Ridecoin | ICO is currently in the Test the Waters Phase for Title IV investments.

Ridecoin | ICO

Ridesharing on the Blockchain

Large OPO
Los Angeles, CA
Transportation
Accepting International Investment
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A Disruptive Rideshare Marketplace Driven by the Blockchain

Ridecoin cuts out the middleman 

• Passengers Pay Less

• Users Own the Data

• Drivers Work for Themselves

• Built-in Incentives for all Stakeholders

Ridecoin is proud to present the world's first truly decentralized ridesharing network. Blockchain technology enables a radical new form of business that works for the public, where the incentives of all participants are aligned to deliver the best outcomes for everyone. 


Read the whitepaper to fully understand this innovative technology!

Reserve your right to invest in the future of ridesharing when the Ridecoin initial coin offering launches after SEC qualification

Uber and Lyft: $80B




Current rideshare services, such as Uber and Lyft, require all drivers and riders to transact through a middleman. This middleman sets prices, collects a margin, and owns all data for every user. When the middleman gets hacked, everyone's data is stolen. Meanwhile, drivers are compensated as independent contractors but are treated like employees, with no autonomy. It's time for something better.

Take a Ride on the Blockchain

Ridecoin turns this model on its head by extracting the middleman and replacing him with the blockchain. With Ridecoin, drivers and passengers control the transactions, own the data, and transact securely through a peer-to-peer network. Without a middleman taking a profit, Ridecoin passengers pay less, while having more customization and control. Meanwhile, drivers no longer have to chase bonuses or answer to their corporate overlords. Drivers are finally their own bosses who can use their local knowledge to their advantage.


The Fair Ride Company is a public benefit corporation founded to help the Ridecoin protocol flourish. Fair Ride will:

  • Create the Ridecoin protocol
  • Build the mobile application
  • Perform background checks and insure drivers
  • Exchange Ridecoin Tokens for Fiat
  • Never directly profit from Ridecoin transactions

Fair Ride is an open-source, open-algorithm, open-data company who's only mission is to help Ridecoin grow. 



Innovative Dual Token Design

Cryptocurrency projects rely on two main groups for their success: investors who contribute capital, and users who bring utility through transactions. Rather than try to satisfy both of these groups with one token, Ridecoin splits functions for each group into two separate coins: Ridecoin Tokens and Certificates. This division of function allows each coin to maximize its usefulness.

The Ridecoin Certificate is considered a security which will be qualified by the United States Securities and Exchange Commission (SEC). Scarcity of Certificates protect their value over time. Certificates are designed with investors in mind:

  • Certificates can never be lost, stolen, or hacked
  • No public investment will be solicited until after SEC qualification
  • Certificate holders have voting rights to govern network growth
  • Certificate holders are paid weekly dividends in Ridecoin Tokens

Ridecoin Tokens are transactional, designed for day-to-day users. With an unlimited supply and excessive inflation, Ridecoin Tokens will not increase in value over time and are not investments. Instead, Ridecoin Tokens are designed only to be used in transactions:

  • Ridecoin Tokens are liquid and available quickly and easily
  • Will be used to post transactions to the blockchain
  • Can be converted to Certificates to establish value
  • Token inflation will be distributed to stakeholders as incentives



Token Incentives Drive Participation




Ridecoin Token inflation is designed to drive growth to key stakeholders. To be a truly disruptive technology, Ridecoin can't afford to be just "a little" better than Uber & Lyft. With incentives built into the blockchain, Ridecoin delivers unprecedented opportunity to the transportation industry:

  • Riders and Drivers get free tokens to join
  • Loyalty rewards cement a long-term relationship
  • Investors earn regular token dividends for cash or free rides
  • Businesses earn tokens to develop and grow Ridecoin




While rideshare is the first killer app for Ridecoin, the protocol is designed to support any type of transportation transaction. In the long-term, Ridecoin will host many transportation service companies, each providing services that utilize the Ridecoin blockchain and Tokens. Rather than invest the time and capital necessary to build their own blockchain, transportation service companies can petition Certificate holders for Ridecoin grants to join the network. This monetary incentive will attract outside development in such services as:

  • Autonomous Vehicles
  • Cargo Transportation
  • Long-Haul Ridesharing
  • Public Transportation
  • And more!

Building a rideshare network with no middleman is a significant undertaking. Before we ask for your investment we intend to prove that we can deliver on the goals outlined in the whitepaper. We are currently raising private, seed funding to accomplish our primary objectives. 

What it Takes to Remove the Middleman




With private funding in place, the Ridecoin team intends to accomplish objectives in five key areas. Each will have its own set of deliverables, offered here to help us build credibility with the community. We're excited to share Ridecoin with you, and our progress in each area will be publicly shared along the way. We're excited to hit these milestones and prove that Ridecoin will be the best ridesharing option on the market.


NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CANBE RECEIVED UNTIL THE OFFERING STATEMENT FILED BY THE COMPANY WITH THE SEC HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION.


AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. 


THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,”“INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLYAS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Updates

Ridecoin Update #3: Tokenomics Paper Released

3 months ago

Ridecoin's tokenomics paper has been officially released! See the details that allow Ridecoin to operate with a security token and a utility token under one protocol. To dig into all the exciting details check out the new appendix in the whitepaper:

https://www.scribd.com/document/374970847/Ridecoin-Whitepaper

Thanks for your continued support! Please help to spread the word about this exciting project.

Ridecoin Update #2: Ridecoin Featured in ICO Insight

3 months ago

Jimmy Gorham stopped by ICOInvestor.tv studios to give an in-depth interview about Ridecoin. It was a great discussion which really dug into key details, and is a great source for more details about the project. Please check it out and spread the word!

https://www.icoinvestor.tv/info/ridecoin-1674/

Ridecoin Update #1: Whitepaper Released

4 months ago

Ridecoin's whitepaper has been officially released!

Give it a read and let us know what you think! We've made significant progress over the past few months, and the whitepaper reflects that. We've also fully revamped the Start Engine Ridecoin page with informative graphics and an animated explainer video. 

The Ridecoin site now has much more information, presented in varying modes of complexity. It's never been easier to understand what Ridecoin is and where it's going.

As always, please help us by spreading the word to any friends who might be interested. Thanks again, we couldn't succeed without you.