ShareRing - The world's first trusted token for sharing services
You must have heard people talk about this magnificent phrase "Sharing Economy". The meaning of this phrase can be relate to online market places and people to people “sharing” which has served as a general term used to describe the new age social and economic activity. People can now live their lives that they dreamed of with the help of this economic system because service relating to the sharing economy are now proving to be very lucrative.
The exact reason why I said people are benefiting from sharing economy is because, it's providing convenience, provides more work opportunity, encourages an ease into entrepreneurship, provide people with things they couldn't ordinarily afford and made travel very cheap.
If you haven’t yet taken advantage of any of these sharing economy platforms, you may want to start checking out ShareRing. Because whatever your dreams may be, there is a good chance that ShareRing can help you achieve them with their ideas.
What Is ShareRing.
The ShareRing platform, first of it's kind is presenting a marketplace for the exchange of assets without the need to use money as a form of payment. Creating one way to pay for sharing everything, no matter what it is or where you are, with the use of SharePay and ShareToken.
This approach is simply making the Sharing Economy easy to access globally, services like renting a cab, paying for an apartment and taking care of baby sitting payments all over the world without having to carry bulk amount of money around.
Elements Of ShareRing
The ShareRing™ has incorporated a number of core elements that together create the smart sharing on-demand service system. These elements are:
A well custom-designed distributed blockchain technology called "ShareLedger" which is still in process of development by the ShareRing team. ShareLedger aims at harvesting one of the most recent developments in blockchain technology, worldwide in the fast growing sharing economy.
A clever, integrated smartphone app for viewing of available services, the app will use geolocation-based services to display nearby ShareRing services.
Ongoing mechanisms for creating a strong and growing connective network of providers and users
The ShareRing platform will use two Tokens:
SharePay (SHRP)– Will be the official currency to allow users pay for the use of assets in the platform.
ShareToken (SHR)– Utility token to drive sharing transactions to be written to the ShareRing ledger managed by the platform.
Features And Benefits of ShareRing.
A very fast and easy Sharing transactions validation.
Unchangeable records of data.
Additional attributes in form of KYC.
Features in form of Smart Contracts with SharePay (SHRP) and ShareToken (SHR) for activities on the platform.
Earning of tokens by providers for renting out their assets.
Earn additional token by hosting of Node.
Addition of custom rules or wallet for different Sharing structures.
Token Sale And Distribution.
ShareRing will issue 3 billion tokens with a USD hard cap of $38,000,000. The SHR token is built on Ethereum blockchain using ERC20 standards.
The tokens will be issued in a variety of tiers:
Pre-TSE – 1 SHR = $0.01 ($25,000,000 @ 50% discount) 2,500,000,000 SHR tokens - Ends May 2018
Main TSE – 1 SHR = $0.02 ($20,000,000 @ no discount) – 1,000,000,000 SHR tokens - From June 4th 2018
60% of Token - Sale contributors
24% of Token - Platform and team
10% of Token - Advisors.
5% of Token - Bounty program.
1% of Token - Airdrop.
Of the 24% of the total tokens available for ShareRing treasury , 30% will go to main-net development, 10% will go to external reviews and technology validation and audits, 30% towards incubators and bonuses for 3rd party integrators into the platform, 20% for global marketing and promotions, 10% for contingency fund.
Minimum contribution for Pre-sale participants is $150,000.
Team
Core Team
Tim Bos - The CEO and founder of a company called Keaz, building a platform for sharing cars. He has experience as a blockchain engineer.
Rohan LePage - The COO is considered an expert in the blockchain space.
Core Development Team
Advisory Team
Social Media outlets :
Bounty0x Username - @xpency100
Referral Code - 50a9da
Just hearing about this project, let me do more research on it.
Good, you can also get their whitepaper from the website. Thank you.
When is the ico commencing ?
The presale is in process already, you should not sleep on it.
Is there any competitor with this kind of concept in the blockchain ecosystem
For now I don't think so, there are just sharing companies but are yet to be on Blockchain.