The shared economy is currently where social media was 10 years ago and this new economic model will no doubt continue to build momentum and disrupt most industries in the years to come, just as we saw with social media.
To get started in the shared economy a mobile phone and internet access are the only requirements. Over time, we’ll see a gap created between those that are actively participating in the shared economy and those that aren’t.
Garnering access to the shared economy will likely become one of the greatest global economic/social movements of the next 20 years.
Every deal is made using tokens (or SHER as we call them), and it includes a deposit to offset the risk to the renter. As a buyer you need to have enough tokens on your account to cover your share fee and a deposit. Once the deal is finished then both sides can review the goods or services provided by using the app. A smart contract will then send tokens to the seller and the buyer will get back the deposit paid. Making a review will get you extra tokens.
One way you can help create a greener planet and a brighter future for all, is to turn to the shared economy. ShareTool offers a number of environmental benefits, making the peer-to-peer marketplace the ideal place to exchange goods and services.
Using the same tools and equipment means that fewer goods will need to be produced in the first place. Aside from decreasing water and fuel consumption, the shared economy also helps people reduce the amount of other resources wasted.
The ShareTool platform will unleash new ways for companies to share assets, including large-scale items such as equipment and power tools. Sharing services will have large upsides for consumers, who now have more options for borrowing products. These services are also beneficial for product owners, who can monetize their investments in new ways.
Manufacturers are able to charge a higher price for every product they sell because consumers will be willing to pay more, thanks to their potential revenue from renting out the product and OEM.
The shared economy creates a win-win scenario.
SHER token is a utility token which will be running on the ShareTool platform. You will be able to set prices in tokens and buy sharing services from offers using SHER.
The SHER token will be issued on the Ethereum blockchain using an ERC20-compatible token standard.
SHER will be used as the currency inside the ShareTool ecosystem, supporting all aspects of the shared economy.
The shared economy is building a stronger community. As resources become more constrained and waste is seen as a resource, more cooperative platforms will help to give access to goods to those who can’t afford them, accelerate a more sustainable standard of living while reducing the environmental impact of society. ShareTool will help create the middle class again.