[ANN] BitCab - Ridesharing 2.0 for the blockchain age

[dort]

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.

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[g8stTDas]

Hi. What has more impact on growth of the value of CAB: using them as payment for runs or for making transactions?

[woodcoin]

Can I mine your tokens using my own equipment and then use them to pay for rides and other services offered by the platform?

[robinzzon]

Good afternoon. What do you bet on more – attraction of larger but short-time investments or less but long-term ones?

[Veecker]

Where can i see the advertisement of your platform? I guess that you arent gonna spend too much on TV advertisement.

[gazman]

Hey there. Many tokens face the inflation immediately after the ICO. Have you got a plan for elimination of such a negative phenomena?

[polonium84]

It will be more profitable for u if the users hold tokens rather than use them in the ecosystem. Perhaps in order to make people hold them without selling for 3 years you have to pay kinda dividends?

[deort]

Good afternoon. Will the holders of a considerable amount of tokens be able to agree upon managing the prices in the internal market? It’s necessary to avoid the appearance of monopoly.

[national751]

How is the share that should be paid by the passenger CAB tokens calculated?  Or can he pay the total sum with fiat money?

[holland35]

Good afternoon. Will I be able to choose the model of the car which I need for a ride in the app? 

[BitCab]

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.

[BitCab]

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

[BitCab]

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.

[BitCab]

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

[BitCab]

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.

[BitCab]

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

[BitCab]

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.

[Veecker]

Hey there. You reward systems reminds me one used in MLM-marketing. Or were inspired buy anything else?

[gazman]

Are all these funds distributed among the Champions and their referrals charged from a driver or a passenger? Who pays the commissions?

[shara]

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?