RedCab ICO (REDC)

Blockchain based P2P transportation platform

RedCab is a blockchain based P2P transportation platform. RedCab relies on Proof of Driving, Proof of Marketing, AI road assistant algorithm, Geo Ads  based monetization, and a powerful portfolio for on-ground transportation information.

Start Date

01 Jun, 2018

End Date

15 Aug, 2018

RedCab Use of Token

REDC tokens are RedCab's native tokens. REDC is an Ethereum based ERC20 token. There will be a total of 100 million REDC tokens, 40% of which will be offered for sale via the ICO. REDC tokens will be used to pay drivers for the trips they do via the platform via the unique Proof of Driving model of the platform. Customers will be also rewarded for taking trips, submitting reviews for drivers, and marketing the platform via the innovative Proof of Marketing model. New REDC tokens are generated as the platforms operates, and the more drivers and customers are on the platform, the less the number of tokens generated to support the price of the token.

  • Organization

    RedCab LLC

  • Platform

    Ethereum

  • Coin type

    Utility Token

  • Category

    Transportation

  • Soft cap

    2,143 ETH

  • Max cap

    24,529 ETH

  • Max supply

    100,000,000 REDC

  • Price

    0.00042863 ETH

RedCab Token Sale Stages

  • Stage
  • Start date
  • End date
  • Amount of Tokens
  • Price
  • Discount
    • Pre-Sale
    • 01 June, 2019
    • 21 June, 2019
    • 15,000,000 REDC
    • 0.00037286
    • 15
    • Claim
    • Crowdsale
    • 22 June, 2019
    • 15 August, 2019
    • 40,000,000 REDC
    • 0.00042863
    • Claim

RedCab Distribution

RedCab Use of Proceeds

RedCab Team Members

  • Mohamed Mousa
    Mohamed Mousa Co-Founder & CEO
  • Walid ElGendy
    Walid ElGendy Co-Founder & CBO
  • Asser Yehia
    Asser Yehia Co-Founder & CTO
  • Mohamed Ameen
    Mohamed Ameen Co-Founder & Creative Director
  • Fadi Nashed
    Fadi Nashed Founder & COO
  • Anna Basters
    Anna Basters Community Manager

RedCab Advisors

  • Stefan Bergström
    Stefan Bergström Business Strategic Advisor
  • Danny J. Christ
    Danny J. Christ ICO Advisor
  • Daniil Morozov
    Daniil Morozov Advisor
  • Salma ElHariry
    Salma ElHariry Founder & CEO - SkaleUP Ventures

RedCab Past Events

  • 31 March, 2019

    The business Idea came, and we started the business research.

  • 30 June, 2019

    Mobile App development started – first trial and error.

  • 30 September, 2019

    Market research and business iteration.

  • 31 December, 2019

    Mobile app MVP launch. Go live on Google Play with both driver and rider clients.

  • 31 March, 2019

    Go live on iTunes App Store with both clients and operations commencing in one Coastal City.

  • 30 June, 2019

    Company legal setup. First website launched www.red-cab.co.

  • 30 September, 2019

    Raised First Round of Investment.

  • 31 December, 2019

    Operations expansions to 2 coastal cities Partnership with Sierra Global Solutions.

  • 31 March, 2019

    Launch and redesign new Website www.redcab.co. Creation of brand identity.

  • 30 June, 2019

    Soft Launch & Community Building. Partnership with Vestedsummit.com & SkaleUP Ventures. www.redcab.io acquisition

  • 30 September, 2019

    REDC Token creation and ICO launch Partnership with BitPeaks.com.

  • 31 December, 2019

    End of Token Sale and token distribution to contributors. Massive Email Campaign, Social Media & Digital PR to introduce RedCab to the world. Partnership with doPAY payment processor.

  • 31 March, 2019

    Listing of REDC token in 2 of Top 10 Crypto Exchanges. Listing on CoinmarketCap.com. Start developing RedCab Dapp with wallet integration. Invest in Infrastructure.

  • 30 June, 2019

    Expansion of on-ground operations in selected cities in EMEA and LATAM regions. Partnership with an Airline (Name to be be confirmed).

  • 30 September, 2019

    Proof of Driving and Proof of Marketing product development. Expand our Travel Service Partners, hotels, and restaurants. Listing of REDC Tokens in 1 Top 5 Crypto Exchanges.

  • 31 December, 2019

    Release of iOS and Android release 2.0 with wallet integration and Cabbi smart bot introduction. Expand Offices in Europe & Asia Markets.

  • 31 March, 2019

    Phase 2 of Massive marketing campaign. Raise round 2 of investment. Listing of REDC Tokens in two Top 5 Crypto exchanges.

  • 30 June, 2019

    RedCab Platform development. Data mining and Geo-Ads introduction. Introduce Proof-of-Driving and Proof-Of-Marketing. Release of dAPP. Decentralized Escrow Exchange for REDC Tokens to trade fiat currency in exchange of REDC.

  • 30 September, 2019

    Partnership with sports, celebrities, and public figures for Marketing and exposure.

  • 31 December, 2019

    Expand on-ground operations to North America.

  • 31 March, 2019

    Listing on all Top 5 Crypto exchanges.