The World’s First Self-Service Cryptocurrency Mining Scooter Is Born — U.B. Group Launches HAWK
E-scooter sharing is now becoming the new trend of the shared mobility industry after car sharing and bike sharing. Companies like Lime and Bird have brought this new mode of transportation to all over North America.
This trend has become increasingly popular due to the availability of generous funding and to top industry players like Google, Uber, and Lyft joining the club. In just over one year, Bird has become one of the “unicorn” companies, making them the fastest startup ever to reach a $1 billion valuation. For comparison, Lyft and Mobike took around two years to join this rank.
Without a doubt, shared e-scooter platforms have a huge market opportunity to solve the ‘last mile problem’. Although companies like Bird and Lime have a first-mover advantage, there is still no dominant company in the e-scooter sharing field. However, we do see a lot of companies entering this market, from small startups to giant sharing companies like Uber and Lyft who have launched their own e-scooter platforms.
HAWK: a win-win financial model
Hawk, an e-scooter sharing platform is the latest addition in U.B. Group’s range of products. You may be curious, how much opportunity does Hawk have at the time, and what are its competitive advantages?
Even with battery, a Hawk e-scooter weighs only 13.5kg; it can be used up to a maximum speed of 25 km/h. Hawk users can unlock the scooters by scanning the QR code for $1, followed by a cost of $0.15/min. More importantly, if you become a partner of Hawk and have your own fleet of Hawk e-scooters, all the revenue generated from your HAWK goes to you directly. This is unlike other e-scooter-sharing providers such as Bird and Lime.
According to U.B. Group, one Hawk scooter is priced at $1200 USD (which needs to be paid in ETH). The U.B. Group will convert the $1200 USD to ETH using the real-time exchange rate on coinmarketcap.com at time of purchase.
“When you purchase more than 100 HAWKs, you become a city partner. City partners will have a discount based on the quantity ordered: 10% off for 100 units or more, 15% off for 300 units or more, and 20% off for 500 units or more.”
The reason why U.B. Group adopts the new digital currency revenue model is that HAWK is connected to innovative blockchain technology; it is the first dApp of UChain. Access to UChain’s distributed network enables the sharing of the world’s massive data resources from the sharing economy, while Hawk owners can gain profits having other users ride their scooters.
HAWK is a sharing-scooter with cryptocurrency mining function. It can mine the virtual currency HKC, which will be based on a daily profit. “These HKC tokens can be used for ride payments, secondary market transactions, UChain smart mall shopping, UChain DEX exchange, and car purchases in the future” Ian Yu added.
He also gave us a calculation. “Each HAWK can generate around $20–25 USD in revenue if it is used 8 to 10 times a day. on a daily basis, 2000 HKC can be mined per scooter. Therefore, we estimate that the purchase cost can be recovered in 40 days.”
It is worth mentioning that HAWK is not the earliest shared project in U.B. Group’s sharing ecosystem that is incorporating blockchain technology. As early as the beginning of this year, they have conducted trial opertions with
U-bicycle’s bike-sharing platform in North America. Many users who have used the service commented that combining sharing bicycles with blockchain technology not only brings more convenience to people’s lives, but also a healthy ecosystem of mutual benefit and trust.
“This is the real value sharing!” said one user cheerfully.
E-scooter sharing: the tip of the iceberg of U.B. Group products?
The reason for the entry of blockchain technology + e-scooter sharing from the bike-sharing in North America is Ian Yu’s decision after years of industry observation and careful consideration.
As we all know, Europe and the United States are the early birthplaces of automobiles; however, with severe pollution from automobiles, environmental preservation is increasingly advocated by people. In the United States for example, data shows that the proportion of Americans holding driver licenses has fallen sharply over the past few decades, especially among young people. In 1983, more than 91% of young Americans aged 20–24 had driver’s license, compared to 2014, where the numer has fallen to 77%.
“E-scooters are a part of eco-friendly modes of travel. Secondly, they also make up for the large weakness of the bike-sharing services, which is the difficulty to meet the needs of users for convenient, fast and medium-distance travel.” Ian Yu said.
Although there currently are many bike-sharing projects, they still do not solve the shortcomings of the current sharing economy: uneven distribution of value benefits amongst users, the credit system hasn’t been able to catch on and become popular, and lack of private data security.
Ian Yu believes that “the e-scooter sharing platforms that incorporate blockchain technology can upload data to the blockchain and give it value. Consumers get rewards by using the e-scooters, and through the use of blockchain technology this value will be expanded and distributed accross the sharing economy participants. Secondly, because of the blockchain decentralization, information cannot be falsified, the threshold for sharing idle resources can be lowered and a better trust mechanism can be established which enables more people to participate sharing their personal idle resources and also protect the security of their private data.”
In the future of the competitive industry of shared travel, the user’s brand loyalty, product convenience, operational efficiency and service experience are the key points to focus on, and the e-scooter sharing platform by U.B. Group can do great things in these three aspects.
But the goal of U.B. Group goes way beyond that. In the product range of U.B. Group, e-scooter-sharing is only one of them. Ian Yu told us that “U.B. Group focuses on a new ecosystem for the entire sharing economy.” Currently, in addition to bike-sharing and e-scooter sharing, U.B. Group has done a variety of layouts proposed for the smart sharing economy, which will have corresponding blockchain applications + a series of solutions for different scenarios, different fields, and different countries.
- Visit the official Hawk website for more info
- Join the Hawk Telegram community
Social media:
Hawk Twitter
Hawk Instagram
Hawk Facebook
Hawk Linkedin
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