Singapore, 26 December 2017 — In a world’ first of its kind, users will soon be able to get more out of their oBike rides in addition to keeping fit and burning calories. Thanks to a new partnership announced by─oBike, Singapore’s first homegrown and biggest bikesharing operator, and TRON, a world-leading blockchain-based decentralised protocol─oBike users will be able to generate and earn oCoins whenever they take an oBike ride.

As part of this new partnership which will officially launch in first quarter of 2018, oBike will introduce its very own cryptocurrency called oCoins, which is based on the TRON protocol. oCoins will form the backbone of oBike’s new rewards and credit points system, thus enabling oBike users to pay for their rides as well as top up their oBike wallets using oCoins. Users will generate ocoins whenever they ride on oBike. The longer they ride, the more oCoins they earn. Ocoins can also be used to purchase online content consumption, or on any applications that are on TRON’s platform including Peiwo, a leading audio content community, and Uplive, a popular live streaming app.

TRON is a protocol which enables each content creator to freely publish, store and own data, thus forming a decentralized online content entertainment ecosystem. Its cryptocurrency called TRONIX, or TRX for short, is ranked number 18 worldwide in the list of cryptocurrencies. TRON’s founder, Justin Sun, is the former Chief Representative of Ripple in Greater China and the CEO of Peiwo. At the tender age of 26, Justin has already made the Forbes 30 under 30 list twice .

“We are thrilled to announce our partnership with TRON, a leading decentralised online content entertainment system,” said Mr Edward Chen, Co-founder and Chief Marketing Officer of oBike. “The collaboration with TRON will enable oBike users to generate and earn oCoins, which can then be used on apps and online content purchases. As a tech company, we are dedicated to bringing better value and benefits to our users through constant innovation and mutually beneficial partnerships. We are confident that the introduction of oCoins, will be an attractive proposition for users to continue riding oBike in more ways than one,” Mr Chen added.

Mr Justin Sun commented, “We are excited to announce our partnership with oBike. oBike is one of the largest bikesharing economy companies active in 20 countries across Europe, Asia and Australia with 10 million users. We are certain that the TRON ecosystem will appeal to oBike users with its widespread popularity. We look forward to a fruitful partnership!”

TRX has a market capacity of $2.6 billion and is currently trading at $0.04.

About oBike

oBike is Southeast Asia’s largest bike-sharing company, which uses technology to change how transportation is viewed in Asia. It aims to bring convenience to its users — especially during one-way first- and last-mile commuting — via bicycles located all over the cities they operate in.

oBike first launched in Singapore as the country’s first station-less smart bike-sharing operator, and has since expanded to over 30 cities in 10 countries worldwide in under a year. The company has made cycling a convenient, fun and environmentally-friendly commute option to more than 2 million users across Southeast Asia alone.

For more details, please visit https://o.bike/. The oBike App is currently available on the App Store and Google Play.

About TRON

TRON is a world-leading blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.

The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.

The key features of TRON: Decentralized Trustworthy Application; Smart Contracts Empowered by Blockchain; Digital Values issued and obtained by everyone.

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