oBike is preparing for the New Year in strong fashion as they are reeling out their latest service which is oCoin, their very own cryptocurrency linked with their massively popular oBikes.
This latest move by the Singaporean bike sharing company is a world’s first, whereby you can pay for their services using these oCoins while you can mine them by using these biked regularly. Users earn oCoins based on the duration of the ride, whereby the longer you ride, the more oCoins you receive.
oBike is partnering up with Tron, a blockchain platform, in order to support this system and this new payment system, will be launched within the first quarter of 2018. Users will also be able to use these coins on online content or with any Tron compatible platforms.
Tron, a decentralised online content entertainment system, owns the Tronix cryptocurrency, which is ranked 18th worldwide on the cryptocurrencies list. Tronix has a market capacity of US$2.6 billion (S$3.5 billion) and is currently trading at US$0.04.
“As a tech company, we are dedicated to bringing better value and benefits to our users through constant innovation and mutually beneficial partnerships,” he added.