Crypto E-Commerce – Shopping․io Introduces $SHOP Back – Press Release Bitcoin News

by Arthur · September 8, 2022

press release

PRESS RELEASE. Crypto E-commerce giant Shopping.io streamlines operations. On September 9, 2022, Shopping.io will send its new native utility token – $SHOP – to the holders of $SPI and $GSPI. To celebrate the launch, Shopping.io is hosting several events offering great benefits, including 20% $SHOP back rewards and exciting giveaways!

Shop online using nothing but crypto!

In 2020, e-commerce sales worldwide topped $4.28 trillion, according to Statistics, an increase of 27.6% from the previous year. By 2022, e-commerce revenues are expected to grow to an impressive $5.4 trillion, as consumers move more of their shopping online. Additionally, as of 2021, there are over 300 million crypto users worldwide and over 18,000 businesses that have already started accepting cryptocurrencies as payment methods.

September 2020 – Shopping.io launches version 1.0 of its platform which allows holders to pay for concierge online shopping services with their crypto for the first time. The site enabled the purchase of physical goods via major retailers such as: Amazon, eBay and Walmart, and delivered to a handful of 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; $SPI and $GSPI (with another merged utility token on the way), an NFT kit and a slew of new payment options under the belt including: Binancacne Pay, Crypto.com, CoinbBase Commerce and Utrust. These major developments were also highlighted by the increase in the number of destinations to which orders could be sent.

Shopping.io is now on its way to its biggest development to date. After months of work and testing, Shopping.io is upgrading its platform and launching a more robust, well-rounded ecosystem consisting of a Metaverse shopping mall titled The Shopverse and a Shopping.io web extension that simplifies purchases through almost any online store. However, this overhaul would be incomplete without the release of Shopping.io’s new native token: -$SHOP!.

Introducing the $SHOP token

In late 2021, Shopping.io found itself with two native tokens that were originally designed to improve users’ experience and governance on the platform. However, the company believed that further improvements to the tokens and their use case within the platform were necessary to achieve the “token-to-platform relationship” previously envisioned.

With its launch in 2022 came the first internal proposal to merge Shopping.io’s current tokens into one “do everything” token. Shopping.io presented its idea for $SHOP in May 2022 along with the token shift in platform tools and tokenomics. The merger of $SPI and $GSPI was put to a community vote, and ended in an overwhelming 97% approval rate, opening the door for the development of $SHOP’s smart contracts.

After launch, $SHOP will inherit the functionality that $G/SPI currently performs within the ecosystem, such as offering discounts, voting and free international shipping when used as a payment method within the platform. In addition to these already existing tools, $SHOP’s enhanced tokenomics and flexible smart contract have allowed Shopping.io to create its state-of-the-art $SHOP Back system which will debut on September 9th, and will play in the first of the platform’s $SHOP launch events.

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 the use of the ecosystem and the circulating supply of the token, giving a deeper meaning to the phrase “sShop to earn”.

20% $SHOP Back Event

Shopping.io launches $SHOP on September 9, 2022, alongside a selection of platform-oriented events; the first is a 20% $SHOP Back event starting on September 10th at 17.00 CET. The $SHOP Back event will be held for 48 hours and gives buyers the opportunity to earn an additional 20% of their order value back in $SHOP using selected tokens such as $ETH, $APE and $AVAX as payment method.

For more information about the Shopping.ios $SHOP Back Event.

$SHOP member raffle

Shopping.io will unveil $SHOP’s membership platform on the day of the token’s launch, allowing both seasoned community members and newcomers to unlock their $SHOP rewards and become part of the Shopping.io ecosystem. $SHOP’s membership program consists of five levels, with each package’s benefits available by locking an equivalent amount of $SHOP for a three-month period. These benefits enhance your shopping experience by enabling increased $SHOP Back rewards, aAirdrop rewards and free shipping. To celebrate the boost membership program launch, Shopping.io is holding a month-long raffle event for members only!, giving members Thisthe. This opportunity gives members the chance to win prizes in addition to their already existing platform benefits. Prizes include gift cards, $SHOP credits, access to Shopping.io’s Galaxy membership, an iPhone 13 Pro and the Golden Ape from the Villager of XOLO NFT set.

Shopping.io envisions a future where people have the flexibility to buy anything with anything.

For the latest updates, follow Shopping.io’s social media channels and join the Shopping.io Telegram/Discord community.

Shopping.io also has community representatives and a 24/7 live chat on its website, ready to answer any questions. Check the Shopping.io website for all terms and conditions.

This is a press release. Readers should do their own due diligence before taking any action related to the Promoted Company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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