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Shopping․io Introduces $SHOP Back – Crypto E-Commerce

Shopping․io Introduces $SHOP Back - Crypto E-Commerce

PUBLIC STATEMENT Shopping.io, a leading cryptocurrency e-commerce platform, is streamlining its processes. Shopping.io will distribute $SHOP, its native utility token, to holders of $SPI and $GSPI via an airdrop on September 9, 2022. Shopping.io is doing a bunch of parties to celebrate their new app coming out, and they’re giving away lots of cool stuff and giving out perks like 20% $SHOP cash back rewards.

Get Your Online Shopping Done With Only Cryptocurrency!

According to Statista, global e-commerce retail sales reached $4.28 trillion in 2020, up 27.6 percent from 2019. As more people make the switch to online purchasing, e-commerce is expected to generate a whopping $5.4 trillion in sales by 2022. As of 2021, there are over 300 million crypto users globally, and over 18,000 merchants have started taking cryptocurrencies as payment.

In September of 2020, Shopping.io will release version 1.0 of its platform, allowing users to use cryptocurrency for the first time ever to purchase curated goods online via a personal shopper. The service let customers to buy real items from companies like Amazon, eBay, and Walmart, who would then ship those items to a small selection of locations across the world. Despite its simplicity, the platform’s popularity quickly became apparent, providing the proof of concept Shopping.io required to justify its expansion.

After two years, Shopping.io has expanded its payment choices to include Binancacne Pay, Crypto.com, CoinbBase Commerce, and Utrust, and it has two native utility tokens ($SPI and $GSPI) and an NFT set. The expansion of available shipping options further highlighted these noteworthy advancements.

The next big thing for Shopping.io is just around the corner. After months of development and testing, Shopping.io is releasing a new version of its platform that includes a Metaverse shopping mall called The Shopverse and a Shopping.io web extension that makes it easy to make purchases from virtually any online store. However, the update wouldn’t be complete without the introduction of the new native token for Shopping.io: -$SHOP!

The $SHOP Token is Now Here!

When 2021 came to a close, Shopping.io had two native tokens that had been created to better the platform’s users’ experience and governance. To accomplish the “token platform connection” the firm had originally envisioned, however, the company believed that additional changes were essential to its tokens and their use case within the platform.

The first suggestion from within Shopping.io to combine all of the existing tokens into a single “do it all” token was made in 2022. In May of 2022, Shopping.io unveiled their plan for $SHOP alongside a change in token usefulness and tokenomics. After putting the proposed merger of $SPI and $GSPI to a community vote, it was approved by a whopping 97% of voters, clearing the way for work to begin on the smart contracts for $SHOP.

Once $SHOP is live, it will take over for $G/SPI in the ecosystem, including providing discounts, voting, and free international delivery when used as a means of payment. In addition to these features, Shopping.io has developed a state-of-the-art $SHOP Back system, which will be unveiled on September 9 and serve as the centerpiece of the first of the platform’s $SHOP launch events, thanks to the improved tokenomics and flexible smart contract of $SHOP.

In order for the $SHOP token to accurately reflect the health of the ecosystem, it uses a quantitative burn/mint process. Because of this process, “sShop to earn” takes on new significance as it becomes more closely tied to the ecosystem’s utilization and the token supply in circulation.

Sale with a 20% Refund

On September 9, 2022, Shopping.io will introduce $SHOP along with a number of platform-centric events, the first of which is a 20% $SHOP Back event that will begin on September 10 at 5 PM CET. This 48-hour $SHOP Back event will reward users who purchase with certain tokens, including $ETH, $APE, and $AVAX, with 20% of their order value back in $SHOP.

Visit the Shopping.io $SHOP Event page for further details.

Giveaway of $SHOP Memberships

On the day of the tokens launch, Shopping.io will introduce the membership platform for $SHOP, allowing existing community members and newcomers to lock in their $SHOP incentives and join the Shopping.io ecosystem. The $SHOP membership program has five tiers, with access to each tier’s features requiring the locking of a certain dollar amount for three months. The higher $SHOP Back rewards, aAirdrop awards, and free shipping made possible by these perks significantly improve the purchasing experience. Shopping.io is hosting a month-long stake raffle event for members only to celebrateboost the launch of the membership program. In addition to the advantages already afforded by the platform, this opportunity presents members with the potential to win prizes. Gift certificates, $SHOP credits, a Galaxy subscription to Shopping.io, an iPhone 13 Pro, and the Golden Ape from the Villager of XOLO NFT set are just some of the prizes up for grabs.

It is Shopping.io’s hope that one day, all forms of currency would be accepted equally.

Join the Shopping.io Telegram/Discord community and follow the official Shopping.io social media channels for the latest news and updates.

Sites: Facebook; Twitter; Telegram; Discord; Instagram; LinkedIn; YouTube

If you have any issues about Shopping.io, the website offers a 24/7 live chat and a team of community advocates that are always happy to help. For complete details, please see the Shopping.io website.

Royal Seed
Royal Seed is a brand new contributor to Alltechcraft, and his writings focus on cryptocurrency news and platform reviews. We highly suggest keeping up with his most recent writings, since they are both quite insightful and fascinating. (Follow him on [email protected]_nba )