TRON and Obike partner to launch sharing bike app

TRON project announced partnership with Obike bicycle system which will launch sharing bike application and Ocoin based on TRON
25 December 2017   3310

Justin Sun, the founder of TRON, a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology, has announced partnership with Obike on December 24.

Obike is Singapore's first homegrown stationless bicycle-sharing system with operations in several countries. The bikes have a built-in Bluetooth lock and can be left anywhere at the end of a journey, not just at a docking station.

As Justin Sun stated in his twitter account, Obike is one of the largest sharing economy companies active in 20 countries across Europe, Asia and Australia with 10 million users, and Obike is going to launch sharing bike application and Ocoin based on the network of TRON.

Moreover, with this partnership, TRON network will have 40 million users when it is on live, including Peiwo 10 million, Gifto live 20 million and Obike 10 million.

At the moment of press, these are the main market parameters of TRON:

  • Average Price: $0,03
  • Market Cap: $2 461 822 721
  • 24h Volume: $230 144 000

Previously, we have reported that TRON price surged due to smart contract and open source release, and 4 days ago TRON gained over 200% in a week.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   100

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.


Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.