Alibaba partner to release 'mining while driving' app

Alibaba partner to release 'mining while driving' app

Backed by internet giant Alibaba, electric car maker Zhiji Auto has developed an app that will allow drivers to earn digital currency per mileage traveled. This was announced by journalist Colin Wu.

Alibaba partner to release 'mining while driving' app

The IM Zhiji app is intended for owners of upcoming IM electric vehicles.

To enter the mining pool, motorists must enter information about each kilometer they run. They will receive the Stone digital currency as a reward. Initially, the company plans to issue 500 coins 144 times a day. To maintain liquidity, the issue will be halved every four years.

The asset can be exchanged for various software updates or other company services. When the vehicle has traveled 5000 km, its owner will be able to purchase the new generation Lidar Fusion intelligent driving system for coins or increase the battery capacity to 120 kWh after three years of operation.

The IM electric car will go on sale in 2022. According to the manufacturers, the new product should become a worthy competitor to Tesla - its range is 1000 km.

Recall that in early June, the Canadian car company Daymak announced the release of a three-wheeled electric vehicle Spiritus with a mining option.

In the same month, he began live test mining of Bitcoin, Ethereum, Dogecoin and other cryptocurrencies.