The UK bicycle manufacturer has manufactured 50 bikes, the world's first electronic bike capable of generating digital coins.
The company has developed 50 motorcycles, a bicycle manufacturer in the UK, and is the world's first electronic bike capable of earning cryptocurrency. Although it is, the idea itself is very innovative.
The bike called the Toba will be able to generate LoyalCoin at a rate of approximately £ 20 per 1,000 miles. Once you have enough Toba coins, you can either trade them in Bitcoin, Zen, Litecoin or Digibytes, or exchange them at any store that accepts cryptocurrency. Cyclists will be able to monitor tokens generated using a smartphone app.
Each turnover will earn you a Toba wheel, tokens that can be used to buy products from 50 motorcycles at a discount. It's mainly stimulating cycling.
Toba bikes will have their own digital currency which will become one of thousands of coins in the future, and Toba will allow passengers to become an integral part of the growth you know.
There is one issue to think about, people will find ways to trick the game. I can imagine someone disassembling the bike and turning it in a car, for example, or finding a way to make the wheels spin constantly. Someone will inevitably find a way to exploit the system, so it is clear that security measures must be put in place.
The Toba will be launched in the UK in September.