DRIFE Partners with CoinList for Decentralized Ride-Hailing Testnet

Monday, December 2, 2024 12:00 AM
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DRIFE, a decentralized ride-hailing application operating on the Sui Blockchain, has announced a significant collaboration with CoinList, a platform known for token launches. This partnership aims to introduce the incentivized testnet for DRIFE’s Share2Earn location data campaign. Users participating in this initiative will have the opportunity to earn digital tokens by sharing their location data while commuting through the DRIFE app. The reward system is designed to be dynamic, tracking contributions based on leaderboard standings, thus fostering community engagement and participation in the development of the platform.

The collaboration between DRIFE and CoinList is a strategic move to test the Share2Earn campaign before its public rollout. This initiative not only emphasizes the importance of decentralization and community involvement but also highlights DRIFE’s commitment to transparency and user empowerment. By allowing users to earn rewards while contributing to the platform’s development, DRIFE aims to enhance location-based services and improve overall service quality through community feedback.

Firdosh Sheikh, the Founder and CEO of DRIFE, expressed that this collaboration validates their vision for a decentralized ride-hailing ecosystem, empowering the community to shape the future of transportation. The reward tokens, which will be available on the SUI chain, will be claimable post-token generation event (TGE) with a structured unlock period. However, participation is restricted for individuals from certain jurisdictions, including the UAE, Pakistan, Russia, China, and the US, due to regulatory compliance requirements. DRIFE’s goal is to disrupt traditional business models by eliminating corporate intermediaries and empowering drivers, riders, and community developers through blockchain technology.

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