Speed Mining Service is a large cryptocurrency mining operation. The company had a large ICO that raised money to fund additional hardware purchases to expand their mining capabilities. SMS token holders own shares in the mining system and are entitled to part of the profit.

The 12Ships token is used to power the 12Ships network. The company's marketing materials claim that they plan on developing a separate PoW blockchain called HashChain, as well as a mining pool that will use their own ASIC hardware.