To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Starbucks is not accepting Bitcoin, but builds an exchange

It will generally allow the crushed and boiled crypto investments to be converted to the crushed an...



Fans of cycling will be easier to obtain crypto currency



Bicycles will be used for mining.



18.Jun.18 9:22 AM
By Shawn Highstraw
Photo Toinnov.com

   274

Fans of cycling will be easier to obtain crypto currency
The British company 50Cycles presented a revolutionary novelty - an electric bicycle, which allows you to obtain a crypto currency while driving. It is assumed that this development will enjoy considerable demand among cyclists and crypto-investors. It is expected that it will be possible to buy an innovative vehicle this fall.

As it became known, during the trip every owner of the electric bicycle will produce LoyalCoin (LYL). These tokens can be spent in a number of outlets, and can also be exchanged for another digital currency.

The head of 50Cycles, Scott Sneet, said that this novelty will be the world's first tokenized product, which allows users to earn this way. For every 1,6 thousand kilometers you can get a reward equivalent to 26.5 dollars. Tracking the mining process is possible, using a special program that is downloaded to the smartphone.

The cost of electric bike will be about 2 thousand dollars. Its creators believe that this vehicle has a huge potential and it will certainly find its customers.



Back to the list


Related Information: