RideX Token is a Community-based Taxi Booking app built on Smart chain which allows drivers to bid on various nearby ride requests with an optimal amount within the RideX recommended price range. Users can make payments with tokens which in turn gets swapped into tokens. RideX Token is focused on giving back their old fashioned independent taxi service along with the touch of the latest technology.

1. Most of the Taxi drivers (Ola, Uber) prefer cash as the mode of payment.
2. Almost 50% of payments for Taxis are paid via cash which is preferred by Taxi drivers.
3. The other 50% of payments for Taxis are paid via pre/postpaid wallets which are preferred by Customer due to attractive offers.
4. More than 40% of Taxi drivers have moved out of Ola and Uber since the past 12 months.
5. The growth rate of rides has reduced by 70%
6. The cost of rides has increased by 25% in the past two years.

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