👉 The fare fluid, also known as fare rate or fare formula, is a dynamic pricing mechanism used in ride-hailing services to calculate the cost of each ride. It takes into account various factors such as distance, time, traffic conditions, surge pricing, and driver availability to determine the final fare. By adjusting these elements in real-time, the fare fluid ensures that both drivers and riders are charged fairly based on current market conditions, incentivizing efficient service and balancing supply and demand. This system aims to optimize the overall efficiency of the ride-hailing network while providing transparent pricing for users.
