Good afternoon. So far, there will not be Approvers on the platform, how will the condition of the car be determined?
Thank you defender77, Approvers will be on hthe platform right from the start of the project. |
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Do drivers pay for the use of your platform? I hope that the relationship will be open, that is, no hidden commissions.
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) |
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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?
Thank you for your question, scifilover! If the rating drops below 4.0, the Driver won't receive ride requests |
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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:)
Thank you! To know more please watch our video that is very explaining https://www.youtube.com/watch?v=-87nX81YfUcAnd join our white list on https://bitcab.io/ and stay informed about the development of the project. |
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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 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. |
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Do LT tokens work in the same way as tokens in Steemit do? Or are there any differences?
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. |
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Are the drivers fined for bad feedback left by the user? Or people aren’t always objective?
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. |
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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?
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 |
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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 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 |
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Good afternoon. Lets’s say I want to exchange LT tokens to CAB on the internal exchanger. Will its rate be stable always?
Thank you for your question, Sure, the rate is always 1 CAB=1 LT. |
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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.
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
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Today it’s incredibly difficult to retain the drivers solely due to financial motivation. How are you planning to solve this problem?
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! |
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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.
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 |
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Today the companies offering to insure the tokens gain popularity. Does BitCab plan to cooperate with at least one of them?
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 |
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Good afternoon. To my knowledge, using Proof-of-Work interferes with the scaling of blockchain. Why did you decide to choose this very approach?
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. |
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Do I have to rate the driver after the ride? Sometimes I just don’t want or just can’t do this.
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. |
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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?
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! |
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Let’s say i wanna be an arbitrator of yr platform. What should i do for this? Where should i submit the application?
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. |
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You say that the tokens for Generated rewards will be produces later. But wont the tokens be issued before the start of the ICO?
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=-87nX81YfUcAnd 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. |
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