ShopNEXT Community Report – July 2023

Hi ShopNEXT community,

We had a busy July with lots of events. In the middle of the month, we migrated our DEX pools from PancakeSwap V2 to V3 and set a new trading fee to only 0,01%, which couldn’t be cheaper. We also released the mobile app V2.2.2 with the WalletConnect v2.0 update. The biggest news of the month must be the featured blog by Google Cloud. πŸ₯°

Key business figures:

  • Total MOONers: 44
  • Total NEXT locked: 293,880
  • Total tokens collected and burned in July: 520 STE and 574 NEXT
  • Total STE rewarded (including processing transactions) till July 31: 53,985 STE
  • EPR value (including processing transactions) till July 31: $3644

Mobile app

The team released the mobile app V2.2.2 quickly to update the changes in WalletConnect v2.0, which is expected to offer a smoother Web3 connection. Within this release, a highly requested feature, which sends notifications when your desired NFT cards are listed on the marketplace, was also introduced. Give it a try. πŸ””

Tokens

Since the V2.0 mobile app’s release in January, 44 MOONers have locked a total of 293,880 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 520 STE via boosting, recharging, redeeming and marketplace trading fee. Those STEs have been burned by sending them to a dead address. We collected 574 NEXT from in-app gameplay and part of NFT marketplace trading fee; this NEXT amount will be burned as well. 

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 July 31th.

  • Total STE rewarded for shopping (including processing transactions): 53,985 STE
  • EPR value (including processing transactions): 3644 USD

What next?

  • Release an appealing referral scheme to grow users.
Our journey has just started, and we’re so excited to see people onboarding Web3 via shopping!πŸš€

#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 and Binance Pay. For more news and the latest updates about ShopNEXT, please visit our Website – Discord – Telegram – Twitter – Facebook or email to hello@shopnext.io.

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