ShopNEXT Collaborates with Visa
ShopNEXT Collaborates with Visa to launch Web3 Loyalty Platform, where any user can not only shop conveniently, but earn token rewards.
This ingenious loyalty platform is expected to help millions of merchants grow businesses and contribute. To rapidly stimulating the global economy as well as bring Web3 to the masses.
How does it work?
ShopNEXT utilizes the card-linked feature of the Visa Offers Platform. That allows any user to link a Visa card to their mobile app. Through VisaNet, ShopNEXT will be able to track all successful card payment transactions and reward users with the token on top of them, instantly. ShopNEXT token is a kind of loyalty point but the difference is that it is developed on blockchain.
Moreover, ShopNEXT also introduces in-app gameplay and NFT cards. Which give users options to boost their earning rewards. ShopNEXT Collaborates with Visa, Shopping, gamification, and NFT will create an innovative Shop-To-Earn model.
How can it be a sustainable model?
Unlike other models like Play-To-Earn or Move-To-Earn, Shop-To-Earn is much more sustainable. Because it contributes real value to the economy by building a win-win collaboration with all parties involved. Users are encouraged to shop more to earn more token rewards. It helps merchants grow their businesses.
To strengthen the model’s uniqueness, ShopNEXT defined a new term called External Profit Reserve (EPR). ShopNEXT Collaborates with Visa, 100% of the profit from merchants and card issuers’ sales commission will be sending to the EPR to back all the tokens issuing on the market. This is to make sure every token has an intrinsic value that is generating by users through their shopping.
About ShopNEXT
ShopNEXT is a Web3 Loyalty Platform by BNB Chain. We utilize card payment with support from card-linked solution of Visa, NFT and gamification to invent to Shop-To-Earn model. ShopNEXT allows users to earn token rewards from daily shopping while helping merchants grow their businesses. ShopNEXT token is a kind of loyalty point but the difference is that it is developing on blockchain and is exchangeable.
About Visa Inc.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
