Original Source: Piggycell

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

In South Korea, when borrowing a power bank, there is an 80-90% chance that users will use Piggycell. This company, which has been operating steadily for many years, has achieved a 95% market share, with over 14,000 stations and more than 4 million users, almost monopolizing the shared charging market in South Korea. Recently, Piggycell successfully attracted a new round of investment totaling $11 million, including contributions from large South Korean enterprises and banks.

Bringing a Mature Offline Network onto the Blockchain

Piggycell uses the DePIN + RWA model to transform charging devices such as mobile power banks and shared charging stations into measurable, settleable, and tradable on-chain assets.

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

Three Core Features that are Intuitive and Easy to Understand:

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

Occupy-to-Earn: Hold device NFTs to share profits 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 be more than just one-time consumers but to directly engage in real cash flow.

Strong Capital and Data Backing

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

Secured $10 million in seed funding, with investors including Animoca Brands, ICP Hubs, and DWF Labs;

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

Annual revenue has remained stable at over $20 million, validating the sustainability of the business model;

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

Key Sprint Towards TGE

Piggycell has confirmed that it will launch TGE in Q4 2025 and plans to list on a top-tier exchange in mid-October. Currently, the final round of community task activities before TGE is taking place on the Galxe platform, providing global users with an opportunity to participate early.

Summary in One Sentence

Piggycell combines South Korea's leading shared charging network with blockchain, connecting real users and real scenarios to the chain, and sharing profits with every participant.

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

This article is from a submission and does not represent the views of BlockBeats.

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