snagride-logo
Company: SnagRide
Industry: Transportation
Website: https://www.snagride.com/
Whitepaper https://www.snagride.com/SnagRide-Whitepaper.pdf
Headquarters: United States
Token: MILE
Platform: Ethereum
ICO Timeframe: 01/10/18 – 03/14/18 (PreSale & ICO)
Token Supply: 100,000,000 MILE (84% Crowdsale)
 Score:  59/100

 

SnagRide is America’s first long-distance ridesharing community that combines artificial intelligence with blockchain technology through Smart Contracts. This technology allows the SnagRide platform to easily and securely manage the lifecycle between drivers and passengers willing to travel together between cities and share the cost of the trip.  SnagRide, recognizes that there is a need for an affordable, secure and convenient long-distance ridesharing alternative in the U.S. that users can use to request door-to-door pick up and drop off all across the country at the tap of a button on their smartphones. Their goal will be to provide our users an easy and secure transportation alternative between major cities that does not involve cramped seats on a slow bus, unreliable and expensive regional passenger trains, or the interminable hassle of a plane ride.  SnagRide could be summed up as a long-distance Uber-like experience.

 

PROS:  Lack of long-distance ride sharing / carpooling offerings in the United States (novel idea), similar model Blablacar has experienced tremendous growth in Europe (profitable established business model).

 

CONS:  Deep discount offered at earlier rounds may create volatility in trading early-on, requires large amount of marketing spend to attract users (70% of budget), lack of advisory board, no identified blockchain programmer.

 

SCORE:  59/100