People love to shop; there is no way around it. Billions and billions of dollars are spent every year on purchases that range from clothing, to food, and everything in between. However, let’s face it; shopping can be a huge headache. There are just so many places to go, each with their own deals and promotions. As a result, it can be a very confusing and stressful process to know where to go or what to buy. While technology and apps have helped, they’re still not good enough for many people.
However, there is a solution. Just like it has helped a variety of different industries, blockchain and cryptocurrency solutions are coming in the shopping industry. One of the most ambitious and exciting in the space is Shping. This article will take an in-depth look at Shping and what it is trying to do, and whether it is a good idea to get involved.
What is Shping?
Shping is one of the world’s first shopper marketing ecosystems that rewards consumers for contributing to it as well as using it. Shping will also offer brand protection, product and consumer safety measures and even a global product database. They aim to make shopping safer, more rewarding and smarter for everyone. They are also going to introduce a Shping Coin that will help fuel the growth of the platform, as well as give a way for brands and retailers to incentivize consumers.
How Does it Work?
So that all sounds good, but how does it work? Well, Shping works to benefit both brands, organizations and stores, as well as shoppers as well. In terms of the stores or brands themselves, Shping offers a brand new way to market to shoppers at the point of purchase and also helps brands gather analytics about how many people are using the app to scan a product or leave a review. It can also help to drive customer loyalty.
As for how Shping benefits consumers, it is quite simple. When you use the app during your shopping, you will be rewarded, it really is that simple. In addition to that, the Shping app will also have product reviews, extra information about products and more. Basically, the Shping app will be a way for brands to connect with their consumers, incentivize them to make purchases and be a helpful and mobile search engine for a variety of different products.
It really does offer quite a few benefits to shoppers as well as the locations and brands they buy from. It is a brand new and unique way of marketing to shoppers that we really haven’t seen before, and is very safe and secure due to using Ethereum smart contracts. If you want to learn everything there is to know about Shping, be sure to check out their Whitepaper, which is full of information.
The Shping Coin
As mentioned earlier in the article, the company is also creating a brand new cryptocurrency called the Shping Coin. The Shping coin is instrumental to the success of the ecosystem as a whole. The coin is used by brands and stores to reward users and incentivize them during key purchasing decisions. The team one day hopes the Shping coin will be a preferred payment method, but at the time being
It is very unique as you will essentially be getting paid in Shping coins to use the app and become a more informed shopper. The coins can act like any other cryptocurrency and in addition to helping the ecosystem to grow and run, can be traded and sold on exchanges as well.
Their Token Sale is Now Live
If you want to get your hands on some Shping coins, the best way is to become involved with their ICO, which is currently ongoing. The ICO began on February 22nd 2018 (after a pre-sale that ran from January 22nd to January 31st) and will end on March 23rd 2018. The coin has an initial rate of 1 cent per Shping Coin and there is a total supply of 10,000,000,000 coins, with 5,000,000,000 of them available to be purchased.
There are several different cryptocurrencies and fiat currencies that can be used to participate in the ICO, which is a very good thing. The Shping team has also announced how they plan on distributing the tokens as well. 50% will be available during the ICO for purchasers, 42% will go to the app incentive reserve, with 5% going to advisors and only 2% to the Shping team, which is much lower than most teams take. The final 1% will go to bounties.
What is Their Vision?
Shping wants to completely revolutionize the way we shop. They are trying to provide a way for brands to market to customers in real-time; while they are shopping. Instead of traditional advertising, they are actually providing direct rewards to the shoppers. It really is a win-win situation for everyone involved.
Eventually, as more consumers and brands discover the existence and benefits of Shping, they hope to evolve into a new mobile payment option. While it is yet to be seen if that will happen, it is nice to see they have lofty goals.
Who is a Part of their Team?
When a cryptocurrency or blockchain solution has lofty goals, they often need an impressive and experienced team. Thankfully, that is exactly what Shping has. Their team is led by CEO and founder Gennady Volchek, CTO Andrei Kucherov and CMO Tony Lee. The team is rounded out by individuals from a variety of different backgrounds including development, customer service, business, engineering and more. They also have a number of advisors who are all successful entrepreneurs and executive of various companies.
In conclusion, Shping has some very exciting things planned for the future and hopes to be the future of how brands market to their customers. It is a rare win-win scenario for businesses and consumers, and it will be interesting to see how the company and their ecosystem progress.