Alternative RideNode in Removing Monopolistic Activities
As cryptocurrency activists, of course we are very accustomed to listening to or even participating in crowdfunding activities, initially this system has links with social activities such as fundraising which is conducted to fund several charities throughout the world. However, over time the crowdfunding system is a fundraising activity that can also be utilized by Blockchain-based platforms that have just entered its inaugural market, where the fundraising will be done by 2 methods, namely Initial coin offering or ICO and Initial exchange offering or IEO . Later on, each platform can apply or do crowdfunding by choosing one of these methods. Where each platform will do crowdfunding so that he gets additional funds that will be used to improve the project and platform.
Although crowdfunding can be done by every platform, but the platform must also be equipped with various features or services that can be trusted by the community. Because with a crowdfunding system that does not limit its objectives, this system will also allow all parties from various groups to invest in the platform. As with other platforms that implement crowdfunding systems to obtain additional funding, this is also done by the RideNode platform.
Ride Is one of the tokens issued by the RideNode platform and can be relied upon as a payment medium for the use of transportation services. This token is one of the ERC-20 based tokens, which type of token is a type of token that is widely used by other Blockchain-based platforms and also has a high standard of speed, so that it will be easier for users when making various kinds of transactions. Currently Ride tokens already have a total supply of tokens of 25 billion units of tokens, which platform will conduct IEO which will be distributed in 4 sessions, the first session was successfully carried out on 22 November 2019 and the next session will be conducted at some time will come. For the purchase of the Token itself, this platform has set a minimum purchase of Ride tokens which is up to 1000 units using several crypto currencies such as BTC, ETH, USD and USDT, for users who purchase more than 1000 units of Ride tokens, they will automatically get a discount by 20%. Therefore, for beginners who want to get the token, they can automatically make purchases during the IEO and can get discounts for certain purchases.
As a platform based on the RideNode Blockchain it will carry out its function as a transportation service provider, which aims to make the world’s population can use one type of currency, cryptocurrency. This is deliberately done so that this platform can remove monopolistic activities carried out by the government and centralized companies. As we know that at this time a lot of private transportation that appears in the midst of the community such as taxis, uber and several other private companies. They will charge a fairly high rate than other public transportation, although passengers will use the service for short distances. This is certainly not effective for passengers, because they have to pay dearly for even close distances. With the monopoly activities carried out by the private company, it is appropriate that many people choose to use private vehicles rather than transportation that has been provided by the government or private institutions.
Another problem that often arises and is very worrying is the security system that is provided is very low, so a lot of criminalization that occurs when carrying out driving or using the transportation. For example, there are many passengers who experience criminalization such as theft, murder and sexual violence. Where this criminalization occurs due to the lack of security systems that he provided by private companies, because they only focus on profits but not focus on the safety of the passengers and drivers.
RideNode Present to solve various problems that occur in the world transportation system, which platform will operate by relying on the Bayride application and will allow its users to make payments using cryptocurrency. By using this currency he can empower passengers and drivers by setting low fares but automatically the fixed rates will become the driver’s full, for which the drivers will not get a discount from the central company.
More information about Ridenode
Website: https://ridenode.io/
Telegram: https://t.me/RideNodeGroup
Twitter: https://twitter.com/RideNode
Whitepaper: https://www.ridenode.io/wp-content/uploads/2019/11/RideToken-WhitePaper-Version3.0.pdf
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BTT: https://bitcointalk.org/index.php?action=profile;u=2579514;sa=summary
ETH: 0x477dd810aecb45027354e53329e91d35f320a3eb
Published at Wed, 29 Jan 2020 03:50:09 +0000
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