Hi. What’s the nominal price of your token? Will it grow during the course of the sale?
Thank you, woodcoin! The price at pre-sale is $0,017 The price diring the token sale is $0,02
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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.
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.
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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?
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.
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Will it be possible to use Bitcab tokens as payment method outside the platform? This would attract attention to the sale.
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
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Hi. What has more impact on growth of the value of CAB: using them as payment for runs or for making transactions?
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.
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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.
Thank you, dort! BitCab will not charge any comissions made in CAB, however some meagre comissions are possible charged by underlying blockchain.
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http://hbr-russia.ru/innovatsii/trendy/p25571/Рассуждения о будущем блокчейна. BitCab будет намного эффективнее корпораций, будет приносить ценность и вознаграждения всем участникам экосистемы и будет являться примером по-настоящему действующей автономной децентрализованной сети.
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https://ark-invest.com/research/autonomous-taxi-revenuesBitCab 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
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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?
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
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Are all these funds distributed among the Champions and their referrals charged from a driver or a passenger? Who pays the commissions?
Thank you gazman! The rewards to the Champion and their referals are generated by the BitCab blockchain.
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Hey there. You reward systems reminds me one used in MLM-marketing. Or were inspired buy anything else?
Thank you, Veecker! Our loyalty system was inspires by succesfull case of Steemit, there participants are rewarded with tokens for actvity in the ecosystem.
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Good afternoon. Will I be able to choose the model of the car which I need for a ride in the app?
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.
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How is the share that should be paid by the passenger CAB tokens calculated? Or can he pay the total sum with fiat money?
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
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Does the driver have to possess a car or is there a cooperation option within the framework of which the car can be rented?
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.
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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.
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
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Good afternoon. Do i understand correctly that the CAB tokens will be necessary to pay for transaction made in fiat?
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.
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Good afternoon. Will your token be protected by any kind of physical assets? I guess that the commodities would suit for this purpose.
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
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Hey there. Who will have to rectify faults and compensate for losses in case of any troubles with the platform’s servers?
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.
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Will there be additional token emission if necessary? I guess that sooner or later there will be a propitious moment for such an operation.
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
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Who will select the cars for the vehicle park of the platform? Today u can face Uber drivers using awful old cars.
Thank you nothappend! The cars will be selected by the drivers, however Offline Approvers will survey their cars based on BitCab guidelines.
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