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

PRICE RELEASE, the crypto-e-commerce giant is streamlining their operations. On September 9th 2022, will be airdropping its new native utility token – $SHOP to the holders of $SPI and $GSPI. will host a variety of events to celebrate its launch. These include exciting giveaways and 20% off your $SHOP Back Rewards!

You can shop online using only crypto!

According to a report by, global retail ecommerce sales reached $4.28 trillion in 2020. Statista27.6% more than the year before. As more consumers shop online, the e-retail industry is expected to increase to $5.4 trillion in 2022. Additionally, over 300 million cryptocurrency users are worldwide, and more than 18,000 companies have accepted cryptocurrencies for payment as of 2021.

September 2020 – 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. This website allowed tangible goods to be purchased from top retailers, such as Amazon, eBay, Walmart and delivered to only a small number of locations around the world. The platform’s traction was instantly recognizsable even with its limited functionality and was the proof-of-concept needed in order to justify its growth.

Two years later, now has native utility tokens $SPI, $GSPI, (wWith another merging utility token on its way), an NFT Set, and many new payment options, such as Binancacne Pay and The increase in destinations that orders can be sent to was also a major development.

Now has reached its largest development yet. has launched a stronger, more complete ecosystem after months of testing and hard work. Shopverse A extension that allows you to make purchases at almost all online stores. This overhaul, however, would be incomplete without the release of’s new native token: -$SHOP!.

The $SHOP Token is now available

In late 2021, 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’s current tokens into one ‘do it all’ token. In May 2022, proposed $SHOP. This was paired with tokens shifting in platform utility or 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.

The $SHOP platform will be able to inherit all the existing functions, including voting, discounts and international shipping, when $G/SPI is used for payment. In addition to these already present utilities, $SHOP’s improved tokenomics and flexible smart contract has allowed 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.

Thanks to the quantitative burn/mint system, the $SHOP token is intended to show the ecosystem’s success. 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 will launch $SHOP in September 2022. There are also a variety of events that focus on platform-oriented activities. The first being the 20% $SHOP back event, which will begin on September 10, at 5 PM CET. Shoppers can earn 20% more on orders they place by using $SHOP back tokens, such as $ETH and $APE.

For more information on’s $SHOP Back Event.

Spend $SHOP to Enter the Raffle 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 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. You will enjoy enhanced shopping experiences through the activation of $SHOP back rewards and a Airdrop reward, as well as free shipping. To celebrateboost the membership program’s launch, 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’s Galaxy membership tier, an iPhone 13 Pro, and the Golden Ape from the Villager of XOLO NFT set. envisions the future in which people can buy any item with any currency.

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