February 15, 2026

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DRF, MAIN SUPPORTER OF DRIFE PLATFORM ECONOMIC SYSTEMS

DRF, MAIN SUPPORTER OF DRIFE PLATFORM ECONOMIC SYSTEMS

Creating a digital platform that is focused on the shuttle transportation service business has made Drife one of the business platforms that has a very high chance of success. This is seen from the function that they stretch with the availability in the community. the concept that was built came from a very mature plan and added several innovations that made it characterless and independently able to empower its users. Drife develops a cryptocurrency or digital currency system in all payment systems that apply in it. With the sophistication of blockchain technology, Drife confidently shows its ability to be able to join the market for high-end cryptocurrency trading and compete with many other types of cryptocurrency.

One source of financial benefits comes from the use of digital tokens with the name of the DRF currency. DRF tokens have a very broad function which is able to overcome any type of cost that applies in it. Both the payment of shuttle services by passengers to the driver’s income and technology developer incentives, all are provided in the form of DRF tokens. Although this platform has just been operated which indicates that the token value is still on a low scale, but the owner of this token can certainly use it to obtain many services provided by Drife. The trade function is not yet maximized by this token, but the increase in distribution and volume of use will make this token very high value in the cryptocurrency exchange.

DRF tokens are digital types of utility tokens, meaning that these tokens do not have a specific physical form. Its existence will only be known through the amount stated in the user’s digital wallet. Even though its physical is intangible, the value it contains is very high even exceeding the exchange rate of even famous fiat currencies. Besides being used for payments and loyalty prizes, DRF tokens are used also for stacking or betting functions on this platform. This will allow the user to get more tokens just by keeping it in the wallet for a certain period of time.

The distribution of these tokens is carried out using EOS type blockchain technology that provides a high level of security system and will implement smart contracts in transactions. By implementing the ERC-20 protocol, this token will be distributed with a total total of 325 million DRF. To obtain this token, a period of sale will be held through the ICO (Initial Coin Offering) program where users must first be registered in the whitelist or white list. Drife applies this whitelist concept to ensure that every user who wants to obtain tokens has been officially registered. The whitelist is also evidence that users have the seriousness to buy or bid tokens for them to have in their wallets.

In the ICO period to be held, Drife sets the price for one DRF token of 0.25 USD. The number of tokens available to users is more than 162 million DRF or 50% of the amount they distribute in total. 20% of the number of tokens distributed in ICO will be the minimum number of tokens sold or commonly referred to as soft cap. While the number of hard caps is all tokens distributed in this period. The new DRF token can be used if the ICO period has ended because the distribution of tokens was only done at that time. So that the new function can be enjoyed by users after the token reaches their hands. Its business also includes exchange transactions in addition to enjoying Drife services.

When a user obtains a DRF token in his wallet, they can choose to keep it in the wallet or use to pay for the shuttle service fee. If the user chooses to store it only in the wallet, they have the opportunity to get rewards in the form of additional DRF tokens. This process is called stacking or betting. Locking the token temporarily in the wallet will provide additional benefits for the holder. In addition, tokens can also be used to exchange them with other types of digital currency in practice.

If the user chooses to use this token to pay for travel costs, the user will be easier to make this payment. Only through the Drife mobile application, users can already make payment transactions with just a few short and easy steps. Payment of actual travel costs can also be made using cash or debit cards. However, it would be more profitable if the payment was made using a DRF token with a guaranteed discount.

Website & Official links — DRIFE (IEO)

Official website — https://www.drife.one/
Connect with DRIFE — https://t.me/Drife_officialchat
Follow DRIFE in Twitter — https://twitter.com/Drife_official
DRIFE official Facebook — https://www.facebook.com/drife.official/
Profile & posts inside — https://medium.com/@drife_official
Whitepaper — https://www.drife.one/wp-content/uploads/2019/02/Drife-Whitepaper-v1.2.pdf

Published at Sat, 11 May 2019 07:39:32 +0000

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Youbit Exchange Files For Bankruptcy As Hackers Wipe 17% Of Assets

South Korean exchange Youbit has announced it is filing for bankruptcy after hackers stole 17% of its net assets.


‘Very Sorry (Again)’

In an announcement on its homepage since reported by various news outlets, the relatively unknown exchange, which is not to be confused with the similarly-named Yobit.net, said it had made “every effort” to stay afloat.

A previous hack in April saw 4000 BTC covertly leave Youbit’s books, an episode from which the exchange never fully recovered.

“I am very sorry to inform you again with the sad news,” the announcement reads.

After the accident in April, we made every effort to strengthen security, recruit personnel, and reduce hot wallet storage… In the meantime, due to the hacking of our company at 4:35 in the morning, funds have been lost from your wallet.

A Wild West Of North-South Korean Hackings

The news comes amid increasing reports of malicious activity involving South Korean bitcoin exchanges perpetrated by North Korean entities.

Claims hackers have stolen millions of dollars in cryptocurrency over an extended period are circulating in the mainstream press, while even the South’s biggest exchange Bithumb has been left shaken by losses this year.

Youbit has said it will go through a formal bankruptcy procedure to minimize customer fallout, but that balances would still auto-adjust to a fraction of their former worth, with the aim to refund once formal proceedings are over.

“Through various measures such as the sale of cyber comprehensive insurance (3 billion [won]) and the operating rights of the company, the loss to members is expected to be lower than 17%… I will make every effort to minimize this,” the announcement continues.

Only a day earlier, Blockchain CEO Peter Smith warned CNBC viewers that the time was ripe for another major hack in the bitcoin space.

“We see attacks and breaches about every six months – major breaches – so we’re probably due for one in the next month or two,” he told the network.

What do you think about Youbit’s filing for bankruptcy? Let us know in the comments below!


Images courtesy of Shutterstock

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