ShopNext Loyalty TokenPrice

(NEXT)

ShopNext is a Web3 loyalty platform designed to bridge traditional retail and the blockchain ecosystem through a model called Shop-to-Earn. The project aims to onboard mainstream consumers into the cryptocurrency space by rewarding them for their everyday shopping activities. By integrating blockchain technology with traditional commerce, ShopNext provides a way for users to earn digital assets without requiring deep technical knowledge of decentralized finance. The platform operates primarily through a mobile application that allows users to link their existing Visa cards. Once a card is connected, the app uses card-linked technology to track successful transactions at thousands of partnered merchants, both online and offline. When a user makes a purchase at a supported retailer, they automatically receive rewards in the form of tokens. This system is supported by major industry partnerships, including collaborations with Visa and Google Cloud, which provide the payment tracking infrastructure and cloud processing necessary for the platform to function seamlessly. The ecosystem utilizes a dual token structure where NEXT serves as the primary loyalty token. The NEXT token is central to the platform's membership and gamification features. Users can use NEXT to upgrade their membership tiers, which in turn unlocks higher reward rates and exclusive benefits. Additionally, the project incorporates non-fungible tokens in the form of NFT cards. These digital collectibles can be acquired and upgraded using the loyalty token to further boost the rewards a user earns from their shopping. Sustainability is a core focus of the project. ShopNext uses a mechanism called the External Profit Reserve to back the rewards distributed to users. This reserve is funded by sales commissions paid by merchants and card issuers whenever a transaction occurs. By using real-world revenue from traditional commerce to support the digital ecosystem, the project attempts to create a more stable and long-term model compared to typical play-to-earn or move-to-earn systems. In summary, the ShopNext Loyalty Token is the utility and governance backbone of a platform that turns daily spending into a gateway for Web3 participation. It combines familiar payment methods with blockchain rewards, allowing users to interact with digital assets through a simple and practical use case. Learn more

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