Mercedes Launching Cryptocurrency for Safe Driving

in crypto •  7 years ago 

The automaker Mercedes has launched their own cryptocurrency called Mobicoin. 

The coin will be distributed to drivers based on their safe driving.  Smooth driving and safe speeds will reward you with Mobicoins.  The amounts haven't been released yet,  at least that I am aware of.  

It is also said to be unknown whether or not you will be able to sell Mobicoins for fiat currency or other cryptos or if there will be another type of redemption process for the coins for prizes/gift cards/etc.  

I am interested to see more details unfold with this,  and whether or not it will only be for Mercedes drivers.  I am also interested to know how they will track this type of driving activity.  If there is a specific machine installed to track you,  it would seem like that would be very costly.  

This is the 2nd major car company jumping into Blockchain as of late.  BMW just partnered up with VeChain.  I think it is great to see major companies getting into Blockchain technology,  and it should definitely help with mainstream adoption. 

What do you think about this news?  Tell me in the comments.

To the moon,

@bwells

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

You have received a @GrumpyCat flag because you or someone else sent money to buy votes from an irresponsible non-GrumpyCompliant service.

@sneaky-ninja and @aksdwi are acting irresponsibly by selling votes to people on their post very close to final payout. (~99% abuse rate)

Sending money to these bots is also financially supporting for-profit spammers.

To know what voting bot to use, refer to https://steembottracker.com/ and use those that have 3.5 day or less in the "Max Age" column.
Important, The above bots have made no effort to comply for months so the votes they sell might still be targeted even if they change their Max Age to 3.5 day.

Learn more ...

WE ARE THE RESISTANCE!

@GrumpyCat

  • You are flagging innocent people and calling them "collateral damage"!
  • You are trying to impose your rules by using your SP on ones weaker than you!
  • You have rejected all the diplomatic proposals we have brought so far!

Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.

To your tyranny WE-RESIST

The Resistance
Discord: https://discord.gg/qMWCbWR

Interesting. I see Uber adopting a concept like this to reward good drivers. I know they are developing tracking to see how abruptly drivings stop/start their cars at lights.... so this might be a good lever to add to such a tracking system.

wow the future is interesting of crypto

420_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wOWM0MjI4ZjRiNjg0YTEwYzA0YjhhZDBhNzU1ZjcwMC5qcGc=.jpg

If the Mobicoin is released, unless it is non transferable and only the person who they are issued to can use or spend. You will be able to trade them, the platform you trade them on might take a while longer. Before that exchange is set up, people will buy or sell them between each other depending on what they can be used for. Initially I think they would be used for upgrade to your vehicle or reduction in cost when trading for a new car. I could see them working in a similar manner to sky miles.

Hey @ bwells, great post mobicoin ! I enjoyed your content. Keep up the good work!
It's always nice to see good content here on Steemit! Cheers :)

Wow if this turn out to be happening then it could be wonderful for cryptocurrencies

i think soon the whole future transactions will be done by cryptocurrency .. good post

Thanks for the sharing

Welcome Mercedes to the crypto world.hope you will create wonders as usual.

Sneaky Ninja Attack! You have been defended with a 20.24% vote... I was summoned by @bwells! I have done their bidding and now I will vanish...Whoosh

This post has received a 36.82 % upvote from @boomerang.

Wow ! Great news !! Yeah, To the moon ! Cheers !!

WE ARE THE RESISTANCE!

You are bullied by @GrumpyCat on your post.

  • @GrumpyCat is flagging innocent people and calling them "collateral damage"!
  • @GrumpyCat is trying to impose his rules by using your SP on ones weaker than him!
  • @GrumpyCat has rejected all the diplomatic proposals we have brought so far!

@The-Resistance is here to stop this and protect the weaker ones from the tyranny of @GrumpyCat

Join our bot We-Resist to protect minnows https://we-resist-bot.herokuapp.com
Come to our house to meet with the community https://discord.gg/qMWCbWR

@GrumpyCat, to your tyranny WE-RESIST

The Resistance