What is Shping?
Shping is an innovative, shopper-marketing and consumer protection ecosystem that enables participating brands and organisations the opportunity to reward shoppers who use the Shping App with a new cryptocurrency called Shping Coin. By scanning product barcodes with the App, shoppers can reveal useful information, contribute product reviews, or activate actions set by brands to unlock more Shping Coins.
For businesses, Shping offers a new way to market to shoppers at the critical point of purchase while enabling brands to gather analytics to help inform their strategic decisions. The Shping Ecosystem is built on product information provided by a scalable number of trusted and verified data sources. This include data from participating brands, and a growing list of strategic partners including GS1 local members, certification and government authorities, product recall portals, and Everledger who have created a global, digital ledger that tracks, protects and stores the provenance of diamonds and valuable assets.
Along with crowdsourced data (from Shping App users), the data is collected from these sources into a continuously updated, distributed product database; at over 30 million products and growing, it is on the way to becoming the biggest in the world. Shping is making shopping a smarter, safer and more rewarding experience for all.
How Shping Works
Developed and refined over many years, Shping will combine the world's most comprehensive product database with a shopper marketing and rewards platform that enables, consumers, organisations and brands to work together to help make shopping smarter and safer for everyone.
A MOBILE SEARCH ENGINE FOR PRODUCTS
By scanning barcodes with the Shping app consumers can access comprehensive product information supplied by a variety of authorised data sources, participating brands and other consumers to help them make smarter, safer purchases.
EMPOWERS CONSUMERS,BRANDS & RETAILERS
Shping will open up a new ways for brands and retailers to directly communicate to consumers at the critical point of purchase, making the shopping experience more meaningful, helpful and rewarding.
REWARDS SMARTER SHOPPING CHOICES
Shping Coin is the central token of exchange that brands will use to incentivise and reward consumers to scan their products, influence buying behaviour and participate in pre and post-purchase marketing activities.
Our Vision for Shping
Shping aims to revolutionise the way we shop by offering brands and retailers the ability to market to consumers while they shop. Yet, unlike advertising, Shping enables brands and retailers to reward the consumer directly for their attention and engagement instead of paying large sums to media and advertising intermediaries. That's a win for businesses and an even bigger win for the customers who buy their products.
Shping Coins will become the currency for this innovative product and marketing ecosystem. As more consumers and brands discover the benefits, we expect Shping Coin to evolve into a desirable, new mobile payment methodology.
1. Million + Tier Bonus: Purchase 1,000,000+ SHPING and receive 25% Bonus + Platinum Status for Life*. A 6th month vesting period applies.
2. Week 3 Bonus (9 March - 15 March (CET): Purchase 200,000 SHPING and receive 5% + Platinum Status for Life*
3. Week 4 Bonus (16 March - 23 March (CET): Purchase 250,000 SHPING and receive Platinum Status for Life*
*Platinum Status for Life enables App Users to earn 10x the standard crypto-reward for actions using the Shping App. Platinum Status for Life holders will also receive stakes in an exclusive airdrop of 20 million SHPING at the conclusion of the Token Sale. The Token Sale will be the only time that Platinum Status for Life will ever be offered for purchase.
- Solid and sufficiently skilled team
- Well established and relevant partnerships
- Patient approach and a good incentive structure to grow the business
- Professional execution of the whole ICO campaign
- The hard cap $372M does not add up to the 10b tokens * $0,01
- With a 10 billion circulating tokens a huge turnover in the system required to raise the token price on the markets
- Few big Asian competitors aiming for the same market space