Drife To Storm The Cab Driving Industry With Its Blockchain Technology
The blockchain-based ride-hailing platform is here to bring drivers and riders closer than ever. The idea is to provide both sides with a safe and valued experience.
FollowDrife is all set to take the cab driving industry by storm with its fresh and futuristic approach. The blockchain-based ride-hailing platform is here to bring drivers and riders closer than ever. The idea is to provide both sides with a safe and valued experience.
Using blockchain technology, Drife provides market-driven pricing for rides through a complex system that incorporates demand, user rating, and other factors to ensure an optimal experience for both rider and driver. Drife aims to break the cycle of low wages and high demand for drivers and promises to offer 100% of the fare straight into the drivers’ pockets. When 100% of the profits go to drivers, costs can be slashed, and the riders also stand to pay less for a higher quality experience.
Since Drife is based on blockchain technology, it uses cryptocurrency as a method of payment. At first, it will allow for payment using the native $DRF token. The idea is to understand all the ways the token can deliver value and flexibility to clients. The team also plans to implement bonus systems, special functions, and additional purchases with the DRF token. The customers can also use it to stake and earn rewards while it is not in use. Using the native token on the platform is the best way to ensure that you’re getting the best prices and rewards.
But the options are not limited. In future, the platform will start accepting other cryptocurrencies like Bitcoin also. Stay tuned for that!
The platform also provides conversion options. You can convert from fiat or other currencies right on the application, and soon the support for everything will be added. However, the MVP will focus on the native token and the fiat on-ramp. Staking will initially be available on UNISWAP, and eventually, it will be added on the BSC side.
The idea of Drife started with one simple conversation. CEO and Founder Firdosh was on a late-night Uber ride and shared a heartfelt moment with a driver who shared his experience struggling to make ends meet driving long hours and facing increasing commission rates imposed by the Uber platform. From that very moment, she decided to take charge of things. The former Microsoft Financial Analyst dropped everything to take the broken ride-hailing industry head-on. What she found was even more shocking than she thought. In a recent MIT study, statistics showed that almost 75% of Uber and Lyft drivers were working under minimum wage, exposing a much greater problem that only an innovative platform like DRIFE could solve.
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