press release
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…
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