Share to Earn
Last updated
Last updated
The share to earn via the Data Collection initiative aims to empower drivers within the DRIFE ecosystem by incentivizing their participation in data collection activities. By leveraging GPS technology and vehicle data, drivers can earn tokens that reflect their contribution to the ecosystem.
Level 1: Location Data Sharing: Drivers start by sharing their location data through the DRIFE application while being online.
Level 2: GPS Device Installation: Drivers can opt to purchase or lease GPS devices from DRIFE to enhance data collection accuracy and coverage.
Level 3: Dash Cam Integration: Advanced participants can integrate dash cams into their vehicles, enabling the sharing of live map data in addition to GPS information.
Leasing GPS Devices: DRIFE leases GPS devices to drivers, enabling them to collect and share valuable data.
Token Acquisition: Drivers receive tokens based on the data generated by their GPS devices. Initially, drivers may need to pay for the tokens received to cover the lease cost.
Data Proceeds: The company retains 50% of the proceeds generated from selling the collected data.
Token Buyback: 45% of the data proceeds are allocated to buy back tokens from drivers if necessary, providing liquidity and stability to the token economy.
Token Distribution: Tokens are distributed from the company treasury based on the data sold and the current token market value.
Calculation Method: Token distribution is calculated based on the hours of data generated by a driver relative to the total hours generated by all drivers, multiplied by the value of data sold and divided by the current token market value.
Incentivized Participation: Drivers are incentivized to actively participate in data collection activities, contributing to the growth and development of the DRIFE ecosystem.
Earning Potential: By collecting and sharing data, drivers have the opportunity to earn tokens that can be used for various purposes within the ecosystem.
Smart Driver Initiative: The program promotes the evolution of drivers into smart drivers, leveraging technology to optimize their performance and earnings.
Community Engagement: The Share and Earn program fosters community engagement and collaboration among drivers, creating a network of empowered participants.
