South Korea's leading shared power bank service, Piggycell: Driving Global Expansion through Blockchain

Source: Piggycell

South Korea's Leading Shared Power Bank Provider Piggycell: Driving Global Expansion with Blockchain

In South Korea, when it comes to borrowing a power bank on the go, most people turn to Piggycell. This well-established company has captured a 95% market share, with 14,000+ locations and over 4 million users, nearly monopolizing the South Korean shared charging market. Recently, Piggycell has also successfully attracted a new $11 million investment round, which includes participation from large South Korean corporations and banks.

Bringing a Mature Offline Network onto the Chain

Utilizing the DePIN + RWA model, Piggycell has transformed mobile power banks, shared charging stations, and other charging devices into measurable, settleable, and tradable on-chain assets.

Users do not need to understand complex blockchain processes; they simply rent a power bank as usual, and the backend automatically handles profit distribution.

Three Core Gameplay Mechanics that are Intuitive and Easy to Understand:

Charge-to-Earn: Earn token rewards through charging;

Occupy-to-Earn: Hold device NFTs and receive a share based on actual usage;

Challenge-to-Earn: Complete tasks to receive additional incentives.

This model integrates ownership, profit-sharing, and community participation, allowing users to not only be one-time consumers but also directly engage in real cash flow.

Backed by Strong Capital and Data

Piggycell is not concept-driven but is an upgraded solution built on real business and cash flow:

Has received a $10 million seed round investment, with investors including Animoca Brands, ICP Hubs, and DWF Labs;

Operates over 100,000 high-quality batteries and 14,000+ offline service stations;

Annual revenue has been stably above $20 million, validating the sustainability of the business model;

In its latest funding round, received a total of $11 million in support from large South Korean corporations and banks.

Key Sprint Towards TGE

Piggycell has set a clear target to launch its TGE in Q4 of 2025 and plans to debut on a tier-one exchange in mid-October. Currently, the final round of community task activities before the TGE is taking place on the Galxe platform, providing a pre-participation opportunity for global users.

One-sentence Summary

Piggycell combines South Korea's leading shared charging network with blockchain technology, integrating real users and real-world scenarios onto the chain, and sharing the benefits with every participant.

With this step, Piggycell's story is transitioning from Korea to the global stage.