GoCabs

The Problem GoCabs Solves

Ride-hailing platforms claim to offer financial inclusion and flexibility, but drivers face a starkly different reality:
1) After 10–12 hour shifts, platform commissions (20%-30%) and fuel expenses leave many drivers earning less than minimum wage.
2) Surge pricing misleads both riders and drivers — riders pay more, while opaque algorithms control driver payouts.

These issues have triggered widespread dissatisfaction. In Southeast Asia, Europe, the US, and Latin America, thousands of drivers have organized protests and strikes, calling for better pay, transparency, and ownership. A growing demand for ethical, sustainable alternatives presents a significant market opportunity.

In the meantime, fuel-based vehicles are contributing to urban air pollution, global warming, and climate disasters. International organizations and governments are actively pushing for EV adoption.

GoCabs Solution

GoCabs reimagines ride-hailing with a decentralized, sustainable, and transparent model:

1. Fixed 5% Service Fees Only, No Other Hidden Fees
   Traditional platforms charge drivers 20–30% per ride. Despite global protests demanding fair pay, little has changed due to legacy system’s high operational cost.. GoCabs charges flat 5% service fees and no registration or hidden fees — empowering drivers and enabling rapid migration to our platform.

2. Fair Pricing via Bids + P2P Payments
   GoCabs uses AI to suggest flat fares. When demand is high, users can send fare bids to nearby drivers. Payments are made peer-to-peer via scan-to-pay in fiat or crypto currency, ensuring full transparency and control.

3. Green Ride Rewards
   EV drivers earn carbon points, redeemable for ecosystem benefits like charging and parking discounts, or converted into GoCabs tokens — encouraging a shift to sustainable transport.

4. Community-Owned EV Fleets
   Anyone can invest in tokenized or NFT-based fractional ownership of Electronic Vehicles / Autonomous Vehicles. Drivers rent these crowd-funded  vehicles, and revenue is shared with investors. This reduces entry barriers and scales the network without heavy upfront costs.

The Impact

With GoCabs’ fair 5% fee structure, millions of drivers worldwide can finally take home 95% of their hard-earned income — compared to 70% under existing platforms. This shift directly improves livelihoods, strengthens families, and builds long-term economic resilience for local communities.

At the same time, GoCabs actively supports the transition to sustainable mobility. Through our Green Ride Rewards, EV drivers earn carbon points redeemable for ecosystem benefits, reducing emissions while accelerating EV adoption.

Finally, with community-owned EV fleets, GoCabs enables drivers and local supporters to co-invest in tokenized vehicles, creating a shared sense of ownership and profit distribution. This model decentralizes mobility infrastructure, ensuring that value flows back to the community — not centralized corporations.

GoCabs APPs
GoCabs is a user-owned ride-share platform. The platform comprises a driver app and a rider app. Our main goal is to deliver simple and elegant products that make blockchain and Web3 invisible, providing a super user-friendly ride-share experience for both crypto and non-crypto users.

Driver App Target Users

1. Existing ride-hailing platform drivers

2. Aspiring ride-hailing platform drivers

3. Eco-conscious consumers

Core Driver App Features

1. Drivers can accept or reject ride requests.

2. Drivers can send counter-offers on ride pricing (fare bidding).

3. Drivers can communicate with riders via phone calls and live chats.

4. EV drivers earn carbon points, redeemable for mobility ecosystem benefits (e.g., EV charging and parking). Carbon points can also be converted into GoCabs’ native token after our TGE (Token Generation Event).

5. Drivers can create an interoperable decentralized ID owned by themselves. The ID carries their digital reputation and assets, accessible to GoCabs partners on a user-permission basis.

6. Drivers can withdraw crypto income directly into local currency with a single click in-app.

Rider App Target Users

1. Everyday people who need rides for work and daily life

2. Web3 users who regularly attend crypto events

3. Digital nomads who travel globally and embrace novel technologies

4. Eco-conscious consumers

Core Rider App Features 

1. Riders can request rides and be picked up by drivers at their desired location.

2. Riders can provide counter-offers on ride pricing (fare bidding).

3. Riders can pay with fiat or cryptocurrency (GoCabs’ native token, partner tokens, or stablecoins) by selecting a payment method in-app or via scan-to-pay.

4. EV riders can view the amount of carbon emissions they saved at the end of each trip, and share it on social media.

5. Riders can create an interoperable decentralized ID owned by themselves. The ID carries digital assets (loyalty points, rewards, etc.) and reputation (e.g., crypto donation records), and can be used to verify and redeem ecosystem benefits.

Potential U2U Network Integration

1. Tokens & Payments:

   • Issue the native $GO token on U2U for governance, rewards, and payments.

   • Use U2U for gas fees, ensuring low-cost transactions.

   • Smart contracts automate P2P payments: instantly distributing 95% of the fare to drivers and 5% to GoCabs, ensuring full transparency.

2. Fractional EV Ownership:

   • Represent each vehicle as an NFT on U2U.

   • Fractional ownership is enabled via U2RC-20 tokens.

   • Automated revenue-sharing smart contracts distribute rental profits directly to token holders.

3. Green Rewards & Identity:

   • Mint Carbon Points as verifiable tokens on-chain for EV trips, redeemable for perks or $GO.

   • Build Decentralized Identity (DID) using U2U as a secure anchor for driver reputations and rider profiles, owned by the user.

4. User Experience:

   • Embed a non-custodial wallet within the GoCabs app, abstracting away blockchain complexity.

   • Leverage U2U's ecosystem for single-click, in-app fiat conversions for driver earnings.