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

2025-09-30 11:00

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1. Piggycell is the leading company in the South Korean shared power bank market, with a 95% market share, over 14,000 stations, and more than 4 million users. 2. Piggycell utilizes the DePIN + RWA model to transform charging devices into on-chain assets, enabling automatic yield distribution. The core gameplay includes Charge-to-Earn, Occupy-to-Earn, and Challenge-to-Earn. 3. Piggycell has secured a $10 million seed funding round from investors including Animoca Brands, ICP Hubs, and DWF Labs, and received $11 million in support from South Korean major corporations and banks in its latest funding round. 4. Piggycell plans to launch a Token Generation Event (TGE) in Q4 2025 and aims to list on a Tier-1 exchange in mid-October. The company is currently conducting a final round of community task activities on the Galxe platform. 5. Piggycell's goal is to integrate South Korea's shared charging network with blockchain technology, onboard real-world users and scenarios onto the chain, and share rewards with participants to achieve global expansion.

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.