Hello ShopNEXT community,
Today marks a massive milestone in ShopNEXT history, as our team announces the swap of the current NEXT token. The new NEXT, a loyalty token, is the core of our ecosystem and expected to capture the values created better than ever.
What was the purpose of the old NEXT?
Old NEXT was designed according to the V1 business model, focusing on affiliate marketing. It was mainly used for two purposes:
- To upgrade the MOON membership
- To reward users for shopping
While the model was great at the beginning, rewarding NEXT on users’ shopping will make the token diluted over time, which causes the token inflation issue.
Why do we need to swap?
What are the utilities of the new NEXT?
How to swap?
We will announce a swap page in December, at the same time as the release of our V2 mobile app. There is no hard deadline for the migration at the moment, users can swap old NEXT anytime. However, to become MOONers, our new smart contract only understands new NEXT tokens. Thus, those who want to upgrade their membership should swap as soon as they can.
We will be working with exchanges, data sites, and other platforms to support the $NEXT migration, but there might be a transition period before the information of the new NEXT is fully updated.
We can’t wait for the swap event, and hope you are as excited as we are. More info will be coming soon, stay tuned!
- Swap time: TBA (in December 2022).
- Swap website: TBA (in December 2022). No rush as this website will remain permanent.
- Swap ratio: 10 old NEXT for 1 new NEXT
- Old NEXT total supply: 1,000,000,000
- New NEXT total supply: 100,000,000
- Old NEXT contract: 0x9809e877192B510D767a94ba39a79429219a5afB
- New NEXT contract: TBA
- New NEXT blockchain: BSC
- NEXT to upgrade MOON in V2: new NEXT