Cryptocurrency has brought several innovations in the Technology sector and gave many chances to general people to use that technology for some crypto based rewards. Until now, we have mostly heard about earning rewards by doing something online but now the situation is gonna change.
World's first crypto integrated E-Bike would earn its rider around $26 in cryptocurrency for 1600 kilometers ride.
This has been accomplished by a UK-based Cycling merchant. 50cycles will be launching these E-bikes somewhere around in August in partnership with LoyalCoin. The bike will be named TOBA.
As per 50Cycles CEO, Scott Snaith:
“This is not only the first electric bike of its kind, but it will also be the first product ever to be tokenized and which issues reward for use,”
By using this bike, the riders will generate cryptocurrencies of worth $26 by riding approximately 1609 kilometers. The crypto generated by the e-bikes will be tradable as well as transferable on Loyal coin platform.
The upcoming e-bike will cost around $2250. So, people will have to invest $2250 initially to reap the benefits later. But one thing is certain that this project is unlike any other crypto project we have ever seen.
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