounty campaign?

Pre-ICO dates: we are targeting April but will announce separately based on regulatory developments and other external factors

Please join our Bounty here (https://bitcointalk.org/index.php?topic=3138645.0)

Thanks to decentralized ecosystem, BitCab Drivers will get paid more than drivers of traditional apps, where they are earning about half the statutory minimum wage!
BitCab is moving to the future with a more efficient economy with stronger loyalty.

http://www.abc.net.au/news/2018-03-06/uber-x-drivers-working-for-half-the-minimum-wage/9513250

Here is another example of inefficiency and recklessness of Uber. This article tells about an accident on the road by an Uber car and lack of due responsibility for the accident.
https://ideas.4brad.com/it-certainly-looks-bad-uber
BitCab will have consistent service levels and safety (Driver onboarding, customer support, dispute resolution)
It will be put into practice through the roles of approver and arbiter, that would approve new drivers and resolve disputes.
Please see the interaction chart here: https://bitcab.io/images/work-img.png

So in case of any accident or misbehavoir riders and drivers will get lower (or no reward), that is the prime motivation of the drivers to ride safe and that is the motivation of the riders to behave well.

Uber is involved in numerous scandals including disclosure of personal data and aggressive strategies to take down the competition. In the BitCab ecosystem, all disputes will be resolved through the role of Arbiter.
http://www.businessinsider.com/uber-company-scandals-and-controversies-2017-11#november-2012-prices-soar-during-hurricane-sandy-3

Uber can’t be ethical – its business model won’t allow it doesn't take measures to better care for both its drivers and customers. BitCab will be fully decentralized ecosystem whose participants (drivers, riders and others) will influence its development.
http://theconversation.com/uber-cant-be-ethical-its-business-model-wont-allow-it-85015

Unlike Uber, where dishonesty is flourishing, BitCab as a decentralized structure will honestly reward all participants for any activity.
https://www.bloomberg.com/view/articles/2017-11-22/uber-s-big-problem-is-a-culture-of-dishonesty

Even CEO of Uber is arguing with the drivers about falling fares. https://www.nytimes.com/2017/03/01/technology/uber-chief-apologizes-after-video-shows-him-arguing-with-driver.html

I’ve read your project and read the comments of the people who care about the project. It’s very interesting.
 

Uber concealed a hack that affected 57 million customers and drivers.
In BitCab the application will store Data in a decentralized blockchain, where such hacks are impossible.
http://www.bbc.com/news/technology-42075306

Uber is breaking the law! The company is ordered to pay out $161.9m
https://www.theguardian.com/technology/2016/apr/13/uber-lawsuits-619-million-ride-hailing-app

Welcome our new Advisor!👏👏👏
Leonid Morozovskii is the CFO and Co-Founder of REGA Risk Sharing platform. Chicago Booth MBA Alumni and PhD in Economics, banker and blockchainer, he brings his 15+ years expertise in financial markets to BitCab🎉

Four key advantages set BitCab apart:

1. Team: to bring BitCab vision to life, we have assembled a unique international team with a wealth of experience in ridesharing, tech startups, blockchain, software engineering, venture capital, finance and general business. Our team includes alumni of Uber, McKinsey, Yandex, Avito and multiple other fast growth tech startups, VC funds and consulting firms - such as Arkady, former country general manager at Uber; Vasyl, blockchain and AI R&D engineer, former CTO at blockchain startup IRAEngine and computer science PhD candidate; Andrey, former McKinsey consultant and tech executive.
 
2. Syscoin partnership: our partner Syscoin provides a uniquely fast, scalable platform, which unlike ETH can accommodate the needs of ridesharing. Jag and Brad, Syscoin co-founders, are our Advisors, and will help promote us in Syscoin community to make Syscoin community (~69k Twitter followers) the early adopters of BitCab ecosystem. Syscoin block awards can also provide an additional source of funding.

3. Ambitious, comprehensive vision: we envision a fully decentralized, uncensorable network which will use blockchain to solve the key problems plaguing ridesharing today: lack of driver and rider loyalty (in-built blockchain loyalty incentives and gamification), expensive growth (self-funding growth mechanism of champions being rewarded for the activity of their referrals on the network with block awards), exploitation of drivers (cutting out the exploitative corporate middleman and enabling drivers and riders set their own terms enshrined in immutable smart contracts letting the market set rates), regulatory intrusion (network fully decentralized, uncensorable and not operated by any legal or physical person - securing free market for mobility for all). We see our role as BitCab Foundation in developing the ecosystem, not owning it: once the network is built and is functioning on its own, we want the community to fully govern and own it.

4. Pragmatic execution: we know what it takes to build startups and fully appreciate that this vision will take years to be fully realized. Therefore we are already working on our MVP in a lean startup, agile iterative approach. We will build it from the ground up, test every feature on the app and move it to blockchain one by one after it has been properly tested in the real world, moving to fully functional network with fully decentralized on-chain governance one step at a time.

 I want to ask about the purpose of this project? I’m waiting for more details about project

Over 200,000 customers had deleted their Uber accounts in protest of Uber CEO Travis Kalanick’s perceived support for President Trump. http://fortune.com/2017/02/03/uber-lyft-delete-donald-trump-executive-order/

Drivers about Uber: “Uber has made a lot of small changes to gain driver trust, but the most important thing for us is higher rates. They haven’t done a whole lot to move those needles.” Are Uber drivers happy?https://www.usatoday.com/story/tech/2017/12/12/uber-wraps-six-months-trying-make-drivers-happy-they/940709001/

I'm thinking to buy into this ICO. Looks promising.

Fatigue a major risk in ridesharing industry!
Due to the absence of an intermediary in the form of a large corporation, BitCab Drivers will earn more in the ecosystem and feel better.
https://www.reuters.com/article/us-health-ridesharing-drowsy-driving/fatigue-a-major-risk-in-ridesharing-industry-idUSKBN1HW2QE

Divers ans Riders are switching between traditional ride sharing apps. That’s time-consuming and costly. BitCab creates special loyalty incentives for all the participants.   
https://www.wired.com/story/this-app-lets-drivers-juggle-competing-uber-and-lyft-rides/

Interessting project. Maybe i will invest some coins here and get more profit in the future  ;D

The latest bit of corruption dogging Uber came when company admitted that it hid the fact that hackers breached and gained access to 57 million user accounts. To make matters worse, Uber also now says it paid hackers $100,000 to delete the data and keep the breach quiet, and did not report the incident.
https://www.cnbc.com/2017/11/22/ubers-hacking-scandal-worse-than-equifax-commentary.html

Please join our whitelist https://bitcab.io/#whitelist to stay informed

Syscoin 3.0 has successfully launched today. We took a snapshot of balances, offers, and aliases on the Syscoin 2.x blockchain at block 683412. We then migrated this snapshot to the 3.0 blockchain and started the new chain. All services are available for use immediately via console command. https://medium.com/@BlockchainFoundry/syscoin-3-0-is-live-bbbe88e76ef3

Good project, it could be a good investment!

Uber has a 99% chance of going bankrupt within ten years

Veteran investor, Magellan Financial Group chief executive Hamish Douglass: «Uber is high-cost, owner-driver model as almost “valueless”»
http://www.news.com.au/finance/business/travel/uber-ponzi-scheme-will-collapse/news-story/505149de242b80a521770d45a0e57bd8

https://www.wsj.com/articles/a-chip-in-the-windshield-chinas-surveillance-state-will-soon-track-cars-1528882203? This is why a decentralized blockchain-based mobility infrastructure is crucial to secure freedom of movement

Please meet our new advisor! ✨
💥Leonid Morozovkiy💥
Leonid is a co-founder in Rega risk sharing - fintech startup that is aiming to reinvent insurance.

With the progress of block chaining technology, Ridesharing will bring different experiences and further break the traditional business mode.

Dear members of BitCab community, thank you so much for your continued interest and questions about presale start date. We are very pleased to announce that the presale of CAB tokens is now open!
Both SYS and ETH are accepted.
The prices for the presale represent a 50% discount to planned ICO prices, and this is the lowest price at which CAB tokens have ever been offered for sale (no further discounts were offered in "advisor rounds" etc.):
•  1 CAB = 0.000046ETH
•  1 CAB =  0.125 SYS
You can help us bring to life the vision of community-driven mobility on blockchain free of centralized profit-seeking platforms by participating in the presale here: https://preico.bitcab.io/
Thank you so much for your support! We really appreciate your patience and commitment.
BitCab Development Team

Hello, I like this project, would u be so kind and tell when the start of the bounty program?

Hey, your MEDIUM page is suspended. Any reason known - WHY?