Since we successfully completed our smart contract update late in 2025, we have been asked by the community to post an updated tokenomics page. Below you will find detailed information about our tokenomics, circulating supply, distribution and the utility of ShareToken (SHR). This will be posted as a permanent page on our site during the next website update in the coming weeks also.
Token Summary
| Attribute | Detail |
|---|---|
| Token Name | ShareToken |
| Ticker Symbol | SHR |
| Token Type | Utility Token |
| Token Standards | ERC-20 (Ethereum), BEP-20 (BSC), ShareLedger Native |
| Max / Total Supply | 6,740,000,000 SHR (6.74 billion) |
| Circulating Supply | See api.shareri.ng/wallet/circulating |
| Consensus | Tendermint BFT Proof-of-Stake (ShareLedger) |
| ICO Date | February 1, 2018 – July 4, 2018 |
| ICO Price | $0.02 USD per SHR (Public Sale) |
| TGE Date | November 26, 2019 |
| Listing Price (TGE) | $0.0039 USD per SHR |
Smart Contract Addresses
Original Token Distribution
The initial token allocation as defined in the original whitepaper and ICO materials was structured as follows:
| Category | Allocation | Description |
|---|---|---|
| Investors (Seed, Pre-Sale, Public) | 60% | Tokens allocated for sale across seed round, pre-sale, and public ICO phases. Investor participation included token purchases from founding team members. |
| ShareRing (Company Reserve) | 24% | Retained by ShareRing for operations, development, partnerships, ecosystem growth, and founding team token grants |
| Advisors | 10% | Allocated to strategic advisors providing guidance and support — deployed |
| Bounty Program | 5% | Community rewards for marketing, bug bounties, and engagement campaigns — deployed |
| Airdrop | 1% | Community distribution to drive awareness and adoption — deployed |
Company Reserve Breakdown
The 24% Company Reserve (1,617,600,000 SHR) encompassed both founding team token grants and operational reserves:
| Recipient | SHR Amount | % of Supply | Lock-Up |
|---|---|---|---|
| Total Founding Team — all allocated and vested by end 2020 | 1,040,160,000 | 15.43% | — |
| Operational Reserve (not including unsold tokens) | 577,440,000 | 8.57% | — |
Total Company Reserve (not including unsold tokens): 1,617,600,000 SHR (24.00% of total supply)
Founding team tokens were subject to a 12-month lock-up period from the Token Generation Event (TGE) on November 26, 2019. All lock-up periods expired on or around November 26, 2020, and all founding team tokens are now fully vested and unrestricted.
Fundraising History
ShareRing conducted multiple fundraising rounds between 2018 and 2020. While the pre-sale and public sale rounds had large token allocations, only a fraction of those allocations were sold:
| Round | Date | Allocated | Sold (approx.) | Price/SHR | Raised | % Supply |
|---|---|---|---|---|---|---|
| Seed Round | Mar 2018 | 1.00B | 1.00B | $0.0038 | $3.80M | ~15% |
| Pre-Sale | May 2018 | 2.50B | ~269.5M | $0.01 | ~$2.69M | ~4% |
| Public Sale | Jul 2018 | 500M | ~135M | $0.02 | ~$2.70M | ~2% |
| Venture Round | Jun 2020 | — | — | — | $1.86M | — |
Total Raised: Approximately $11.05 million USD across all rounds
Seed Round Investors: Double Peak, Alpha Sigma Capital, Alphabit Fund, GDA and others. Investor participation also included token purchases by founding team members.
Pre-Sale Vesting: Tokens locked for 3 months post-purchase
Unsold Token Allocation
Due to the timing of the TGE around a crypto bear market, only approximately 8% of total supply was sold during the pre-sale and approximately 2% during the public sale. All unsold tokens from these rounds were added to the company’s operational reserve. This significantly increased the company’s holdings beyond the original operational reserve, providing additional resources for long-term operations, ecosystem development, and strategic initiatives.
Current Supply Breakdown
| Metric | Value |
|---|---|
| Maximum Supply | 6,740,000,000 SHR |
| Total Supply (Minted) | 6,740,000,000 SHR (100% minted post-migration) |
| Circulating Supply | See api.shareri.ng/wallet/circulating |
| PEG Wallet (ERC-20 Bridge) | ~1,630,711,420 SHR |
| ShareLedger Bridging Wallets | ~447,905,773 SHR |
Following the September 2025 contract migration, all 6.74 billion tokens were minted upfront to the new contract. This eliminates the possibility of any future unauthorised minting.
PEG Wallet (Bridge)
The PEG wallet serves as the bridge mechanism between ShareLedger and the ERC-20 network. It holds the ERC-20 representation of tokens that are currently in use on ShareLedger or held in the company reserve. This wallet facilitates cross-chain token transfers and is not a traditional “locked” wallet in the sense of being time-locked or restricted.
The PEG wallet currently holds approximately 1,630,711,420 SHR. Additionally, approximately 1.3 billion SHR are held across individual ShareLedger bridging wallets that are in the process of being consolidated into the PEG wallet; this consolidation is expected to complete within the coming weeks. Once complete, the PEG wallet will hold approximately 2.95 billion SHR.
Team Token Information
Founding Team Allocation
As detailed in Section 2, a total of 1,040,160,000 SHR (15.43% of total supply) was allocated to the six co-founders from the 24% Company Reserve. These tokens were subject to a 12-month lock-up period commencing from the Token Generation Event (TGE) on November 26, 2019. All lock-up periods expired on or around November 26, 2020.
Vesting Status
All founding team token lock-up periods and any subsequent vesting schedules have fully expired. There are no remaining locks, vesting cliffs, or requirements to seek board of directors approval for selling tokens. Team members are free to manage their token holdings at their discretion.
Team Compensation in Tokens
Separately from the founding team token allocation above, a number of senior team members have accepted SHR tokens in lieu of salary for some time due to the company prioritising capital allocation towards development and growth.
This ongoing compensation arrangement is separate from the initial founding team token grants and reflects the founders’ conviction in the long-term value of the project and their commitment to preserving cash for operational needs. These tokens are drawn from the company’s operational reserve and paid on the ShareLedger blockchain.
Token Utility & Ecosystem Role
ShareToken (SHR) is the sole token powering the ShareRing ecosystem. Its functions include:
Transaction Fees
SHR is required to pay for all transactions on the ShareLedger blockchain, including identity creation (DIDs and verifiable credentials), document verification, and service interactions.
Staking & Validation
Token holders can stake SHR on ShareLedger to participate in network validation and earn rewards (flowbacks) from transaction activity. ShareLedger operates on a Tendermint Byzantine Fault Tolerant Proof-of-Stake consensus mechanism. Validators and stakers benefit directly from network growth, making staking a critical component of the ecosystem’s security and incentive model.
Enterprise Buyback Mechanism
ShareRing’s enterprise business model creates organic demand for SHR. Enterprise partners pay ShareRing in fiat currency for identity verification and digital trust services. ShareRing then executes buybacks of SHR from exchanges to cover the tokenised utility costs of those services on ShareLedger. This creates a direct link between real-world revenue and token demand.
Service Payments
SHR fuels consumer-facing services within the ShareRing ecosystem, including eSIM purchases, ShareRing Me modules, and other digital identity-linked products.
Governance
SHR holders participate in on-chain governance of ShareLedger through the proposal and voting system, enabling community-driven decision-making on protocol upgrades and parameter changes.
Cross-Chain Functionality
ShareToken operates across multiple blockchain networks:
- Ethereum (ERC-20): Primary chain for trading and exchange listings. Provides compatibility with the Ethereum DeFi ecosystem and major centralised exchange infrastructure. The majority of trading volume occurs on ERC-20.
- ShareLedger (Native): ShareRing’s own Tendermint-based blockchain where SHR is used for staking, governance, and powering the identity verification infrastructure. An increasing proportion of token holders have bridged their tokens to ShareLedger for staking and ecosystem participation.
- Binance Smart Chain (BEP-20): Legacy chain with little to no active trading volume. Most BEP-20 holders have already bridged their tokens to ERC-20 or ShareLedger Native. The BEP-20 contract remains active but is not a primary trading venue.
Contract Migration (September 2025)
On September 29, 2025, ShareRing completed a migration to a new, optimised ERC-20 smart contract. Key changes include:
- Removal of legacy ICO, presale, airdrop, and bounty distribution logic
- Reduced gas costs for transfers and staking operations
- Fixed 6.74 billion max supply with all tokens minted upfront for transparency
- Non-circulating tokens held in PEG wallet for bridge operations
- Enhanced swap capabilities (automated swaps up to 1M SHR per transaction for KYC-verified accounts)
- Real-time supply data provided via public API to CoinMarketCap, CoinGecko, and Etherscan
Approximately 300 million SHR across several thousand wallets remain on the legacy contract and have not yet been migrated. These holders can swap their tokens to the new contract at any time. Legacy contract tokens are not tradeable on exchanges.
Exchange Listings
ShareToken (SHR) is currently listed on the following exchanges:
Key Team & Founders
ShareRing’s active leadership team:
| Name | Role | Background |
|---|---|---|
| Tim Bos | CEO & Co-Founder | Company founder with extensive experience in sharing economy platforms, blockchain technology, and digital identity solutions. Previously worked with Barclays Capital, Avanade and Microsoft. |
| Rohan Le Page | COO & Co-Founder | Extensive automotive industry background; co-founded ShareRing building on experience from previous ventures, including senior roles with CarSales. |
Important Notes & Disclaimers
- All supply figures are based on the post-migration contract (September 2025) and on-chain data. Circulating supply figures are approximate and may vary based on the data source.
- The original token distribution percentages can be found in publicly available ICO records. The 24% Company Reserve included both founding team token grants (15.43%) and operational reserves (8.57%). Not all allocated investor tokens were sold during the pre-sale and public sale rounds; unsold tokens were added to the operational reserve.
- All founding team tokens were subject to a 12-month lock-up from TGE (November 26, 2019). All lock-up periods have fully expired. There are no active locks, vesting cliffs, or board approval requirements for team token sales.
- The PEG wallet (0x6F27B4C3307b79c6FC91349db8Ae55Ef87cac885) holds non-circulating ERC-20 tokens that back ShareLedger-side balances, which are staked and not considered to be part of the circulating supply. Approximately 400 million SHR in individual bridging wallets are being consolidated into the PEG wallet.
- The enterprise buyback mechanism (flowbacks) creates organic token demand tied to real-world revenue from identity verification services.
- Investor participation in the original fundraising rounds included token purchases from founding team members.
- For the most current information, refer to official ShareRing communications at sharering.network and on-chain data.
