Published: Feb 02, 2020

RideNode (RIDE) IEO

Website

Status

IEO

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.

Whitepaper

Onepager

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Interest lvl

High

Updated: May 29, 2023

Learn more about our rating

User Rating

High

3.5/5 • 2 votes

Ticker

RIDE

Type

Utility-token

Token standard

ERC20

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.

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

Token Sale Dates

IEO

Start date: Nov 22, 2019

End date: Feb 14, 2020

Token Allocation

Total Token Supply 25,000,000,000 RIDE

Total Tokens for Sale 10,000,000,000 RIDE

Funding Details

Soft Cap 5,000,000 USD

Hard Cap 500,000,000 USD

Funds allocation

70% - Public sale
10% - Ambassadors & Bounty Programs
20% - Founders and Team

Token Price and Payment Options

Token price USD 1 RIDE = 0.05 USD

Accepted Currencies BTC, ETH, USD, UDT

Project team

Rich Rao

Founder & CEO

Sudheer Kartan

CTO

Vinay Hazare

CFO

Advisors

Paul Ziomber

Security Advisor