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   2223

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.

Australian Company to Issues Crypto Backed Loans

In case of default, financial company named Helio may sell cryptocurrency to cover losses
10 December 2018   89

Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports.

The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets. At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple.

Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses.

Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As stated by the company's founder, John O’Shy, Helio was the first licensed organization in Australia to launch this service. According to him, the country has a developed cryptocurrency market, however, suppliers who want to provide loans secured by digital assets are not enough.

In June, the Japanese corporation Abic Corporation began to issue loans secured with Bitcoin