The Mining.Taxi Ecosystem: Owned by You

This page explains the transparent economics and governance of the first community-owned taxi platform. By engaging with Mining.Taxi, you agree to our Privacy Policy and Legal Disclaimer.

From Corporate Taxi to Community Ownership

The traditional taxi and ride-hailing industry (Web2) generates hundreds of billions annually, with value extracted by a few centralized companies. Mining.Taxi flips this model using Web3 principles: the platform is owned and governed by its users, drivers, and investors — the community.

A Dual-Token Engine: $RIDE for Action, MINING for Ownership

Our ecosystem is powered by two complementary tokens, each with a clear purpose:

1. $RIDE Token (The Reward Token):
• Earned by riders for every completed trip (1 $RIDE per ride).
• Backed by real liquidity (5% of each fare).
• Fully liquid — easily swappable for BTC, BNB, or other crypto.
• Withdrawal requirement: Need 1 MINING token in wallet + minimum 10 RIDE to withdraw.

2. MINING Token (The Governance & Yield Token):
• Grants voting rights (Governance) on platform decisions.
• Entitles holders to a share of the BNB Mining Pool revenue.
• Required for $RIDE token withdrawals (minimum 1 token).
• Represents true ownership stake in the ecosystem's growth.

Transparent Revenue Flow: Growth-Based Commission Structure

We operate with a clear, growth-oriented commission model designed for sustainability:

🗳️ DAO Governance Platform

Mining.Taxi is governed through a decentralized autonomous organization (DAO) accessible at dao.taxicommunity.com.

• Voting Requirements: 10,000+ MINING tokens required to participate in governance votes

• Decision Types: Platform updates, fee changes, feature implementations, budget allocation

• Voting Power: Proportional to your MINING token holdings

• Version 2.0 Development: MINING holders will decide the future development path

🤝 Partnership Program Tiers

Multiple ways to engage with the Mining.Taxi community at different commitment levels:

🔄 Economic Cycle & Trading Opportunities

The Mining.Taxi economy creates natural market dynamics that benefit all participants:

1. Rider Demand: Every rider needs at least 1 MINING token to withdraw their earned $RIDE tokens

2. Constant Demand Generation: Each new rider creates additional demand for MINING tokens

3. Trading Opportunities: MINING holders can sell tokens to riders at market price

4. Multiple Revenue Streams: Holders can choose to:

   • Stake for BNB mining rewards
   • Sell to riders needing tokens
   • Hold for governance voting rights
   • Use for partnership status

Fair & Transparent MINING Token Distribution

The total supply of MINING tokens is 1,000,000,000 (1 Billion).

• 95% (950,000,000 MINING) — Allocated to the Community: Distributed through partner rewards, NFT bonuses, ecosystem incentives, and future public sales. The community owns the vast majority.

• 5% (50,000,000 MINING) — Reserved for Founding Team & Company: Subject to a 4-year linear vesting period. This ensures the team's long-term commitment and aligns our success directly with the platform's growth.

How to Join and Start Earning

You can become a co-owner of Mining.Taxi today:

1. Start Small: Buy just 1 MINING token for $2.50 from drivers, partners, or via Mining.Taxi Donate to unlock $RIDE withdrawals.

2. Secure a Founding Position: Purchase a limited Founder NFT through the HELLO program and receive a bonus of 10,000 to 100,000 MINING tokens.

3. Become an Official Partner: Choose your level (100+ MINING for basic, 10,000+ MINING for verified, or 25,000+ MINING for regional).

4. Participate in Governance: Hold 10,000+ MINING tokens to vote on platform decisions at DAO Taxi Community.

A Collective Journey

Mining.Taxi Version 1.0 is just the beginning. You, the MINING token holders, will govern and decide the future development path for Version 2.0 and beyond.

Important Disclaimer: Cryptocurrency and token ownership carry significant risk. The value of MINING and $RIDE tokens can be volatile. Mining.Taxi does not guarantee profits. Participation is at your own risk. MINING tokens confer governance rights but do not represent equity in Mining Taxi Inc.

❓ Frequently Asked Questions

How do I earn BNB rewards with MINING tokens?

Simply stake your MINING tokens in the BNB Mining Pool. Rewards are distributed proportionally based on:

• Your staked amount relative to total staked MINING

• Platform revenue (4.76% of each fare at full launch)

• BNB price performance

No minimum staking amount required. Visit the Mining page for details.

Why do riders need MINING tokens to withdraw $RIDE?

This requirement creates a sustainable economic cycle:

• Demand driver: Every new rider creates demand for MINING

• Community alignment: Riders become co-owners, not just users

• Value capture: Community benefits from platform growth

• Withdrawal security: Ensures proper wallet setup and ownership

Riders earn $RIDE regardless, but need 1 MINING to access their rewards externally.

What's the difference between $RIDE and MINING tokens?

$RIDE Token (Utility):

• Earned by riders (1 per trip)

• Backed by 5% of every fare

• Used for rewards and future discounts

• Fully liquid, swappable for other crypto

MINING Token (Governance & Yield):

• Represents platform ownership

• Provides voting rights (10,000+ MINING)

• Earns BNB rewards from mining pool

• Required for $RIDE withdrawals

• Access to partner programs

How does the 68% community allocation work?

After deducting 5% for $RIDE liquidity, 68% of remaining platform revenue goes to the community:

• 70% of 68% → BNB Mining Pool (rewards for MINING stakers)

• 30% of 68% → MINING Liquidity Pool (ensures token liquidity)

Example for $10 ride (15% commission):

• Total commission: $1.50

• $RIDE Pool: $0.50 (5%)

• Community share: $0.68 (68% of remaining $1.00)

• BNB Mining: $0.476 (to stakers)

• MINING LP: $0.204 (liquidity)

• Platform: $0.32 (operations)

What happens if I don't stake my MINING tokens?

If you don't stake your MINING tokens:

• You won't earn BNB rewards from the mining pool

• You still keep all other benefits:

• Withdraw $RIDE tokens (with 1+ MINING in wallet)

• Participate in governance (with 10,000+ MINING)

• Access partner benefits (with required amounts)

• Sell MINING to riders at market price

Staking is optional but recommended to maximize returns.

How can I become a verified partner?

Three simple steps:

1. Acquire 10,000+ MINING tokens (purchase from existing partners or via donation)

2. Complete KYC verification at partner.miningtaxi.com

3. Access partner dashboard for special pricing and tools

Verified partner benefits:

• Free listing on website partners section

• Special partner pricing for MINING tokens

• DAO governance voting rights

• Priority support and updates

When will the commission increase to 15%?

The commission will increase from 10% to 15% starting Q3 2027 (July-September 2027).

Why the increase?

• Supports sustainable platform operations

• Funds enhanced security and features

• Increases BNB Mining Pool rewards (from 2.38% to 4.76%)

• Expands MINING token liquidity (from 1.02% to 2.04%)

• Enables global expansion and marketing

Current beta participants enjoy the 10% rate as early supporters.

Can I sell MINING tokens to riders directly?

Yes, this is encouraged! As a MINING token holder or partner:

• Direct sales: Sell MINING tokens to riders during trips

• Market price: Current public price is $2.50 per MINING

• Partner advantage: Verified partners buy at $0.25, sell at $2.50 (900% margin)

• Natural demand: Every rider needs at least 1 MINING to withdraw $RIDE

Important: Always comply with local cryptocurrency regulations and provide clear instructions to buyers.

What happens to my rewards if I unstake MINING tokens?

When you unstake MINING tokens:

• BNB rewards stop accumulating for unstaked amount

• Previously earned BNB remains in your wallet

• Unstaking may have a cooldown period (check mining page)

• Other benefits continue (governance, $RIDE withdrawal, etc.)

You can restake at any time to resume earning BNB rewards.

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