The World’s First Cryptocurrency-Generating E-Bike
Get ready to pedal into the future with an electric bike that does more than just get you from A to B; it also cranks out cryptocurrency! UK-based 50cycles is set to launch its innovative TOBA range this August, in collaboration with customer loyalty token, LoyalCoin.
How Does It Work?
Picture this: You hop on your new e-bike, zoom around town, and for every thousand miles you ride, you earn LoyalCoins worth £20 (or about $26.50). That’s right, folks, you’re no longer just burning calories – you’re also churning out some digital dough!
Details About the TOBA Range
The TOBA electric bikes are not just any ordinary rides. With a price tag starting at £1695 ($2250), they demand a little investment upfront. However, if the idea of earning cryptocurrency while cycling excites you, it might just be worth the splurge. 50cycles CEO, Scott Snaith, emphasizes that this is the “first product ever to be tokenized and which issues reward for use.” Talk about a game changer!
Trading & Tokenization
Now, hold onto your helmets; these LoyalCoins are not just for show. The tokens are tradeable across different loyalty schemes, meaning you can swap them for various products—making the cycling experience even more rewarding. Imagine using the coins you earned while riding your bike to snag a sweet deal on your next set of tires!
The Bigger Picture: Blockchain Loyalty Schemes
This shift towards cryptocurrency and blockchain-based loyalty programs is more than just a trend. Developers are taking notice of the mismatched loyalty schemes in multiple industries and are looking to create seamless, integrated solutions. So, who knew riding a bike could potentially make you a crypto tycoon?
Final Thoughts
For all you avid cyclists and crypto enthusiasts, this innovative e-bike offers a tantalizing blend of both worlds. Sure, it takes effort to log those miles, but think about it: the more you ride, the more you earn. Just don’t forget to balance out your love for cycling with your love for the sofa!
