Press Release
Press Release. Crypto e-commerce giant Shopping.io is streamlining its operationsOn September 9, 2022, Shopping.io will introduce a new native utility token, $SHOP, to $ Airdrop to SPI holders. To celebrate the $GSPI.launch, Shopping.io will host multiple events, offering key perks such as 20% $SHOP back his rewards and exciting giveaways.
Shop online using only cryptocurrencies. According to
Statista, global retail e-commerce sales in 2020 will reach his $4.28 trillion, up 27.6% year-on-year. By 2022, e-retail revenue is projected to reach $5.4 trillion as consumers increasingly shop online. Moreover, as of 2021, he has over 300 million crypto users worldwide and over 18,000 businesses have started accepting cryptocurrencies as a payment method.
September 2020 – Shopping.io launches version 1.0 of its platform, allowing owners to pay for their concierge online shopping service with cryptocurrencies for the first time. The website allowed tangible goods to be purchased through major retailers such as Amazon, eBay, and Walmart and shipped to several destinations around the world. The platform’s traction was immediately recognizable, even with its limited functionality, and was the proof of concept Shopping.io needed to justify its growth.
Fast forward two years and Shopping.io has two native utility tokens. It has $SPI and $GSPI (another integrated utility token in the works), NFT sets, and a slew of new payment options under its belt, including Binancacne Pay, Crypto.com, CoinbBase Commerce, and Utrust. These major developments were also highlighted by an increase in the number of destinations to which orders can be sent.
Shopping.io is currently at the height of its biggest development to date. After months of work and testing, Shopping.io has upgraded its platform to include a Metaverse mall titledThe Shopverseand a Shopping.io Web that facilitates purchases on almost any site. We are launching a more robust and balanced ecosystem of extensions. online store. However, this overhaul would be incomplete without the release of Shopping.io’s new native token, -$SHOP.
Introducing $SHOP Tokens
In late 2021, Shopping.io realized he was using two native tokens. These tokens were originally designed to improve user experience and governance on the platform. However, the company felt it needed to further improve its tokens and their use cases within the platform in order to achieve the previously envisioned “token platform relationship”.
With the start of 2022, an initial internal proposal was made to merge Shopping.io’s current tokens into a single “do it all” token. Shopping.io announced in May 2022 the $SHOP idea combined with the utility of the platform and the token shift in tokennomics. The merger of $SPI and $GSPI was put to a community vote and ended with an overwhelming 97% approval rate, opening the door to start developing smart contracts for $SHOP.
After launch, $SHOP will inherit what $G/SPI currently does within the ecosystem. For example, we offer discounts, voting and free international shipping when used as a payment method within our platform. These existing utilities, along with $SHOP’s improved tokenomics and flexible smart contracts, have allowed Shopping.io to create a state-of-the-art $SHOP Back system. This will debut on his September 9th and will be the platform’s first $SHOP launch event.
The $SHOP token is designed to reflect the success of the ecosystem thanks to its quantitative burn/mint mechanism. This mechanism creates a direct correlation between ecosystem usage and token circulation supply, giving the phrase “sShop to get” a deeper meaning.
20% $SHOP Back Events
Shopping.io will launch $SHOP on September 9, 2022 with select platform-oriented events . The first 20% $SHOP Back event will start on September 10th at 5pm CET. The $SHOP Back event runs for 48 hours and allows shoppers to earn an additional 20% of their order value at $SHOP using selected tokens such as $ETH, $APE and $. AVAX as a payment method.
For more information on the $SHOP back event on Shopping.io.
$SHOP Membership Raffle Event
Shopping. io announces $SHOP’s membership platform on token launch day, allowing both experienced community members and newcomers to lock in $SHOP rewards and become part of the Shopping.io ecosystem to be able to $SHOP’s membership program consists of 5 tiers, with each package benefit available by locking the corresponding amount of $SHOP for 3 months. These offers enable increased $SHOP back offers, aAirdrop offers, and free shipping to enhance your shopping experience. To celebrate the launch of our membership program, Shopping.io is hosting a month-long staking raffle event exclusively for members. This gives members the chance to win prizes on top of the platform perks that already exist. Prizes include gift cards, $SHOP credits, access to the Galaxy membership level on Shopping.io, an iPhone 13 Pro, and a Golden Ape from the XOLO NFT Set villagers.
Shopping.io envisions a future where people are free to buy anything.
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