In a twist on the flight miles model, oBike, Singapore’s first homegrown and biggest bike-sharing operator, and TRON, a Blockchain-based decentralised protocol, will allow oBike riders to earn cryptocurrency as they ride.
When the partnership officially launches in Q118, oBike will introduce its own cryptocurrency, oCoins, based on the TRON protocol. The oCoins are generated whenever a ride is taken and can be used by oBike riders to pay for rides, or used for applications on TRON’s platform including Peiwo, an audio content community, and Uplive, a live-streaming app. The longer they ride, the more oCoins they earn.
TRON is a protocol which enables each content creator to freely publish, store and own data, thus forming a decentralised online content entertainment ecosystem. Its cryptocurrency called TRONIX, or TRX for short, is ranked No. 18 worldwide for cryptocurrencies. TRX has a market capitalisation of US$2.6 billion and is currently trading at US$0.04.
Edward Chen, Co-founder and CMO, oBike said, “The collaboration with TRON will enable oBike users to generate and earn oCoins, which can then be used on apps and online content purchases. As a tech company, we are dedicated to bringing better value and benefits to our users through constant innovation and mutually beneficial partnerships. We are confident that the introduction of oCoins, will be an attractive proposition for users to continue riding oBike in more ways than one.”
TRON’s founder, Justin Sun, is the former Chief Representative of Ripple in Greater China and the CEO of TRON partner Peiwo. The Peiwo voice content community has over 10 million global registered users and more than a million monthly active users as of October 2017. He commented, “OBike is one of the largest bikesharing economy companies active in 20 countries across Europe, Asia and Australia with 10 million users. We are certain that the TRON ecosystem will appeal to oBike users with its widespread popularity. We look forward to a fruitful partnership!”
OBike is now in over 50 cities in 20 countries worldwide. The company has made cycling a convenient and environmentally-friendly commute option to more than 2 million users across Southeast Asia alone.
Explore:
The oBike App is currently available on the App Store and Google Play.
Check the timeline for TRX compatibility in the Peiwo app
Track TRX
When the partnership officially launches in Q118, oBike will introduce its own cryptocurrency, oCoins, based on the TRON protocol. The oCoins are generated whenever a ride is taken and can be used by oBike riders to pay for rides, or used for applications on TRON’s platform including Peiwo, an audio content community, and Uplive, a live-streaming app. The longer they ride, the more oCoins they earn.
TRON is a protocol which enables each content creator to freely publish, store and own data, thus forming a decentralised online content entertainment ecosystem. Its cryptocurrency called TRONIX, or TRX for short, is ranked No. 18 worldwide for cryptocurrencies. TRX has a market capitalisation of US$2.6 billion and is currently trading at US$0.04.
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| An oBike parked at OUE Downtown, Singapore. |
TRON’s founder, Justin Sun, is the former Chief Representative of Ripple in Greater China and the CEO of TRON partner Peiwo. The Peiwo voice content community has over 10 million global registered users and more than a million monthly active users as of October 2017. He commented, “OBike is one of the largest bikesharing economy companies active in 20 countries across Europe, Asia and Australia with 10 million users. We are certain that the TRON ecosystem will appeal to oBike users with its widespread popularity. We look forward to a fruitful partnership!”
OBike is now in over 50 cities in 20 countries worldwide. The company has made cycling a convenient and environmentally-friendly commute option to more than 2 million users across Southeast Asia alone.
Explore:
The oBike App is currently available on the App Store and Google Play.
Check the timeline for TRX compatibility in the Peiwo app
Track TRX
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