RideCoin — a company formed by former Uber and Lyft engineers — is planning a $250 million ICO in October 2017. Insiders disclosed that already $20-$30 million tokens are spoken for by prominent investors — including some previously involved with the current market leaders.
Drivers will need to show clean driving records and have driven for one of the existing car services for 18 months. Each RideCoin driver will receive a “device with several functions supporting our own blockchain”.
According to a spokesperson, the model of the blockchain-powered ride-sharing platform will combine several aspects of the existing models but the company will eventually entirely owned by the actual drivers.
