{"id":489143,"date":"2021-05-06T09:04:47","date_gmt":"2021-05-06T13:04:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/"},"modified":"2021-05-06T09:04:47","modified_gmt":"2021-05-06T13:04:47","slug":"sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/","title":{"rendered":"Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility"},"content":{"rendered":"<h2>\nDeFi mutual fund Sheesha Finance teams up with Taxi 3.0 platform DRIFE to support decentralized services and ecosystems emphasizing transparency and fair value distribution<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>Dubai, UAE, May  06, 2021  (GLOBE NEWSWIRE) &#8212; (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=H6fSVdoO8e1sKi1vd-SPC6XxrsV-IkHFQSVO494EznRepaPv54c9Z9OJdFlKr42rcwV9Sj_MXiM9OpLNPsTjGzeIIdCfME4YyjQNLAUjXp4=\" rel=\"nofollow noopener\" target=\"_blank\">via Blockchain Wire<\/a>) &#8211;\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1kD1u9GCRo6jgE47OUuLPyIsr1T7CWTppRUaRjDifzZZhI7_WTYiEfd3iUb1z9IA0u07Q8Ovq99u-K5QFr5q-w==\" rel=\"nofollow noopener\" target=\"_blank\">Sheesha Finance<\/a> (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=b6tQJ2fKnpgS47GnwcoCD_nwbp1hQyYe7_SosB9pJJNneQWO4LO1yuRKH89sQHhKt9Ra4bE5fiBEZ401e0VYvsxDbMCguh9mGEh0WAXdPFA=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/sheesha.finance\/<\/a>), the first comprehensive DeFi solution for investors to easily access a variety of projects while solving issues surrounding locked crypto assets, and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iZ3d_2QgMonCyJ2v9p17cWbmism_C1KL-JD3jh0L0SgMDYc3Deq5HSFe4BGHtVaY\" rel=\"nofollow noopener\" target=\"_blank\">DRIFE<\/a> (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=b6tQJ2fKnpgS47GnwcoCDzeBkbma-lyyGwZ3L_Ly86ekbo19hmFHltLTpnN321mxfu_-Y6cfSR8ZN_-35YJtSQ==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.drife.io\/<\/a>), the first decentralized ride-sharing project built on taking zero-commission from drivers, today announced a partnership to improve accessibility to decentralized services. The partnership will focus on providing global communities easy access to decentralized products and ecosystems that support transparency and fair value distribution.<\/p>\n<p>\n        \n      <\/p>\n<p>As the cryptocurrency market reaches all-time highs and the blockchain industry matures in technology and regulatory clarity, businesses and consumers are exploring utilizing decentralized services. These services must meet the organization or user\u2019s custom needs, be simple to use and ideally offer additional incentives such as earning loyalty rewards.\u00a0<\/p>\n<p>\n        \n      <\/p>\n<p>Using Sheesha Finance, investors of all levels have easy access to a diverse DeFi portfolio of projects, ensuring participants fully benefit by maximizing their exposure to various DeFi rewards. DRIFE offers a first-of-its-kind decentralized ride-sharing project (Taxi 3.0) giving power back to the drivers and riders by offering exclusive discounts, staking rewards, open governance and a franchise ecosystem.<\/p>\n<p>\n        \n      <\/p>\n<p>\u201cDRIFE empowers the value creators and extractors within its ecosystem. Our partnership with DRIFE is a strategic step towards our goal of market transparency and integrity,\u201d said Saeed Hareb Al Darmaki, founder of Sheesha Finance.\u00a0<\/p>\n<p>\n        \n      <\/p>\n<p>\u201cDRIFE aspires to create a fairer, more efficient and transparent ride-hailing economy and transportation marketplace,\u201d said Firdosh Sheikh, Founder of DRIFE. \u201cWe see that same passion for fairness and accessibility in Sheesha Finance and are thrilled to partner with them.\u201d<\/p>\n<p>\n        \n      <\/p>\n<p>DRIFE\u2019s decentralized ride-hailing platform is the first platform empowering the ecosystem\u2019s value creators instead of the centralized corporation or entity. The platform\u2019s innovative economic model incentivizes and redistributes value back to the community in equitable terms, while also aiming to eliminate excessive transaction fees, reduce censorship, and enhance the quality of ride.<\/p>\n<p>\n        \n      <\/p>\n<p>Sheesha Finance is the first DeFi mutual fund that rewards investors of any size, from small to large holders, allowing them to earn unlimited DeFi tokens from a diversified portfolio of high-quality projects. Sheesha Finance plans to maintain market transparency and integrity by giving control to the native token ($SHEESHA) holders through a Decentralized Autonomous Organization (DAO).\u00a0<\/p>\n<p>\n        \n      <\/p>\n<p>For more information about the Sheesha Finance and DRIFE partnership, join the Sheesha Finance official <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Qi3yrYZ59Hu1RmpTGhmJjJhxygx5zjEvz9i_CcU_aOl2uF4F6263gJeL2qTlpkm7foUxKVzMVP8MYrESUrR_-Q==\" rel=\"nofollow noopener\" target=\"_blank\">Telegram<\/a> group.<\/p>\n<\/p>\n<p>\n        <b>About Sheesha Finance\u00a0<\/b><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1kD1u9GCRo6jgE47OUuLPybpjFlIacnTohRak2vVEL5Wkz4vnu8jstda8rjD0fwjBvtH8xA2llQTI67e-2r5sA==\" rel=\"nofollow noopener\" target=\"_blank\">Sheesha Finance<\/a> (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=b6tQJ2fKnpgS47GnwcoCD_nwbp1hQyYe7_SosB9pJJP-LtkKBbi51y5k4_pc1TQ_vFVYOFTlB6aSEUDr1RrBAnBKZ7IIBBUnO4rU3pkH_Aw=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/sheesha.finance\/<\/a>) is a one-stop-shop for DeFi projects, similar to a DeFi mutual fund. Sheesha aims to solve locked cryptocurrency inaccessibility issues in DeFi by creating easily convertible assets that can be freely utilized to maximize participant rewards and gain exposure to existing and upcoming DeFi projects.\u00a0 After launch, Sheesha Finance plans to maintain market transparency and integrity by giving control to the native token holders through a Decentralized Autonomous Organization (DAO).\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ifumvJX45bnYiuaoB_SrbpYpG3Ttnu_u9PA_HIc9MW0NihMWBiMkVyl1R_3ioe-IA20me2T2iaLwbKnmW1e3dg==\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a> &#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yb6Ne_JH2Yh4sa04ZW4c-Xfi7QrykPDEXMhKgz5S7EaMZub2c_RgvZazn9rKNStaf1gsmNMh9UAoGzGF6g4JDQ==\" rel=\"nofollow noopener\" target=\"_blank\">Medium<\/a> &#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Qi3yrYZ59Hu1RmpTGhmJjFeUkFmsQXNltMvCh_MvOMd5PiFtjLfp5vuS5PLVWlXuhaAnyFmCog33Da_H5yAT0A==\" rel=\"nofollow noopener\" target=\"_blank\">Telegram<\/a> &#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OPn4XqcPmD8grqUi90VIlqAjyLfDx7-BAAONbxluT6D_VnoU0sCc5nudYq3NuhpS5npJ8FfWSlToM8CQ9M6-ygrH37bApooUUnxU3nHVSM4iCvSUx1yU9MaFUS1MXxVV\" rel=\"nofollow noopener\" target=\"_blank\">Gitbook<\/a> &#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V3895PTgfIjVNQhU55cTwhOJIJSQhQoJytAUP9Ko1BHVUandx97u6f1qbYRmlVPrs2coe-lz9GsT9-Hn6GvMtdrOn8UVK8Jr5VXHe-XfjgE=\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a><\/p>\n<p>\n        \n      <\/p>\n<p>\n        <b>About DRIFE<\/b><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iZ3d_2QgMonCyJ2v9p17cUPpI0KLa572xBim8ubbacTPre2VSgmkGcAuVkxEw4zecdvyhZaKdVxQPXYpVAkIDQ==\" rel=\"nofollow noopener\" target=\"_blank\">DRIFE<\/a> (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=b6tQJ2fKnpgS47GnwcoCDzeBkbma-lyyGwZ3L_Ly86eoP5Zha4DBFLutIeXePQkxhXwFfaTgS2qPtgf8AudJZDOX3Ema-BbFVnB-fHB0GkI=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.drife.io\/<\/a>) is a decentralized ride-hailing platform with the intent of empowering the value creators and extractors within its ecosystem \u2013 the platform drivers and riders. Drife aspires to disrupt the existing business model and to create a fairer, more efficient and transparent ride-hailing economy and transportation marketplace.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ifumvJX45bnYiuaoB_SrbnetX_p5eYbnwUUVhoZr1ovzSVdhgolf9kLB1fX0NTBXGGJu1dxCFHS5EpS9CiDzP4byhWNWtjboJ7GI_6nwswc=\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a> &#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yb6Ne_JH2Yh4sa04ZW4c-SrsVnYW9Jbt_X25PPQdsShMUs6pqzDXPesP1MWEcXUX5GVZEi9bi4sYD83xatoIyxJ2eicIorWBrN32Cs0LmZc=\" rel=\"nofollow noopener\" target=\"_blank\">Medium <\/a>&#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Qi3yrYZ59Hu1RmpTGhmJjB2tSkJjh-NbkR5nLjAr4iDHd3-bucXJwVvQissNALJnMD0YEPaIcW4f0M3Pdkb2zw==\" rel=\"nofollow noopener\" target=\"_blank\">Telegram <\/a>&#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V3895PTgfIjVNQhU55cTwhbNDiS_aF0BtE1QfQrPoNcIcb3O5khXbA3HUI5PZl6ZD5KVKPD9SaQRVpBAtrnU-TNkX_C4VYxiOU_nS4xg7lw=\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a><\/p>\n<p>\n        \n      <\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzMDkyOCM0MTY5MDMwIzUwMDA3ODkwNA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ee5a2282-f792-48a3-8046-9de87f440e75\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Media contact: Sheesha@transformgroup.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DeFi mutual fund Sheesha Finance teams up with Taxi 3.0 platform DRIFE to support decentralized services and ecosystems emphasizing transparency and fair value distribution Dubai, UAE, May 06, 2021 (GLOBE NEWSWIRE) &#8212; (via Blockchain Wire) &#8211;\u00a0Sheesha Finance (https:\/\/sheesha.finance\/), the first comprehensive DeFi solution for investors to easily access a variety of projects while solving issues surrounding locked crypto assets, and DRIFE (https:\/\/www.drife.io\/), the first decentralized ride-sharing project built on taking zero-commission from drivers, today announced a partnership to improve accessibility to decentralized services. The partnership will focus on providing global communities easy access to decentralized products and ecosystems that support transparency and fair value distribution. As the cryptocurrency market reaches all-time highs and the blockchain industry matures in technology and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-489143","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DeFi mutual fund Sheesha Finance teams up with Taxi 3.0 platform DRIFE to support decentralized services and ecosystems emphasizing transparency and fair value distribution Dubai, UAE, May 06, 2021 (GLOBE NEWSWIRE) &#8212; (via Blockchain Wire) &#8211;\u00a0Sheesha Finance (https:\/\/sheesha.finance\/), the first comprehensive DeFi solution for investors to easily access a variety of projects while solving issues surrounding locked crypto assets, and DRIFE (https:\/\/www.drife.io\/), the first decentralized ride-sharing project built on taking zero-commission from drivers, today announced a partnership to improve accessibility to decentralized services. The partnership will focus on providing global communities easy access to decentralized products and ecosystems that support transparency and fair value distribution. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/","og_locale":"en_US","og_type":"article","og_title":"Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility - Market Newsdesk","og_description":"DeFi mutual fund Sheesha Finance teams up with Taxi 3.0 platform DRIFE to support decentralized services and ecosystems emphasizing transparency and fair value distribution Dubai, UAE, May 06, 2021 (GLOBE NEWSWIRE) &#8212; (via Blockchain Wire) &#8211;\u00a0Sheesha Finance (https:\/\/sheesha.finance\/), the first comprehensive DeFi solution for investors to easily access a variety of projects while solving issues surrounding locked crypto assets, and DRIFE (https:\/\/www.drife.io\/), the first decentralized ride-sharing project built on taking zero-commission from drivers, today announced a partnership to improve accessibility to decentralized services. The partnership will focus on providing global communities easy access to decentralized products and ecosystems that support transparency and fair value distribution. As the cryptocurrency market reaches all-time highs and the blockchain industry matures in technology and &hellip; Continue reading \"Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-06T13:04:47+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzMDkyOCM0MTY5MDMwIzUwMDA3ODkwNA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility","datePublished":"2021-05-06T13:04:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/"},"wordCount":577,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzMDkyOCM0MTY5MDMwIzUwMDA3ODkwNA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sheesha-finance-and-drife-partner-to-improve-defi-and-decentralized-ride-hailing-accessibility\/","name":"Sheesha Finance and DRIFE Partner to Improve DeFi and Decentralized Ride-Hailing Accessibility - 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