BitCab A Superior Ridesharing Ecosystem And Gamified Model
BitCab is a ridesharing enterprise that will employ the power of blockchain technology to build a platform for users to connect, socialize, and give ridesharing services.
The blockchain platform promotes itself as an Uber 2.0 that will interject an ecosystem with its very own ridesharing token. The ridesharing functionality, BitCab, wants to increase the networking within the supply and demand sides of the taxi industry. Consequently, this will generate a self-funding growth device and a decentralized ecosystem for all its users with the BitCab (CAB) tokens.
The Bitcab Ecosystem comprises of Token Holders, Champions, Online approvers, Offline approvers, Sages, Arbiters, Developers, and Lenders.
Token holders will provide the capital requires to create the BitCab ecosystem by either holding or trading the BitCab token (CAB) rewards they get.
Champions category involves drivers or riders who get rewarded for supporting in building the ecosystem. Their activities will comprise of referrals or other incentive models to develop the platform to gain reputation.
Online approvers help recognize the profiles of new BitCab drivers by examining the uploaded details or any other profiles platforms.
Offline approvers verify the fitness of the drivers and their cars through their features and get rewarded concerning CAB tokens.
Sages assist in solving user queries or other platform participants.
Arbiters serve as an arbitration system to resolve any Driver-Rider conflicts that occur within the ecosystem.
Developers are crucial to building and developing the BitCab ecosystem.
Lenders give peer-to-peer credits to drivers who need to update or fix their cars.
All ecosystem participants are also voters on important growth decisions for the future of the ecosystem. With voting power equivalent to LT tokens, the voter contains users who can practice various roles in the ecosystem.
For instance, a driver who also utilizes the service as a Rider when going to a pub on the weekend and prefers BitCab to his associates as a champion to create an additional income stream. Or a token holder who, containing a large amount of CAB and LT, operates a node as a Witness and applies his CAB and LT holdings to get spread as a market maker and lend CAB to borrowers.
The lack of consumer loyalty in the taxi industry is a cumbersome challenge for most ridesharing startups. Getting consumers to adhere to one range of cabs is proving a problem. Nevertheless, BitCab has discovered a way to become different for not only the easy ride applications but also the ridesharing blockchain platforms.
BitCab intends to stand out and reduce competition from the taxi industry through a combination of Token incentives, Social incentives, and The gamified experience.
BitCab offers Loyalty tokens (LT) to incentivize the performance of the platform’s participants.
Participants inventing new riders, drivers, or other users will get paid with created tokens for their valuable contributions to stimulate referrals.
The platform allows for the gamification of both driver and rider experiences to enable real-time monetary rewards.
BitCab has more powerful network effects and loyalty features, all facilitated by a superior platform ecosystem, gamification, and tokenized technological model.