We evaluate the team as being professionals with experience working together.
There were no discrediting facts about members discovered during the audit, and the advisors as highly skilled.
We evaluate the DRIFE project as a high ability to become a successful project and we believe that it could be successful to create a popular ride-hailing platform for the society in the long term.
General information about the project and ICO:
DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering both, the drivers and commuters
Platform: EOS
Technical Standard: ETH ERC-20 Compliant Token
Token: DRF
Soft Cap: 7 000 000 USD
Hard Cap: 35 000 000 USD
Pre-ICO:
Discount Rate: 20%
DRF to be sold: 32.5 Million
Date: 25 February 2019
Main ICO I:
Discount Rate: 15%
DRF to be sold: 65 Million
Date: 10 March 2019
Main ICO II:
Discount Rate: 10%
DRF to be sold: 65 Million
Date: 10 April 2019
Accepted currencies: BTC, ETH, USD, EUR.
Number of tokens for sale: 162 500 000
Project Description:
DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators within our ecosystem – these include the drivers, commuters, and community developers.
DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions.
Our ride-hailing platform has created a new paradigm for the ride-hailing industry.
We are the first platform in this niche to express the full features of the decentralized ride-hailing economy.
With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-hailing platform and solve the horde of issues that have emerged from the current model of centralized business.
The growth of the platform not only contributes to the objective of DRIFE but also enhance the overall value provided to all the stakeholders concerned like driver’s income, commuters fare, cybersecurity and transparent governance.
Market and Competition Review:
Ride-hailing industry:
According to TechSci Research report, “Global Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, Competition Forecast & Opportunities, 2017-2023”, the ride-hailing market across the globe is projected to cross $ 136 billion by the end of 2023. Growth in the market is anticipated on account of growing urbanization and the rising popularity of ride-hailing services. Also, increasing preference of millennials for ride-hailing or e-hailing services, development of semi-autonomous and autonomous vehicles, and surging internet penetration are anticipated to boost demand for ride-hailing services, globally, over the coming years.
Uber Technologies Inc., Lyft Inc., and Didi Chuxing are among the leading players operating in the global ride-hailing market. With a value share of around 95% in 2017, the passenger car segment dominated the global ride-hailing market in terms of vehicle type. As more and more people are inclining towards passenger car sharing due to its cost-effectiveness, the segment is expected to maintain its dominance in the market during the forecast period as well. Asia-Pacific is the largest demand generator for ride-hailing services across the globe, backed by the presence of huge population, strong automobile sales and shifting trend from traditional taxis to ride-hailing services in the region.
Competitors:
You can find a detailed review of the competitors in the DRIFE whitepaper.
Documentation:
We have analyzed the DRIFE website and documentation for sufficiency and consistency for making an investment decision.
Information about the project is available in the Website, Light Paper, and Whitepaper. In the White Paper, the project is described in sufficient detail. The main emphasis is on the vision and advantages of the system. The vision is great.
The website also provides information about the project, Token sale, App, Partners, Roadmap, and Team. The website is presented in English
Summary: The documentation enables a comprehensive view of the project. The vision is described in sufficient detail.
Team:
There are 2 Co-founder team members, the whole team is 13 members along with nine advisors.
Key positions are occupied as follows:
Firdosh Sheikh, Co-founder & CEO
Building disruptive and innovative Nexgen Ride-hailing Platform | DRIFE | Blockchain | Chartered Accountant
Firdosh is Co founder and CEO of DRIFE. DRIFE is a decentralized Ride-hailing platform powered by EOS blockchain with the intent of empowering both the drivers and the riders without any existence of central entity. Firdosh has Demonstrated history of working in the capital markets industry. Strong professional graduated from Institute of Chartered Accountancy of India.
Surya Ranjith, Co-Founder & CFO
Has over 3 years of industry experience in hedge fund management project, and demonstrated the history of working in the capital markets industry, also worked on blockchain implementation in the finance industry. With experience in providing assistance in implementing blockchain solutions for capital industry.
Advisors:
Advisor
Advisor
Board Advisor
Advisor
Advisor
Advisor
Investor Relations
Investor Relations
Investment Risks:
In our opinion, the token price will grow with the successful implementation of the milestones established in the roadmap, as well as increasing user and partners interest in the platform.
The main risk of the DRIFE project is: Whether the product will be able to take a sufficient share of the market and attract the attention of users.
Thus it can be stated that we have not identified any specific risks for the DRIFE project.
Total Rate:
