1. Birth of Recharge Token

PiggyCell, a new power bank sharing platform, has successfully installed over 9,600 battery sharing cabinets to more than 5,800 POI (Point of Installation) across the major cities in South Korea as of November 2023. According to CoinDesk, the age group who are most interested in crypto technologies and cryptocurrencies is 20s to 30s in 2021. It is estimated that there are more than 3 million virtual asset trading users in South Korea as of May 2021. In particular, the age group called 2030 generation accounts for approximately 59% of crypto users, who are mostly overwrapped with Piggycell users.

PiggyCell service so far has been an “One-way service” which provide only limited-service options such as borrowing mobile power bank from its Cabinet. With the adoption of blockchain ecosystem that substantially enhances the utilities as well as compatibility, PiggyCell service would take an important part in throughout what so-called “The Recharge Ecosystem” that is fueled by Recharge Token. Piggy- Cell are primarily plugged into Recharge Ecosystem in which various additional functions related to elec- tric charging and shared economy are provided from 100percent as well as Pandakoreadotcom. In addition, by encouraging the use of electric energy, the amount of carbon emissions is reduced, and incentives are provided while similar services work together to expand this ecosystem. They all share the vision and mission of “easy, cheap, and direct”, “shared economy”, “environmental”, and “continuous growth”.

Recharge token aims to encourage re-use of energy for long term sustainable ecosystem that brings positive effect on environments and blockchain world. It is designed to circulate on its own with mini- mized intervention from centralized while providing constructive blockchain ecosystem. With its highly compatible concept, if electric, anyone, and any partner can be plugged in to the ecosystem to build environmental-friendly blockchain economy.