Understanding CRUIZ's Disruption

The Basics of CRUIZ vs. Uber

At first glance, CRUIZ operates similarly to Uber:

• Open app

• Enter destination

• Get in a car

• Arrive at your location

The key difference lies in the economics:

• With Uber, riders pay more, and drivers earn less.

• With CRUIZ, riders pay less, and drivers earn more.

Why?

• Uber takes a 44% cut from fares.

• CRUIZ only takes a 15% cut.

The Economics Behind the Savings

Traditional Rideshare Companies

• Spend heavily on rider and driver recruitment.

• These costs increase ride prices and decrease driver earnings.

CRUIZ's Approach

• Minimal spending on recruitment.

• Extra costs are cut significantly.

• Uses onchain rewards for user-driven growth and operations.

The Result

• Significant savings are shared between riders and drivers:

  • Riders enjoy lower fares.

  • Drivers take home more income.

Where Does Your Fare Go?

Imagine a $50 ride to the airport:

Uber's Expenses

• About 24% goes to "Incentives & Advertising."

• This is mainly to attract new drivers due to high turnover.

CRUIZ's Model

• Zero percent of your fare goes to "Incentives & Advertising."

• CRUIZ uses onchain rewards instead, which are nearly costless to issue.

The Impact

• Drivers retain a larger portion of the fare.

• Driver satisfaction increases, reducing turnover.

Uber's Fixed Costs

• Roughly 10% of your fare covers fixed costs like real estate and employee salaries.

How CRUIZ Avoids These Costs

• As an open protocol, many fixed costs are eliminated.

• Businesses built on CRUIZ invest in the protocol, reducing overhead.

CRUIZ's Business Ecosystem

• Clients: Develop software for riders and drivers.

• Operators: Match drivers with riders and ensure compliance with local laws.

Both Clients and Operators can set their own rates and receive CRUIZ Rewards.

Fare Breakdown with CRUIZ

From a $50 fare:

• ~10% to the Operator.

• <1% to the Client.

• 5% to sustain the CRUIZ protocol.

• 85% directly to the driver.

The Future with CRUIZ

• The goal is for drivers to have an average take rate of 85% at scale.

• This vision requires community support and advocacy.

Conclusion

Join the movement towards a fairer rideshare economy where you pay less, and drivers earn what they deserve. Spread the word about CRUIZ and be part of transforming the rideshare market.