## What Is ShareToken (SHR)?

ShareToken is a digital utility token that is used to make payments for sharing services across industries and geographies on the ShareRing platform — which includes the ShareRing application, ShareRing shop and each user’s ShareRing ID. 

ShareRing is an open-source [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain)-based platform that makes use of distributed ledger technology and a dual token mechanism. 

According to the developers and founders of the ShareRing platform, the current service sharing economy is incredibly fragmented and multi-faceted, which can be overwhelming for consumers. The use of ShareToken on the ShareRing platform overcomes this issue by offering a single decentralized marketplace and digital currency that lets you securely access services around the world and pay for them. 

In 2019, the creators of the platform and its corresponding digital currency turned their focus to the travel industry and created TravelRing — the first B2B consumer-first example of what is possible using the ShareRing platform.

Besides being used to pay for transaction fees on the ShareRing network, SHR tokens can also be [staked](https://coinmarketcap.com/alexandria/glossary/staking) to earn rewards, known as flowbacks. 


### Who Are the Founders of ShareToken?

ShareRing (and by extension the ShareToken) was co-founded by six individuals: Tim Bos, Rohan Le Page, Peter David, Neville Christie, Jane Sadler-Kidd and Barry Brewster.

Bos, David, Christie, Sadler-Kid and Brewster were already working on developing a car-sharing and rental technology provision solution long before ShareToken and ShareRing came into existence. They were already experimenting with making shared services more accessible. The creation of this white-label car-sharing solution called Keaz meant that the founders had familiarized themselves with what was needed to help consumers take advantage of specialist software for car-pooling, ride-hailing, and vehicle rentals.

Rohan Le Page, on the other hand, has an extensive history in the automotive industry, and served as ShareRing's chief operating officer until June 2020. 

The rest of the ShareRing team hails from a wide range of disciplines and includes a mix of developers, engineers, designers, marketing experts and more.


#### What Makes ShareToken Unique?

ShareRing was one of the first platforms to implement an innovative dual token mechanism—these tokens are ShareToken (SHR) and SharePay (SHRP).  

ShareToken is the utility currency that is used in the ShareRing ecosystem. Meanwhile, SharePay is a stablecoin that is used to make payments for sharing services through the ShareRing platform. 

SHRP is used as payment for goods and services between the user and the service provider. The use of SharePay effectively minimizes the cryptocurrency-related complexity on the platform, reducing the number of friction points for inexperienced cryptocurrency users. 

Meanwhile, ShareToken is used to power the ShareRing ecosystem and decentralized ledger, since service providers need to use SHP tokens to pay their transaction fees. 

Both digital currencies work in concert to allow consumers to make the most of the ShareRing platform. The founders of the platform want ShareRing to be the “amazon of the service industry,” that is, a one-stop solution for accommodation, transport and miscellaneous activity services where there is no middleman and therefore no additional costs. 


#### Related Pages:

Check out [Travala.com (AVA)](https://coinmarketcap.com/currencies/travala/) — a cryptocurrency-powered travel booking platform. \


Learn more about [Ethereum (ETH)](https://coinmarketcap.com/currencies/ethereum/) — the blockchain that ShareRing is built on.

Want to brush up on your crypto knowledge? Check out [CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/).

Read to the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog) to stay up to date with the latest industry news and events.


#### How Many ShareToken (SHR) Coins Are There in Circulation?

As of January 2021, there are 2.12 billion ShareTokens in circulation. This is out of a maximum possible supply of 4.4 billion SHR. 

When the ShareToken first launched in late 2019, it had an initial circulating supply of 1.97 billion tokens. According to the ShareRing website, the initial supply of SHR was segmented as follows: 



*   Cornerstone investors - 31%
*   Private Equity Investors/Institutional Investors - 1%
*   ICO - 11%
*   Core team - 11%
*   Airdrop - 1%
*   Operations (frozen tokens) - 45%

All team members have agreed to lock up their tokens, and now require approval from the ShareRing board if they wish to sell more than 10% of their SHR.


### How Is the ShareToken Network Secured?

The ShareToken was initially launched as an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token on the Ethereum blockchain, but migrated to the BEP2 standard in July 2019, with the launch of ShareToken on [Binance](https://coinmarketcap.com/exchanges/binance/) Chain. 

As a BEP2 token, ShareToken is secured by the underlying Binance Chain, which uses a Tendermint [BFT](https://coinmarketcap.com/alexandria/glossary/byzantine-fault-tolerance-bft) and delegated proof-of-stake ([dPOS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)) [consensus mechanisms](https://coinmarketcap.com/alexandria/glossary/consensus) to protect it against a range of [attacks](https://coinmarketcap.com/alexandria/glossary/51-attack). 


### Where Can You Buy ShareToken (SHR)?

ShareToken is a moderately [liquid](https://coinmarketcap.com/alexandria/glossary/liquidity) token that is available to trade on almost a dozen exchange platforms. Centralized exchange options include Bilaxy, KuCoin, Bithumb Global, whereas decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) options include [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/) (ERC-20 SHR only) and the Binance DEX.

As of January 2021, ProBit Exchange is the only platform with an SHR to fiat trading pair (SHR/KRW). Read more about buying cryptocurrencies with your credit or debit card [here](https://coinmarketcap.com/how-to-buy-bitcoin/). 

ShareToken

Trust Wallet

MetaMask

Binance Chain Wallet

BNB Beacon Chain (BEP2)

FTX Token

Bitcoin BEP2

WazirX

Contentos

TROY

Oxen

Ormeus Ecosystem

Mithril

Atlas Protocol

GoWithMi

Aeron

MultiVAC

Nimiq is designed to make cryptocurrencies easy to use for everyone without compromising decentralization. Nimiq is the only blockchain where users always participate directly by default. In comparison to the likes of Bitcoin and Ethereum where the default is to use a third-party node to connect to the network. Learn more: https://youtu.be/dA40oyDVtqs

Team Nimiq invented Nimiq OASIS, the DeFi crypto-fiat bridge! Atomic swaps between crypto like NIM and BTC (ETH coming soon) and fiat currencies like EUR (USD next) with no personal information are now possible. Earned swap fees are converted to NIM and held to create scarcity. See how it works: https://youtu.be/Spp_Be4dHaM

Nimiq created Albatross, a new, super fast Proof-of-Stake consensus algorithm that will launch with Nimiq 2.0, the next version of the Nimiq Blockchain. We expect ~1000 TPS and finality in one second, pushing Nimiq 2.0 to the theoretical limits of single chain blockchain protocols. Energy consumption will also be reduced to less than 1% (compared to current Nimiq POW) with this upgrade. Try out the demo: https://www.nimiq.com/albatross/

Nimiq’s “super-halving” coming soon! The transition to Nimiq 2.0 will reduce the emission rate from currently ~3000 NIM to only ~525 NIM per minute. Calculate your rewards using the Staking Calculator: https://www.nimiq.com/staking-calculator/

Join the friendly Nimiq Community to ask questions and learn more: https://www.nimiq.com/community/

Nimiq

Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.

Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

REEF is the native token that is used for:

Fees for processing transactions and storing data.

Running validator nodes by staking REEF tokens.

Nominating which validator nodes should be part of the network.

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

Reef command line tools that allow developers deploy applications from local environments.

Reef wallet for accessing and interacting with the blockchain

Reef

HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support. Apart from realizing a two-way currency flow within physical and virtual worlds, Highstreet (HIGH) introduces a market where in-game items can be redeemed for real-life products. During gameplay, users have an opportunity to explore the metaverse, fight monsters and complete quests all the while acquiring goods that have both digital and real-world utility.

The project aims to define the new generation of retail and offers an effortless, secure and entertaining way of making online purchases.

Apart from HIGH, the game features a utility token STREET, acquired through completing various tasks in the game. While HIGH is considered a governance heavy token, giving gamers an opportunity to vote on major decisions on the platform, profit through stacking and buy products on the marketplace, STREET serves as the primary currency facilitating the commerce in the game and can be used to buy armor, weapons, heals, travel tickets and hotel stays. HIGH is paid to owners of properties in taxes and is also obtainable through participation in metaverse’s special events.

As stated in the official sources, the token first went live in October 2021. The company’s twitter feed reports that the game is currently as of November 2021 in private alpha testing with the public beta testing coming towards the end of the year. Highstreet market is already accessible to users via browser.

Highstreet

v.systems

Safe Haven

GoChain

KardiaChain is a blockchain platform that aims to be fully interoperable and "non-invasive," meaning that blockchains can connect to the network without needing to make technical modifications to their own protocols. KardiaChain uses a dual-node structure to facilitate the connection between its own ledger and other blockchains, sharding for scalability and smart contracts for developers.

The platform relies on a native token, KAI, which is used for staking, transaction fees, participating in services and deploying smart contracts.

KardiaChain was first announced in October 2018, and its mainnet went live in December 2020.

KardiaChain

Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing — something much needed in decentralized finance today. It is anticipated that a ticker symbol change will occur alongside future iterations on the Hifi Lending Protocol.

Mainframe Token (MFT) is the native utility token that is used for:

Governance votes

Staking to ensure the safety of the protocol

Rewarding contributors to the ecosystem

What can you do with the Hifi Lending Protocol:

Borrow:  Lock collateral in a vault to mint fixed-rate, fixed-term debt tokens.  These debt tokens can be swapped for instant liquidity allowing users to leverage long, yield farm, or pursue other strategic trades without selling their collateral tokens.

Lend:  Buy fixed-rate, fixed-term debt tokens for a discount.  When the term expires they can be redeemed for face value, earning lenders a predictable return on their investment.

Provide Liquidity:  Earn trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).

Mainframe

The Suterusu Protocol is a second-layer private payment infrastructure for smart contract platforms. The Suterusu Protocol uses the original and most advanced ZK-ConSnark algorithm that does not require a trusted setup. The algorithm’s proof size is significantly reduced and the proof generation and verification efficiency are greatly improved compared with similar solutions. Since no trusted setup is required, it is safe and transparent. The technical paper has been accepted by Eurocrypt 2021(https://eurocrypt.iacr.org/2021/acceptedpapers.php, https://eprint.iacr.org/2021/540). The Suterusu Protocol has been deployed on Ethereum, Binance Smart Chain, Heco, SmartBCH (BCH sidechain), Theta, etc. We plan to deploy Suterusu protocol on the following smart contract platforms including Near, Solana, Avalanche, Moonbeam, Plasma, Matic, etc. It is also the first privacy project funded by the official Cypherpunk Guild Fund of Near. We are also applying for the Solana and Polkadot ecosystem grant. The Suterusu Protocol intends to build a private payment infrastructure for any cryptocurrency. The Suterusu project has received investment from well-known institutions such as Dialectic (a fund founded by the former Polychain partner Ryan Zurr), Fundamental Labs, FBG, Continue Capital, DeFi Alliance, and other well-known institutions.

suterusu

Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.

SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.

It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed. Purchasing SLP on the open market is a way for gamers to get a headstart.

Smooth Love Potion

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

Chiliz

Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between all blockchains. Its AEAs (Autonomous Economic Agents) empower developers to build composable, use-case-specific applications that can execute on any data from any chain.

Synternet

Klever

Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains. Although Wanchain facilitates transactions between blockchains, it is also a stand-alone blockchain that runs autonomously. The protocol acts as a distributed ledger that processes and maintains records of cross-chain transactions.

Transactions on Wanchain do not only occur between different public blockchains but between private chains as well. As an Ethereum (ETH) fork, Wanchain enjoys some of the properties of the Ethereum blockchain. The protocol securely and autonomously processes applications via smart contracts.  The use cases for Wanchain include decentralized exchanges (DEXs), lending and borrowing platforms, stablecoins, crowdfunding, multi-currency payments and settlements.

The platform is totally decentralized and requires no custodian party to manage or confirm transactions. Unlike other cross-chain systems, Wanchain does not rely on a third-party platform to authenticate transactions. The locked account mechanism is used to secure and manage accounts on the network, eliminating third-party interferences.

Wanchain

Origin Protocol develops web3 technologies with the intention of bringing non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The protocol’s unique tooling and diverse partnerships help in realizing these goals. Origin Protocol has two flagship products: Origin Story (governed by OGN), and Origin Dollar (governed by OGV).

Origin Story is a white label NFT marketplace solution that works with disrupters in various sectors by leveraging non-fungible tokens. The platform hosts NFT marketplaces and tooling in various industries, including the real estate, profile picture, music, art and entertainment industries.

Some of Origin Story’s partners include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Story Marketplaces seek to cast a wide net in various industries being impacted by NFTs, rather than focusing on any one area in particular. Investors may see OGN as the ‘picks and shovels’ approach to investing in NFTs.

Origin Protocol

TE-FOOD

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards.

The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases.