The newest cryptocurrency in the market oCoin, which was introduced by oBike in partnership with TRON, is now available for its inaugural token sale.
The token sale is only open to institutional investors for now, with a total of four billion oCoins for sale. This was announced today by ODYSSEY, the oCoin foundation.
ODYSSEY is a not-for-profit foundation that leverages on blockchain technology. It aims to establish oCoin, its official token and the basic unit of accounts in ODYSSEY’S blockchain, as an acceptable mode of payment globally without the need for central bodies or third parties. Foundation members include key founding and executive members from global leading transportation sharing companies.
oCoin, which is based on the Ethereum protocol, currently accepts only ETH, Ethereum’s cryptocurrency token. Hence, all participants’ wallets must be ETH ERC20 compatible to purchase oCoins. It has plans to support TRX, TRON’s cryptocurrency token in the near future.
oBike has become the first application of the sharing economy to be compatible with the ODYSSEY protocol. As part of its strategic partnership, ODYSSEY will work closely with TRON on cross-ecosystem collaborations which will benefit ODYSSEY’s sub-ecosystem like oBike.
In addition to the potential and exponential growth in value, investors of oCoins, can also use them to purchase online content, or on any applications that are on TRON’s platform. oBike users will be able to use oCoins to pay for their rides as well as top up their oBike wallets using oCoins. oBike users can also look forward to generating oCoins whenever they ride, with the ability to earn more oCoins the longer they ride.