A brand new initiative from oBike permits customers to earn their personalized cryptocurrency just by driving their bicycles.

As we start a brand-new yr, we additionally begin fascinated by resolutions. #newyearnewme, proper? One of the most typical objectives is to get match, whether or not or not it’s hitting the health club or hitting the sidewalk for a jog.
However, primarily based on its stellar efficiency final yr, many individuals could be resolving to get in on that crypto motion by investing in Bitcoin or one other digital forex. Singapore-based bike-sharing platform, oBike, hopes to mix the well being advantages of health with the monetary fringe of digital currencies.

#obike is inventing a #cryptocurrency to pay for rides or earn #oCoins. https://t.co/cyaklhpAGN by way of @SKolodziejczyk
— Bikeee Bikesharing (@bikeee_sharing) January 3, 2018

Teaming up with Tron
According to Type Board, oBike has partnered with blockchain-based platform Tron, to develop oCoins. These cash can be utilized by oBike members to pay for his or her bike rides, and likewise so as to add funds to the platform’s oBike pockets.
In addition, customers will have the ability to earn oCoins by merely driving their bikes. The extra they experience, the extra oCoins they may obtain. This may very well be an awesome, and incentivized, option to get extra individuals utilizing oBike’s companies whereas spreading the crypto love.
According to South China Morning Post, Edward Chen, who’s a co-founder and the chief advertising officer for oBike, mentioned that oCoins “can be a horny proposition for customers to proceed driving oBike in additional methods than one.”
He went on so as to add:
As a tech firm, we’re devoted to bringing higher worth and advantages to our customers by fixed innovation and mutually useful partnerships.

Singapore the Ideal Testing Ground
Singapore is broadly seen as a hub for each cryptocurrency- and blockchain-based initiatives. In October final yr, the nation went so far as stating that they haven’t any plans to control digital currencies and even has an intention of digitizing its personal fiat forex.
In addition, the nation has plans to enhance its present infrastructure to make it extra bike owner pleasant. It undoubtedly appears to be the proper place to check out this new initiative from oBike.
By partnering with Tron, oCoin holders will even have the ability to purchase content material from Tron’s platform or use the cash for dwell streaming by one of many platform’s functions.
Unpredictable Market Still a Concern
Crypto enterprise could also be booming in Singapore, however some persons are nonetheless cautious of investing in it. Even although it’s a profitable trade, with a mixed market cap of over $700 billion on the time of writing, this can be very risky.
However, the help of many well-established names like Goldman Sachs and JPMorgan Chase, in addition to the current launch of futures buying and selling, might see 2018 being the yr that the imaginative and prescient of world adoption is realized.
If that is the case, oBike’s new system, if profitable, might presumably filter to all of its 10 million customers in Europe, Asia, and Australia.
Do you suppose this oBike’s reward-based system with oCoins will enhance its enterprise? Let us know within the feedback under!

Images courtesy of Shutterstock, The Straits Times
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