Binance has announced the launch of the SHARE token, a new addition to its Alpha platform. The project, ShareX, seeks to integrate real-world devices from the sharing economy into the blockchain ecosystem.
The project's focus is on creating verifiable settlements and Web3 consumer finance solutions. It involves putting devices such as power banks, vending machines, unmanned cabinets, and shared charging stations onto the blockchain.
As part of its Alpha session, Binance is offering 40 airdrops to participants, with a threshold of 230 tokens reducing by 5 every 5 minutes.
The tokenomics of SHARE include an initial supply of 100 million tokens, with 15.95% (approximately 15.95 million) initially circulated. The funding details are not extensively disclosed.