Auto Giant Daimler AG, famous for its Mercedes-Benz and Smart brands, presented its own Blockchain-based digital currency MobiCoin at the Mobile World Congress 2018 in Barcelona, which is used to reward drivers for environmentally-friendly driving habits. The project is currently in the testing phase with 500 participating drivers who can earn MobiCoin by following eco-friendly driving practices and participants with the most MobiCoins will reportedly receive VIP tickets to famous events. It remains unknown whether the coins will be convertible to fiat or other cryptos.