ShopNEXT Community Report – October 2023

Hi ShopNEXT community,

In the last month, the biggest events would be the release of ver 2.4.0 mobile app as well as the relaunch of Guess Right Win Gifts mini-game.

Key business figures:

  • Current MOONers: 40
  • Current NEXT locked: 335,585
  • Total tokens collected in Oct: 657 STE and 47 NEXT
  • Total STE rewarded (including processing transactions) till Oct 31: 68,548
  • EPR value in USD (including processing transactions) till Oct 31: 5,333
  • Total STE of earning balances in app: 50,190
  • Total STE of spot balances in app: 6226
  • STE redeem to voucher: 0

Mobile app

ShopNEXT released v2.4.0, which improves the connection with Web3 wallets like Metamask or Trust Wallet to a great extent. This is expected to fix common errors users face when upgrading membership or opening the NFT card case. We have also reopened the minigame Guess right Win Gifts with the first rewards being NFT card cases. More exciting rewards for this game will come soon!

Tokens

Currently, there are 40 users having MOON status, who have locked a total of 335,585 NEXT. For newcomers who may not be aware, MOONers are our VIP members who can earn the most benefits from our ecosystem. Users must lock $300 in NEXT to upgrade their MOON membership and use NFT cards to boost token earnings.

From our in-app gameplay, we collected 657 STE via boosting, recharging, redeeming and marketplace trading and mini game fee. We collected 47 NEXT from in-app gameplay and part of NFT marketplace trading fee; this NEXT amount will be burned once we collected a substantial amount. 

ShopNEXT will mint more STEs to make sure our Operation Wallet (https://bscscan.com/token/0x36530092b1413c21ab7e5203197cf76d4d598888?a=0x6a2f150ad79689f7ce7db8f20628b3a7cb4ef4d0) will be equal to the total amount of STE in spot and earning balances.

The operation wallet: 

  • Current balance: 51,841 STE
  • New balance: 56,416 STE (Minting 4,575 STE) 

New STE total supply: 554,381
https://public-crypto.shopnext.io/cmc/ste/getTotalSupply?token=1b9b361c-e21e-4895-b2f7-9de67ae09362&isNumeric=1

EPR 

ShopNEXT is the first to introduce an External Profit Reserve (EPR) to capture external profit from our business and back STE tokens rewarded for shopping. Here is the data up to Oct 31th.

  • Total STE rewarded for shopping (including processing transactions): 68,548 STE
  • EPR value (including processing transactions): 5,333 USD

What next?

  • Building more mini-games.
Our journey has just started, and we’re so excited to see people onboarding Web3 via shopping!🚀

#ShopNEXT #Web3LoyaltyPlatform $NEXT $STE



ShopNEXT is an innovative Web3 app that helps you make money as you shop. With just a single app, you can shop and earn token rewards up to 30% from thousands of merchants worldwide, whether online or offline. ShopNEXT is empowered by partnerships with Visa, Google Cloud and Binance Pay. For more news and the latest updates about ShopNEXT, please visit our WebsiteDiscordTelegramTwitterFacebook or email to hello@shopnext.io.

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