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Author Topic: [ANN][ICO]🗺️RedCab AI-based Decentralized peer2peer transportation solution🚗🚗  (Read 7057 times)
SShikakAA
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May 24, 2018, 06:17:17 AM
 #21

Hi all! I've just found SWOT analysis of this project. Does it seem realistic, how do you think?  Huh
https://swot.digrate.com/report/96e4f990-4773-4e9a-b2ec-05dc397589d0
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RedCab LLC.
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May 24, 2018, 10:27:54 AM
 #22

Hi all! I've just found SWOT analysis of this project. Does it seem realistic, how do you think?  Huh
https://swot.digrate.com/report/96e4f990-4773-4e9a-b2ec-05dc397589d0

We came across this SWOT analysis of our project and we were amazed by the thorough overview.

We sent them an email to understand how can we improve our score at the strengths and opportunities sections of the analysis, nevertheless, the criteria that define other aspects so we can improve on it?

Our priority now is indeed to work on the weaknesses. We started by updating our Github repo with our utility token ERC20 smart contract. https://github.com/Redcabllc/REDC

Partnering with a large company might be a challenge due to the scale of operations and cooperation at this phase, and the demands and/or financial obligations that such partnership might oppose on us. We strategically chose to partner with 5 start-up companies to become partners in success and grow together quicker.

RedCab LLC. was founded in 2016. We launched our MVP in late 2017 and started on-ground operations already in moving people from point A to point B within a tactically selected touristic spot by the Red Sea. Our ambitious roadmap will continue to develop regardless of the amount raised through our upcoming ICO. We raised our first round of investment in August 2017 and we used the funds to develop our MVP and start our on-ground Operations. We're planning to raise another round of investment by Q1 2020. That's why we're launching an ICO to give the community the opportunity to crowdfund the company and help us grow, develop our product and invest in infrastructure and marketing, list our REDC utility tokens in exchanges and consequently, appeal to investors when we raise our 2nd round. Our token distribution was built on a 38/62 rule with a total of 38% reserved tokens and with the 62% for crowdfunding being minted as contributions are sent to the contract address, hence we start the supply with 0 and build up. Total Circulating Tokens post-ICO will be 38,000,000 REDC + Minted REDC tokens from Private Sale + Minted REDC Tokens from PreSale + Minted REDC Tokens from Crowdsale.

To dodge the heavy competition from big funded centralized players, our strategy is to acquire market share in touristic spots because the competition is not as heavy as in capitals or big cities over there and will allow us to grow. Our first coastal city was Hurghada - It's a beautiful spot by the Red Sea. You should visit sometimes btw. Our second spot was ElGouna which is also a small touristic spot by the Red Sea. We're planning selected cities in Latin America, Europe, Asia Pacific and Europe gradually during the next 3 to 5 years.

We are confident in our ability to compete with big players on the long run because our business model is different and robust, it is backed up by the community, and is solving a real problem while being affordable to the consumer from other companies yet more profitable to the driver. We're building Redcab to last, and that's why we have a strategy to subtly acquire market share and expand carefully till we have strong roots that'll allow the business to withstand heavy competition as we gradually ramp down from our current centralized business model and ramp up our completely decentralized model within the next 3 years as mentioned in our roadmap.

We noticed that some information was required, thus we will try to respond as much as we can.

·       about the experience of the founders in the implementation of a successful business.
The team behind RedCab has a track record in a combined professional experience of over 150 years in various industries, start-ups, roles, functions, and countries.
Our team of Advisors shares the success of implementing successful and tangible businesses and we’ve worked very closely since the birth of our company as not to reinvent the wheel and to share the best practice in success.
We’re bringing along our path to success experts and professional personnel to help us build our company.
·       about compliance with the legislation requirements of the securities market and on the taking preventive measures.
We’re creating a utility token to be used within our platform, and we are not selling securities as carefully mentioned in our terms and conditions. Due to capped supply, and organic growth of demand in our service, the logical consequence of expected ROI will occur which will allow us to reinvest in infrastructure and grow further.
Preventive measures in restricting investments from selected countries were taken.
·       about compliance with the legislative requirements for personal data protection and about the development of a Privacy Policy
Our privacy policy is available on our website and updated as of May the 1st 2018. Due to the fact that we do not operate within the EU, the GDPR privacy policy update does not apply to the services we provide at the moment, thus not obligate us to update our policies at this stage. We are planning to update it, however when the business need arises.
·       about large VC investors in the project
Our first round of investment was not large, however, we utilized the funds efficiently to launch our minimal viable product and start operations.
We are currently within an ICO stage to crowdfund our roadmap, develop our processes and backbone, and seek a large VC investor as planned within 2020 to carefully expand our global market reach further.
·       about the safety audit of the smart contract
We used Securify.ch formal auditing tool as well as SmartCheck https://tool.smartdec.net/ for vulnerabilities and bad practices.
Due to the fact that we used POA wizard for the creation of our smart contract that is powered by Tokenmarket.net contracts and open zeppelin best practices, we did not come across any severe issues that might jeopardize the functionality or the safety of our smart contract.
We’re also considering the opportunity to hire a professional auditing company for the thorough report.

Indeed the path ahead is long and full of challenges. Our main priorities at the moment are to expand our advisory list with experts and experienced personnel who believe in the success of our project and would indeed advice us and guide us, as well as hiring the right people from the tech and blockchain space to develop our protocol within time, and walk through our roadmap by developing a product that will impact our communities yet drive profits on the long term.
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May 24, 2018, 07:22:46 PM
 #23

If you still have questions about the Proof of Driving & Proof of Marketing, RedCab Co-Founder and CEO Mohamed Mousa has wrote an interesting and detailed article explaining both concepts  Wink


https://medium.com/redcab/redcab-proof-of-driving-proof-of-marketing-explained-88ca414b45f3
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May 24, 2018, 10:43:23 PM
 #24

A new video tutorial was published today on the RedCab YouTube Channel explaining how to order a RedCab via App:

https://www.youtube.com/watch?v=DC7U2ktd3V4
Ridorie
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May 25, 2018, 08:26:51 AM
 #25

I would recommend each one, who is interested in some information concerning the project; the tokens’ price and all the other stuff about Money Token join telegram chat with Money Token followers and the project developers. Administration gives the answers on all the questions.
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May 25, 2018, 03:18:55 PM
 #26

There is a new article published on the RedCab Blog explaining the revenue model of RedCab. Check it out and share your thoughts Smiley

https://medium.com/redcab/how-does-the-revenue-model-of-redcab-work-f0d59dde0f84
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May 27, 2018, 05:29:32 PM
 #27

We have a new video on the RedCab YouTube channel where RedCab Co-founder &CEO Mohamed Mousa explains the main concepts of the project. Check it out and share your thoughts Smiley

https://youtu.be/Hx_WhQ1PVj8
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May 28, 2018, 09:35:56 AM
 #28

Hey, I'm Musli from ICO Champs
We've taken a look at your ICO and find it appealing enough to be included in our ICO List. You'll get listed completely for free, all you have to give are a couple minutes of your time :-)
Please fill out this form if you want to get listed, thanks.


Hi Musli,

thanks for the opportunity to get listed on your website Smiley We will submit the listing-form shortly.

qanabas
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May 28, 2018, 11:04:06 AM
 #29

We have a new animated video published on our YouTube channel explaining the RedCab concept from A to Z

We would like to know your thoughts on that Smiley

https://www.youtube.com/watch?v=AuNoDxJwcCE
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May 28, 2018, 05:09:24 PM
 #30

RedCab Monetization model explained by Co-founder and CEO Mohamed Mousa Wink

https://medium.com/redcab/redcab-monetization-model-463bdc8132f3
numbern08
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May 29, 2018, 10:02:11 AM
 #31

This is amazing project so far. Their whitepaper and the roadmap is transparant. They have a good idea and great team to make this project will be succes in the future. So good job and hope will be to the moon
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May 29, 2018, 01:00:23 PM
 #32

icoshrimp review
https://icoshrimp.com/red-cab-offering-blockchain-based-solutions-for-the-transportation-industry/

CAPVERTO          BANKING FOR THE FUTURE
Join Us Today! ■❱  SIGN UP FOR ICO 
■     Whitepaper     ■     Twitter        Facebook        LinkedIn   
Zitny
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May 30, 2018, 08:29:40 AM
 #33

Slovakian translation reserved
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May 30, 2018, 07:40:05 PM
 #34

Asser Yehia, Co-founder & CTO at RedCab published an article about the benefits of AI in our daily lives and how it will be applied at RedCab. What do you think about that?

https://medium.com/redcab/ai-driven-logistics-optimization-587925465482
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ENCRYBIT — FUTURE OF CRYPTOEXCHANGE


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May 30, 2018, 09:36:25 PM
 #35

Asser Yehia, Co-founder & CTO at RedCab published an article about the benefits of AI in our daily lives and how it will be applied at RedCab. What do you think about that?

https://medium.com/redcab/ai-driven-logistics-optimization-587925465482

My impression with this project is that, you are really legit in the first place.
You have your app and currently serving a specific area.
Now, the current challenge of your project is how to raise funds from your investors?
You are doing your part already, sharing even small updates and that's a good signal.
Do not stop sharing those updates as they are just watching here.

But I believe you need to lower a bit for your minimum eth contribution during private pre-sale.
Not all can afford such amount. But it's your call anyway. I'm just suggesting here.
Hope you will be successful on your project and expand your operations soon. Good luck!

ENCRYBIT
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      Feature Enriched Cryptocurrency Exchange
PRIVATE SALE IS LIVE! Buy ENCX Tokens | Get up to 40% Discount

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                       JOIN THE BOUNTY!                    
Get Free ENCX Tokens & Win ETH Weekly!
qanabas
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May 30, 2018, 10:10:14 PM
 #36

Asser Yehia, Co-founder & CTO at RedCab published an article about the benefits of AI in our daily lives and how it will be applied at RedCab. What do you think about that?

https://medium.com/redcab/ai-driven-logistics-optimization-587925465482

My impression with this project is that, you are really legit in the first place.
You have your app and currently serving a specific area.
Now, the current challenge of your project is how to raise funds from your investors?
You are doing your part already, sharing even small updates and that's a good signal.
Do not stop sharing those updates as they are just watching here.

But I believe you need to lower a bit for your minimum eth contribution during private pre-sale.
Not all can afford such amount. But it's your call anyway. I'm just suggesting here.
Hope you will be successful on your project and expand your operations soon. Good luck!


Dear TimeTeller,

First of all thank you for your constructive feedback. We always like to learn about the opinion of others and it is interesting to discuss.
Indeed our aim is to gain the trust of our investors and the community. For this reason we are doing our best to stay connected with them, share all our news and discuss questions in our telegram group (t.me/RedCab_ICO)
To get investors is a challenge as we are currently a small company at the beginning of our journey. We just started 2 years back. Nevertheless we strongly believe that our vision and our well detailed roadmap is what real investors want. Operational company with concrete business plan that is quickly progressing on-ground.
Regarding your comment for the private sale amount, you need to consider, that the bonus at the private sale is up to 42% during the last week. This is a great bonus for the buyers who are interested to invest more.
However the private sale will be over in few hours and we are moving forward to the Pre-ICO starting on June 1st, where the minimum contribution of 0.1 ETH is a very affordable amount.

Thanks and Regards Smiley

Anna
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May 30, 2018, 11:31:36 PM
 #37

Asser Yehia, Co-founder & CTO at RedCab published an article about the benefits of AI in our daily lives and how it will be applied at RedCab. What do you think about that?

https://medium.com/redcab/ai-driven-logistics-optimization-587925465482

My impression with this project is that, you are really legit in the first place.
You have your app and currently serving a specific area.
Now, the current challenge of your project is how to raise funds from your investors?
You are doing your part already, sharing even small updates and that's a good signal.
Do not stop sharing those updates as they are just watching here.

But I believe you need to lower a bit for your minimum eth contribution during private pre-sale.
Not all can afford such amount. But it's your call anyway. I'm just suggesting here.
Hope you will be successful on your project and expand your operations soon. Good luck!


Dear TimeTeller,

First of all thank you for your constructive feedback. We always like to learn about the opinion of others and it is interesting to discuss.
Indeed our aim is to gain the trust of our investors and the community. For this reason we are doing our best to stay connected with them, share all our news and discuss questions in our telegram group (t.me/RedCab_ICO)
To get investors is a challenge as we are currently a small company at the beginning of our journey. We just started 2 years back. Nevertheless we strongly believe that our vision and our well detailed roadmap is what real investors want. Operational company with concrete business plan that is quickly progressing on-ground.
Regarding your comment for the private sale amount, you need to consider, that the bonus at the private sale is up to 42% during the last week. This is a great bonus for the buyers who are interested to invest more.
However the private sale will be over in few hours and we are moving forward to the Pre-ICO starting on June 1st, where the minimum contribution of 0.1 ETH is a very affordable amount.

Thanks and Regards Smiley

Anna

You're welcome and thank you also.
I just want this kind of service to be successful in the field of crypto.
Because consumers will have another option to use and they also can get benefit out of it.
And competing with big names in the industry like Uber, Lyt and others is not a big feat. So good luck!

ENCRYBIT
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ▀▀▀
      Feature Enriched Cryptocurrency Exchange
PRIVATE SALE IS LIVE! Buy ENCX Tokens | Get up to 40% Discount

   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ▀▀▀
                       JOIN THE BOUNTY!                    
Get Free ENCX Tokens & Win ETH Weekly!
RedCab LLC.
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May 31, 2018, 06:39:23 AM
 #38

RedCab's company profile continues to climb the ranks on Crunchbase 📈

https://www.crunchbase.com/organization/redcab-llc


qanabas
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May 31, 2018, 11:32:23 PM
 #39

Asser Yehia, Co-founder & CTO at RedCab published an article about the benefits of AI in our daily lives and how it will be applied at RedCab. What do you think about that?

https://medium.com/redcab/ai-driven-logistics-optimization-587925465482

My impression with this project is that, you are really legit in the first place.
You have your app and currently serving a specific area.
Now, the current challenge of your project is how to raise funds from your investors?
You are doing your part already, sharing even small updates and that's a good signal.
Do not stop sharing those updates as they are just watching here.

But I believe you need to lower a bit for your minimum eth contribution during private pre-sale.
Not all can afford such amount. But it's your call anyway. I'm just suggesting here.
Hope you will be successful on your project and expand your operations soon. Good luck!


Dear TimeTeller,

First of all thank you for your constructive feedback. We always like to learn about the opinion of others and it is interesting to discuss.
Indeed our aim is to gain the trust of our investors and the community. For this reason we are doing our best to stay connected with them, share all our news and discuss questions in our telegram group (t.me/RedCab_ICO)
To get investors is a challenge as we are currently a small company at the beginning of our journey. We just started 2 years back. Nevertheless we strongly believe that our vision and our well detailed roadmap is what real investors want. Operational company with concrete business plan that is quickly progressing on-ground.
Regarding your comment for the private sale amount, you need to consider, that the bonus at the private sale is up to 42% during the last week. This is a great bonus for the buyers who are interested to invest more.
However the private sale will be over in few hours and we are moving forward to the Pre-ICO starting on June 1st, where the minimum contribution of 0.1 ETH is a very affordable amount.

Thanks and Regards Smiley

Anna

You're welcome and thank you also.
I just want this kind of service to be successful in the field of crypto.
Because consumers will have another option to use and they also can get benefit out of it.
And competing with big names in the industry like Uber, Lyt and others is not a big feat. So good luck!

Dear TimeTeller,

at RedCab we are convinced, that our service will be in demand because besides the standard car-hailing service, RedCab is offering services on Top that are unique. Proof of Driving, Proof of Marketing these concepts are registered intellectual property at RedCab LLC. (Registration number:   6239137959 registration can be verified online at https://www.copyrightregistrationservice.com/verify/). With the help of Blockchain, AI and Proof of Driving, RedCab is solving two major problems that are currently present on the market.

1. Problem: Price Fluctuations during peak hours

Nowadays during peak hours, riders have to pay higher prices for a cab as there is short supply. Through Proof of Driving concept, drivers will be motivated with tokens to accept more rides. This will prevent shortage on the market during peak hours and will stabilize the prices for a ride.


2. Problem: High comission fees for the companies

Currently the car-hailing services need to charge a comission from each ride to sustain in the business. RedCab is planning to gradually reduce this comission to 0% within the next 3 years. This will be beneficial for the driver who will receive more profit and for the rider who will save money. Meanwhile RedCab is planning to introduce Geo-Ads within the app and this should become the main profit source for the company. This way everyone in the community can benefit: Drivers have more profit, riders have more savings and local businesses can advertise their products to a targeted audience which decreases the ad-costs and increases the conversion rate.

Regarding your concern about the competition with the large companies. This concern is totally valid and here we need to clarify that our vision is totally realistic and we are not planning to compete with the big players at the current stage. We are a small company founded just 2 years back. Our strategy is to expand to small touristic places where we can gain customer-trust and perfectionize our services. The competition in small touristic places is not high which gives us a chance to grow slowly but steadily. The competition with the big players in the market may be considered in the long term period.

Regards,

Anna
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May 31, 2018, 11:46:04 PM
 #40

Our Pre-ICO is finally live!
Get REDC-Tokens for a price of 1ETH = 2 682 REDC
As a nice bonus you can enjoy the new sleek design of our website Wink

Check it out and share your feedback with us.

https://www.redcab.io/
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