DRIFE Launches DRF Token on CETUS DEX, Empowering Its Decentralized Ride-Hailing Ecosystem

DRIFE, a leading Web3 DePIN (Decentralized Physical Infrastructure Network) provider built on the SUI Blockchain and operating a decentralized ride-hailing platform across multiple cities, has announced the launch of its DRF Token on CETUS, a premier decentralized exchange (DEX) on the SUI Blockchain.

DRIFE, the leading Web3 DePIN (Decentralized Physical Infrastructure Network) provider on the SUI Blockchain, has announced the launch of its DRF Token on CETUS, a premier decentralized exchange (DEX) on the SUI Blockchain. The DRF token will be available for trading against the SUI token (SUI) on CETUS, enabling seamless integration within the SUI ecosystem.

The DRF token serves as the digital backbone of the DRIFE ecosystem, offering various benefits and utility cases designed to elevate the decentralized ride-hailing experience. These include rewards for frequent users, staking opportunities for token holders to earn additional DRF, and will be used as a payment method in supported jurisdictions for rides and subscription services.

The token unlocks exclusive benefits such as discounted fares, priority booking, and premium ride services. Moreover, DRF token holders are empowered to participate in the governance of the DRIFE ecosystem. With voting rights on critical decisions, stakeholders can shape the platform to meet the community’s evolving needs and priorities.

Firdosh Sheikh, Founder and CEO of DRIFE, expressed her enthusiasm, saying, “We are thrilled to be launching the DRF Token on CETUS. This marks a significant milestone for DRIFE as we expand our presence in the Web3 space. Our community has been growing rapidly, with over 300,000 users and 35,000 drivers already part of the DRIFE ecosystem. The DRF Token symbolizes our commitment to innovation, driver empowerment, and building a decentralised community.”

She further stated, “We anticipate widespread adoption and use of the DRF Token among drivers and riders. The token will power various features, from subscription services and loyalty rewards to peer-to-peer transactions and marketplace purchases. It represents a step forward in creating a more equitable and transparent ride-hailing experience.”

The total supply of DRF tokens is capped at 1 billion, with all tokens natively minted on the SUI Blockchain. SUI provides the secure and scalable infrastructure needed for DRIFE’s decentralized operations, ensuring reliability and transparency for all users.

The launch of CETUS reinforces DRIFE’s mission to leverage blockchain technology for positive change in the mobility industry. By partnering with decentralized platforms, DRIFE aims to redefine ride-hailing and make decentralized, fair, and community-driven services accessible to everyone.

About DRIFE

DRIFE is a decentralized ride-hailing platform powered by blockchain, aiming to empower drivers, riders, and community developers. By eliminating corporate intermediaries and introducing a fairer system, DRIFE seeks to disrupt the traditional ride-hailing industry and provide more value to its users.

• Official Website: https://www.drife.io

• Telegram: https://t.me/Drife_officialchat

• X: https://x.com/Drife_official

• Medium: https://blog.drife.io