Wednesday, June 4, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

RideNode, Blockchain-Based Transportation Digital Currency Goes Live With It’s IEO on P2PB2B Platform

by firstcryptonews
November 23, 2019
in Press Release
RideNode

RideNode is an Ethereum blockchain-based transportation solution token and promises to disrupt the current market dominated by the likes of Uber, Lyft, Via and many other taxi services. The ERC-20 based RideNode token promises to provide a better alternative to the customers with a zero percent commission fee, and use of blockchain to cut the middlemen.

The transportation industry is a whopping $300 billion large and it is still growing at a fast rate. The evolvement of technology in the past decade has made these services more accessible with a few taps on your phone. However, like any other industry, big companies like Uber and Lyft have most of the market share which gives them a sort of monopoly which in turn leads to a decline in service quality, low paid drivers, bad insurance models, and many such issues. In the current system, the customers have kept paying more while the driver’s cut has been getting lower.

The main reason for such distress is the centralization of control in the hands of a few cash-rich giants whose only aim is to make as much money as possible while sidelining the needs of the drivers. Some of the most common problems of the current industry include,

  • The passenger safety and security being compromised and threatened, mostly resulting in bodily harm and tragic deaths.
  • Drivers were forced to drive more and receive less and fewer earnings that are too low for them to make ends meet, inevitably damaging morale and resulting in them feeling hopeless and desperate, and in some cases even pushing them to tragically take their own lives.
  • Drivers being denied the tools and information they need for optimal choices to make regarding insurances, accounting, and general safety.

RideNode aims to end this monopoly with the help of blockchain technology, where the use of Distributed Ledger Technology (DLT)  would allow them to keep the benefits between the driver and the customer instead of third parties and middlemen. RideNode promises to provide a superior service quality with an emphasis on customer and driver security.

How RideNode Works?

RideNode would operate via the BayRide Mobile application where it can be used as a payment currency for the transportation service a customer use. There is no commission charged by the firm from drivers to use its a platform. The customers pay directly to the driver unlike the current model where the customers pay to the company and the company pays a cut of the ride to the driver.

In case a customer search for a ride in a particular area using BayRide services, they first upload the screenshot of the price of their ride from traditional service providers like Uber and Lyft, the BayRide drivers then bid a lower price for the ride and the customer can decide whether the price is acceptable by done. All of this is done in real-time using Bayride’s proprietary technology, S.M.A.R.T.FARE™. Once the rider accepts a price from the driver, it is locked in a smart contract.

The firm is also planning on creating a tool to detect any fake screenshot which users may try to pass on to get discounted rides. The aim is to create a common marketplace for both the riders and the drivers with better service quality and efficient pricing.

The IEO

RideNode token is an ERC-20 based token with a total market supply of 25 billion tokens. The public sales of the token started on August 10th and will be continued till January 8th, 2020. The current IEO sale is for 2.5 billion tokens valued at 0.04 USD.

The IEO will be conducted in 4 sessions starting on 22nd November and ends on 6th December. Customers can buy a minimum of 1000 RIDE token against BTC, ETH, USD, and USDT. Users who buy more than 1000 RIDE token would get a 20% discount.

The firm is planning to get into the full-scale deployment of its service by the first quarter of 2020, launch and deploy its RideGuard, RideEx, and OnAir programs and by the end of 2020 conduct its IPO for BayRide on New York Stock Exchange.

First session of IEO is Live on P2PB2B. Buy RIDE Now!

Learn More About RideNode

Website: https://www.ridenode.io/

Twitter: https://twitter.com/RideNode

Telegram: https://t.me/RideNodeGroup

Media Contact :

Company Name: BayRide Inc.
Contact Person: Rich Rao
Email: [email protected]
Phone: 631-464-9664
Country: United States
Website: https://www.ridenode.io

Related Posts

From Hype to Maturity: How Cryptocurrency Is Shaping Global Finance in 2025

From Hype to Maturity: How Cryptocurrency Is Shaping Global Finance in 2025

by firstcryptonews
June 3, 2025
0

Once considered the “wild west” of finance, cryptocurrency has grown up. Over the past few years, we’ve seen Bitcoin evolve...

Nomoex Launches the World’s First Multi-L1 Layer 2 Blockchain for Finance

Nomoex Launches the World’s First Multi-L1 Layer 2 Blockchain for Finance

by firstcryptonews
June 3, 2025
0

Bengaluru, India | June 1, 2025 — In a breakthrough moment for the blockchain industry, Nomoex — a leading crypto...

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

by firstcryptonews
May 31, 2025
0

May 24, 2025 — In a world where internet culture and blockchain innovation increasingly overlap, a new digital asset is...

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

by firstcryptonews
May 30, 2025
0

George Town, Grand Cayman – 26 May 2025 – CV5 Capital, is pleased to announce that Cryptanium Fund I SP,...

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

by firstcryptonews
May 24, 2025
0

May 23, 2025 – On a live community call with over 500 attendees, Connect, in collaboration with Win Blockchain community...

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

by firstcryptonews
May 22, 2025
0

Toronto, Canada – May 20 2025 – Renovation.Reviews, the community-driven hub where DIYers, contractors and designers share renovation know-how, today...

Next Post
Dubler Token

Dubler Token (DBT) set to start its public sale on 02 December on VinDAX Launchpad

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

x10 legends

X10 Legends Significantly Oversubscribed at 758%

4 years ago
Multichain AI-NFT Platform Colle AI (COLLE) to Support NFTs on Solana

Multichain AI-NFT Platform Colle AI (COLLE) to Support NFTs on Solana

7 months ago
Introduction of POPKON Blockchain-based L2E Live Streaming Platform

Introduction of POPKON Blockchain-based L2E Live Streaming Platform

3 years ago
Meet TABOO, the unique token that gives reward for every transaction

Meet TABOO, the unique token that gives reward for every transaction

4 years ago
Binance CEO Claims VC Giant Hurt His Reputation

Binance CEO Claims VC Giant Hurt His Reputation

6 years ago
Wolfs Group Investments OÜ

Wolfs Group Investments OÜ

5 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Colle AI Drives Platform Expansion Through Targeted Developer Optimization Features

Colle AI Drives Platform Expansion Through Targeted Developer Optimization Features

June 3, 2025

Press Release

From Hype to Maturity: How Cryptocurrency Is Shaping Global Finance in 2025

From Hype to Maturity: How Cryptocurrency Is Shaping Global Finance in 2025

June 3, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News