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

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

Shop Online Using Nothing but Crypto!

In 2020, retail e-commerce sales worldwide topped $4.28 trillion, according to Statista, a 27.6% increase on the previous year. By 2022, e-retail revenue is projected to grow to an impressive $5.4 trillion, as consumers move more of their shopping online. In addition, as of 2021, there are over 300 million crypto users worldwide and over 18,000 businesses that have already begun accepting cryptocurrencies as forms of payment.

September 2020 – Shopping.io launches version 1.0 of its platform giving holders the ability to pay for concierge online shopping services with their crypto for the first time. The website enabled purchases of tangible goods via major retailers such as: Amazon, eBay and Walmart, delivering to a handful of destinations around the globe. The platform’s traction was instantly recognizsable even with its limited functionality and was the proof-of-concept Shopping.io needed in order to justify its growth.

Fast forward two years and Shopping.io has two native utility tokens; $SPI and $GSPI (wWith another merged utility token on the way), an NFT set, and a plethora of new payment options under its belt, including: Binancacne Pay, Crypto.com, CoinbBase Commerce and Utrust. These major developments were also accented by the increase in the amount of destinations orders could be sent to.

Shopping.io is now on the cusp of its biggest development to date. Following months of work and testing, Shopping.io is upgrading its platform and launching a more robust, well-rounded ecosystem consisting of a Metaverse mall titled The Shopverse and a Shopping.io web extension facilitating purchases through almost every online store. This overhaul, however, 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. The company however, felt that further improvements to its tokens and their use case within the platform were necessary in order to achieve the ‘token platform relationship’ previously envisioned.

With 2022’s inception came the first internal proposal for the merging of Shopping.io’s current tokens into one ‘do it all’ token. Shopping.io presented its idea for $SHOP in May 2022 paired with the tokens shift in platform utility and tokenomics. The merge of $SPI and $GSPI was put to a community vote, ending in an overwhelming 97% approval rate, opening the door for development on $SHOP’s smart contracts to commence.

Following its launch, $SHOP will inherit the functionalities that $G/SPI currently perform within the ecosystem such as offering discounts, voting, and free international shipping when used as a form of payment within the platform. In addition to these already present utilities, $SHOP’s improved tokenomics and flexible smart contract has allowed Shopping.io to create its state of the art $SHOP Back system that will make its debut on September 9th, and will star 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 is launching $SHOP on September 9th, 2022, alongside a selection of platform oriented events; the first of which being a 20% $SHOP Back event that will commence on September 10th, 5 PM CET. The $SHOP Back event will be held for 48 hours giving shoppers the ability to earn an additional 20% of their order value back in $SHOP with the use of selected tokens such as $ETH, $APE and $AVAX as a form of payment.

For more information on Shopping.io’s $SHOP Back Event.

$SHOP Membership Raffle Event

Shopping.io will unveil $SHOP’s membership platform on the day of the tokens launch, allowing both seasoned community members and newcomers to lock their $SHOP rewards and become a part of the Shopping.io ecosystem. $SHOP’s membership program consists of five tiers, with each package’s benefits being accessible through the locking of a corresponding amount of $SHOP for a three month period. These benefits enhance the shopping experience by activating increased $SHOP Back rewards, aAirdrop rewards, and free shipping. To celebrateboost the membership program’s launch, Shopping.io is holding a month-long staking raffle event for members only!, giving members Thisthe This opportunity gives members the chance to win prizes in addition to their already present platform benefits. Prizes include gift cards, $SHOP credits, access to Shopping.io’s Galaxy membership tier, 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 and all 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 actions 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.