[ANN][PRE - ICO] PROVIDE: DECENTRALIZED RIDE SHARING

[TimeTeller]

Though the idea is not that new anymore, but it has not been implemented successfully yet.
Drivers and commuters will learn how to use then the ETH platform.
I hope this one will not operate only in the US.

[mnmnmn]

How will you solve the practical problem of recruiting a critical mass of drivers to participate? Uber and Lyft spend a ton of money advertising to recruit drivers.

[provide]

How will you solve the practical problem of recruiting a critical mass of drivers to participate? Uber and Lyft spend a ton of money advertising to recruit drivers.

Some proceeds of the ICO will be concentrated in our target markets as needed to recruit drivers. We think targeting Uber and Lyft drivers is a great way to find great drivers

[HenryRomp]

So why do you guys need to have PRVD tokens for this to work? Couldn't you make a decentralized Uber type system that is powered by bitcoin transactions instead of making a new token?

[provide]

So why do you guys need to have PRVD tokens for this to work? Couldn't you make a decentralized Uber type system that is powered by bitcoin transactions instead of making a new token?

PRVD tokens are utility tokens that the platform uses as fuel to power all transactions in the app (the fares paid to drivers are actually paid in the driver's currency off choice as long as its supported). We are planning to support BTC transactions and USD too for that matter-- behind the scenes PRVD tokens are bought and sold on the market as needed.

The reason this is a good fit for blockchain is to enable transparency and dramatically reduce centralization.

Here is one scenario:

Drivers who want to speculate on the price of BTC might elect to be paid in BTC instead of USD. Someone in need of a ride could use a credit card to pay USD into the platform, which will exchange those dollars for PRVD tokens behind the scenes and then exchange those PRVD tokens for BTC on the open market.

[Kennedy]

 for the future hopefully this project is successfull but I'm waiting for more information about this project,

[HenryRomp]

Where are you planning to focus the launch? Is this going to be primarily in the USA or also in other countries?

[provide]

Where are you planning to focus the launch? Is this going to be primarily in the USA or also in other countries?

NYC, Austin, SF... major tech hubs.

From past experiments it seems there is significant demand for this thing from Uber drivers. They need freedom to run their own businesses...

[provide]

Where are you planning to focus the launch? Is this going to be primarily in the USA or also in other countries?

NYC, Austin, SF... major tech hubs.

From past experiments it seems there is significant demand for this thing from Uber drivers. They need freedom to run their own businesses...

A draft version of the whitepaper has been published. We look forward to your feedback: https://s3.amazonaws.com/prvd-token/docs/prvd-whitepaper.pdf

Thanks. Also note that the token sale officially begins 9/1 but the contract is able to accept contributions at this time and we intend to announce bounty/airdrop programs shortly that will offer up to 2 million PRVD tokens as a reward for early marketing efforts... stay tuned for those announcements!

[TheStrudeler]

Am i the first to read the white paper?   

Good stuff! You gotta also have a strong legal team to deal with insurance claim (if accident happens) and potential lawsuit (if someone got injured or lost something)...

So is there an escrow? Didn't see it in white paper

[provide]

Am i the first to read the white paper?   

Good stuff! You gotta also have a strong legal team to deal with insurance claim (if accident happens) and potential lawsuit (if someone got injured or lost something)...

So is there an escrow? Didn't see it in white paper

No escrow, but the coins are not going to be issued and distributed to purchasers until after the sale period (and the tokens are exchange-listed). Essentially, the Ether will sit in the multisig until enough has been raised to proceed AND the token has been exchange-listed to ensure liquidity. At that time, tokens will be minted and issued to purchasers.

There are details related to the mechanics of the token and sale contracts and links to those contracts in the whitepaper.

Thanks for the feedback!

[provide]

Our ICO has been postponed until September 15th. See our official announcement at https://bitcointalk.org/index.php?topic=2151389.msg21521675#msg21521675 for screenshots and more details. Thanks for your interest!