PRESS RELEASE. Shopping.io, a crypto E-commerce company, is streamlining its operations. Shopping.io will airdrop its native utility token $SHOP on September 9th 2022 to holders of $SPI or $GSPI. Shopping.io will host a variety of events to celebrate the launch.
Buy Online with Crypto Only!
According to Statista in 2020, global retail e-commerce sales surpassed $4.28 trillion. This is a 27.6% rise over the previous year. E-retail revenue is expected to reach $5.4 trillion by 2022 as more people shop online. Additionally, over 300 million cryptocurrency users are worldwide, and more than 18,000 businesses have accepted cryptocurrencies as payment as of 2021.
September 2020 – Shopping.io releases version 1.0, allowing holders to use their crypto to pay for online concierge shopping services. It allowed users to purchase tangible goods from major retailers like Amazon, eBay, and Walmart. The site also delivered to a few destinations around the world. Even though the platform was limited in functionality, it was immediately recognisable and served as proof-of concept Shopping.io needed to continue its growth.
Two years later, Shopping.io now has two native utility tokens: $SPI, $GSPI (wWith an additional merged utility token on its way), an NFT set and a multitude of new payment options, including Binancacne Pay and Crypto.com. These important developments were further accentuated by an increase in the number of destinations that orders can be sent to.
Shopping.io's biggest development is just a few steps away. Shopping.io has completed months of testing and is now upgrading its platform. It will launch a stronger, more complete ecosystem that includes a Metaverse mall called The Shopverse and a Shopping.io extension that allows you to make purchases at almost all online stores. Shopping.io's native token, -$SHOP, is essential for this overhaul.
The $SHOP Token is now available
Shopping.io was able to acquire two native tokens in late 2021. These tokens were initially designed to enhance users' experience and improve governance on the platform. However, the company felt that it was necessary to make improvements to its tokens and to their use within the platform in order to realize the "token platform relationship" they had envisioned.
The 2022 inception brought about the first internal proposal to merge Shopping.io's tokens into one "do it all" token. In May 2022, Shopping.io presented the idea for $SHOP. This was paired with tokens shift in platform utility. A community vote was held to approve the merger of $SPI & $GSPI. It resulted in a 97% approval rate. This opens up the possibility for $SHOP smart contracts development to begin.
After its launch, $SHOP will inherit all the functions that $G/SPI performs within the ecosystem, including discounts, voting and free shipping internationally when used as a payment method within the platform. Shopping.io's innovative tokenomics and flexible smart contracts have allowed them to create the $SHOP Back system. It will debut at the $SHOP launch event on September 9th.
Thanks to its quantitative burn/mint mechanism, the $SHOP token is intended to reflect the success and viability of the ecosystem. This mechanism establishes a direct correlation between ecosystem use and token supply, which gives the phrase "sShop for earn" a deeper meaning.
20% $SHOP back Event
Shopping.io will launch $SHOP on September 9, 2022. There are also a variety of platform-oriented events, including a 20% $SHOP back event on September 10, at 5 PM CET. For 48 hours, the $SHOP Back event allows shoppers to earn 20% of their order value back in $SHOP by using selected tokens like $ETH, $APE, and $AVAX.
More information about Shopping.io's $SHOP back Event.
$SHOP Member Raffle Event
Shopping.io will launch $SHOP's membership platform the day after the tokens launch. This will allow both seasoned members and newcomers to lock in their $SHOP rewards, and be a part the Shopping.io community. The $SHOP membership program has five levels. Each package benefits are available by locking a $SHOP amount for three months. These benefits improve the shopping experience, activating $SHOP Back Rewards, aAirdrop Rewards, and free shipping. Shopping.io will hold a month-long staking event exclusively for members! This gives them the opportunity to win prizes, in addition to existing platform benefits. The prizes include gift cards and $SHOP credit, access to Shopping.io’s Galaxy membership tier, the iPhone 13 Pro, the Golden Ape of the Villager from XOLO NFT set, as well as access to Shopping.io’s Galaxy member tier.
Shopping.io envisions an era where everyone can buy whatever they want with any currency.
Follow Shopping.io on social media for the most recent updates and join the Shopping.io Telegram/Discord group.
Shopping.io has community representatives available 24/7 on its website. They are ready to answer all your questions. For all details, please visit the Shopping.io website.
This is a press release. Before taking any action related to the promoted company, or any of its affiliates, or services, readers should do their research. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services in the press release.
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By: Media
Title: Crypto E-Commerce – Shopping․io Introduces $SHOP Back
Sourced From: news.bitcoin.com/crypto-e-commerce-shopping%e2%80%a4io-introduces-shop-back/
Published Date: Thu, 08 Sep 2022 23:00:06 +0000
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