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Drife Closes $2.7Mm In Venture Token Funding, 30X Oversubscribed &Amp; Plans Ido &Amp; Uniswap Listing On Aug. 6Th

Jul 20, 2021•about 4 years ago

Amount Raised

$2.7 Trillion

Los Angeles

Description

Drife today announced that it had closed its Seed & Private Token Sale of $2.7 mm and that it would perform its Initial Dex Offering / Public Sale on August 6th on PAID's Apollo-X IDO platform and Initial Exchange Offering on a soon-to-be-announced Tier 1 Cryptocurrency Exchange. The private sale of $2.7 mm was oversubscribed by approximately $90mm (30x oversubscribed). The round was led by Master Ventures, GD10, AU21 Capital, Titans Ventures and FBG Capital. It also announced the addition of key strategic advisors including Orion Depp & Kyle Chasse of Master Ventures.

Company Information

Company

Drife.

Location

Los Angeles, California, United States

About

Drife is a ride-hailing application and peer-to-peer ridesharing network that uses blockchain-based smart contracts to provide ridesharing data and payment transparency to both drivers and riders alike. Drife removes the issue of centralization and constant price fluctuation as seen in Uber & Lyft by allowing Drivers to keep the vast majority of their fares. DRF's token utility is driven by bid-staking by franchisees and loyalty rewards and discounts for end-users. India-based Drife plans also plans to roll out its service in Asia & Europe later this year. Drife's partners and investors include Master Ventures, GD10 Ventures, AU21 Capital, Titans Ventures, FBG Capital, AE Ventures, Aeternity Blockchain, TDeFi, 1ex, Starfleet, BMW Capital, ChinaPolka, AVStar Capital, 18Ventures, Vitality, Space Capital, BTA Ventures, Sheesha Finance & Squares Capital. Its Team, Whitepaper, Tokenomics and other info can be found at www.drife.ioDrife Telegram CommunityDrife Twitter Contact:Orion Deppwww.drife.io[email protected] SOURCE Drife