Hashkey Grant Application-ShareX

[yxcvincent]

Grant Type

Session 1

Email

contact@sharex.network

Telegram

@vito_web3

X/Twitter Handle

@ShareX_Network

Discord/Community

https://t.me/sharexnetwork

Previous Application

N/A

Code Audit

The current MVP version has not undergone a third-party security audit yet. A security audit will be completed before the official consumer-facing version is released. The team has a long-standing collaboration with security audit firms such as Certik and Scalebit.

Project Information

1. Project Description and Objectives

ShareX is building the Web3 Consumer and Financial Layer for the sharing economy. By integrating IoT sharing service terminals with the Deshare Protocol, RWA solutions, and crypto payments, ShareX connects Web3 with global sharing economy brands, driving deep engagement and conversion of massive Web2 users and consumer scenarios.

1) Consumer Layer: Deshare Protocol

ShareX has established the “Deshare Protocol,” a decentralized sharing economy network that is open, trustworthy, and efficient. By integrating the PoPW (Proof of Physical Work) mechanism, the protocol rewards participants contributing to the network, driving the global adoption of the sharing economy.
Based on the Deshare Protocol, ShareX connects Web3 with global sharing economy brands, providing them with software and hardware solutions, Cryptopay, and Deshare integration, enabling deep engagement and conversion of massive Web2 users and consumer scenarios.

2) Financial Layer: ShareFi Platform

ShareX employs RWA and PayFi solutions to create a financial layer for the sharing economy, unlocking billions in asset circulation. Brands can tokenize physical assets and revenue rights of shared devices on-chain, leveraging RWA issuance and trading to access supply chain financing backed by tangible assets and enhance asset liquidity on-chain.
Shared devices typically have stable cash flows, making them ideal RWA assets. By issuing RWA tokens, ShareX helps brands secure asset-backed financing. Since ShareX manages both hardware and payment systems, we can ensure safe and fair revenue distribution for RWA investors.

2. Success Potential

1) Market demand: The global sharing economy is experiencing a period of rapid growth. Taking the shared power bank industry as an example, the market is expanding at an annual growth rate of over 100%. According to estimates, the RWA market within the sharing economy could reach a multi-billion-dollar scale.

**2) Experienced Team: **Founder, Mr. Ren, was the co-founder and CMO of Laidian Technology, which was the First Team Worldwide to develop shared power bank, having nearly 500 million users in mainland China. The team’s extensive industry experience and resources can help ShareX achieve its goals.

**3) Web2 business: **With 6 years of web2 business, ShareX has provided solutions to dozens of global brands in Japan, Southeast Asia, the Middle East, the USA, and Russia, with 10k+ partner merchants and 10 million+ users. These business foundations will enable ShareX to complete the early-stage cold start efficiently.

3. Mission Alignment

ShareX is highly aligned with HashKey’s mission of bridging Web3 and the real world through digital finance innovation. We believe our work contributes meaningfully to HashKey’s vision in the following key areas:

1) Real-World Adoption of Web3 Technologies

ShareX brings Web3 into real-world consumer scenarios by integrating blockchain, RWA, and IoT across the global sharing economy. Through on-chain infrastructure, tokenized devices, and decentralized protocols, we are enabling Web3 utilities to be embedded directly into everyday public services—aligning with HashKey’s vision of “Web3 for the Real World.”

2) Development of Consumer-Grade Financial Applications

ShareX is pioneering the use of Real World Assets (RWAs) in consumer-facing business models. We enable financial innovation in everyday retail usage, such as “Charge-to-Earn,” pay-per-use DeFi services, and device-based revenue sharing. This directly supports HashKey’s efforts to scale Web3 financial infrastructure to the consumer level.

3) Support for Stablecoin Payment and On-Chain Credit Systems

Our globally deployed IoT network provides a ready-made infrastructure for stablecoin adoption, including scenarios suited for HKD stablecoin use. We’re also piloting on-chain credit features—such as deposit-free rentals or using yield from deposits to cover service fees—advancing PayFi mechanisms that HashKey seeks to promote.

4) User Growth and Web2-to-Web3 Conversion

ShareX’s terminals are placed in high-traffic public venues, offering a continuous stream of real-world interactions with Web2 users. With built-in Web3 onboarding touchpoints such as Telegram and crypto payments, we naturally convert offline users into blockchain participants—supporting HashKey’s user base expansion strategy.

4. Innovation

1) The world’s first Web3-integrated solution for the sharing economy

As the world’s largest overseas shared power bank enterprise, ShareX has leveraged years of supply chain experience and market insight to launch the world’s first Web3-integrated shared power bank solution. This solution not only provides brands with verifiable real-world data and RWA-based financing models, but also delivers additional benefits and innovations to end-users through mechanisms such as Charge to Earn and PayFi. Currently, ShareX ships nearly 200,000 devices annually, enabling rapid global deployment of Web3-connected IoT infrastructure for the sharing economy.

2) Open & Collaborative Growth

ShareX established Deshare Alliance, which aims to **bring together 100 leading shared economy brands **while collaborating with top-tier Web3 networks and service providers. This sets ShareX apart from industry competitors. Instead of building offline operations from scratch, ShareX leverages a platform-based strategy to rapidly onboard existing brands, their devices, users, and consumption scenarios. As an industry leader, Timothy has deep-rooted supply chain connections across the Asia-Pacific region, allowing ShareX to engage a vast network of global sharing economy brands and onboard Web2 brands into the Deshare Alliance ecosystem.

3) Sustained User Acquisition

Unlike many DePIN projects, shared power banks are naturally positioned in high-traffic public locations, **enabling continuous Web2 user acquisition. **By leveraging offline exposure and user engagement at these locations, ShareX consistently attracts high-quality paying users, driving organic adoption and ecosystem growth.

5. Is it open source?

The Deshare Protocol is currently open-sourced for B2B partners.

6. Free or fee-based for end users?

ShareX operates on a fee-based business model, charging for services such as sharing economy usage and RWA purchases.

7. Interoperability with Hashkey ecosystem

Our project is designed with interoperability in mind, and we see strong alignment with the HashKey ecosystem in the following ways:
**1) Protocol Integration: **ShareX’s Deshare Protocol integrates with HashKey Chain, bringing large-scale consumer application scenarios, IoT devices, and user data to the HashKey ecosystem.
**2) Payment Scenarios: **Through the Deshare Alliance, ShareX connects to a vast global network of offline payment touchpoints. It supports payment tools and assets based on the HashKey ecosystem, while exploring compliant asset custody and fiat on/off ramps for merchants.
**3) Application Entry Point: **Utilize wallets or other applications within the HashKey ecosystem as a unified access gateway, enabling users to interact with various types of sharing economy devices simply by scanning a QR code—without the need to download a separate app. This creates a direct link between HashKey ecosystem applications and real-world use cases.
** 4) RWA Transactions: **Leveraging ShareX’s extensive base of physical device assets and stable fiat income streams, RWA assets are packaged and issued on-chain for trading within the Web3 ecosystem.

Market Analysis

1. Competitors and Differentiation

In the field of Web3 sharing economy, we can currently see some projects such as Piggycell, GoCharge, Powerlink, Juiceup, etc., most of which are in the early stages. It shows that the market has great potential, the development of the entire industry ecosystem requires the gathering of more participants.

Unlike other similar projects, ShareX stands out with three key advantages:

1) Global Web2 Business Leadership

Timothy Ren, co-founder and former CMO of Laidian Technology, played a pivotal role in defining the hardware and interaction model of shared power banks. Laidian was the world’s first shared power bank company and has amassed nearly 500 million users in mainland China. Since 2014, our team has been deeply involved in the sharing economy, pioneering one of the most advanced shared power bank solutions integrated with Web3. Today, our Web2 business spans 12 countries, serving over 100,000 merchants and millions of users. These achievements stem from years of resource accumulation and extensive on-the-ground execution, creating a strong competitive moat.

2) Open & Collaborative Growth

ShareX established Deshare Alliance, which aims to bring together 100 leading shared economy brands while collaborating with top-tier Web3 networks and service providers. This sets ShareX apart from industry competitors. Instead of building offline operations from scratch, ShareX leverages a platform-based strategy to rapidly onboard existing brands, their devices, users, and consumption scenarios. As an industry leader, Timothy has deep-rooted supply chain connections across the Asia-Pacific region, allowing ShareX to engage a vast network of global sharing economy brands and onboard Web2 brands into the Deshare Alliance ecosystem.

3) Sustained User Acquisition

Unlike many DePIN projects, shared power banks are naturally positioned in high-traffic public locations, enabling continuous Web2 user acquisition. By leveraging offline exposure and user engagement at these locations, ShareX consistently attracts high-quality paying users, driving organic adoption and ecosystem growth.

2. Current Market Base and Estimate Method

The global sharing economy is currently in a period of rapid growth. According to Verified Market Research, the global market value of the sharing economy in 2024 is estimated at $387.1 billion and is projected to reach $827.1 billion by 2031, with a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. Take the shared power bank industry as an example. In its earliest and most widely adopted market, China, the industry has reached over 450 million users after eight years of development. In 2024 alone, the market is estimated to deploy over 2 million new shared power bank stations, reflecting a conservative growth rate of over 25%. Globally, the shared power bank sector is expanding at a staggering growth rate exceeding 100%.

Regarding the size of the RWA market, we have conducted some research:

1. In China, a mature market, there are over 10 million stations, with around 500,000 traded as assets in WeChat groups or forums, resembling the RWA model.
2. So based on the Proportion, globally, the asset value of shared power bank devices is around at 8 billion, and RWA assets potentially reaching 160 million.
3. Including other shared economy and unmanned retail sectors, the RWA market could reach billions of dollars.

Recipient Address

0x6300FCed731Cf481BBc2a4233512808bd963E550

Budget and Plan

1. Grant size and Justification

We are requesting a grant of USD $50,000 to support the deployment, integration, and adoption of ShareX’s Web3-enabled shared economy infrastructure within the HashKey ecosystem.

1) Use of Funds

The requested grant will be allocated across the following key areas:

1. Web3 Integration (30%)： Development and deployment of on-chain modules (e.g., stablecoin payment support, RWA issuance on HashKey-backed protocols, on-chain credit scoring)
2. Device Deployment & Market Expansion (30%): Manufacturing, configuring, and deploying ShareX IoT devices in public venues across Southeast Asia and Hong Kong to enable real-world stablecoin usage
3. User Growth Campaigns (20%): Running onboarding campaigns, and Charge-to-Earn activities targeting Web2 users.
4. Co-branded Infrastructure Development (10%): Launching a co-branded version of our Deshare Protocol tailored for HashKey ecosystem usage
5. Operational Costs (10%): Covering project coordination, reporting, and legal review for compliance in regulated regions.

2) Expected Impact

1. Onboard 100,000+ Web2 users through offline devices and sharing scenarios.
2. Partnered with over 10,000+ offline merchants in Asia and successfully integrated smart devices at their locations.
3. Co-founded a Consumer Alliance with 50+ leading global sharing economy brands.
4. Tokenizing tens of thousands of shared economy devices into RWA assets for issuance and circulation.

3) Justification

This grant size is reasonable and impact-efficient, as ShareX already has a mature hardware supply chain and proven market coverage. With minimal capital expenditure, we can drive meaningful growth for the HashKey ecosystem in stablecoin adoption, RWA tokenization, and consumer-facing Web3 finance—all aligned with HashKey’s long-term goals.

2. Project Execution Plan (Roadmap)

Time	Key Tasks
2024 Q4	1. Launch the official website and initiate social media operations. 2. Release a Web3-based shared power bank solution, complete prototype development, and conduct demonstrations.
2025 Q1	1. Launched Deshare Protocol 1.0 Version. 2. Established Deshare Alliance, aiming to bring together 100 leading shared economy brands.3. Build the community and initiate user growth.
2025 Q2	1. Complete the first phase of the Deshare Alliance with 20 partnered Web2 sharing economy brands. 2. Launch the first season of the TreasureX user growth campaign in collaboration with Powernow, focusing on offline deployment and operations in Japan, targeting 500,000 Powernow registered users. 3. Deploy a large number of shared power bank devices with integrated CryptoPay.
2025 Q3	1. Launch ShareFi, providing RWA solutions for global sharing economy brands. 2. Roll out TreasureX Season 2 and 3 in collaboration with different sharing economy brands across multiple countries. 3. Kick off TGE preparations.
2025 Q4	1. Expand Deshare Alliance to 50 partnered Web2 sharing economy brands. 2. Release Deshare Protocol 2.0 Version, introducing Deshare Trips, which enables on-chain PoPW through IoT SDK integration.
2026 Q1	1. Execute large-scale ShareFi RWA issuances, exceeding 100 million in total value. 2. Expand Deshare Alliance to 100 partnered brands

3. Token Distribution and Timeline

Token Allocation	Amount of Token	% of Total Supply	Unlock % of This Allocation at TGE	Cliff Period (preferably in month)only number	Vesting Period(preferably in month)only number	TGE % of Total Supply
Investor	10m	10%	0%	6	24	0%
Team and Advisor	10m	10%	0%	12	24	0%
Mining	40m	40%	0%	0	96	0%
Ecosystem	20m	20%	0%	6	24	0%
Global Marketing	7m	7%	50%	6	24	3.5%
Early Liquidity	10m	10%	100%	0	0	10%
Public Distribution	3m	3%	100%	0	0	3%
Total	100m	100%	16.5%	-	-	Unlock 16.5% TGE

4. post-incentives sustainability

Relying on deeply integrated real-world sharing economy services, ShareX targets consumer scenarios characterized by rigid demand. The long-term growth of deployed devices, service coverage, and user base in the sharing economy is not dependent on Web3 incentives. Similarly, demand for RWA asset transactions remains strong regardless of incentive mechanisms. Therefore, even in the post-incentives phase, the underlying sharing economy and autonomous retail infrastructure that support ShareX will continue to develop, ensuring the project’s long-term and sustainable growth.

5. Additional accountability info

ShareX has launched the user growth campaign TreasureX. The inaugural season of TreasureX will launch in partnership with Powernow, a prominent shared power bank brand operating across Japan and Southeast Asia. Powernow boasts an impressive network, including over 4,000 merchant partners, more than 20,000 power bank devices, and over half a million registered users. This initiative helps ShareX build a user base of over 100,000 engaged participants and RWA users.

Hashkey Relationship

1. Problem Solved for Hashkey

Leveraging years of experience in the Web2 shared economy sector, ShareX is well-positioned to form a strong, mutually beneficial partnership with HashKey, offering the following resources and support:

1) Providing Real-World Integrated Scenarios for HashKey

Real-world integration is a key trend in the future development of Web3. ShareX spans a comprehensive range of unmanned retail formats and has extensive supply chain resources and factory networks across the Asia-Pacific region. This enables HashKey to access a variety of deeply integrated real-world application scenarios, supporting HashKey’s strategic goal of long-term real-world convergence within its ecosystem.

2) Introducing a Large Volume of Shared Economy RWA Assets to HashKey

Through ShareX’s partnerships with shared economy brands, their business scenarios and IoT devices can be tokenized into RWA assets. These assets can be brought into the HashKey ecosystem, enabling the deployment and growth of consumer-grade financial applications.

3) Enabling Innovative Crypto Payment and PayFi Models

ShareX has established a global network of offline payment scenarios. HashKey can leverage these physical touchpoints to deploy its payment tools, promoting the use of HashKey ecosystem stablecoins and PayFi innovations—such as on-chain credit for deposit-free rentals or using deposit interest to cover service fees.

4) Continuous User Acquisition Capability

Our devices are deployed in high-traffic public areas, enabling natural, continuous user acquisition from Web2 audiences into the HashKey ecosystem.

5) Offline Exposure and Marketing Opportunities for HashKey Ecosystem Applications

ShareX is the first project in the industry capable of offering continuous offline exposure and marketing strategies for Web3 projects. Applications in the HashKey ecosystem can fully leverage ShareX’s extensive network of offline merchants to co-create high-impact online-to-offline marketing campaigns and flagship events.

2. Value Proposition

ShareX aims to become a key pillar in HashKey’s consumer finance strategy by driving innovative advancements in consumer-grade RWAs, payment solutions, and user acquisition.

3. Growth Potential for Hashkey

ShareX can drive multifaceted growth for Hashkey, including:

1) Consumer Scenarios

Through the Deshare Alliance, ShareX connects with leading global sharing economy brands, bringing Hashkey access to dozens of consumer-facing use cases and collaborative brand partners.

2) Offline Merchants and Devices

ShareX integrates over 10,000 partner merchants and their IoT devices into the blockchain network. With the expansion of the Alliance, this network is set to reach millions of connected devices.

3) Web2 User Base

Sharing economy devices are typically deployed in high-traffic public venues, providing a natural channel for user acquisition. ShareX introduces a growing user base—already in the millions—into the Hashkey ecosystem.

4) RWA Assets

With stable cash flows generated by these devices, ShareX contributes to the continued expansion and liquidity of RWA offerings within the Hashkey network.

4. Commitment to Building on Hashkey

We are committed to building on HashKey by integrating our Deshare Protocol and RWA infrastructure into the HashKey ecosystem. We see strong alignment in compliance, payment gateways, and real-world asset issuance, and we aim to bring real user growth and transaction volume to the network through our large-scale consumer scenarios.

5. Deployment Status

Our Deshare Protocol has been fully developed and is ready for deployment at any time.
The TreasureX campaign is already live and will run for three months. We look forward to collaborating with HashKey on promotional efforts and technical integration.
Next, we will focus on the development and deployment of our RWA and CryptoPay systems, which are expected to be completed within the next 1–2 months.

Milestones

ShareX is excited to pursue a deep strategic collaboration with Hashkey. Our development roadmap and milestone plan on Hashkey are outlined as follows:

Time	Milestones
2025 Q2	1. Deploy the Deshare Protocol and successfully onboard at least 2,000 shared economy devices on-chain.2. Officially announce the partnership between Deshare Alliance and Hashkey, involving 20+ leading global shared economy brands.
2025 Q3	1. Launch a co-branded online and offline user campaign with Hashkey. In high-traffic locations such as restaurants, malls, and metro stations across Japan and Southeast Asia, we will deploy customized Hashkey-branded device, providing significant offline exposure and brand marketing. The campaign aims to attract 50,000+ Web2 users to participate.2. Scale up the Deshare Protocol, onboarding program to include 10,000 devices from at least 5 countries.3. Explore RWA use cases by launching the ShareFi platform. We will mint shared economy RWA NFTs on Hashkeychain and make them available for sale to retail users.
2025 Q4	1. Integrate stablecoin and crypto payment solutions, enabling Hashkey ecosystem assets to be used for shared economy service payments.2. Expand RWA asset deployment by converting 10,000+ shared devices into on-chain RWA assets for circulation and trading.
2026 Q1	1. Grow the Deshare Alliance ecosystem to include 100 global leading shared economy brands, fostering collaborative deployment and integration.2. Diversify the RWA asset portfolio and increase the total value of issued RWA assets to exceed $100 million.

Terms Confirmation

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