Cryptocurrency mining bicycle will be launched in UK
It is the first e-bike of the British company 50cycle that generates balances in Loyalcoin
The 50cycle company based in London announced the launch in August of this year of the first electronic bicycle that will mine in Loyalcoin through the company’s virtual store or other recognized cryptocurrencies.
The company will begin offering its TOBA vehicle network in approximately two months after a strategic partnership with Token LoyalCoin. Cycling enthusiasts will not only enjoy the speed and the environment but also the possibility of obtaining profits through the mining of Loyalcoin.
The procedure consists of generating the cryptocurrency for each one mile traveled on the bicycle to obtain an average of US $ 26.50. A modest sum but that can scale quickly according to the skills of the cyclist.
During the initial stage of the launching of the Toba bicycles the mining will be done in Loyalcoin. However, the company expects to have its own cryptocurrency in the medium term, which will integrate the clients of the brand to the commercial evolution.
As in other initiatives related to cryptocurrencies, customers will have mechanisms to monitor the mining and the portfolio of currencies earned through the innovative rewards system that 50cycle will implement.
M.Pino
Source: Crypto.Org
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