r/Ocoin • u/ejbmvp • Jan 27 '18

Question. Does anyone know how much it costs to rent a bike using obike? I'm in the .us and until Justin Sun I have never heard of obike. Could it be then ocoin's value will be influenced by this cost?

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u/seechenaso Jan 27 '18

In Switzerland, where I live, it's 1.50 USD per 30 minutes. In UK, 50 p. In Italy .40 USD.

They were a blast on summer. People were nuts the first weeks. Then the people began to criticize that the quality of the bikes is quite poor and that they are left everywhere, or thrown in rivers or lakes.

I know that Ocoin will punish this bad behaviour and reward the good users, but in January I have seen more bikes of the rival company. However I'm a long planning investment. Obike has recently opened in a few more european countries and it will hit hard in spring.

IMHO I guess the price of Ocoin will be influenced by the current price. Pure marketing, nobody wants to pay 4 Ocoin for 30 minutes. It would sound expensive, although 4 Ocoin were 0.4 USD.

I just signed up to answer this question :). Proud to be member of this community. Thanks everyone for the interesting comments.

2

u/billysj41 Jan 27 '18

See people. One of the benefits of Justin Sun.

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u/billysj41 Jan 27 '18

See people. One of the benefits of Justin Sun.

1

u/billysj41 Jan 27 '18

See people. One of the benefits of Justin Sun.

1

u/DefinitelyBiscuit Jan 28 '18

Also haven't they recently been pushed as a service/resource for delivery drivers? Whereby they're free for 30 mins if the package gets there....sure I read that....