BitCab economics is built around CAB token. All transactions on BitCab blockchain will ultimately be settled in CAB (although for fast adoption Riders and Drivers will be able to choose to pay and be paid in fiat currencies on the front end - but with transactions still settled in CAB at market rates on the back end). This will create real demand for CAB token tied to volume of transactions in the ecosystem. Essentially, all CAB tokens, existing and future, are hence by definition backed by the present value of all future transactions (mostly car rides) on BitCab ecosystem. Like any other currency, CAB can be used to buy and sell goods and services even beyond the BitCab ecosystem. In case of BitCab success, there will be good reasons for wider application of CAB, such as millions (and billions) of users of the currency and it being backed by real value of mobility services it can be redeemed for unlike vast majority of both crypto and fiat currencies.
Dear ALL, We are very pleased to announce that the presale of CAB tokens is now open! You can help us bring to life the vision of community-driven mobility on blockchain free of centralized profit-seeking platforms by participating in the presale here: https://preico.bitcab.io/
https://www.wsj.com/articles/a-chip-in-the-windshield-chinas-surveillance-state-will-soon-track-cars-1528882203? This is why a decentralized blockchain-based mobility infrastructure is crucial to secure freedom of movement
Uber has a 99% chance of going bankrupt within ten years
Veteran investor, Magellan Financial Group chief executive Hamish Douglass: «Uber is high-cost, owner-driver model as almost “valueless”» http://www.news.com.au/finance/business/travel/uber-ponzi-scheme-will-collapse/news-story/505149de242b80a521770d45a0e57bd8
Syscoin 3.0 has successfully launched today. We took a snapshot of balances, offers, and aliases on the Syscoin 2.x blockchain at block 683412. We then migrated this snapshot to the 3.0 blockchain and started the new chain. All services are available for use immediately
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