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RideNode (RIDE) IEO

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.

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Overview

WhitepaperRideNode White Paper Open
OnepagerRideNode 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

    1
    July 2019

    Idea About RideNode (RIDE) IEO

    2
    September 2019

    Website and IEO Platform Development

    3
    October 2019

    Whitepaper and platform completion

    4
    November 2019

    RIDE Tokens on sale (RIDE on P2PB2B Exchange)

    5
    Jan 2020

    Apps Development and future planning

    Project team

    Rich Rao
    Rich Rao
    Founder & CEO
    Rich Rao linkedin
    Sudheer Kartan
    Sudheer Kartan
    CTO
    Sudheer Kartan linkedin
    Vinay Hazare
    Vinay Hazare
    CFO
    Vinay Hazare linkedin

    Advisors

    Paul Ziomber
    Paul Ziomber
    Security Advisor
    Paul Ziomber linkedin

    Social media

    RideNode web-siteRideNode RedditRideNode MediumRideNode TelegramRideNode LinkedInRideNode TwitterRideNode FacebookRideNode Slack

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