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DRIFE

DRF

DRIFE is a blockchain-based mobility platform that offers decentralization to the ride-hailing ecosystem. In-review

Transportation

Available chain:

Binance Smart Chain

Token symbol:

DRF

Website: 

https://www.drife.io/

💵Tokenomics

Total supply: 3'250'000'000 DRF

Distribution: 

  • Token sale: 575'250'000 DRF (17.7%)
  • Team & Advisors: 468'000'000 DRF (14.4%)
  • Ecosystem & Rewards: 1'001'000'000 DRF (30.8%)
  • Research & Development: 243'750'000 DRF (7.5%)
  • Marketing & Operations: 312'000'000 DRF (9.6%)
  • Foundation: 650'000'000 DRF (20%)

Transaction tax: No

Deflationnnary: No

💲 Token

Available chain:

Binance Smart Chain

Total supply:

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Market capitalisation:

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Available DEX/ CEX :

    🚀Presale

    Start date (UTC time):

    August 6, 2021 10:00

    End date (UTC time):

    August 6, 2021

    Sale platform:

    ApolloX

    Sale round:

    Public presale

    Access link:

    https://apollox.paidnetwork.com/project/drife

    Whitelist requirements:

    Yes

    target raised amount:

    $150'000

    Presale swap rate:

    $0.012500

    Presale token valuation:

    $40'625'000

    Maximum spend per account:

    $750

    Sale vesting:

    20% at TGE + 2 month Linear unlocking

    Token vesting schedule:

    • Seed round - Lock period: 30 days - Vesting period: 12-month (linear)
    • Private round - Lock period: None - Vesting period: 9-month (linear)
    • Public round - Lock period: None - Vesting period: None
    • Advisor - Lock period: None  - Vesting period: 9-month (linear)
    • Team - Lock period: 6-month - Vesting period: 30-month (linear)
    • Ecosystem - Lock period: 1-month - Vesting period: 120-month (linear)
    • Research - Lock period: 12-month - Vesting period: 60-month (linear)
    • Marketing - Lock period: 12-month - Vesting period: 60-month (linear)
    • Foundation - Lock period: 12-month - Vesting period: 120-month (linear)

    Prior funding rounds:

    • Seed round - Price: $0.0025 - ROI at launch: 500% - Amount raised: $500'000
    • Private round - Price: $0.00625 - ROI at launch: 200% - Amount raised: $2'200'000

    Restricted countries:

    USA

    Presale review:

    • High token valuation at the public presale (Be aware of early dumps)
    • Seed and private rounds in large profit, with $2.2m raised at 2x ROI (vested funds)

    🔒 Security

    Security Smart Contract audit: ✔️ link

    Locked team tokens: ✔️

    Locked Liquidity at launch:✔️

    🚀Launch

    📊Hodlers

    😃 Executive Team

    Team doxxed: ✔️

    KYC performed:

    Firdosh Sheikh

    Co-founder and CEO

    Surya Ranjith

    Co-founder and COO

    Mudit Marda

    Co-founder and CTO

    💬 Community

    Telegram members: 40'467

    Botted Telegram: No

    Twitter followers: 62.8k

    % fake Twitter followers: 26.5%

    Website SEO: 84/100

    🤼Similar category

    Centralized competitors: 

    • Uber
    • Lyft
    • Ola
    • Grab

    🔜 Milestones

    Q1 2021 - Seed round

    Q2 2021 - Private sale | Pilot launch in Bangalore, India with 2'000 drivers

    Q3 2021 - Staking pool launch | Franchise applications open

    Q4 2021 - Platform Governance enabled | Franchise to start Operations and aid Governance

    🛩️Fundamentals

    Industry problems

    • Sky-rocketing commission leading to unsustainable driver income
    • Platform-dictated Pricing
    • Lack of transparency & freedom
    • Close Governance
    • No loyalty

    Project solutions

    • No platform commission
    • Incentivised participation
    • Open Governance

    Token Utility

    • Platform access
    • Staking
    • Governance

    Whitepaper

    👍 Review

    💬 ️What the community says


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