In September, Toba will go on sale: the electric bicycle of the British company 50Cycles, capable of extracting LoyalCoin (LYL) while it is on the move, which can be spent in certain stores, exchanged for another crypto currency or pay for the company's products.
The reward for every 1600 km will be £ 20 ($ 26.56). The simplest model of such a bicycle will cost £ 1695 (about $ 2000). Monitoring of the mining will be carried out using a special program installed on the smartphone, and private keys that confirm the ownership of coins will be stored in the device on the vehicle itself.
According to the head of 50Cycles Scott Snaith, Toba is not only the first electric bike of its kind, but also the first tokenized product that will reward users.