Drife CryptoRainn AMA Summary. Topics spoken about: Franchise, Drife Council NFT, Subscriptions, Operations, DRF Token.

26 Dec 2022, 14:02

Drife CryptoRainn AMA Summary Topics spoken about: Franchise, Drife Council NFT, Subscriptions, Operations, DRF Token Franchise - Compliance and legal work for franchisee system is in process - Drife is working on expanding for franchises in the southern part of India and "very soon they will go live" - We are also looking internationally and working on local compliance. There is one country in particular where our team is currently working on international compliance. It is a crypto-friendly country - Firdosh's aim for first franchise is Q1 of 2023 - First franchise staking will take place for Bangalore Drife Council NFT - The Drife Council NFT is important for the DAO structure of Drife and will be important for vetting and approval of franchises. The sale took place before the actual DAO was rolled out because community input is needed in the building process to ensure that the DAO is built sufficiently, since it is a such a unique structure including real-world processes. - The Council is basically a decentralized board - There are other benefits of owning an NFT including receiving franchise set-up fees and others which can be viewed on the website - CryptoRainn has purchased an NFT Subscriptions & Funding - Subscription model is in process (daily subscription, monthly, etc) - As of now, we have enough funding to sustain operations and when subscriptions & franchises go live, we will have additional funding - We are also working on educating Drivers about the upcoming subscription process. So far we have not heard of any drivers who are planning to leave Drife due to a subscription Operations - Total downloads is 200k+ (both combined rider and rider app) - Drivers: 20k+ (we also recently started onboarding autos) - Riders: 175k - Crypto market crash has had minimal to no impact on us since we are a real-world operation. - Drife's cost of aquisition is 1/10th of other large ridehailing companies DRF Token - In process of bridging the token for trading on Polygon since the Drife ecosystem is on Polygon (no ETA as of yet) - We are looking at options to help with DRF liquidity as well as pontentially other DEXs - No ETA for additional CEXs at this time due to poor market conditions - Next 3-5 months will see a lot of implementation for use case of the token For full details, please watch the full AMA