Singapore – May 31, 2018 – Good news for drivers planning to sign up with a ride sharing program. For the FIRST time ever, a new revolutionary ride-share platform is offering Pension Program for drivers to ensure secured future for them in old age. Named as “iRide.io”, the company represents the world’s first ride-sharing application built on Ethereum blockchain platform.
iRide.io will be initially launched in Asia and then it will expand to North America.
“iRide.io will reward a total of 500,000,000/tokens for our drivers. This will be the first ride-shares to ever offered a pension program for our independent drivers,” said Steve Foo, the CEO of iRide.io.
The company has partnered with leading wealth management companies to develop pension plans for drivers in the form of “Individual Retirement Accounts”. These accounts will have additional facilities such as zero minimum account balance, direct deposit into driver wallet etc. that will be exclusively available to iRide drivers. Moreover, iRide drivers can easily schedule a deposit of fixed percentage of their earnings each month into their iRide Wallet accounts.
What separates iRide.io from other ride-sharing platforms is its state of the art smart contracts-based infrastructure. The blockchain portal is powered by smart contracts that connect riders and drivers without the middleman. This way, iRide drivers are relieved from paying hefty commissions that we usually see with other regular ride sharing companies. And as drivers will get to save their earnings, they will happily pass on the savings to riders which will consequently help the latter with low cost rides.
“While other ride sharing companies like Uber, Lyft, Grab, DiDi, GoJek, EasyTaxi and etc… charge 25-30% commissions, our iRide drivers will only have to pay a nominal 5% and that will even reduce to 2% from fourth year. Our drivers will get to keep the lion’s share of their earnings since there is no middleman here and our riders will also benefit from extremely economical rides. Put simply, iRide assures more earnings for drivers and lesser ride costs for riders compared to all other ride sharing companies around.”
iRide allows its drivers to accept multiple forms of payment, including credit card, fiat currency and iRide token. 1 iRide= $0.05/USD @ the current moment.
iRide.io stands out in the market with its decentralized platform that offers several benefits over the centralized system adopted by other ride sharing companies –
- Fair and transparent blockchain platform where all the rules & regulations are coded by smart contracts and can be reviewed easily by all members of the platform
- Drivers will be able to decide fares based on supply and demand without interference of an intermediary
- No middleman will equate to LOW commission for drivers and COST-EFFECTIVE rides for riders
- Thanks to smart contracts, the operational costs of the decentralized organization will be minimum
“Our token speaks of great benefits for both drivers and riders. We are confident of an increased usage of our token which will consequently enhance its value in near future. Increased value will translate to enhanced profits for iRide.io and we will happily distribute the profits among the entire community. So, you have a win-win situation here.”
For more information, please visit http://iride.io
Media Contact
Company Name: IRide.io Tech, PTE., LTD.
Contact Person: Steven Foo
Email: Send Email
Country: Singapore
Website: www.iride.io
