sharing economy

Why We Love Sharing Economy

Why We Love Sharing Economy

What is this Sharing Economy in the first place?

This simply means, we are sharing our resources may it be skills or properties. And of course, this is more cost efficient than buying your own things, wherein most of the time, you won’t use it.

What are the most popular companies using the Sharing Economy model?

There are actually a lot of companies from different industries.

Skills or Talent Sharing

If you have skills which you think you can’t use for a day-to-day job, then you can offer it through the following:

  • TaskRabbit

  • Zaarly

  • LivePerson

  • Simplist

  • oDesk

  • Elance

House Renting/ Couchsurfing

It connects property owners to people who would like a place to stay when traveling. These are usually cheaper than booking a hotel room. Examples are below:

  • Airbnb

  • VRBO

  • Couchsurfing


It connects people, mostly entrepreneur and artists to possible funders. They usually connect through the following platforms:

  • Kickstarter

  • Indiegogo

Ride sharing

Instead of using your own car, you can share a ride. Below are some of the most popular companies for this:

  • Uber

  • Lyft

  • Car2Go

  • Zipcar

  • Flightcar


You can share office spaces with other business owners or freelancers, making your rent more affordable. Coworking spaces are now all over the globe.


Have you ever used eBay? If yes, then you are familiar with this industry. Here are few more:

  • Craiglist

  • Kidizen

Why we love this sharing economy

It allows us to use and experience things for a fraction of the cost

Imagine sharing a car instead of using your own. You can save hundreds of dollars for not spending on gas every day.

Imagine renting a room through AirBnb. You don’t have to spend so much for hotel rooms.

It allows us to earn

This sharing economy can actually awaken our entrepreneurial side as we can be the host, the seller, or the skill provider.

It widens our network

Apparently, we get to meet a lot of people because of this economy.

How many times have you started a conversation when you used Uber’s services? That’s what I am talking about.

It’s not just about business. It’s about the relationship we build through this economy that allows us to share the world’s resources.

And with this model, PeN was inspired to start our own micro-sharing economy. In a nutshell, our PeN Pals will be able to earn just by using our app. If you want to learn more, please read here.

Posted by Berniz Isla in Blog
Enabling the Micro Sharing Economy to Combat Poverty

Enabling the Micro Sharing Economy to Combat Poverty

When Uber came along, they brought with them the concept of gig economy, or a phenomenon called Uberization, and is being used to characterize the sharing economy.


Sharing economy is nothing new. The term has been around since the 2000’s and is now defined as sharing resources via an online platform, think Uber or AirBnB or the thousands of other sharing platforms globally. The sharing economy is powered by micro entrepreneur through utilization of their idle capacity, hence spreading the wealth amongst people. This works quite well in cases where there is an idle capacity to share like cars, rooms, bikes or other staples of our daily lives. But what about those 3 billion people living in poverty? How can they ever benefit from this newfound source of wealth?

Micro Sharing Economy

In PeN, with our focus to provide services to the under-served communities in this world, we are enabling a new kind of economy: the micro-sharing economy. It is intended to help alleviate poverty, to improve lives for the under-served portion of the population, and to provide opportunities for those who don’t have cars or rooms to rent.

How does this work?

As a starting point, it works by us sharing what we benefit from our PeN Pals. In the very near future, it will expand to individuals participating in this sharing economy through mCommerce. In my previous posts, I mentioned that our PeN Pals are able to mine and earn up to 5,000 PeNNeY rewards per month. That equivalent amount is enough to lift a person out of the poverty line.

The micro-sharing economy works in a very simple way. PeN Pals mine or earn PeNNeY rewards and can redeem it for real world monetary values. Unlike bitcoin, mining PeNNeY rewards do not require powerful computers to be constantly working. Your own simple mobile phone is more than enough.

There are several ways to mine PeNNeY, all of them are simple and easy:

  • The fastest way to mine PeNNeY is through likes. Build a big following that will like your posts and earn PeNNeY for every post.  You can also earn PeNNeY by liking posts from others.
  • The easiest way to mine PeNNeY is simply have the top page of your timeline on screen, you don’t have to do anything at all.
  • The most convenient way to earn PENNeY is by watching embedded videos and reading articles on embedded web links.
  • Video calls and app to app calls earn PeNNeY. Furthermore, the service is free and unlimited
  • The more you use the app every day and the longer you use the app, the more PeNNeY you can earn
  • Play some the games inside PeN and get PeNNeY rewards

Eradicating poverty is one thing. Our PeN Pals, especially the ones with a big number of followers, can monetize their posts, better than in any other social app. You don’t need to be a celebrity or an influencer to benefit from PeN. You can be anyone and be anybody!


Posted by Ian Vernon in Blog, What's New?