LETSTOP combines artificial intelligence and Web3 technology to create a safe driving ecosystem that provides real-time feedback to drivers and rewards safe driving behaviors with cryptocurrency. This platform addresses the high incidence of road accidents caused by distractions, particularly mobile phone use, by incentivizing responsible driving habits globally.
Funding
$400K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Distracted driving, particularly due to mobile phone use, is a major cause of road accidents globally. Traditional methods of addressing this issue often lack real-time feedback and consistent incentives for drivers to adopt safer habits.
Solution
LETSTOP is a mobile application that leverages AI and Web3 technologies to foster a safer driving ecosystem. The app monitors driver behavior in real-time, providing immediate feedback on potentially dangerous actions such as phone use, speeding, harsh braking, and sharp turns. By analyzing driving patterns, LETSTOP generates a drive score that reflects the user's adherence to safe driving practices. Users are rewarded with LETSTOP credits for maintaining high drive scores and consistent distraction-free driving, which can be converted to $STOP tokens.
Target Audience
LETSTOP targets individual drivers seeking to improve their driving habits and earn rewards, as well as organizations in sectors like public transportation, delivery services, and insurance that aim to promote road safety among their employees or customers.
Features
- Real-time monitoring of driving behavior, including phone use, acceleration, braking, and speeding
- AI-powered drive score calculation based on safety adherence
- Gamified experience with experience points (XP) and levels to encourage consistent safe driving
- Conversion of LETSTOP credits into $STOP tokens for cryptocurrency trading
- STOP Store for vehicle upgrades and partner vouchers, redeemable with LETSTOP credits
- Leaderboard showcasing top-performing safe drivers
- Integration with Bybit for rewards and cryptocurrency trading