Cryptobike is a decentralized, Blockchain powered bike sharing platform. The service enables users to rent out bikes on per hour basis. Unlike other bike rental facilities, Cryptobike’s decentralized nature makes usage and renting of bike more secure, fast and economical. The Crypto Bike Share Token is required for renting the bike directly from the bike owner. In addition, it enables users to steer the direction of development and influence how the network evolves over time. CBS token will be used as payment method for renting the bike. In order to purchase CBS token, renter must purchase via ETH on cryptocurrencies exchanges. All token can be stored in CBS wallet which can be used to unlock the bike. In order to unlock the bike, first it first need to scan the QR code on the bike and send the token to CBS network. A unique QR code associated with that bike will be generated and renter will use it to unlock the bike. To lock the bike, simply lock and secured the bike. The 3G chip will send a request to smart contract and the deposit token will be refunded to the owner.
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