IDEX, the only Ethereum-based, fully decentralized crypto exchange with real-time trading and high transaction throughput has announced the listing of RedCab LLC’s REDC token.
RedCab, a decentralized peer-to-peer transportation solution entirely powered by blockchain technology, announced the listing this week with the Panama-based exchange.
IDEX is recognized as the most advanced Ethereum DEX in the industry, supporting limit and market orders, gas-free cancels and also the ability to fill many trades at once.
Consisting of a smart contract, trading engine and a transaction processing arbiter, the smart contract is charged with storing all assets and also with executing trade settlement, while all trades must be authorized by the users private key.
RedCab has ambitious plans to expand beyond its native Egypt into Bahrain, the KSA, as well as Asian and European markets.
At this stage, almost everyone has heard of, and possibly even tried out, some of the larger ride-hailing companies on the market, such as Uber, Lyft and Grab, but few actually know the way those companies go about running their business.
A 25 percent profit is made through each driver, which makes it difficult for those working for those companies to earn a respectable living.
With a 15 percent profit cut, RedCab provides drivers with a higher percentage of take-home pay, and have a distinct focus on community, providing users with an entirely different experience than those who use Uber.
One question on many readers minds is likely to be “Why RedCab?”
According to the company itself, “Many start-ups have been rising in the market recently to solve the transportation issue. Most of them are successful as a business, but none of them have succeeded without social collateral damage.
Despite the fact that
