Quote from: dave773 on February 19, 2018, 10:14:50 AM

Reposting these questions and answers from one of the founders in the telegram.

Is there a strategy in place to attract specific countries first?
Will Keaz be using the SHR token on launch?
Just to clarify, people list their car or whatever on the ShareRing app and people will then share through that?
Will users only interact with fiat currency on the app but in the background it would buy the token?

1. We have a multi-prong strategy in place. We will obviously cherry pick a number of existing providers and start-ups where Keaz already has a presence, but we are also planning on utilising some contributor data to see where the 'hot locations' are in terms of people that have contributed to the token sale. This will give us some targetted locations to run events, pitch-fests, etc to bring startups into the ShareRing network. On top of that, we have done some extensive market research on what sharing services are popular in various locations around the world... we will utilise that too. You'll start seeing the results of these efforts soon, as we announce our pilot partners (large and small partners)

2. Keaz will be using SHR token for a number of their existing clients.

3. Part of our plan is to essentially 'hide' the confusion of cryptocurrency from the end user. As others have said, it's almost like SHRP is a voucher system, where they buy vouchers and use them for services. Or they earn those vouchers for renting out their things. By taking away the fear of 'crypto', it makes our service far more user friendly (and also quiet seamless in terms of onboarding new users)

4. Your final point is correct... with one correction. The users would be using the ShareRing app, but the transaction would be via a provider on the ShareRing network. So if someone wants to rent out a wedding dress in Las Vegas, there will have to be a 'wedding dress sharing' provider onboard in Vegas. We do this so that the providers can specialise in their particular area (ie marketing, product selection, etc), while we (the ShareRing platform) can generalise across all areas and geographies.

Why is SharePay needed, if it's going to be pegged to fiat anyways? Right now, I see the user interface something like: put in your credit card info, you see the price of everything in SharePay (maybe with equivalent in dollars/other currency for convience), you pay in SharePay, of which the equivalent gets deducted from your credit card. Or smth like this... But yeah, why is SharePay needed? Is there need to be the link between a token and a token, so SharePay and ShareToken?

1. By introducing SHRP, our users can avoid FX and transaction fees once they're in the network.

2. By having SHRP, we can run promotions that allow us to give away SHRP or discount it for the first xx buyers. That's something that we can't easily do if we use fiat across all currencies.

3. As part of the smart contract, we can lock up/escrow SHRP during a rental. This is something that's difficult to do with credit cards when dealing with them globally.

4. When a provider/user earns SHRP, it's far easier to credit their account instantly, as opposed to sending to a bank account somewhere in the world (with up to $30 in transfer fees).

5. We can support micro payments. If you try to do that with credit card, the fee will be higher than the payment.

The list goes on.

We will be writing a paper that's dedicated to the economy of SHRP in the near future. We have some exciting things planned in that area.

Very excited about this project. I will carry ShareRing signature to support this as soon as it's available Grin