What Is ShareToken (SHR)?

ShareToken (SHR) is the native token within the ShareRing platform. The platform is a blockchain-powered marketplace for the sharing economy. ShareRing seeks to offer a single app that gives users access to any available asset they want to rent, borrow, share, pay, and receive compensation within a central place. ShareRing aims to unite existing sharing platforms like Uber and Airbnb into a single platform.

As per the whitepaper, there are several problems ShareRing aims to resolve. Currently, providers are primarily segmented or operate only within small local markets. The method users apply to gain the asset is uncertain and complicated. Signing up for sharing economy companies is a hassle. Also, there's the trust issue. ShareRing provides the solution to these issues and offers additional benefits like the ShareLedger blockchain. The Share ledger blockchain enables universal access to every asset attached to the ShareRing smart system. ShareRing aims to make it easy on a global level for millions of customers to access and use on-demand a wide range of assets within the fast-growing sharing economy.

ShareRing has incorporated core elements that create the smart sharing on-demand service system. These elements are:

ShareToken (SHR) token is the native token for the platform. The SHR token is issued on the Ethereum blockchain using an ERC20 token standard, and the tokens get swapped on a 1:1 basis. While ShareToken (SHR) is the platform's utility token, the second token, SharePay (SHRP), is the currency for sharing services.

History of ShareToken

The core team behind the ShareRing platform include Tim Bos, CEO, and Rohan LePage, COO. Tim is a skilled blockchain engineer and entrepreneur who has founded several sharing economies. Rohan is a competent business manager with experience in online analytics that spans many years. The maximum supply of ShareToken (SHR) is 4.4 billion tokens.