If Spin is indeed just a rebadged Liubike (which itself is a rebadged Xiaomi (which itself is rebadged Aima in custom bodywork,)) then it will be md5 + counter
Liubike is a scooter sharing company from Zhejiang. They originally developed a sharing solution based on Xiaomi kick scooters, but later switched to proper electric mopeds. Liubike, then resold the OEM "platform solution" to other companies, but still runs an own sharing business in smaller towns in Zhejiang.