Cryptocurrency Ride Hailing App Script-Crypto Soft India

What is a Cryptocurrency powered Ride hailing app script?

Ride sharing or ride hailing a cryptocurrency poweredpps are an easy way for consumers to book a cab immediately at their convenience. A Cryptocurrency powered ride-sharing app script makes it easier to offer cryptocurrency as a mode of payment. Using this ready-made full featured script, you can start a whitelabeled on-demand taxi hailing service in any country, within a short span of time.

How the cryptocurrency does powered ride hailing app script work?

The cryptocurrency powered ride hailing app script has a driver partner app and a user app for the customers.

Once a user requests to book a ride using the user app, the request is sent to the taxi partners within the user's nearby radius. The driver will have the option to Accept or reject the trip. If the driver chooses to accept the trip, he/she will see the user's pickup location.

After reaching the customer's location, they can notify the user that they have reached the location and waiting for them.

The User board the cab and the driver marks them as boarded on the cryptocurrency powered ride hailing app (iOS or Android) and the trip starts

Once the trip completes, the fare is calculated based on the distance travelled, base fee and tax parameters. The final fare is displayed on the customer and the driver app

The fare displayed is in cryptocurrency and they can pay for the ride using the cryptocurrency wallet.

How does the payment flow work on the ride hailing app script?

For each ride taken, the user would have to pay the driver using Tron cryptocurrency. For example, If the user wants to add $100 worth of Tron tokens to take a ride, he would purchase the Tron cryptocurrency (TRX) using the already integrated Braintree payment gateway and the TRX tokens matching the price paid would be transferred to the user's wallet from the administrator's. The user can then use it to pay for his trip once completed.

What are the features of the Cryptocurrency powered ride hailing app?

Ride now or Ride later: On the ride-hailing user app, they can book a ride, right now or choose to schedule a ride at a future date and time. In the case of scheduled rides, the system starts searching for a driver an hour ahead of the schedule, if they accept they user is notified of it.

Google map Integration: Google map is well integrated in all the apps, the driver and the user can both see the route details on the app as they take the ride.

In-app notifications and Push notifications: Even if the app is not opened, the new ride request notifications can be seen by the driver and any type of cryptocurrency poweredp statuses can be seen by the user. So they don't miss out on any important notification.

Accept / Reject: Drivers can accept of reject the new ride request on the app easily, they get a visual as well as an alert sound when a new request comes in.

Away Mode: If the drivers are not available to take new requests, they can activate the Away mode. They won't be shown as active and they won't receive new requests till they turn it off.

Call Rider: Once a trip is booked, the drivers can call the rider if has any questions. Requires a Twillio account.

Chat with rider: Driver also have the option of chatting with the riders instead of calling.

Animated Splash screen: A quirky, default animated splash screen with a moving car animation is available on the user app (android and iOS apps.)

Trip History: The user and the driver can both see the trips they have taken in the past to review it.

Detailed Ride History: The cryptocurrency powered ride hailing app script has a detailed ride history receipt to show the pickup point, destination, distance, driver name, vehicle name and fare breakdown.

Fare breakdown: For trips completed, the user and the driver get the fare breakdown for the trip that was just completed. In an understandable format.

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Cryptocurrency Contract futures Highlights-crypto soft india

Long-Short Contracts:

A Well written research backed ICO White Paper that clearly outlines the coin's business plan and it's projected growth for the potential investors to see.Your investors will be able to Buy( Long ) or Sell( Short ) Cryptocurrency Futures Contract, based on a pre-defined future date at a specific price. They profit speculating the cryptocurrencies price movement.

Minimum Contract size:

Secure Admin Panel to set the minimum number of assets that should be bought in 1 slot/ contract. Based on the Cryptocurrency used, you can set the minimal number. Ex: 7 Bitcoins in one contract.

"Good faith deposit" percentage:

Also you can set the minimum down-payment %age the trader is required to deposit in the account for each contract. This initial margin is called the "Good faith deposit". Ex: 10% of the Bitcoin Future Contact value.

Minimum Price movement "Tick":

Provision to configure the Minimum Price movement of the trading instrument. Whenever the cryptocurrency price Tick’s, the trader gain’s / loses on his Futures contract.

Ex: You can set the Tick as $10 of Ether real-time price.

Leverage:

Real-time systems to indicate and calculate the futures contract’s that are highly leveraged. Helps you monitor indexes and also set notifications on critical threshold points when reached.

Auto Credit / Debit settlements:

Provisions to configure automatic settlements at the end of each trading day. Payment gateways will be setup that allows auto credit or debit of funds in-from traders’ accounts everyday.

Auto maintenance margin call:

Systems monitor in realtime the accounts that go below the maintenance margin. Will configure dynamic IVR’s for calls/ SMS to trigger margin calls on behalf of the broker ie. You. Systems can also be set to auto-deposit sufficient funds using Payment gateways.

Price fluctuation limits:

Provision to mitigate risk with Cryptocurrency Price volatility. Via. The secure Admin Dashboard you can configure 3 limits. You can also set the monitoring period and halt period for each limit. Trading will not happen beyond the top limit set.

Ex: 9%, 15%, 22%

Any Cryptocurrency:

Any cryptocurrency of your choice can be set as the base asset powering your Futures contract market. It can be also created your own coin/ token.

Ex: Bitcoin Futures contract marketplace, Ether Futures contract platform, TRX Futures Contract market.

Risk-Free EOD Settlements:

The high volatility of the cryptocurrency market can bring you huge daily profits. The market has equal number of Short & Long speculators. As a marketplace, you make money either ways. When Bitcoin and Cryptocurrency raise or fall.

A well-planned Marketing strategy has the power to make your coin stand out from the rest in the crowded crypto space and garner investments.

With the automated debit-credit structure in place, trader accounts get debited or credited automatically based on market volatility.

How do you make money?

There are many ways you can make huge revenue running a Cryptocurrency / Bitcoin Futures contact platform.By default the system can be set so traders trade against each other and not against the exchange, so its totally risk free for the exchange owner. Some other interesting revenue channels are:

• Your Cryptocurrency Futures Contract marketplace can make money by offering god leverage and charge a flat %age fee on the notional value of each trade

• A fee for each transaction.

• Listing fee from relatively upcoming crypto’s and many more.

How does Cryptocurrency Futures Contract work?

For those who don’t understand the concept of Cryptocurrency / Bitcoin Futures Contract, let’s start from the basics.

What is a Futures contract?

Simply put, it is an agreement or contract to sell or buy an asset on a date or time in the future - at a specific price.

Once you enter into a futures contract, you are obliged to Buy or Sell the asset at the price you agreed for (when the contract is executed at the agreed date/ time in the future). Even if the price of the asset is different during the execution date.

For example, the asset you are trading is Gold. You buy a Futures contract that holds 100 units of gold at current market price (Each unit is $10 at present in the market). So your contract is worth $1000. Say in 5 months the contract expires. Per unit of gold then is $15. Your profit is $500. On the flip side, say the price has reduced to $7. Your loss is $300 (which you need to pay to the exchange)

As a trader you can take two positions in a Futures contract: Long or Short.

If you take a Long position: You are buying the asset at a specific price you believe in, in a future date that the contract expires in.

If you take a Short position: You are selling the asset at the specific price you believe in, in a future date the contact expires in.

A common practise is to take a long position when the asset is at the record low price. Or short it when the asset is in an all-time high. Both involve risk though based on market volatility.

What are Cryptocurrency / Bitcoin Futures Contract?

Similar to the regular Futures, your marketplace can allow traders to speculate on the price of Bitcoins and other cryptocurrency. Your investors don’t need to own any Bitcoins or crypto, but can just buy contracts and place a bet on the price.

The system automatically plays the gainers in the marketplace by debited money from the losers accounts. You are left with hefty profit margins.

Thanks for reading our Content. To know more about our Services, kindly Visit our Website:

Crypto Soft India

1/124, DLF IT Park Rd, Ramapuram, Chennai,

Tamil Nadu 600116

https://www.cryptosoftindia.com/

cryptosoftindia@gmail.com

+91 6385108373