Founded in 2016, and launched in 2017, RedCab is a decentralized mobile-app transportation platform. It aims to provide the user with the tools to act as a freelancer in the individuals' transportation market. The RedCab platform is designed to work with a rating system related to the drivers' delivery quality. The platform uses a new concept named Proof of Driving which will act as a mining system for REDC tokens, users are expected to mine tokens while driving.

The REDC token is an Ethereum-based (ERC20) cryptocurrency developed by the RedCab. It is a utility token for a day to day usage into the RedCab app.

Founded in 2016, and launched in 2017, RedCab is a decentralized mobile-app transportation platform. It aims to provide the user with the tools to act as a freelancer in the individuals' transportation market. The RedCab platform is designed to work with a rating system related to the drivers' delivery quality. The platform uses a new concept named Proof of Driving which will act as a mining system for REDC tokens, users are expected to mine tokens while driving.

The REDC token is an Ethereum-based (ERC20) cryptocurrency developed by the RedCab. It is a utility token for a day to day usage into the RedCab app.

Team:

• Mohamed Mousa: Co-Founder & CEO. 
• Walid ElGendy: Co-Founder & CBO. 
• Asser Yehia: Co-Founder & CTO. 
• Mohamed Ameen: Co-Founder & Creative Director. 
• Fadi Nashed: Founder & COO. 
• Amr: Chief Trading Officer.

RedCab ICO began on June 22, 2018. The ICO token supply represents 62% of the total token supply, so there is a total of 62,000,000 REDC tokens available, for 0.00042863 ETH each. The ICO funding target is T.B.A., the funding cap is 24529 ETH and is expected to end on October 15, 2018 or when the funding cap is reached. Any unsold/remaining tokens will DESCRIPTION.

Token Reserve Split (38%):

• 25% Reserved for Proof-Of-Driving & Proof-of-Marketing token generation algorithm;
• 9% Team and Founders;
• 3% Advisors;
• 1% Bounty. 

RedCab ICO campaign features a bounty as well as the following bonus structure.

Bonus Structure:

• 67% in Private Sale;
• 15% in PreSale.