ShopNEXT

What is ShopNEXT Loyalty Token (STE)?

What is ShopNEXT Loyalty Token (NEXT)?

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.
Our vision is to make the world of Web3 accessible to the masses through rewards that empowered by partnerships with [Visa](https://www.visa.com.vn/en_VN/about-visa/newsroom/press-releases/shopnext-partners-with-visa-to-launch-the-first-ever-web3-loyalty-platformthough.html), [Google Cloud](https://cloud.google.com/customers/shopnext/) and [Binance Pay](https://twitter.com/binance/status/1457807682514079746)
STE is the reward token of the ShopNEXT ecosystem. This token can be used for:

Reward to users when they shop
Pay for fees within the NFT gameplay
Buy NFT cards on the NFT marketplace  
What makes ShopNEXT unique?
Unlike other models like Play-To-Earn or Move-To-Earn that are also aiming to solve the Web3 mass adoption puzzle, we can contribute real value to the economy by boosting consumer spending and helping merchants grow their businesses. 

Our model is scalable. Any merchant in the world, whether online or offline can easily join our platform as long as they accept Visa card payment 

It’s also sustainable. We have revenue from the external source of the ecosystem (merchants commission) so our model still works even if we don’t have new users. To strengthen our uniqueness, we define a new term called [External Profit Reserve (EPR)](https://docs.shopnext.io/whitepaper/our-tokenomics/external-profit-reserve-epr). 100% the profit from merchants and card issuers will be sent to the EPR to back all STE tokens issued on the market to make sure every STE has an intrinsic value that is generated by our users through their shopping.

How to participate?

4 steps to shop and earn reward tokens:

Step 1: Select a merchant and activate the deal
Step 2: Shop and pay as usual
Step 3: Earn reward tokens and redeem
Step 4: Collect NFT cards to earn up to 4X more

Download our app on both Google Play and App Store at: https://shopnext.io/download

ShopNEXT is a Web3 Loyalty Platform powered by Visa and BNB Chain. We utilize card payment, NFT, and gamification to invent the Shop-To-Earn model.

Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.

Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.

The Theta team has created a customer-centric business plan for their growing ecosystem of services focused on esports, music, TV, movies, and education. The list of Theta Network partners includes video platforms like Samsung VR, Cinedigm, Shout! Factory, Pandora.tv, Play Labs, and THETA.tv.

Wrapped THETA

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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