Sep 6, 2024

The dynamic reward system tracks participants' contributions based on the Commute & Galxe leaderboard standings Press Release PHOTO Dubai UAE: DRIFE, a leading Web3 DePin (Decentralized Physical Infrastructure Provider) built on Sui Blockchain, operating a decentralized ride-hailing application in India and UAE, has announced a strategic collaboration with CoinList, the premiere token launch platform, to launch its incentivized testnet for DRIFE Share2Earn location data campaign on DRIFE app. Users who participate will earn tokens by sharing their location data on the DRIFE App as they commute. The dynamic reward system tracks participants' contributions based on the Commute & Galxe leaderboard standings. DRIFE and CoinList will work together to test DRIFE’s new Share2Earn campaign before it is rolled out to the general public. The collaboration reflects DRIFE’s involvement with its community as it develops innovative products and features, and is designed to attract a broader range of participants and test DRIFE’s network capabilities. Users can earn rewards through the Share2Earn program while contributing to the development and testing of the DRIFE platform. The collaboration also showcases the importance of decentralization, community engagement, and data sharing in the ride-hailing sector. It also highlights DRIFE’s commitment to transparency, user empowerment, and innovative monetization of data using blockchain technology. Participating in the DRIFE CoinList incentivized Testnet program will help enhance location-based services and improve service quality with community feedback and testing. This is especially significant, given that DRIFE is not just designed to enhance the ride hailing experience, but also to monetize vehicle data, which will unlock new services, experiences, and economic opportunities for users. Firdosh Sheikh, Founder and CEO of DRIFE states, “We are thrilled to team up with CoinList for this incentivized testnet program. This collaboration not only validates our vision for a decentralized ride-hailing ecosystem, but also empowers our community to play an active role in shaping the future of transportation.” Reward tokens are on the SUI chain and will be available for claim post TGE, with a weekly linear unlock over a 3-month period. About DRIFE DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering drivers, riders, and community developers. DRIFE plans to disrupt the existing business model and remove corporate intermediaries involved in transactions. Official Website: https://www.drife.io Send us your press releases to  pressrelease.zawya@lseg.com Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages. © ZAWYA 2024 ZAWYA NEWSLETTERS Get insights and exclusive content from the world of business and finance that you can trust, delivered to your inbox. Subscribe to our newsletters: