DRIFE, a decentralized physical infrastructure provider (DePIN) leveraging the Sui blockchain, has announced its collaboration with CoinList to launch an incentivized testnet for its Share2Earn location data initiative.
Web3 ride-hailing platform DRIFE has announced a partnership with crypto asset platform CoinList to launch an incentivized Share2Earn testnet for its location data initiative. This program will be integrated within the DRIFE ride-hailing application, rewarding users who share their location data while commuting. The partnership will target markets in India and the United Arab Emirates, testing the viability of the campaign before its official public release.
Participants in the Share2Earn initiative can earn digital tokens by actively contributing their location data through the DRIFE app. A dynamic reward mechanism will ensure that incentives are distributed based on commute activity and leaderboard performance within the DRIFE and Galxe ecosystems. This system is designed to attract diverse users, encouraging their involvement in both community-driven development and network capability testing.
By offering rewards, DRIFE not only facilitates platform testing but also underscores the value of community engagement in advancing blockchain applications. The initiative is expected to enhance location-based services and improve ride-hailing experiences through direct user feedback and data contributions.
This collaboration highlights DRIFE’s focus on transparency, decentralization, and user empowerment through blockchain. The platform aims to monetize vehicle data and unlock new economic opportunities for users. Beyond improving ride-hailing services, DRIFE envisions a transformative model where corporate intermediaries are removed from transactions, ensuring a fairer ecosystem for drivers, riders, and community developers.
The partnership also underscores the importance of data monetization in reshaping traditional industries. DRIFE aims to leverage blockchain technology to create a user-centric model, where participants can benefit from innovative data-sharing frameworks and blockchain-enabled transparency.
DRIFE has emphasized that the Share2Earn incentivized testnet is open to participants globally, except for residents of certain jurisdictions, including the UAE, Pakistan, Russia, China, and the US, due to regulatory and compliance restrictions. Reward tokens for this initiative are built on the Sui blockchain and will be accessible following the Token Generation Event (TGE). These rewards will follow a structured distribution model, with a weekly linear unlock over three months.
The leadership at DRIFE views this partnership as a validation of their vision for a decentralized ride-hailing ecosystem. The initiative reflects a commitment to fostering community participation in shaping the future of mobility. By incentivizing users to engage actively in its platform’s development, DRIFE aims to redefine the ride-hailing sector while demonstrating the broader potential of blockchain applications.
The Share2Earn campaign and the strategic collaboration with CoinList signify a milestone in integrating decentralized technology with physical infrastructure. DRIFE’s efforts to disrupt the conventional ride-hailing model align with its mission to empower users and communities through innovative, blockchain-based solutions.
