Keen
Keen
Token: KNT


Autonomous Ride Hailing Platform

ICO dates
Start date: 2018-03-31
End date: 2018-06-30

Registrated in: Pakistan

Platform: KeenNet
Type: KeenNet

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Keen categories
Cryptocurrency Platform Software
Keen whitepaper
Keen token sale
KYC passing required No | Whitelist No | Restriction for countries USA
Tokens for sale 28,000,000
Token distribution in ICO
40%
40%
Price 1 ETH = 4,000 KNT
Price in PreICO 1 ETH = 6,000 KNT
Minimal investment 1 ETH or 0.1 BTC
Acceppting ETH, BTC
Bonus in ICO 50% bonus tokens will be issued to pre-sale contributors.
Keen news, social
Keen search trends in Google
Random whitepaper excerpts

Whitepaper v1.8
Contents
1. The Problem .................................................................................... 3
1.1 Service availability ........................................................................ 3
1.2 Safety concerns and user privacy.................................................3
1.3 Charges.........................................................................................3
2. The Solution .................................................................................... 4
2.1 A service available everywhere .................................................... 4
2.2 Decentralized governance model ................................................ 4
2.3 Own rates and no fees ................................................................. 5
3. How it operates ............................................................................... 6
3.1 Ride Matchmaking ....................................................................... 6
3.2 Driver on-boarding ........

Whitepaper v1.8
1. The Problem
1.1 Service availability
Ride-hailing services that are controlled by corporations require special
permits to offer such services to the customers. If the operation is not
permitted then these services mobilize public support backed by
lobbyist to pressurize the regulators in order to change such
regulations. [1] [2] This process is not sustainable and centralized ride-
hailing services have greatly failed to expand as a result of their inability
to penetrate into countries and cities that would otherwise have a great
demand for the services. For locations where this has been achieved,
often it includes reaching compromises with local municipalities on new
regulations and company policies.
1.2 Safety concerns and user privacy
There have been known cases where concerns regarding safety
standards of centralized ride-hailing services have been raised as
despite of receiving multiple complaints related to their drivers, these
services ch...

Whitepaper v1.8
keeps 20% from the ride fare that goes out of pocket of the rider
1
. This
commission is taken from the normal fares and in case of surge fares
the commission recovered is even higher. Ideally, surge fares should be
applied in case of a higher demand for rides, but off-course the
corporations do not provide any means to determine the authenticity
of such surcharges. Further, there have been known cases where
drivers team up to trick centralized ride-hailing apps into believing that
there is a shortage of drivers and hence apply surcharges. Also, the
surcharges often result in unexpected fare for the riders. [5]
2. The Solution
2.1 A service available everywhere
A purely decentralized ride-hailing service that nobody controls can
penetrate into markets that ride-hailing platforms under ownership of
corporations cannot. Drivers and riders can interact directly through a
purely peer-to-peer mechanism that has no centralized parties
involved. K...

Whitepaper v1.8
attacker could attempt to defraud the system by using fake GPS on their
mobile phones to boost their overall reputation score. This will involve
creating accounts for drivers and riders and then accepting own ride
requests to trick the application or otherwise send inaccurate ride
details directly to the blockchain. However, at the same time the
accounts being used will keep receiving ride requests from legitimate
sources that have to be ignored and ride requests made through these
accounts will be accepted by legitimate drivers that have to be cancelled
as well. Ignoring or cancelling multiple ride requests alerts the system
of unusual behavior and accordingly penalize all detected accounts by
lowering their reputation scores and essentially disabling them on the
platform. In addition to this, all new drivers that are added to the
platform have to be vetted for authenticity by riders having high
reputation scores
3
and hence chances of an illegitimate ...

Whitepaper v1.8
3. How it operates
3.1 Ride Matchmaking
Location of riders and drivers will be anonymously broadcasted across
the platform and ride requests will be matched for riders and drivers
based on their current locations. Riders can choose to go with drivers
that are nearest to their location and offering the lowest rates or they
can set their preferred fare for their drop-off location and drivers within
their vicinity can accept the ride at suggested rates of the riders. Drivers
will be required to set rates based on both distance and time travelled.
3.2 Driver on-boarding
Unlike traditional ride-hailing services that are competing against each
other to take on-board as many drivers as possible, Keen relies on its
community of riders to decide which new drivers are worthy of being
part of the network and which ones are not.
Every new driver will be taken on-board provisionally and will give 2 free
rides to volunteers. The first volunteer who gets the ride will t...

Whitepaper v1.8
dependable. Riders will be able to see their past drivers who are
currently active on the platform.
3.4 Proof-of-Loyalty
Keen uses a Proof-of-Loyalty (PoL) algorithm to identify members who
have committed the most for Keen's ecosystem based on number of
rides given or received, amount and duration of Keen tokens held in
their wallets, ratings received for rides taken, referred users and how
long they have been a part of Keen's community as a driver or a rider.
Members will be rewarded in form of fee waivers for token transaction
fees, priority in ride selection and free rides.
3.5 Payments
To make the platform truly decentralized, there can’t be any third
-party
payment service providers so all payments within the platform will be
processed through cash or keen tokens. Drivers will be able to set their
rates in both local currency and keen token. Ride fare will be auto
calculated from start of the ride based on distance and time travelled.

Whitepaper v1.8
4. KeenNet
Ethereum smart contracts are well suited to handle all activities for the
platform and decentralize its operations on the blockchain. However,
current scalability issues with the mainnet along with unstable network
fees makes it unsuitable to be used for Keen platform.
KeenNet will be based on Ethereum that uses Proof-of-Stake (PoS)
algorithm. Validators will be required to stake their keen tokens into a
smart contract to validate blocks and earn block reward. Block reward
will be 100 KNT initially that will be halved after every 250,000 blocks.
To control economics related to total circulating supply of tokens and
active validators, reward drops when there are too many validators in
the system and
in case there aren’t enough validators then the reward
increases to attract more validators into the system. Block rewards will
initially be generated from a pool consisting of 33,600,000 keen tokens
and afterwards through token transfer fees that...

Whitepaper v1.8
backward compatibility for all OS versions that have even just 1% or
more usage share. This means that all versions starting from Android
4.1 (Jelly Bean) and iOS 9 will be supported by the app.
All versions of the app available can be decompiled by the users such
that these could be audited by independent parties by downloading
from both app store and play store. Also, the codes could be
conveniently compared to the peer-reviewed open source codes
available at the repository. Developers will be free to make their own
versions of the app if required to interact with Keen platform.
6. Keen Tokens
Keen Tokens (KNT) will be used for payments and tipping to drivers
through the Keen platform. Also, the tokens will be transferable
amongst users within the Keen platform through the built-in app wallet.
Transfer fees will only be charged in case Keen Tokens are transferred
through the app wallet or using any other third-party wallet to transfer
the tokens i.e. in...

Keen Roadmap

1
Q1-Q2 2018
Market analysis and R&D for software architecture.
Whitepaper release.
UI / UX design and front-end tests.
Keen Tokens pre-sale.
Distribution of Keen Future Tokens7
to pre-sale contributors.
Community building campaigns.
2
Q3 2018
Launch of Android and iOS apps (alpha) with basic ride-hailing
functionality over Ethereum’s testnet.
Launch of KeenNet (alpha). Independent third-party security audits
Token swap of Keen Future Tokens with Keen Tokens.
Keen Tokens Crowdsale.
3
Q4 2018
Keen Tokens availability on exchanges.
Keen apps integration with KeenNet.
Beta launch of Keen Platform.
Extensive rides testing and bug bounty campaigns.
4
2019+
Rollout of a stable release.
Continuation of community building campaigns.
Ongoing support and maintenance of the platform.
Rehan Ali
Rehan Ali FOUNDER & DEVELOPMENT LEAD

Ujala Mir
Ujala Mir OPERATIONS LEAD

Sameera Rizwan
Sameera Rizwan MARKETING & PR LEAD

David Murry
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FOUNDER & DEVELOPMENT LEAD
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