Information about "ShareToken"
What Is ShareToken (SHR)?
ShareToken is a digital utility token designed for transactions within the ShareRing ecosystem, facilitating payments for sharing services across various sectors and regions. This ecosystem includes the ShareRing app, ShareRing shop, and each user's ShareRing ID.
ShareRing is an open-source platform built on blockchain technology, utilizing a distributed ledger and a dual token system.
The creators of ShareRing recognize that the current service sharing economy is highly fragmented and complex, making it challenging for consumers. ShareToken addresses this by offering a unified, decentralized marketplace and digital currency that enables secure global access to services and seamless payments.
In 2019, the platform's developers shifted their attention to the travel sector, launching TravelRing as a pioneering B2B consumer-first application of the ShareRing platform's potential.
Besides being used for transaction fees on the ShareRing network, SHR tokens can be staked to earn flowbacks as rewards.
ShareRing is an open-source platform built on blockchain technology, utilizing a distributed ledger and a dual token system.
The creators of ShareRing recognize that the current service sharing economy is highly fragmented and complex, making it challenging for consumers. ShareToken addresses this by offering a unified, decentralized marketplace and digital currency that enables secure global access to services and seamless payments.
In 2019, the platform's developers shifted their attention to the travel sector, launching TravelRing as a pioneering B2B consumer-first application of the ShareRing platform's potential.
Besides being used for transaction fees on the ShareRing network, SHR tokens can be staked to earn flowbacks as rewards.
Who Are the Founders of ShareToken?
ShareRing, and consequently ShareToken, was co-founded by a team of six: Tim Bos, Rohan Le Page, Peter David, Neville Christie, Jane Sadler-Kidd, and Barry Brewster.
Bos, David, Christie, Sadler-Kidd, and Brewster had been developing technology solutions for car-sharing and rentals well before ShareToken and ShareRing were conceptualized. Their work on Keaz, a white-label car-sharing solution, provided them with insights into making shared services more accessible, such as car-pooling, ride-hailing, and vehicle rentals.
Rohan Le Page brought extensive experience from the automotive sector and served as ShareRing's chief operating officer until mid-2020.
The rest of the ShareRing team is composed of diverse professionals, including developers, engineers, designers, marketing specialists, and more.
Bos, David, Christie, Sadler-Kidd, and Brewster had been developing technology solutions for car-sharing and rentals well before ShareToken and ShareRing were conceptualized. Their work on Keaz, a white-label car-sharing solution, provided them with insights into making shared services more accessible, such as car-pooling, ride-hailing, and vehicle rentals.
Rohan Le Page brought extensive experience from the automotive sector and served as ShareRing's chief operating officer until mid-2020.
The rest of the ShareRing team is composed of diverse professionals, including developers, engineers, designers, marketing specialists, and more.
What Makes ShareToken Unique?
ShareRing stands out for being among the first platforms to introduce a dual token system, consisting of ShareToken (SHR) and SharePay (SHRP).
ShareToken is the utility token within the ShareRing network, while SharePay acts as a stablecoin for payments on the ShareRing platform.
SHRP facilitates transactions between users and service providers for goods and services, simplifying the process and reducing the hurdles faced by newcomers to cryptocurrency.
In the meantime, ShareToken powers the ShareRing ecosystem and its decentralized ledger, with service providers using SHR to cover transaction fees.
Both digital currencies work together to enhance the user experience on the ShareRing platform. The founders envision ShareRing as the "Amazon of the service industry," a comprehensive solution for accommodation, transport, and various activities, eliminating intermediaries and extra charges.
ShareToken is the utility token within the ShareRing network, while SharePay acts as a stablecoin for payments on the ShareRing platform.
SHRP facilitates transactions between users and service providers for goods and services, simplifying the process and reducing the hurdles faced by newcomers to cryptocurrency.
In the meantime, ShareToken powers the ShareRing ecosystem and its decentralized ledger, with service providers using SHR to cover transaction fees.
Both digital currencies work together to enhance the user experience on the ShareRing platform. The founders envision ShareRing as the "Amazon of the service industry," a comprehensive solution for accommodation, transport, and various activities, eliminating intermediaries and extra charges.
How Many ShareToken (SHR) Coins Are There in Circulation?
As of January 2021, there are 2.12 billion ShareTokens circulating, from a total maximum supply of 4.4 billion SHR.
When ShareToken was first introduced in late 2019, its initial circulating supply was 1.97 billion tokens. The initial distribution of SHR, according to the ShareRing website, was as follows:
* Cornerstone investors - 31%
* Private Equity/Institutional Investors - 1%
* ICO - 11%
* Core team - 11%
* Airdrop - 1%
* Operations (frozen tokens) - 45%
All team members are committed to holding onto their tokens, needing approval from the ShareRing board to sell over 10% of their SHR.
When ShareToken was first introduced in late 2019, its initial circulating supply was 1.97 billion tokens. The initial distribution of SHR, according to the ShareRing website, was as follows:
* Cornerstone investors - 31%
* Private Equity/Institutional Investors - 1%
* ICO - 11%
* Core team - 11%
* Airdrop - 1%
* Operations (frozen tokens) - 45%
All team members are committed to holding onto their tokens, needing approval from the ShareRing board to sell over 10% of their SHR.
How Is the ShareToken Network Secured?
Initially, ShareToken was launched as an ERC-20 token on the Ethereum blockchain but transitioned to the BEP2 standard in July 2019 with its introduction on Binance Chain.
As a BEP2 token, ShareToken is protected by Binance Chain's security, which employs Tendermint BFT and delegated proof-of-stake (dPOS) consensus mechanisms to defend against potential threats.
As a BEP2 token, ShareToken is protected by Binance Chain's security, which employs Tendermint BFT and delegated proof-of-stake (dPOS) consensus mechanisms to defend against potential threats.
Where Can You Buy ShareToken (SHR)?
ShareToken is a relatively liquid asset available on nearly a dozen trading platforms. Centralized exchanges include Bilaxy, KuCoin, and Bithumb Global, while decentralized exchange options include Uniswap (ERC-20 SHR only) and Binance DEX.
As of January 2021, ProBit Exchange is the sole platform offering an SHR to fiat currency pair (SHR/KRW). For more details on purchasing cryptocurrencies with a credit or debit card, click here.
As of January 2021, ProBit Exchange is the sole platform offering an SHR to fiat currency pair (SHR/KRW). For more details on purchasing cryptocurrencies with a credit or debit card, click here.
