World is currently going with the vibe of digitalization. Gradually fiat currencies like dollars or euros are dying, people are accepting more digital currencies. More than 4800 cryptocurrencies have been introduced so far and the number is on march. But unfortunately, so far no crypto is in the market supporting share economy.
Share economy is based on the fundamental that any equipment can be shared with the consents of two or more parties involving some financial activities. As there is involvement of monetary transaction, so far banks are acting as a third party for those share platform companies like Uber, AirBnB etc. Keaz is one of the prominent car sharing platforms operating since 2013 in Australia, USA, Vietnam, Hong Kong. Their technical department KeazACCESS has developed a cryptocurrency named ShareRing where tokens and currencies are available at the same time.
Under ShareRing platform, all sharing companies will be integrated so that you will get all services within a single app. You can choose payment method through SHR or SHRP (currency of the blockchain). Etherium technology has been used to ensure security of each token (ERC20).
Transaction Fees Features:
- Dual token platform where utility and currencies are separated by two different tokens
- Companies/ Individual users of ShareLedger blockchain don’t need to purchase SHR to enter ShareRing ecosystem
- Price fluctuations will be strictly avoided
- ShareRing ecosystem will require no knowledge of blockchain at all
When a transaction fee is incurred, both the token holders and stake holders will receive a reward from that transaction. The technology will develop a node to node blockchain, the less the node, the more the profit will be. 50% transaction fees will be distributed amongst the masternode holders and 50% for the ShareRing Ltd.
Keaz visions in a 2 years profit scheme. Within 24 months there will be at least 1,000,000 assets in the ShareRing ecosystem. Average transaction fee will be 20 SHR per month. If someone only focus on car sharing service, she can earn 750000 SHR per month. This equivalence price will increase rapidly.
ShareRing funding Allocation:
Here comes trust issue. To ensure the investors and users, all funds that are held by cryptocurrency by ShareRing treasury will be auditable by the common people. They will also publish cryptocurrency wallet in the ShareRing website. Fund allocation will be as follows:
- 30% fund for main-net development
- 30% for setting up ‘incubators’ and bonuses working as a third party integrations with the platform
- 20% for global marketing and promotional offers
- 10% for R&D
- 10% for contingency fund
| ICO NAME | ShareRing |
|---|---|
| Website | https://sharering.network/en |
| WhitePaper | https://sharering.network/files/sharetoken-whitepaper-en-web-v1.1.pdf?20180529 |
| https://twitter.com/shareringco | |
| Telegram | https://t.me/ShareRing |
| ANN Bitcointalk Thread | https://bitcointalk.org/index.php?topic=2977847.0 |
| Author Bitcointalk ID | cryptopowering |
|---|---|
| BTT link | https://bitcointalk.org/index.php?action=profile;u=1771063 |
| ETH ID | 0x3c9D2f192a96b9269e59B97Dab18f58674079487 |