Review on ShareToken by Fanuel PORPORTY
The world’s first trusted token for sharing services. One way to pay for sharing everything, no matter what it is or where you are.
ShareRing is an on-demand platform that centralizes the highly fragmented sharing economy by bringing together sharing services across all industries and geographies. Using our decentralized marketplace, users can securely access, connect, and pay for services anywhere in the world. We’re developing an ecosystem that is essentially the Amazon for the sharing economy.
ShareToken (SHR) will function as the digital utility token that drives sharing transactions to be written to the ShareRing ledger while SharePay (SHRP) will act as the currency in the ShareLedger blockchain. By going with a two-token strategy, no knowledge of blockchain/crypto is necessary to utilize the ShareRing ecosystem. ShareToken contributors will also have the chance to stake their tokens in a leased proof-of-stake model, allowing individuals to pool for a full node with 50% of the total transaction fees paid to node holders.
Pros
- Ongoing mechanisms for creating a strong and growing network of providers and users
- Quick and easy ‘sharing’ transaction validation.
- Additional attributes may be added to an account, such as ID confirmation, rental history, asset ownership, etc.
- SharePay (SHRP) is used by customers to pay for the rental of assets. ShareToken (SHR) is used by providers to pay for their access to the ShareLedger blockchain, including the addition of assets, renting out of assets, adding attributes, adding smart contracts, and other features.
- Earn additional tokens by hosting a node.
Cons
- None
