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ShareToken (SHR) is a decentralized utility token built on the Ethereum blockchain, designed to facilitate secure and efficient transactions within the sharing economy. It serves as the native currency of the ShareRing platform, enabling users to trade assets like houses and cars, and offers features such as decentralized sharing, peer-to-peer transfers, and smart contracts. SHR aims to revolutionize the way people think about digital assets and the sharing economy, providing a unique and valuable asset for investors and users alike.
ShareToken (SHR) is a decentralized utility token built on the Ethereum blockchain, designed to facilitate transactions within the sharing economy. It serves as the native currency of the ShareRing platform, which aims to streamline the sharing of assets such as rental properties, cars, and travel experiences. SHR can be used for various purposes:
- Identity Verification: ShareToken can be used for identity verification, ensuring secure and transparent transactions within the sharing economy.
- Staking: Users can stake their SHR tokens through the ShareRing application, which allows them to earn rewards and participate in the validation process.
- Peer-to-Peer Transfers: SHR can be used for general transactions and peer-to-peer transfers, providing a secure and efficient means of exchange.
- Smart Contracts: ShareToken enables instant asset verification through smart contracts, ensuring that shared assets meet required standards such as cleanliness, availability, and authenticity.
- Sharing Economy: SHR is used as a medium of exchange within the sharing economy, allowing users to trade goods and services securely and efficiently.
Overall, ShareToken is designed to provide a secure, efficient, and transparent platform for sharing economy transactions, making it a valuable asset for individuals and businesses participating in this space.
To store ShareToken (SHR) tokens, you have several options:
Atomic Wallet: You can use the Atomic Wallet app, which supports over 1000 cryptocurrencies, including ShareToken. This wallet is available for both desktop and mobile devices and offers features like private key encryption and 24/7 online support.
Trust Wallet: Another option is to use Trust Wallet, which is supported by Binance. You can download the wallet on your mobile device or use the Chrome extension on your desktop. This wallet allows you to store and manage your ShareToken tokens securely.
ShareRing App: You can also store your ShareToken tokens directly within the ShareRing app. This app allows you to stake your tokens and manage your account balance securely.
- Cold Wallets: For long-term storage and maximum security, consider using cold wallets. These are offline wallets that can be in the form of paper wallets or hardware devices. Cold wallets are highly secure as they are not connected to the internet, reducing the risk of hacking.
Regardless of the wallet you choose, make sure to follow best practices for securing your private keys and keeping your wallet software up to date.
To buy ShareToken (SHR) tokens, you can follow these steps:
Choose a Centralized Exchange (CEX): Find a reliable CEX that supports ShareToken trading. You can refer to CoinMarketCap or CoinLore for a list of exchanges where SHR is available.
Register and Verify Your Account: Sign up on the chosen CEX's official website or app, and verify your identity. Enable two-step verification for added security.
Buy a Base Currency: Use fiat to purchase a base currency like USDT, ETH, or BNB, which can be easily traded for SHR. You can use the CEX's OTC trading service or a financial service platform like PayPal or Robinhood.
Transfer Base Currency to SHR-Supporting Exchange: If the CEX you used for the base currency does not support SHR trading, transfer the base currency to an exchange that does. Ensure the exchange supports the desired trading pair, such as SHR/USDT or SHR/ETH.
Buy ShareToken: Use your base currency to buy SHR in the spot market on the supporting exchange.
Alternatively, you can use a decentralized exchange (DEX) that supports the blockchain where your ShareToken resides. For this, you will need a crypto wallet like Trust Wallet, which can be connected to the DEX. You can then trade your base currency for SHR on the DEX.
ShareToken (SHR) is the native token of the ShareRing project, a blockchain-based platform designed to provide a decentralized worldwide marketplace for shared services. The project aims to become the "Amazon of the service industry" by allowing users to create digital identities for Web3 and access multiple platforms and metaverse projects over the internet.
Launch and TokenomicsShareToken was first launched in 2019. Initially, the token price ranged between $0.001 and $0.004 until June 2020, when it started showing an upward trend. In July 2020, it reached its first all-time high of $0.04956. The token continued to rise and drop until March 2021, when it reached a new all-time high of $0.09856. There is no maximum supply set for SHR tokens, with over half of the initial supply distributed among investors, ICO participants, and the core team, as well as through an airdrop.
Founders and TeamThe team behind ShareToken includes individuals from diverse backgrounds such as engineering, automotive, development, marketing, and design. Key team members include Tim Bos, Rohan Le Page, Peter David, Neville Christie, Jane Sadler-Kidd, and Barry Brewster. Rohan Le Page, who has a background in the automotive industry, served as the COO of ShareToken until June 2020.
Token Use CasesShareToken can be used as a payment method for creating digital IDs, staked on the ShareLedger blockchain to earn passive income, and as access passes or fees for events organized by ShareRing, including NFT spaces. Additionally, ShareToken is designed to facilitate secure and fast transactions within the sharing economy, leveraging blockchain technology to ensure transparency and trust among participants.
Key Features- Decentralized Marketplace: ShareRing aims to provide a global sharing economy ecosystem where users can safely access services offered worldwide and pay for them using a decentralized digital currency.
- Digital Identities: Users can create digital identities for Web3 and use them to access multiple platforms and metaverse projects over the internet.
- Multi-Chain Functionality: ShareRing is built to function across multiple chains, including Ethereum and Binance Smart Chain, making its native token available in both ERC-20 and BEP-20 token standards.
- Stablecoin: ShareRing also has a stablecoin called SharePay (SHRP), used to pay for sharing services or goods bought through the platform.
Overall, ShareToken is a utility token designed to revolutionize the sharing economy by providing a secure, efficient, and transparent platform for sharing goods and services.
ShareToken (SHR) is a digital utility token used for making payments on the ShareRing platform, which includes the ShareRing application, ShareRing shop, and each user’s ShareRing ID. The platform is open-source and blockchain-based, utilizing distributed ledger technology and a dual token mechanism. SHR tokens are used to securely access services worldwide and pay for them.
Staking and RewardsOne key feature of SHR is staking, which allows users to earn rewards known as flowbacks. Users can stake their SHR tokens by swapping them from their account wallet to the Ethereum blockchain through the ShareRing application. This process involves selecting a validator, entering the amount to be staked, and confirming the transaction. A 10% fee is deducted from the rewards, which goes to node holders.
User Interface and Wallet ManagementThe ShareRing application provides a user-friendly interface for managing SHR tokens. Users can fund their balance by transferring SHR from other cryptocurrency wallets. The application also allows users to view their account balance, stake their tokens, and monitor their rewards.
Market and Price PredictionsThe price of SHR is subject to market fluctuations and predictions vary widely. Some experts predict the price to reach $0.016 in 2024, while others expect it to range from $0.0005702957800166563 to $0.0213 in 2025. By 2030, the price is predicted to hit $0.016.
Technical Analysis and CommunityTechnical analysis tools, such as those provided by TradingView, can be used to analyze the real-time aggregated SHR buy-and-sell ratings. The ShareToken community is active, with discussions on platforms like Reddit, where users share their experiences and ask questions about staking and using the token.
Overall FunctionalityIn summary, ShareToken (SHR) is a cryptocurrency designed for use on the ShareRing platform, facilitating secure payments and rewards through staking. Its functionality is supported by a user-friendly application and a dynamic market with varying price predictions.
The token ShareToken (SHR) has several strengths that make it an attractive option for investors and users:
Decentralized Marketplace: ShareToken is the native token of ShareRing, a blockchain project that aims to provide a decentralized worldwide marketplace for shared services. This allows users to access services safely and pay for them using a decentralized digital currency.
Multi-Chain Functionality: ShareRing is built to function across multiple chains, including Ethereum and BSC, making ShareToken available in both ERC-20 and BEP-20 token standards.
Staking and Passive Income: ShareToken assets can be staked on the ShareLedger blockchain to earn passive income. Users can swap the ERC-20 standard SHR with the SLP3 SHR, allowing them to use their tokens elsewhere while still earning rewards.
Access Passes and Fees: ShareToken can be used as access passes or fees for various events organized by ShareRing, including NFT spaces.
Strong Technical Performance: ShareToken has received a strong short-term technical ranking of 99 from InvestorsObserver data analysis, indicating superior recent technical analysis compared to 99% of tokens.
Security and Transparency: ShareToken leverages blockchain technology to ensure secure and transparent transactions within the sharing economy, providing fast and efficient transactions across borders.
Loyalty Rewards: ShareToken holders are rewarded with loyalty points based on their participation in the ShareRing ecosystem, which can be redeemed for various benefits within the sharing economy.
Cross-Border Payments: ShareToken enables users to make cross-border payments without the need for traditional banking, making it a convenient option for international transactions.
These strengths highlight ShareToken's potential for growth and adoption in the digital currency market.
ShareToken (SHR) carries various financial risks that investors should be aware of. According to InvestorsObserver, SHR has received a high risk rating due to its potential for manipulation by limited trading activity. This assessment is based on the proprietary scoring system, which evaluates the amount of money required to move the price over a 24-hour period, considering changes in volume and market capitalization.
Additionally, the Financial Stability Board (FSB) highlights several vulnerabilities associated with crypto-asset markets, including ShareToken. These risks include increasing linkages between crypto-asset markets and the regulated financial system, liquidity mismatch, credit and operational risks, and the potential for sudden and disruptive runs on stablecoin reserves. The FSB also notes concerns about the lack of transparency and regulatory oversight in the sector.
Furthermore, investing in ShareToken involves high risks, including the possibility of losing some or all of the investment. Trading in financial instruments and/or cryptocurrencies carries inherent risks that investors should carefully consider before investing.
Overall, ShareToken's financial risks are multifaceted and require careful evaluation by investors before making investment decisions.
- Tim Bos: CEO of ShareRing, known for his AMA with Layah Heilpern on Altcoin Buzz, discussing partnerships and technology.
- Rohan Le Page: Former COO of ShareToken, with a background in the automotive industry.
- Peter David: Part of the core team, contributing diverse expertise and skill sets to the project.
- Neville Christie: Member of the team, bringing diverse expertise and skill sets to the project.
- Jane Sadler-Kidd: Part of the core team, contributing diverse expertise and skill sets to the project.
- Barry Brewster: Member of the team, bringing diverse expertise and skill sets to the project.
- Jonathon: Contact person for the ShareRing Foundation, responsible for community engagement and collaboration.
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