Crypto Exchange DX.Exchange Adds Support For ShareRing’s Utility Token

Announcements, News | February 18, 2019 By:

Global sharing marketplace ShareRing has announced that its utility token will be listed on the DX.Exchange, representing the first live trading platform that ShareRing has listed on to date.

ShareRing is an on-demand, two-sided marketplace that brings together sharing services across all industries and geographies, with share economy users who can securely access, connect and pay for these services anywhere in the world. The platform’s utility token, ShareToken (SHR), drives sharing transactions to be written to the ShareRing ledger, the second token, SharePay (SHRP), acts as the currency for sharing services. By going with a two-token strategy, no knowledge of blockchain/crypto is necessary to utilize the ShareRing ecosystem.

DX.Exchange, an EU regulated crypto exchange, allows institutions and individuals to purchase cryptocurrencies with fiat, trade cryptocurrencies and convert crypto back to fiat. Starting today, DX.Exchange will support trading of ShareToken.

“ShareRing’s token, backed by their blockchain powered marketplace for the $300bn sharing and rental economies, is a great addition to our crypto index,” said Daniel Skowronski, CEO of DX.Exchange. “We will only list tokens that we believe in on our exchange, and we are happy to add SHR that shows such great promise.”

As part of its listing, ShareRing will be running two competitions, including an airdrop and a masternode giveaway. The airdrop, which will run through DX.Exchange for three weeks, includes 10 million tokens to DX’s top 25K cash token holders. The masternode giveaway will run until April 30 and involves the giveaway of a masternode, fully loaded with tokens ($40K). For every day the holder keeps their tokens, they receive one entry into the competition. If they hold for the whole 40 days, they receive 40 entries. The winner is the holder who has the most amount of entries on the last day.

“We are thrilled to be working with an exchange that takes a serious approach to regulations and advanced trading features, and are confident in the potential of DX.Exchange to become a top five exchange,” said Tim Boss, co-founder and CEO of ShareRing.