RideNode (RIDE) IEO

IEO

Last updated: May 29, 2023

BayRide Inc. is building RideNode; (RIDE), the first American Transportation Blockchain, that enables the ridehailing market to thrive beyond its limits in order to allow direct transactions between drivers and riders and provide security protection by implementing features like S.M.A.R.T.FARE; and RideGuard.

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Overview

Whitepaper	Open
Onepager	Open

What is RideNode

WHAT DOES IT DO?

Because it’s on the blockchain technology, the ride-hailing industry freely operates on the free market principle. This is the first US based blockchain apparatus to service and combine separate service industries.

The blockchain technology eliminates the need for middleman, thus allowing a no commission fee structure for drivers. For example, under the current antiquated centralized business model, Uber/Lyft charges $20.00 for the fare and takes 40% commission from drivers. Drivers get paid $12.00 and passengers pay $20.00. RideNode™ technology enables fare negotiating and bidding, Thus, even if the driver and passenger negotiate a $15.00 fare for that trip, the driver gets entire fare which would be $15.00, and the passenger only pays $15.00. As a result, riders pay less for same trip, and drivers earn more, compared to Uber and Lyft’s business model. Only requirement is that both parties must remit a RideNode™ token each per transaction.

OPENING NEW MARKETS:

RideGuard™, a RideNode™ exclusive, combines the ride-hailing and close protection service industries and is accessible to every rider. This improves safety for Riders, especially children.

RideEx™ another RideNode™ exclusive, combines ride-hailing and specialized delivery transport service industries utilizing existing peer to peer ridesharing network already in place.

RideNodes™ are used on the BayRide™ mobile application platform and allows direct and instantaneous price negotiation among both parties involved.

Therefore, RideNodes™ are a disruptive technology as demonstrated by our practical application, the BayRide™ mobile application, in the ride and transportation industry. This results in higher wages and improved working conditions for drivers. In addition to innovatively creating new lucrative jobs, we will also see less price gouging and safer trips for riders.

Details

IEO (p2pb2b Launchpad): Nov 22, 2019 - Feb 14, 2020
Token supply: 25,000,000,000 RIDE
Total tokens for sale: 10,000,000,000 RIDE
Soft cap: 5,000,000 USD
Hard cap: 500,000,000 USD

Legal

Blockchain Platform: Ethereum

Token info

Ticker: RIDE
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 RIDE = 0.05 USD
Accepted currencies: BTC, ETH, USD, UDT
Bonus program:
IEO 1st session: 22-11-2019 To 06-12-2019
IEO 2nd session: 20-12-2019 To 03-01-2020
IEO 3rd session: 10-01-2020 To 24-01-2020
IEO 4th session: 31-01-2020 To 14-02-2020
Funds allocation:
70% - Public sale
10% - Ambassadors & Bounty Programs
20% - Founders and Team

RideNode Roadmap

July 2019

Idea About RideNode (RIDE) IEO

September 2019

Website and IEO Platform Development

October 2019

Whitepaper and platform completion

November 2019

RIDE Tokens on sale (RIDE on P2PB2B Exchange)

Jan 2020

Apps Development and future planning

Project team

Rich Rao

Founder & CEO

Sudheer Kartan

CTO

Vinay Hazare

CFO

Advisors

Paul Ziomber

Security Advisor