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

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:


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

Thank you RCB100% for the offer and the warm wishes, we will keep you in mind.

Thank you Neo.Prometheus for your question! Could you please elaborate so that we can make sure that we address exactly the points of your interest?

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!

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!

Thank you SeveralIQ! Let us know any questions coming up in your DD process, will be happy to engage and welcome feedback.

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.

Ride sharing has changed the world, but its business model is broken