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.
Attention. There is a risk that unverified members are not actually members of the team
This is a platform that provides sharing services enabling the users to share their things with other easily and receive payments for everything shared no matter what it is or where they are.
The project promotes the users to easily share their content and get rewards irrespective of their location making the project viable and I would invest in it.
SummaryThe potential of ShareRing can be huge, areas for potential application can vary vastly, from using it for transport such as renting a car for a few days to agriculture where you can share someones garden. Having a blockchain entity builds trust throughout ShareRings concept emphasising accountability, eliminating transaction fees provides an ease to the user and sharer. Given ShareRings execution in developing the app and by keeping it quick, easy and simple to use we think ShareRing will be a huge hit and very successful in the coming years.Positives Eliminates unnecessary exchange rate or international transaction fees – uses its own token system which can be bought from your native currency. Transactions are secure – Blockchain system provides a safe and secure transaction system that is unable to be tampered with so everything is accountable. Encourages flexibility in everyday life – If its car share to work or needing your pets to be fed whilst your away, ShareRing can provide with another user to share anything. Negatives The app is still yet to be developed: Once the app is designed and ready for usage then ShareRing can be used to full effect.
ShareRing looks to be a legit cryptocurrency-based sharing platform, based on blockchain technology. It’s a new company and has a real-team who can be seen on LinkedIn and their other social media platforms. If you want to get involved with a real cryptocurrency, then ShareRing is looking like the real deal for investors who want to make some cash in the next upcoming months. You can learn more about the platform at ShareRing.net – where the whitepaper is available and all the team member bios.
Among advantages of the project we’d name huge sharing economy industry, its potential growth, and a vacant niche of a company that would combine and unify the current differentiated sharing services around the world. The team itself and the desire of the top management to invest token funds into the project development and engaging entrepreneurs into this process are also strong points of the project. Considering possible challenges we see a lack of marketing, hype, and partnerships, the components that seem necessary and critical for the project success.There is a good chance that ShareRing will become the first global decentralized platform for sharing the entire spectrum of services or things – transport, real estate, finance, assets, food, agriculture, etc.
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