ShopNEXT
About ShopNEXTWhitepaper
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English
About ShopNEXT
WHITEPAPER
Disclaimers
Abstract
Background Information
How does ShopNEXT work?
What is the NEXT token?
Our Blockchain Platform
Our Tokenomics
How to control the NEXT dilution?
Our Team
Our Current Partners
Our Backers
Our Roadmap
A Day in the Future
LINKS
Website
Telegram
Facebook
Twitter
Blog
Powered By GitBook
Our Tokenomics
With the growth of Binance Smart Chain Ecosystem, ShopNEXT will be built on top of BSC to leverage the existing ecosystem. However, the platform is agnostic and we are looking around for more potential chains to hook on in the future to expand our ecosystem.
Token Ticker
NEXT
Blockchain
BSC
Token type
Utility
Total Token Supply
1,000,000,000
​
Token %
Token Number
Token Price
Vesting Scheme
Angel Round
3%
30,000,000
$0.01
15% at the TGE, 3 month cliff, then 4.25% monthly
Private Round
15%
150,000,000
$0.015
15% at the TGE, 3 month cliff, then 4.25% monthly
Public Round
2%
20,000,000
$0.015
25% at TGE, 3 months cliff, then 25% monthly
Marketing & Partners
10%
100,000,000
​
Monthly in 4 years
Community Rewards
25%
250,000,000
​
Monthly in 4 years
Liquidity
10%
100,000,000
​
20% at TGE, 1 month cliff, then 5% monthly
Company Reserve
15%
150,000,000
​
1 year cliff, then monthly in 3 years
Team
18%
180,000,000
​
1 year cliff, then monthly in 3 years
Advisors
2%
20,000,000
​
1 year cliff, then monthly in 6 months
Token Release Schedule in details
TGE
1 month
2 months
3 months
4 months
5 months
6 months
7 months
8 months
9 months
10 months
11 months
12 months
13 months
14 months
15 months
16 months
17 months
18 months
19 months
20 months
21 months
22 months
23 months
24 months
25 months
26 months
27 months
28 months
29 months
30 months
31 months
32 months
33 months
34 months
35 months
36 months
37 months
38 months
39 months
40 months
41 months
42 months
43 months
44 months
45 months
46 months
47 months
Angel Round
4,500,000
0
0
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
1,275,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Private Round
22,500,000
0
0
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
6,375,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Public Round
5,000,000
0
0
5,000,000
5,000,000
5,000,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Marketing & Partners
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
2,083,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
208,333.33
Community Rewards
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
5,208,333.33
Liquidity
20,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Company Reserve
0
0
0
0
0
0
0
0
0
0
0
0
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
4,166,666.67
Team
0
0
0
0
0
0
0
0
0
0
0
0
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
Advisors
0
0
0
0
0
0
0
0
0
0
0
0
3,333,333.33
3,333,333.33
3,333,333.33
3,333,333.33
333,333.33
3,333,333.33
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
​
59,291,666.67
12,291,666.67
12,291,666.67
24,941,666.67
24,941,666.67
24,941,666.67
19,941,666.67
19,941,666.67
19,941,666.67
19,941,666.67
19,941,666.67
19,941,666.67
32,441,666.67
32,441,666.67
32,441,666.67
32,441,666.67
32,441,666.67
27,441,666.67
24,108,333.33
24,108,333.33
24,108,333.33
24,108,333.33
24,108,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
16,458,333.33
We introduce here the first shop-to-earn model that boosts the shopping experience to the next level. It is the first time that a token economy mechanism is designed to give people a chance to earn possibly even more than what they will spend. Let's explore how it works.
We classify our members into normal and MOON users with very different reward schemes. Each ShopNEXT user will have 2 reward balances in the mobile app, cashback and NEXT.
Everyone will get cashback while shopping with ShopNEXT. The percentage of rewards will depend on the commission level of the merchant partners. From this cashback balance, users can withdraw cryptos such as BTC, ETH, BNB, USDT, or NEXT back to their Binance Pay wallets. But the reward will not stop here and this is where the shop-to-earn model gets attractive. We also reward users an amount of NEXT equivalent to their cashback amount regardless of the NEXT price. For every cashback of $0.1, normal users will earn 1 NEXT and they are capped at 1 NEXT per transaction. To increase the limit and earn more, they have to upgrade their level to MOON.
MOON is an exclusive membership tier in our ecosystem. Besides getting 20% more reward in cashback, MOONers also earn 5X reward multiplier in NEXT compared to normal users. MOONers are capped at 50 NEXT reward per transaction. Please refer to the example below to understand how it works. In order to become a MOONer, users have to lock NEXT in their Metamask Wallet. The exact amount will be announced at the public launching but it won’t be set too high to make MOON level accessible to everyone.
Let's explore the following case to understand more how reward tiers work.
  • Use Case 1: A normal user completes a qualifying purchase of $100 at a store through the ShopNEXT app. The store has a crypto back percentage of 5%. So the user will receive a reward value: $100 x 5% = $5. This user can withdraw this amount to any supported crypto on the ShopNEXT app to their Binance Pay wallet. Additionally, the user will receive an amount of NEXT for free. In theory, the user can earn $5/$0.1 = 50 NEXT but the reward cap for normal users is 1 NEXT/transaction so this person can only receive 1 NEXT here.
  • Use Case 2: A MOONer also completes a qualifying purchase of $100 at a store through the ShopNEXT app. As in Use Case 1, the store has a crypto back percentage of 5%. MOONers receive 20% more in cashback so the user will receive a reward value: $100 x 5%x(1+20%) = $6. The user can withdraw this amount to any supported crypto on the ShopNEXT app like in Use Case 1. For NEXT reward, at the MOON level, this user has a 5X reward multiplier, so the user can also receive an additional amount of (($100x5%)/$0.1)*5= 250 NEXT theoretically. However, due to the reward cap, this user will only earn 50 NEXT, still 50X more than a normal user in the same scenario.
In additional to mentioned benefits, MOONers can also have some privileges such as:
  • Participate in weekly flash-sales
  • Join exclusive sales for limited items (rare concert and sport tickets, limited merchandise items, etc.)
  • Exclusive gift voucher rewards
We will gradually bring more benefits to MOONers to make this level appealing and attainable to most users. Every month, the top several MOONers will share a very generous prize pool. The requirements to be selected as MOTM are dynamic and determined by the scoring metrics of the token holding duration, the amount of NEXT holding, number of transactions and number of referrals, etc. Details of those metrics will be announced close to the launch of our public sale.
The community rewards fund is expected to last for many years. However in case there is a huge adoption in ShopNEXT, we can easily adjust the 2 factors: the amount of cashback to be rewarded for a NEXT and reward multiplier for MOON level, to make sure our people will always be able to earn NEXT rewards besides the cashback. For now, this is our policy at the token launch, future adjustment will be announced in due course:
Cash back amount to earn 1 NEXT
$0.1
Cap for NEXT reward per transaction for normal users
1 NEXT
Cap for NEXT reward per transaction for MOONer
50 NEXT
NEXT reward multiplier for MOONer
5X
Cashback bonus for MOONer
20%
Amount of NEXT locking to become MOONer
3844
Prize pool for for Top MOTM
TBA
To further strengthen our token economics, depending on market and business conditions, ShopNEXT may use part of our quarterly revenue to buy back NEXT from the market to top up our community reward fund. For the 1st year, we can use up to 50% of quarterly revenue for this purpose if applicable. The percentage of revenue used for subsequent years will be announced later in due course based on the growth of our ecosystem. There will also be many in-app mini-games that people have to use NEXT to participate in, which will be the main source for us to earn NEXT back. These games will also make people engage with our app on a daily basis. All the NEXT tokens collected from those activities will be kept in our Community Rewards for future use.
Decoupling reward in NEXT to the NEXT price is the key thing for our Shop-To-Earn business model. We anticipate over time the NEXT price increases will make the MOON level hard to achieve. To overcome this issue we will periodically organize flash sales to let people join the MOON level with lesser NEXT locking. By this way, we can make MOON level not only attractive but also accessible to everyone. Unlike other crypto projects where the users are limited to crypto users, ShopNEXT is a hybrid platform that can attract not only current crypto people but also billions of eCommerce users. As the world is growing at an unpredictable pace, the fixed tokenomics model is not ideal to capture the changes in real life. ShopNEXT dynamic token economy model with adjustable factors will make us adapt better to the growth of our ecosystem and expand sustainably.
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