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1  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO]🗺️RedCab AI-based Decentralized peer2peer transportation solution🚗🚗 on: June 21, 2018, 07:51:16 PM
Cabbi is registered as a trademark class 42 within the jurisdiction of Egypt in accordance with the Intellectual Property Law No. 82/2002. and we based the +4000 growth on the exponential forecasted growth of our network of users based on 3 levels referral program during the next 5 years.
RedCab's expansion plan within the US is planned in Q4 2020 as mentioned in our roadmap and in Asia 1 year before that. Our expansion strategy relies on gradually reducing the cut percentage taken from the trip until we reach our model of 100% earnings to drivers and the only cost to the consumer is the fare of the trip through decentralizing the whole process by mid-2020. While the main cash cow relies on Geo ads contracts from commercial entities interested in targeting certain segments with specialized and tailored ads to lower their marketing costs and increase the fulfillment of provided ads.
The market in Asia and the US is heavily dominated by big funded centralized companies indeed as Uber, Lyft, Cabify, grab, etc. However with our business model, and Proof of Driving integration to motivate drivers to get on the wheel to generate tokens as long as they're driving and accepting trips, we lower our operating costs and Proof of marketing to get our customers promote the app to their network and make tokens as long as their network of users are using the app, we lower our marketing costs. Our competitive advantage increases over time due to the inability of competitors to compete without taking a cut from the trip because their only sources of revenues are based on the high commission they obligate the drivers to pay, and the average cost to consumers after including the surged trips.
Over time the RedCab network will eventually grow exponentially based on genuine demand from users because it offers a win-win situation for both parties, and while our costs are indirectly controlled as mentioned above, profits will be driven to the company as a consequence with above average annual ROI to our investors, hence giving us the opportunity to re-invest in R&D, acquisitions and carefully expand further.

The plan is lowering our operating costs while growing the network of users and acquire market share while driving revenues from a different stream.
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