Drife

Drife

Created using Figma
Created using Figma

Last Update

Jan 7, 2019

Drife is a decentralized ride-hailing platform with the intent of empowering the value creators and extractors within its ecosystem – the platform drivers and riders. Drife aspires to disrupt the existing business model and to create a fairer, more efficient and transparent ride-hailing economy and transportation marketplace.
IEO
Oct 5, 2019
Oct 20, 2019
100% completed
Raised funds - no Data
past
  • 1 DRF
    =
    0.25 USD
Token Details
Ticker
DRF
Total supply
325000000
Token Distribution
• 50% of such tokens will be issued in three phases with different pricing and bonus arrangements.

• 50% of the remaining tokens will be divided amongst the Private sale (10%) Social Incentive (10%), Development pool (5%), Team members (5%) Founder (10%) which will be locked for 10 years, Bounties and Airdrop (3%), Referral, Rewards and Bonus-5%, Advisory (2%)
Accepted Currencies
ETH, BTC
Min Contribution
0.1
ETH
Company Details
Registered Country
United Kingdom
Company Founded
Sep 11, 2018
Bonus Structure
Private Sale-50%
Presale-20%
ICO-I-15%
ICO-II-10%
Additional Details
MVP/Prototype
Yes
Platform
EOS
KYC
Yes
Categories
Platform

About Drife

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.

In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems. Despite the opportunities being accorded by the blockchain enterprise, adoption for most of these platforms is still out of reach because:

“Not many real-world use cases have been fully disrupted”

 

Features

No commission
Our aim is to eliminate excessive transaction fees, reduce censorship (reduce interference from DRIFE
side) and redistribute value back to the community while enhancing transparency.
A zero-commission structure leads to better incomes for drivers, who, in turn, can pass on some of these
benefits to the riders who save on commuting costs. So the DRIFE platform eventually becomes a
platform that provides high incomes to drivers and economic incentives (in the form of savings) to riders
as well.
SOLUTION
Offer a price, choose the drive – transparently, verifiably
At DRIFE, we are not just creating a platform for service providers and receivers; we are creating a self-reliant
ecosystem where every stakeholder plays a vital role in its growth healthy sustainability. On the
DRIFE platform, we provide drivers with the option of offering a price for a ride. Riders can choose the
ride, depending on offered rates. All of this being done on the blockchain provides an extremely high
level of transparency and verifiability.
08
The DRIFE platform is a true peer-to-peer network, where the two main stakeholders - the rider and the
driver - are directly connected to each other for mutual benefit. Also, the DRIFE platform is more a
community than a service providing platform, so riders and drivers can form their own networks to help
each other out in times of need.
We at DRIFE are committed to making the riders’ journey safe and we have created multiple safety
solutions which are currently absent from the ride-hailing ecosystem.
P2P Network
Safety
Psychological Test for each Driver –Following successful completion of the KYC
process, every driver must undergo an extensive psychological test before being accepted as
a DRIFE Driver Partner. Full background verification, together with a positive psychological
analysis, will enable an applicant to become a DRIFE Partner. The test is designed to analyse
such issues as road rage, the general predisposition of a driver and to avoid employing
sexual offenders. Not only will our thorough testing methods be conducted as part of the
application process, but we will also conduct periodic testing to ensure the drivers remain in
a sound psychological state.
Facial Recognition (Automation of DRIVER ID)- Facial recognition represents the
new wave of identity and authentication solutions. Every driver has to identify themselves
as the one who registered with DRIFE to start their rides. This will ensure that the DRIFEregistered
driver is matched to the driver offering the ride.
Ride Notification-This feature will allow riders to share the ride status with their network
(family and friends). When a passenger sends a ‘ride status alert’, the driver will also be
notified that the ride is being tracked.
09
Drife is a decentralised application built over blockchain infrastructure. Blockchain is a distributed,
incorruptible, digital ledger of transactions that can be programmed to record just about anything of
value. One of the most unique features of blockchain is its quality of acting as a decentralized, trustless
database shared between parties in a peer-to-peer network. This eliminates the involvement of
middlemen or third-party intermediaries. Within the digital decentralized network of a blockchain, there
can exist not only the digital identities of the peers involved but also digital protocols and pieces of
code. Smart Contracts are such programmable computer code residing on top of a blockchain,
constituting a set of rules which are agreed upon by the involved parties. Every time the smart contract
is triggered, there is a transition in the state of the system, and a transaction is recorded on the ledger.
Therefore, blockchain and smart contracts permit trusted transactions and agreements to be carried out
among disparate parties without the need for a central authority, legal system, or external enforcement
mechanism. Drife uses them to create a sustainable peer to peer network of the users - drivers and
riders who are the platform stakeholders, having stakes in the Drife Ride-hailing ecosystem.

Technical Info

The Drife decentralised application (DAPP) is built over the EOSIO blockchain infrastructure which tries to
solve some common blockchain development challenges like low speed and transaction throughput,
scalability, and high mining/gas cost, thereby making it technologically and economically more viable to
create and support enterprise-level decentralized applications. EOSIO is an open-source blockchain
software protocol that provides accounts, authentication, databases, asynchronous communication and
the scheduling of applications across multiple CPU cores and/or clusters. EOSIO’s operating system-like
construct enable vertical and horizontal scaling of DAPPs.

Drife Roadmap

  • 2018- Q1-Q2

  • Idea of Decentralized Taxi, Conversion of Idea into full fledged business plan, Company Formation
  • 2018-Q3-Q4

  • Idea of Decentralized Taxi, Conversion of Idea into full-fledged business plan, Company Formation
  • 2019-Q1-Q2

  • Demo Version of Dapp and Testing of MVP
  • 2019-Q3-Q4

  • Alpha version of Dapp and Pilot Run
  • Read More
  • 2020-Q1

  • Drife to go Live
    Phase 1
  • 2020-Q2

  • Drife to go Live
    Phase 2
  • 2020-Q3

  • Drife to go Live
    Phase 3
  • 2020-Q4 and ahead

  • Expansion and development

Activity

Activity:
1 344
VERY HIGH
Posts:
3 183
VERY HIGH
Views:
41 782
VERY HIGH
Activity:
1 344
VERY HIGH
Merit:
699
VERY HIGH
Posts:
3 183
VERY HIGH
Views:
41 782
VERY HIGH
Users:
90
LOW
Followers:
3 252
MEDIUM
Likes:
2 710
MEDIUM
Rating:
5
VERY HIGH
Followers:
12 085
VERY HIGH
Tweets:
275
MEDIUM
Fake Users Detected:
40.05%
30 Days Growth:
-87
Members:
13 735
VERY HIGH
30 Days Growth:
-873

Drife Materials

Participation in events

Drife Team

Verified 50%

Attention. There is a risk that unverified members are not actually members of the team

Firdosh Sheikh
Co-Founder & CEO
verified
Surya Ranjith
Co-Founder & CFO
verified
Wadad Kafka
Cheif Evangelist
unverified
Debraj Ghosh
IT Infra Consultant
unverified
Mudit Marda
Lead Blockchain Developer
unverified
Rakesh Sahu
IOS Developer
unverified
Samarth jain
Legal & Compliance
unverified
Syed Adil Nawaz
Product Designer
verified
Abhilash Verkey
Marketing & Research
verified
Emmanuel O. Olumide
Content & PR
verified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Rick Floyd
Advisor
unverified

8 ICO

$53 957 253

Hugo Jacques
Advisor
unverified

78 ICOs

$517 515 490

Ian Scarffe
Advisor
unverified
William Berry
Advisor
unverified

Former members

2 ICO

$276 328

Abhijit Roy
CTO & Architect

2 ICO

$5 320 000

Andrew Willis
Chief Strategy Officer

2 ICO

$28 000 000

Arpit Sharma
Chief Operating Officer

34 ICOs

$34 267 163

Giovanni Casagrande
Board Advisor
Abhishek Singh
Advisor
Mickael Dammour
Advisor

3 ICO

$5 320 000

Shameer Thaha
Advisor

12 ICOs

$25 831 590

Savio Gomez
Advisor

Drife Interviews

Firdosh Sheikh
As a team member, сan you tell us about your role in the ICO project?
I'm Cofounder and CEO at Drife, and my roles include product development and investor outreach and building a better tomorrow
What do you think about idea?
We are committed to making a change and believe DRIFE will change how the mobility industry works today
Surya Ranjith
As a team member, сan you tell us about your role in the ICO project?
I am the Co-founder and CFO of this prestigious project and also key member in building the idea and the team from scratch
What do you think about idea?
If things fall in to place for DRIFE this could disrupt the current ride hailing industry and this is the Future
Andrew Willis
As a team member, сan you tell us about your role in the ICO project?
The right strategic decisions influence the whole product in terms of delivery, customer value and overall success. Working with such a highly experienced and skillful team enables the smooth development of our great product - DRIFE.
What do you think about idea?
DRIFE is unique. DRIFE will disrupt existing business models and remove the corporate intermediaries involved in 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. Take a deeper look here: https://www.drife.one/
Syed Adil Nawaz
As a team member, сan you tell us about your role in the ICO project?
I hold a position or Product Design & strategy. I understand people emotions and design interfaces according to their needs.
What do you think about idea?
The idea on which we are currently working on is not just uber on Blockchain but it's creating a community with people of similar opinions.
Abhilash Verkey
As a team member, сan you tell us about your role in the ICO project?
Support Drife in its research endeavors. Typically include researching the current ride hailing outlook, strategies etc.
What do you think about idea?
A step ahead compared to the incumbent ride hailing applications.
Utilizing the maximum benefits of Blockchain to develop a peer to peer market.
Emmanuel O. Olumide
As a team member, сan you tell us about your role in the ICO project?
I'm responsible for content development and PRs; ensuring effective communication of ideas, objectives and milestone achievements.
What do you think about idea?
The idea is revolutionary since it allows drivers to earn full-fares for every trip undertaken. As for riders, security and safety features are guaranteed by the platform.

As a product, it's a competitive 3-way incentivized ride-hailing platform that has self-evolving mechanisms suitable for mobility as a service (MaaS) economy.

Drife Last News

4.37
positive
5.0 19
IEO Profile Vision Activity Potential Product Team
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