Crypto-currencies have been with us longer than we think. In fact, it’s been 11 years since Bitcoin was invented. The adaptation of the currency will clearly come from two major sectors: gaming and online commerce. The Shopereum company offers a wide range of possible solutions related to e-commerce and cryptocurrencies. Shopereum’s goal is to accelerate the adoption of crypto-currency to provide more opportunities for merchants and shoppers around the world. The project runs with its own token (xShop), which works on the Ethereum Blochchain.

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Although the company offers various functions, one could say that the development team is committed to being an integrated marketplace of all kinds of techniques related to e-commerce. This gives the customer the opportunity to access different markets independently of software and with transparency. The seller has the chance to develop his markets without having to search on thousands of platforms.

As a basic starting point, Shopereum offers us to buy with the main crypto currencies (BTC, LTC, ETH, XRP, etc.), the native xShop token (which offers a 5% discount on your purchases) or with Fiat money. In recent years, the biggest problem in e-commerce for crypto currencies has always been the same: adoption and online shops are not connected. Online stores that accept crypto currency as a payment method have few users and small marketing budgets. Where we have a wide user base (Amazon, AliExpress etc.) there is no possibility to pay with crypto currency.
So far, all approaches in this regard are based on wallets and extensions or plug-ins for browsers that allow you to pay with crypto currencies in some of these popular websites. However, they are only a stopgap solution, not a final solution. The goal of Shopereum is to go one step further and integrate all of this into a single marketplace within the platform itself.

The business model

Via Shopereum, owners of small online shops can easily integrate themselves and thus gain access to a much larger base of potential customers. Not only can technical problems be solved with Shopereum technology, payment platforms can also be set up to receive payments in any currency. Buyers have the advantage that many markets are gathered in the same portal and have the possibility to receive additional discounts (payment with xShop token) and use their crypto-currencies for purchases. In addition, Shopereum informs us that this drop-shipping strategy – which in itself would be a breakthrough compared to current e-commerce options in crypto-currencies – will be complemented and enhanced by an artificial intelligence (AI) tool that optimises the search to find the best products at the best prices in each of the integrated markets.

The xShop token

The token for the operation of the platform is the x-Shop Token, it enables the receipt of discounts.
The name: Shopereum token v1.0
– Symbol: xShop
– Technology: ERC-20 token
– Total quantity: 600.000.000
– Free circulation: 180.000.000

The developers estimate that the platform will be ready to go live in August 2020. However, trading with the tokens already started on 25 January.