Modern ridesharing platform built on the Ethereum blockchain, SnagRide, connecting drivers and passengers with affordable, long-distance travel, recently announced the crypto-currency pre-sale (the 'MILE token') will officially launch on January 10, 2018.
SnagRide is America's first long-distance ridesharing community combining artificial intelligence with blockchain technology through Smart Contracts. "We've revolutionized the concept of ridesharing by introducing a platform that builds atop blockchain, equipped with a level of encryption, protection, and efficiency unavailable in any other type of ridesharing application within the U.S. right now," said Terry Chan, Founder, and CEO of SnagRide. As America's first long-distance ridesharing community that draws on AI and blockchain technology through Smart Contracts, SnagRide is poised to be a disruptive and unique platform.
Smart contract technology enables the new platform to securely manage the lifecycle between drivers and passengers that are willing to travel together between cities. SnagRide's AI bot uses data analytics from Ethereum smart contracts to match drivers and passengers who are willing to travel together. SnagRide's AI technology matches drivers and riders based on their demonstrated habits and preferences from prior SnagRide journeys.
SnagRide Token Sale
SnagRide has announced the launch of its SnagRide (MILE) token sale. The Pre-Sale phase of the crowdsale is scheduled to happen over a span of four weeks, starting on January 10th 2018 9:00am PST. The sale will run until March 14th 2018 11:59pm PST. The presale will be followed by SnagRide's official crowdsale campaign.
The participants in SnagRide presale can purchase MILE tokens with BTC, ETH and LTC payments. The platform offers an attractive bonus to early investors. Those who participate during the first week of the Pre-Sale stand to receive a 40% bonus. The bonus percentage will reduce by 10% each week, leading to 30%, 20% and 10% during the second, third and fourth weeks respectively.
Pre-Sale (January 10th, 2018) Week One Bonus: 40%
Pre-Sale: (January 17th, 2018) Week Two Bonus: 30%
Pre-Sale: (January 24th, 2018) Week Three Bonus: 20%
Pre-Sale: (January 31st, 2018) Week Four Bonus: 10%
SnagRide has set a maximum cap of 100 million MILE tokens, of which 84% will be distributed to the public, 15% will be retained by the team, and 1% will be allocated for bounties. All unsold tokens after the completion of crowdsale will be burned.
SnagRide whitepaper available here.
Edited by G. Davila