Profit Sharing among Top 100 Investors
To provide additional value and reward loyalty, Shophekart introduces an innovative profit-sharing mechanism that distributes 50% of the platform’s profit among the top 100 CSHOP token holders. This structure will be managed directly via smart contract, ensuring transparent and consistent rewards for the leading investors throughout the lifetime of the eCommerce operation.
Revenue Distribution Among Top Investors
As Shophekart continues to expand within a rapidly growing eCommerce and RWA market, we project revenue to reach $1 million by the end of 2025. This ambitious yet realistic target underscores the platform’s growth potential and the value of holding CSHOP tokens. Investors who rank in the top 100 will receive profit distributions based on their tier, providing a long-term passive income stream that grows as the platform scales.
Revenue Distribution Among Top Investors
The distribution follows a tiered structure, with higher-ranked investors receiving a larger percentage of the profit, tapering down incrementally. For instance, the top 5 investors collectively receive approximately 9.70% of the profit share, while investors ranked 95–100 share 0.62%, ensuring fair distribution across all top holders.
Weekly Update on Investor Rankings
To maintain transparency, we will update the list of top 100 CSHOP investors weekly. This keeps investors informed about their current standing and helps them understand potential earnings from their holdings, reinforcing a dynamic and engaged community of token holders.
With a lifetime revenue-sharing model built into the smart contract, Shophekart not only incentivizes CSHOP holders but also cultivates a loyal community that shares in the platform’s success.
Original information: https://shophekart.gitbook.io/shophekart/cshop-token/profit-sharing-among-top-100-investors
Topic: Welcome to Shophekart [RWA] (Read 96 times)
Web3 eCommerce: A New Frontier in Retail
Link: https://medium.com/@cryptoshophe/web3-ecommerce-a-new-frontier-in-retail-1067801a47cd
ShopheKart: Revolutionizing Ecommerce with Web3 and Blockchain
Link: https://medium.com/@cryptoshophe/shophekart-revolutionizing-ecommerce-with-web3-and-blockchain-5d1f2d088f46
CSHOP: Token Economics
Link:https://medium.com/@cryptoshophe/cshop-token-economics-a745ed24c5a3
CSHOP: Staking for Rewards
Link: https://medium.com/@cryptoshophe/cshop-staking-for-rewards-420f6d27b251
ShopheKart Team: Our Journey from Flipkart to Building the Future of E-commerce
Link: https://medium.com/@cryptoshophe/shophekart-team-experience-in-building-e-commerce-c4b844a525e4
How to Participate in the Presale (Coming soon).
Link: https://medium.com/@cryptoshophe/how-to-participate-in-the-presale-72f86435a8c8
Link: https://medium.com/@cryptoshophe/web3-ecommerce-a-new-frontier-in-retail-1067801a47cd
ShopheKart: Revolutionizing Ecommerce with Web3 and Blockchain
Link: https://medium.com/@cryptoshophe/shophekart-revolutionizing-ecommerce-with-web3-and-blockchain-5d1f2d088f46
CSHOP: Token Economics
Link:https://medium.com/@cryptoshophe/cshop-token-economics-a745ed24c5a3
CSHOP: Staking for Rewards
Link: https://medium.com/@cryptoshophe/cshop-staking-for-rewards-420f6d27b251
ShopheKart Team: Our Journey from Flipkart to Building the Future of E-commerce
Link: https://medium.com/@cryptoshophe/shophekart-team-experience-in-building-e-commerce-c4b844a525e4
How to Participate in the Presale (Coming soon).
Link: https://medium.com/@cryptoshophe/how-to-participate-in-the-presale-72f86435a8c8
ShopheKart: Revolutionizing Ecommerce with Web3 and Blockchain
ShopheKart is set to redefine the global ecommerce landscape as the world’s first platform to fully integrate web3 and blockchain technologies. This pioneering venture offers a compelling investment opportunity, capitalizing on the burgeoning intersection of technology and consumer behavior.
A Paradigm Shift in Ecommerce
Traditional ecommerce models are often characterized by centralized control, data privacy concerns, and inefficient supply chains. ShopheKart addresses these limitations by introducing a decentralized, transparent, and secure ecosystem. Key innovations include:
Decentralized data storage: By leveraging blockchain technology, ShopheKart ensures that product data, transactions, and consumer information are stored securely and immutably across a distributed network. This eliminates the risk of data breaches and enhances trust between businesses and consumers.
Smart contracts for automation: Smart contracts automate various aspects of the ecommerce process, such as order fulfillment, payments, and returns. This significantly reduces operational costs, improves efficiency, and minimizes the potential for human error.
Tokenized economy: ShopheKart will introduce its own utility token, enabling a range of innovative features, including:
Loyalty rewards: Customers can earn tokens for purchases, which can be redeemed for discounts or exclusive products.
Governance: Token holders can participate in platform governance decisions, shaping the future of ShopheKart.
Marketplace for digital assets: The platform can facilitate the trading of digital assets, such as NFTs, further expanding its ecosystem.
Enhanced transparency and traceability: Blockchain technology provides unparalleled transparency into the supply chain, allowing consumers to verify the authenticity of products and track their journey from origin to destination.
A Lucrative Investment Opportunity
The global ecommerce market continues to grow at an exponential rate, driven by increasing internet penetration and changing consumer preferences. ShopheKart is uniquely positioned to capitalize on this growth by offering a superior customer experience and addressing the limitations of existing platforms.
Key investment highlights:
First-mover advantage: As the first ecommerce platform to fully embrace web3 and blockchain technologies, ShopheKart has a significant first-mover advantage.
Large and growing market: The global ecommerce market is expected to reach trillions of dollars in the coming years, providing ample opportunities for growth.
Strong value proposition: ShopheKart offers a compelling value proposition for both businesses and consumers, addressing key pain points in the industry.
Experienced team: The ShopheKart team consists of seasoned professionals with deep expertise in ecommerce, blockchain, and technology.
Conclusion
ShopheKart represents a groundbreaking innovation in the ecommerce industry, offering a compelling investment opportunity for those seeking exposure to the rapidly growing web3 and blockchain sectors. By leveraging decentralized technologies, ShopheKart is poised to revolutionize the way we shop, creating a more transparent, secure, and efficient ecommerce ecosystem.
ShopheKart is set to redefine the global ecommerce landscape as the world’s first platform to fully integrate web3 and blockchain technologies. This pioneering venture offers a compelling investment opportunity, capitalizing on the burgeoning intersection of technology and consumer behavior.
A Paradigm Shift in Ecommerce
Traditional ecommerce models are often characterized by centralized control, data privacy concerns, and inefficient supply chains. ShopheKart addresses these limitations by introducing a decentralized, transparent, and secure ecosystem. Key innovations include:
Decentralized data storage: By leveraging blockchain technology, ShopheKart ensures that product data, transactions, and consumer information are stored securely and immutably across a distributed network. This eliminates the risk of data breaches and enhances trust between businesses and consumers.
Smart contracts for automation: Smart contracts automate various aspects of the ecommerce process, such as order fulfillment, payments, and returns. This significantly reduces operational costs, improves efficiency, and minimizes the potential for human error.
Tokenized economy: ShopheKart will introduce its own utility token, enabling a range of innovative features, including:
Loyalty rewards: Customers can earn tokens for purchases, which can be redeemed for discounts or exclusive products.
Governance: Token holders can participate in platform governance decisions, shaping the future of ShopheKart.
Marketplace for digital assets: The platform can facilitate the trading of digital assets, such as NFTs, further expanding its ecosystem.
Enhanced transparency and traceability: Blockchain technology provides unparalleled transparency into the supply chain, allowing consumers to verify the authenticity of products and track their journey from origin to destination.
A Lucrative Investment Opportunity
The global ecommerce market continues to grow at an exponential rate, driven by increasing internet penetration and changing consumer preferences. ShopheKart is uniquely positioned to capitalize on this growth by offering a superior customer experience and addressing the limitations of existing platforms.
Key investment highlights:
First-mover advantage: As the first ecommerce platform to fully embrace web3 and blockchain technologies, ShopheKart has a significant first-mover advantage.
Large and growing market: The global ecommerce market is expected to reach trillions of dollars in the coming years, providing ample opportunities for growth.
Strong value proposition: ShopheKart offers a compelling value proposition for both businesses and consumers, addressing key pain points in the industry.
Experienced team: The ShopheKart team consists of seasoned professionals with deep expertise in ecommerce, blockchain, and technology.
Conclusion
ShopheKart represents a groundbreaking innovation in the ecommerce industry, offering a compelling investment opportunity for those seeking exposure to the rapidly growing web3 and blockchain sectors. By leveraging decentralized technologies, ShopheKart is poised to revolutionize the way we shop, creating a more transparent, secure, and efficient ecommerce ecosystem.
ShopheKart Team: Our Journey from Flipkart to Building the Future of E-commerce
The ShopheKart team brings a wealth of experience in e-commerce, with roots going back to the inception of India's largest online marketplace, Flipkart. Our story begins in 2007, the same year Flipkart was founded in Bangalore. Initially focused on selling books online, Flipkart quickly expanded its product range to include electronics, fashion, home goods, and more. By 2008, the company was handling 100 orders a day, steadily growing into a dominant force in Indian e-commerce.
Our Early Years at Flipkart
The turning point came in 2010 when Flipkart acquired WeRead, a digital book retailing platform from LuLu.com, significantly strengthening Flipkart's presence in the book industry. With a network of 3 million users and 60 million books, WeRead was a strategic acquisition that helped Flipkart scale its business. Our team members contributed to various aspects of this growth—working on customer service innovations, payment systems, and platform development.
In 2011, Flipkart expanded its digital footprint by acquiring mime360.com, a digital distribution company, and Bollywood content library Chakpak. In the following years, our team became heavily involved in Flipkart's strategic acquisitions, including Letsbuy (an online electronics retailer) and Myntra (an online fashion retailer) in 2014, worth a combined $280 million.
During Flipkart’s Big Billion Days event in October 2014, the company achieved gross sales of $300 million, a testament to the robust systems we helped build. At the same time, Flipkart invested in Ngpay, a mobile payment platform that contributed to the growth of mobile e-commerce, which soon accounted for 50% of Flipkart’s sales.
Building a Team of Innovators
By 2014, our core team had come together at Flipkart. While some focused on payments and platform development, others honed expertise in operations, marketing, and branding. This diverse experience allowed us to form a tight-knit group that thrived in the dynamic e-commerce environment.
As Flipkart grew, so did our involvement. In 2015, we played a crucial role in integrating Appiterate, a mobile marketing automation company, helping personalize customer experiences through targeted marketing. The success of these initiatives solidified Flipkart's position as a leader in the Indian market.
Expanding Our Reach
The momentum continued as Flipkart acquired Jabong.com in 2016, adding another major online apparel retailer to its portfolio. In 2017, we were part of the team that enabled Flipkart to sell 1.3 million phones in just 20 hours during the Big Billion Days event, giving the company a 51% share of Indian smartphone shipments that year.
In August 2018, Walmart acquired a 77% controlling stake in Flipkart for $16 billion, valuing the company at $20 billion. By 2022, Flipkart's valuation had risen to $37.6 billion.
A New Chapter: The Birth of ShopheKart
After leaving Flipkart in 2019, each of us went our separate ways—some founding their own companies, others continuing to lead in marketing and strategy for various enterprises. In early 2023, we reconnected with a shared vision: to create a next-generation e-commerce platform leveraging the power of blockchain technology.
We spent months refining our concept of ShopheKart, a decentralized marketplace where users can buy and sell physical and digital goods without intermediaries. Blockchain's transparency and security offer a revolutionary solution to many of the challenges we faced in the past—regulatory hurdles, compliance, and centralized control. With blockchain, these barriers disappear, allowing for a more seamless, efficient, and user-driven e-commerce experience.
We were joined by blockchain experts who have been working in the field since 2016, adding technical expertise to our team's extensive e-commerce experience. This combination of skills positions us to build a platform that not only matches but surpasses the scale and success we helped achieve at Flipkart.
Looking Ahead
Our focus is entirely on delivering the best product and experience to our users. While the ShopheKart team consists of seasoned professionals with deep expertise in e-commerce and blockchain, we've chosen to keep the focus on the platform itself rather than individual team members. This approach allows us to work behind the scenes and prioritize innovation, execution, and community building, while ensuring that ShopheKart remains the star of the show.
We invite you to join us on this exciting journey. Stay connected with us through our website and social media for updates on our launch, features, and community initiatives! What features are you most excited to see in the future of e-commerce? Let us know your thoughts!
ShopheKart is our homage to the experiences and lessons learned during our Flipkart journey, and we look forward to shaping the future of e-commerce together.
Best regards,
The ShopheKart Veterans Team
The ShopheKart team brings a wealth of experience in e-commerce, with roots going back to the inception of India's largest online marketplace, Flipkart. Our story begins in 2007, the same year Flipkart was founded in Bangalore. Initially focused on selling books online, Flipkart quickly expanded its product range to include electronics, fashion, home goods, and more. By 2008, the company was handling 100 orders a day, steadily growing into a dominant force in Indian e-commerce.
Our Early Years at Flipkart
The turning point came in 2010 when Flipkart acquired WeRead, a digital book retailing platform from LuLu.com, significantly strengthening Flipkart's presence in the book industry. With a network of 3 million users and 60 million books, WeRead was a strategic acquisition that helped Flipkart scale its business. Our team members contributed to various aspects of this growth—working on customer service innovations, payment systems, and platform development.
In 2011, Flipkart expanded its digital footprint by acquiring mime360.com, a digital distribution company, and Bollywood content library Chakpak. In the following years, our team became heavily involved in Flipkart's strategic acquisitions, including Letsbuy (an online electronics retailer) and Myntra (an online fashion retailer) in 2014, worth a combined $280 million.
During Flipkart’s Big Billion Days event in October 2014, the company achieved gross sales of $300 million, a testament to the robust systems we helped build. At the same time, Flipkart invested in Ngpay, a mobile payment platform that contributed to the growth of mobile e-commerce, which soon accounted for 50% of Flipkart’s sales.
Building a Team of Innovators
By 2014, our core team had come together at Flipkart. While some focused on payments and platform development, others honed expertise in operations, marketing, and branding. This diverse experience allowed us to form a tight-knit group that thrived in the dynamic e-commerce environment.
As Flipkart grew, so did our involvement. In 2015, we played a crucial role in integrating Appiterate, a mobile marketing automation company, helping personalize customer experiences through targeted marketing. The success of these initiatives solidified Flipkart's position as a leader in the Indian market.
Expanding Our Reach
The momentum continued as Flipkart acquired Jabong.com in 2016, adding another major online apparel retailer to its portfolio. In 2017, we were part of the team that enabled Flipkart to sell 1.3 million phones in just 20 hours during the Big Billion Days event, giving the company a 51% share of Indian smartphone shipments that year.
In August 2018, Walmart acquired a 77% controlling stake in Flipkart for $16 billion, valuing the company at $20 billion. By 2022, Flipkart's valuation had risen to $37.6 billion.
A New Chapter: The Birth of ShopheKart
After leaving Flipkart in 2019, each of us went our separate ways—some founding their own companies, others continuing to lead in marketing and strategy for various enterprises. In early 2023, we reconnected with a shared vision: to create a next-generation e-commerce platform leveraging the power of blockchain technology.
We spent months refining our concept of ShopheKart, a decentralized marketplace where users can buy and sell physical and digital goods without intermediaries. Blockchain's transparency and security offer a revolutionary solution to many of the challenges we faced in the past—regulatory hurdles, compliance, and centralized control. With blockchain, these barriers disappear, allowing for a more seamless, efficient, and user-driven e-commerce experience.
We were joined by blockchain experts who have been working in the field since 2016, adding technical expertise to our team's extensive e-commerce experience. This combination of skills positions us to build a platform that not only matches but surpasses the scale and success we helped achieve at Flipkart.
Looking Ahead
Our focus is entirely on delivering the best product and experience to our users. While the ShopheKart team consists of seasoned professionals with deep expertise in e-commerce and blockchain, we've chosen to keep the focus on the platform itself rather than individual team members. This approach allows us to work behind the scenes and prioritize innovation, execution, and community building, while ensuring that ShopheKart remains the star of the show.
We invite you to join us on this exciting journey. Stay connected with us through our website and social media for updates on our launch, features, and community initiatives! What features are you most excited to see in the future of e-commerce? Let us know your thoughts!
ShopheKart is our homage to the experiences and lessons learned during our Flipkart journey, and we look forward to shaping the future of e-commerce together.
Best regards,
The ShopheKart Veterans Team
Web3 eCommerce: A New Frontier in Retail
The advent of Web3 has ushered in a new era of digital commerce, fundamentally transforming traditional eCommerce models. While it’s still early days, the potential for Web3 eCommerce to revolutionize the industry is undeniable. Here’s why:
Decentralization and Trust: Web3 leverages blockchain technology to create decentralized marketplaces. This means that transactions are recorded on a public ledger, eliminating the need for intermediaries and increasing trust between buyers and sellers.
Digital Ownership: NFTs (Non-Fungible Tokens) allow for the unique identification and ownership of digital assets. In eCommerce, NFTs can represent physical products, digital goods, or even virtual experiences, providing buyers with verifiable proof of ownership.
Enhanced Customer Experience: Web3 offers a more immersive and personalized shopping experience. By leveraging smart contracts and decentralized identity solutions, businesses can create tailored offers and streamline the checkout process.
Supply Chain Transparency: Blockchain technology enables greater transparency in supply chains. Consumers can trace the journey of a product from its origin to the point of sale, ensuring authenticity and ethical sourcing.
New Business Models: Web3 opens up new revenue streams and business models, such as decentralized autonomous organizations (DAOs) and subscription-based marketplaces.
However, it’s important to note that Web3 eCommerce is still in its early stages, and there are challenges to overcome, including:
Scalability: Blockchain networks can be slow and expensive, limiting their scalability for large-scale eCommerce applications.
Regulatory Uncertainty: The regulatory landscape for Web3 is still evolving, creating uncertainty for businesses and consumers.
User Experience: While Web3 offers many benefits, the technology can be complex for average consumers to understand and use.
In conclusion, Web3 eCommerce has the potential to revolutionize the retail industry by creating more transparent, trustless, and customer-centric marketplaces. While there are challenges to overcome, the long-term implications of this technology are significant. As blockchain technology matures and becomes more widely adopted, we can expect to see even more innovative applications in eCommerce.
The advent of Web3 has ushered in a new era of digital commerce, fundamentally transforming traditional eCommerce models. While it’s still early days, the potential for Web3 eCommerce to revolutionize the industry is undeniable. Here’s why:
Decentralization and Trust: Web3 leverages blockchain technology to create decentralized marketplaces. This means that transactions are recorded on a public ledger, eliminating the need for intermediaries and increasing trust between buyers and sellers.
Digital Ownership: NFTs (Non-Fungible Tokens) allow for the unique identification and ownership of digital assets. In eCommerce, NFTs can represent physical products, digital goods, or even virtual experiences, providing buyers with verifiable proof of ownership.
Enhanced Customer Experience: Web3 offers a more immersive and personalized shopping experience. By leveraging smart contracts and decentralized identity solutions, businesses can create tailored offers and streamline the checkout process.
Supply Chain Transparency: Blockchain technology enables greater transparency in supply chains. Consumers can trace the journey of a product from its origin to the point of sale, ensuring authenticity and ethical sourcing.
New Business Models: Web3 opens up new revenue streams and business models, such as decentralized autonomous organizations (DAOs) and subscription-based marketplaces.
However, it’s important to note that Web3 eCommerce is still in its early stages, and there are challenges to overcome, including:
Scalability: Blockchain networks can be slow and expensive, limiting their scalability for large-scale eCommerce applications.
Regulatory Uncertainty: The regulatory landscape for Web3 is still evolving, creating uncertainty for businesses and consumers.
User Experience: While Web3 offers many benefits, the technology can be complex for average consumers to understand and use.
In conclusion, Web3 eCommerce has the potential to revolutionize the retail industry by creating more transparent, trustless, and customer-centric marketplaces. While there are challenges to overcome, the long-term implications of this technology are significant. As blockchain technology matures and becomes more widely adopted, we can expect to see even more innovative applications in eCommerce.
Find us here
Website: https://shophekart.com/
Twitter: https://x.com/shophekart
Telegram: https://t.me/shophekart
Instagram: https://www.instagram.com/shophekart/
All links: https://linktr.ee/shophekart or https://link3.to/MN227LK4
Emails
Support: [email protected]
Business: [email protected]
Website: https://shophekart.com/
Twitter: https://x.com/shophekart
Telegram: https://t.me/shophekart
Instagram: https://www.instagram.com/shophekart/
All links: https://linktr.ee/shophekart or https://link3.to/MN227LK4
Emails
Support: [email protected]
Business: [email protected]
Buy $CSHOP
We are excited to announce the presale of our CSHOP tokens, providing early supporters with a unique opportunity to acquire tokens before the public sale. Here’s everything you need to know about participating in the presale:
Presale Phases
Our presale is divided into three distinct phases, each with its own pricing and allocation:
1. Private Sale 1
Allocation: 20% of total supply
Token Price: $0.0030 per CSHOP
Fundraising Target: $480,000
Details: Unsold tokens will be burned, making this a limited-time offer to get in early.
2. Private Sale 2
Allocation: 12% of total supply
Token Price: $0.0040 per CSHOP
Fundraising Target: $384,000
Details: Unsold tokens will be burned, providing another opportunity to secure tokens before the public sale.
3. Public Sale
Allocation: 8% of total supply
Token Price: $0.0050 per CSHOP
Fundraising Target: $320,000
Details: Unsold tokens will be burned, ensuring a fair distribution for the general public.
How to Participate in the Presale
1. Register for the Presale
Sign Up: Visit the Shophekart website sign up first. Provide necessary information and agree to the terms and conditions.
2. Prepare Your Wallet
Compatible Wallet: Ensure you have a compatible cryptocurrency wallet that supports ERC-20 tokens, such as MetaMask or Trust Wallet.
Funding: Deposit the required cryptocurrency (e.g., USDT, USDC, BNB) into your wallet.
3. Purchase $CSHOP Tokens
Access Presale Portal: Once registered, you’ll receive access to the presale portal.
Select Phase and Amount: Choose the presale phase you want to participate in and specify the amount of CSHOP tokens you wish to purchase.
Complete Transaction: Transfer the required cryptocurrency to the provided smart contract address. Confirm the transaction details before finalizing.
4. Receive Your Tokens
Distribution: CSHOP tokens will be distributed to your wallet after the presale ends. You will receive a notification once the tokens are transferred.
Presale Benefits
Discounted Rates: Participate early to benefit from discounted token prices.
Early Access: Secure your tokens before the public sale, giving you an early stake in the Shophekart ecosystem.
DAO Participation: From the moment you join the presale, you gain access to participate in the Shophekart DAO (Decentralized Autonomous Organization). This allows you to be involved in governance decisions, propose changes, and vote on key issues that shape the future of the Shophekart platform.
We are excited to announce the presale of our CSHOP tokens, providing early supporters with a unique opportunity to acquire tokens before the public sale. Here’s everything you need to know about participating in the presale:
Presale Phases
Our presale is divided into three distinct phases, each with its own pricing and allocation:
1. Private Sale 1
Allocation: 20% of total supply
Token Price: $0.0030 per CSHOP
Fundraising Target: $480,000
Details: Unsold tokens will be burned, making this a limited-time offer to get in early.
2. Private Sale 2
Allocation: 12% of total supply
Token Price: $0.0040 per CSHOP
Fundraising Target: $384,000
Details: Unsold tokens will be burned, providing another opportunity to secure tokens before the public sale.
3. Public Sale
Allocation: 8% of total supply
Token Price: $0.0050 per CSHOP
Fundraising Target: $320,000
Details: Unsold tokens will be burned, ensuring a fair distribution for the general public.
How to Participate in the Presale
1. Register for the Presale
Sign Up: Visit the Shophekart website sign up first. Provide necessary information and agree to the terms and conditions.
2. Prepare Your Wallet
Compatible Wallet: Ensure you have a compatible cryptocurrency wallet that supports ERC-20 tokens, such as MetaMask or Trust Wallet.
Funding: Deposit the required cryptocurrency (e.g., USDT, USDC, BNB) into your wallet.
3. Purchase $CSHOP Tokens
Access Presale Portal: Once registered, you’ll receive access to the presale portal.
Select Phase and Amount: Choose the presale phase you want to participate in and specify the amount of CSHOP tokens you wish to purchase.
Complete Transaction: Transfer the required cryptocurrency to the provided smart contract address. Confirm the transaction details before finalizing.
4. Receive Your Tokens
Distribution: CSHOP tokens will be distributed to your wallet after the presale ends. You will receive a notification once the tokens are transferred.
Presale Benefits
Discounted Rates: Participate early to benefit from discounted token prices.
Early Access: Secure your tokens before the public sale, giving you an early stake in the Shophekart ecosystem.
DAO Participation: From the moment you join the presale, you gain access to participate in the Shophekart DAO (Decentralized Autonomous Organization). This allows you to be involved in governance decisions, propose changes, and vote on key issues that shape the future of the Shophekart platform.
Staking for Rewards
Staking involves locking up a certain amount of CSHOP tokens into a smart contract for a predetermined period. In return, users receive rewards based on the amount of tokens staked and the duration of the stake. This process not only helps secure the platform but also provides users with the opportunity to earn additional tokens.
Staking Benefits
1. Earn Rewards
Staking CSHOP tokens allows users to earn rewards in the form of additional tokens. The longer and larger the stake, the greater the rewards. This system is designed to incentivize users to lock their tokens and support the network’s stability.
2. Exclusive Access
Staking CSHOP tokens can also grant users access to exclusive features, such as early access to new products, special discounts, or VIP events within the Shophekart marketplace.
3. Lower Transaction Fees
Users who stake CSHOP tokens may benefit from reduced transaction fees on the Shophekart platform. This can result in significant savings for frequent traders and buyers.
4. Enhanced Platform Security
By staking tokens, users contribute to the security and stability of the Shophekart platform. The staked tokens help ensure the smooth operation of the network and the integrity of transactions.
How to Stake CSHOP Tokens
1. Choose a Staking Period
Users can select from various staking periods, each offering different reward rates. Longer staking periods typically yield higher rewards.
2. Lock Your Tokens
Transfer the desired amount of CSHOP tokens into the staking smart contract through the Shophekart platform’s staking interface. Tokens will be locked for the duration of the chosen staking period.
3. Earn Rewards
During the staking period, rewards will accumulate based on the amount staked and the duration of the lock. Users can track their rewards and staking progress through their Shophekart account.
4. Unstaking
After the staking period concludes, users can choose to either withdraw their tokens or reinvest them into a new staking contract. Unstaking may be subject to certain conditions or waiting periods depending on the chosen staking option.
Token Allocation for Staking
Total Allocation: 5% of the total CSHOP supply (40 million tokens)
Vesting: Tokens allocated for staking have a 6-month cliff, after which they are 100% unlocked. This approach ensures that rewards are available once the staking period ends, promoting long-term participation.
Staking involves locking up a certain amount of CSHOP tokens into a smart contract for a predetermined period. In return, users receive rewards based on the amount of tokens staked and the duration of the stake. This process not only helps secure the platform but also provides users with the opportunity to earn additional tokens.
Staking Benefits
1. Earn Rewards
Staking CSHOP tokens allows users to earn rewards in the form of additional tokens. The longer and larger the stake, the greater the rewards. This system is designed to incentivize users to lock their tokens and support the network’s stability.
2. Exclusive Access
Staking CSHOP tokens can also grant users access to exclusive features, such as early access to new products, special discounts, or VIP events within the Shophekart marketplace.
3. Lower Transaction Fees
Users who stake CSHOP tokens may benefit from reduced transaction fees on the Shophekart platform. This can result in significant savings for frequent traders and buyers.
4. Enhanced Platform Security
By staking tokens, users contribute to the security and stability of the Shophekart platform. The staked tokens help ensure the smooth operation of the network and the integrity of transactions.
How to Stake CSHOP Tokens
1. Choose a Staking Period
Users can select from various staking periods, each offering different reward rates. Longer staking periods typically yield higher rewards.
2. Lock Your Tokens
Transfer the desired amount of CSHOP tokens into the staking smart contract through the Shophekart platform’s staking interface. Tokens will be locked for the duration of the chosen staking period.
3. Earn Rewards
During the staking period, rewards will accumulate based on the amount staked and the duration of the lock. Users can track their rewards and staking progress through their Shophekart account.
4. Unstaking
After the staking period concludes, users can choose to either withdraw their tokens or reinvest them into a new staking contract. Unstaking may be subject to certain conditions or waiting periods depending on the chosen staking option.
Token Allocation for Staking
Total Allocation: 5% of the total CSHOP supply (40 million tokens)
Vesting: Tokens allocated for staking have a 6-month cliff, after which they are 100% unlocked. This approach ensures that rewards are available once the staking period ends, promoting long-term participation.
Token Economics
The total supply of CSHOP tokens is set at 800 million, it distributed across different functions to ensure the sustainable growth and development of the Shophekart ecosystem. Here’s a breakdown of how the token distribution is structured, including vesting schedules to promote long-term commitment and stability.
1. Private Sale 1 (20%)
Allocation: 160 million tokens
Vesting: 40% is unlocked at the Token Generation Event (TGE), followed by a 1-month cliff, after which tokens vest at 0.5% per day.
2. Private Sale 2 (12%)
Allocation: 96 million tokens
Vesting: Similar to Private Sale 1, 40% is unlocked at TGE, with a 1-month cliff, then vesting at 0.5% per day.
3. Public Sale (8%)
Allocation: 64 million tokens
Vesting: 25% is unlocked at TGE, followed by a 1-month cliff, with the remainder vesting at 5% monthly.
4. Staking (5%)
Allocation: 40 million tokens
Vesting: For staking incentives, these tokens have a 6-month cliff and are 100% unlocked after that. This encourages long-term staking participation and helps maintain network stability.
5. Advisor Allocation (5%)
Allocation: 40 million tokens
Vesting: Advisors are rewarded with a 6-month cliff, followed by linear vesting over 12 months, ensuring long-term alignment with the project.
6. Liquidity (16%)
Allocation: 128 million tokens
Vesting: To ensure sufficient liquidity across exchanges, 40% is unlocked at TGE, with the remaining tokens vesting linearly over 6 months.
7. Partnerships (6%)
Allocation: 48 million tokens
Vesting: These tokens have a 6-month cliff, followed by linear vesting over 12 months, supporting long-term collaborations and strategic alliances.
8. Team Allocation (10%)
Allocation: 80 million tokens
Vesting: Tokens allocated to the core team have a 10-month cliff, followed by linear vesting over 12 months, ensuring sustained commitment to the platform's development.
9. Protocol Development (12%)
Allocation: 96 million tokens
Vesting: For ongoing platform development, these tokens have a 3-month cliff, followed by linear vesting over 12 months.
10. Marketing (5%)
Allocation: 40 million tokens
Vesting: Marketing tokens have a 6-month cliff, followed by 12 months of linear vesting, providing the necessary resources for ongoing user acquisition and brand growth.
11. Community Airdrop (1%)
Allocation: 8 million tokens
Vesting: Reserved for community incentives, these tokens are distributed through airdrops, rewarding early adopters and active participants.
The total supply of CSHOP tokens is set at 800 million, it distributed across different functions to ensure the sustainable growth and development of the Shophekart ecosystem. Here’s a breakdown of how the token distribution is structured, including vesting schedules to promote long-term commitment and stability.
1. Private Sale 1 (20%)
Allocation: 160 million tokens
Vesting: 40% is unlocked at the Token Generation Event (TGE), followed by a 1-month cliff, after which tokens vest at 0.5% per day.
2. Private Sale 2 (12%)
Allocation: 96 million tokens
Vesting: Similar to Private Sale 1, 40% is unlocked at TGE, with a 1-month cliff, then vesting at 0.5% per day.
3. Public Sale (8%)
Allocation: 64 million tokens
Vesting: 25% is unlocked at TGE, followed by a 1-month cliff, with the remainder vesting at 5% monthly.
4. Staking (5%)
Allocation: 40 million tokens
Vesting: For staking incentives, these tokens have a 6-month cliff and are 100% unlocked after that. This encourages long-term staking participation and helps maintain network stability.
5. Advisor Allocation (5%)
Allocation: 40 million tokens
Vesting: Advisors are rewarded with a 6-month cliff, followed by linear vesting over 12 months, ensuring long-term alignment with the project.
6. Liquidity (16%)
Allocation: 128 million tokens
Vesting: To ensure sufficient liquidity across exchanges, 40% is unlocked at TGE, with the remaining tokens vesting linearly over 6 months.
7. Partnerships (6%)
Allocation: 48 million tokens
Vesting: These tokens have a 6-month cliff, followed by linear vesting over 12 months, supporting long-term collaborations and strategic alliances.
8. Team Allocation (10%)
Allocation: 80 million tokens
Vesting: Tokens allocated to the core team have a 10-month cliff, followed by linear vesting over 12 months, ensuring sustained commitment to the platform's development.
9. Protocol Development (12%)
Allocation: 96 million tokens
Vesting: For ongoing platform development, these tokens have a 3-month cliff, followed by linear vesting over 12 months.
10. Marketing (5%)
Allocation: 40 million tokens
Vesting: Marketing tokens have a 6-month cliff, followed by 12 months of linear vesting, providing the necessary resources for ongoing user acquisition and brand growth.
11. Community Airdrop (1%)
Allocation: 8 million tokens
Vesting: Reserved for community incentives, these tokens are distributed through airdrops, rewarding early adopters and active participants.
CSHOP Token
The CSHOP Token is the foundational currency that powers the entire Shophekart platform, offering users a seamless and efficient way to conduct transactions, participate in governance, and earn rewards. Designed specifically to enhance the user experience within the decentralized Web3-commerce environment, CSHOP tokens bring a host of benefits that extend far beyond simple payment functionality.
CSHOP Token Use Cases
1. Purchases on the Marketplace
All items listed on Shophekart can be bought using CSHOP tokens, making it the go-to currency for both buyers and sellers. By using CSHOP, users benefit from no platform fees and a unified currency experience, ensuring a smooth transaction process for physical and digital goods.
2. Governance Voting
As a CSHOP token holder, you’ll be able to vote on governance proposals that shape the platform’s evolution. Decisions regarding new features, updates, and fee structures are made through a decentralized voting system, where every vote counts.
3. Staking for Passive Income
Users can stake their CSHOP tokens to earn rewards in the form of additional tokens, exclusive access, and discounts. Staking helps secure the platform, while also providing users with ongoing income opportunities.
4. Special Discounts and Premium Access
Holders of a specified amount of CSHOP tokens can unlock exclusive discounts on transaction fees, early access to new product releases, and invitations to special marketplace events.
5. Cross-Platform Utility
Beyond the Shophekart ecosystem, CSHOP tokens may be integrated with other decentralized platforms and services, enhancing their utility across the broader blockchain ecosystem.
Deflationary Model & Buyback Mechanism
To further enhance the value of the CSHOP token, the platform introduces a deflationary model. Here’s how it works:
Platform Fees:
Users who do not use CSHOP tokens to transact will incur a 1.5% fee on product sales. Additionally, there is a $1 BNB (worth) listing fee for sellers listing products.
Revenue Buyback & Burn:
50% of all platform revenue generated from listing and transaction fees will be used to buy back CSHOP tokens from the open market every quarter.
These purchased tokens will be burned, permanently removing them from circulation.
This quarterly buyback and burn will continue until 50% of the total CSHOP supply has been burned, effectively reducing the circulating supply and increasing the scarcity and value of remaining tokens.
Burn Cap:
Once 50% of the total token supply has been burned, the quarterly buyback and burn mechanism will stop, ensuring a controlled and balanced deflationary approach.
This strategy will reduce token supply over time, increasing scarcity and demand for the remaining tokens, thereby driving up the long-term value for CSHOP token holders.
The CSHOP Token is the foundational currency that powers the entire Shophekart platform, offering users a seamless and efficient way to conduct transactions, participate in governance, and earn rewards. Designed specifically to enhance the user experience within the decentralized Web3-commerce environment, CSHOP tokens bring a host of benefits that extend far beyond simple payment functionality.
CSHOP Token Use Cases
1. Purchases on the Marketplace
All items listed on Shophekart can be bought using CSHOP tokens, making it the go-to currency for both buyers and sellers. By using CSHOP, users benefit from no platform fees and a unified currency experience, ensuring a smooth transaction process for physical and digital goods.
2. Governance Voting
As a CSHOP token holder, you’ll be able to vote on governance proposals that shape the platform’s evolution. Decisions regarding new features, updates, and fee structures are made through a decentralized voting system, where every vote counts.
3. Staking for Passive Income
Users can stake their CSHOP tokens to earn rewards in the form of additional tokens, exclusive access, and discounts. Staking helps secure the platform, while also providing users with ongoing income opportunities.
4. Special Discounts and Premium Access
Holders of a specified amount of CSHOP tokens can unlock exclusive discounts on transaction fees, early access to new product releases, and invitations to special marketplace events.
5. Cross-Platform Utility
Beyond the Shophekart ecosystem, CSHOP tokens may be integrated with other decentralized platforms and services, enhancing their utility across the broader blockchain ecosystem.
Deflationary Model & Buyback Mechanism
To further enhance the value of the CSHOP token, the platform introduces a deflationary model. Here’s how it works:
Platform Fees:
Users who do not use CSHOP tokens to transact will incur a 1.5% fee on product sales. Additionally, there is a $1 BNB (worth) listing fee for sellers listing products.
Revenue Buyback & Burn:
50% of all platform revenue generated from listing and transaction fees will be used to buy back CSHOP tokens from the open market every quarter.
These purchased tokens will be burned, permanently removing them from circulation.
This quarterly buyback and burn will continue until 50% of the total CSHOP supply has been burned, effectively reducing the circulating supply and increasing the scarcity and value of remaining tokens.
Burn Cap:
Once 50% of the total token supply has been burned, the quarterly buyback and burn mechanism will stop, ensuring a controlled and balanced deflationary approach.
This strategy will reduce token supply over time, increasing scarcity and demand for the remaining tokens, thereby driving up the long-term value for CSHOP token holders.
Roadmap
2024 Q4
Fully functional store (MVP)
P2P Messaging
AIShophe (MVP)
Implementation iOS/Android SDK
Multi-Chain Support
2025 Q1
AI Tools - to resolve disputes between users
DataFi
Shophekart Card
Metadata Protection
2025 Q2
Developer API - Store plug-ins / offers (includes banners)
Shophekart for Institutions
Global Expansion
New Features & Services
2025 Q3
Mainnet Launch
Open Source Protocol
Data Node Incentives
Distributed Data Mines
2024 Q4
Fully functional store (MVP)
P2P Messaging
AIShophe (MVP)
Implementation iOS/Android SDK
Multi-Chain Support
2025 Q1
AI Tools - to resolve disputes between users
DataFi
Shophekart Card
Metadata Protection
2025 Q2
Developer API - Store plug-ins / offers (includes banners)
Shophekart for Institutions
Global Expansion
New Features & Services
2025 Q3
Mainnet Launch
Open Source Protocol
Data Node Incentives
Distributed Data Mines
NFT & AI
NFTs: Digital Proof of Authenticity:
Non-Fungible Tokens (NFTs) are unique digital assets that serve as a certificate of authenticity for both digital and physical goods sold on Shophekart. Each NFT is linked to a specific product, ensuring buyers receive a verified, one-of-a-kind item. Whether it’s a rare collectible, limited-edition artwork, or physical merchandise, NFTs add a layer of trust and transparency to every transaction.
For Physical Goods: When users buy a physical product, they also receive an NFT that acts as proof of ownership and authenticity. This NFT stays with the buyer, creating a permanent, unalterable record on the blockchain.
For Digital Assets: NFTs allow digital creators to monetize their work securely. Buyers can trust that what they’re purchasing is an original, verified piece, while sellers can retain royalties through automated smart contracts.
AI-Powered Personalization and Recommendations
To enhance the user experience, Shophekart integrates Artificial Intelligence (AI), making the platform more intuitive and user-centric. AI powers a personalized shopping experience by analyzing user behavior, preferences, and past purchases to provide tailored recommendations. Here’s how AI works with the platform:
Smart Recommendations: By learning users' preferences, AI provides product recommendations that match their interests, streamlining the browsing experience.
Automated Listings: Sellers benefit from AI tools that assist in creating optimized product listings. These AI-driven suggestions help improve descriptions, set ideal pricing, and ensure maximum visibility for listed items.
Fraud Detection: AI algorithms constantly monitor transactions to detect and prevent fraudulent activities, offering an additional layer of security for buyers and sellers alike.
NFTs: Digital Proof of Authenticity:
Non-Fungible Tokens (NFTs) are unique digital assets that serve as a certificate of authenticity for both digital and physical goods sold on Shophekart. Each NFT is linked to a specific product, ensuring buyers receive a verified, one-of-a-kind item. Whether it’s a rare collectible, limited-edition artwork, or physical merchandise, NFTs add a layer of trust and transparency to every transaction.
For Physical Goods: When users buy a physical product, they also receive an NFT that acts as proof of ownership and authenticity. This NFT stays with the buyer, creating a permanent, unalterable record on the blockchain.
For Digital Assets: NFTs allow digital creators to monetize their work securely. Buyers can trust that what they’re purchasing is an original, verified piece, while sellers can retain royalties through automated smart contracts.
AI-Powered Personalization and Recommendations
To enhance the user experience, Shophekart integrates Artificial Intelligence (AI), making the platform more intuitive and user-centric. AI powers a personalized shopping experience by analyzing user behavior, preferences, and past purchases to provide tailored recommendations. Here’s how AI works with the platform:
Smart Recommendations: By learning users' preferences, AI provides product recommendations that match their interests, streamlining the browsing experience.
Automated Listings: Sellers benefit from AI tools that assist in creating optimized product listings. These AI-driven suggestions help improve descriptions, set ideal pricing, and ensure maximum visibility for listed items.
Fraud Detection: AI algorithms constantly monitor transactions to detect and prevent fraudulent activities, offering an additional layer of security for buyers and sellers alike.
Shophekart is more than just an online marketplace—it's a transformative platform that redefines how people buy and sell goods in the digital age. By leveraging blockchain technology, smart contracts, and non-fungible tokens (NFTs), Shophekart offers a unique and secure shopping experience that bridges the gap between traditional e-commerce and the decentralized future.
Decentralized Marketplace: Shophekart provides a decentralized marketplace where users can seamlessly buy, sell, and trade both physical and digital assets. The platform eliminates intermediaries, giving users full control over their transactions. Unlike traditional e-commerce platforms that rely on centralized authorities, Shophekart uses blockchain technology to ensure all transactions are secure, transparent, and immutable. Despite its advanced blockchain foundation, Shophekart offers an intuitive and accessible interface. Users can easily list products, browse through offerings, and complete transactions with just a few clicks.
CSHOP Token: At the core of the Shophekart ecosystem is the CSHOP token, the exclusive currency for transactions on the platform. The use of CSHOP tokens ensures a unified and seamless experience, allowing users to benefit from lower transaction fees and gain access to exclusive features such as staking and rewards programs. Additionally, the CSHOP token plays a crucial role in the platform’s governance, enabling holders to vote on important proposals and help shape the future of Shophekart.
Staking: Shophekart incentivizes user engagement through a comprehensive staking and rewards system. Users can stake their CSHOP tokens to earn additional tokens, discounts, and exclusive access to special events or product releases. By locking tokens into smart contracts for specified periods, users earn rewards based on their stake amount and staking duration. This provides users with passive income while supporting the platform's growth and stability.
CSHOP MasterCard: The Future of Convenient Cryptocurrency Spending is here, The CSHOP MasterCard brings a new level of convenience to cryptocurrency holders. With this card, users can spend their cryptocurrency directly without the need for conversion, saving on exchange fees and simplifying crypto transactions. The CSHOP MasterCard integrates seamlessly with daily life, offering users the flexibility to manage their finances in both physical and virtual environments. This card is designed to meet the needs of modern crypto users, providing them with access to over 29 million merchants worldwide and supporting payments in hundreds of global currencies.
Decentralized Marketplace: Shophekart provides a decentralized marketplace where users can seamlessly buy, sell, and trade both physical and digital assets. The platform eliminates intermediaries, giving users full control over their transactions. Unlike traditional e-commerce platforms that rely on centralized authorities, Shophekart uses blockchain technology to ensure all transactions are secure, transparent, and immutable. Despite its advanced blockchain foundation, Shophekart offers an intuitive and accessible interface. Users can easily list products, browse through offerings, and complete transactions with just a few clicks.
CSHOP Token: At the core of the Shophekart ecosystem is the CSHOP token, the exclusive currency for transactions on the platform. The use of CSHOP tokens ensures a unified and seamless experience, allowing users to benefit from lower transaction fees and gain access to exclusive features such as staking and rewards programs. Additionally, the CSHOP token plays a crucial role in the platform’s governance, enabling holders to vote on important proposals and help shape the future of Shophekart.
Staking: Shophekart incentivizes user engagement through a comprehensive staking and rewards system. Users can stake their CSHOP tokens to earn additional tokens, discounts, and exclusive access to special events or product releases. By locking tokens into smart contracts for specified periods, users earn rewards based on their stake amount and staking duration. This provides users with passive income while supporting the platform's growth and stability.
CSHOP MasterCard: The Future of Convenient Cryptocurrency Spending is here, The CSHOP MasterCard brings a new level of convenience to cryptocurrency holders. With this card, users can spend their cryptocurrency directly without the need for conversion, saving on exchange fees and simplifying crypto transactions. The CSHOP MasterCard integrates seamlessly with daily life, offering users the flexibility to manage their finances in both physical and virtual environments. This card is designed to meet the needs of modern crypto users, providing them with access to over 29 million merchants worldwide and supporting payments in hundreds of global currencies.
Overview Shophekart is a decentralized Web3 platform that supports user shopping, tokenizing luxury goods, and enabling a secondary market for seamless transactions of physical and digital assets within and between applications.
A Decentralized Marketplace Powered by Blockchain and Web3.
Shophekart is a cutting-edge online marketplace that leverages blockchain and Web3 technologies to create a fully decentralized platform for buying and selling both digital and physical goods. Our platform specializes in the tokenization of luxury goods, allowing users to buy, sell, and trade fractional ownership of high-value items such as vintage cars, luxury watches, and fine art.
With features like an auction mechanism and a secondary market for fractional shares, Shophekart offers a secure, transparent, and seamless shopping experience enhanced by non-fungible tokens (NFTs). We empower users to engage in a dynamic ecosystem where luxury assets can be easily accessed, tokenized, and traded, making high-value investments more accessible and liquid than ever before.
Tokenization of Luxury Assets on Shophekart
Shophekart aims to revolutionize the luxury goods market by introducing a tokenization framework for high-value items, including vintage cars, luxury watches, and fine art. This innovative approach will empower users to buy, sell, and trade fractional ownership of these luxury assets securely and transparently through our decentralized platform.
What We Will Tokenize
Luxury Cars: Tokenization of classic and high-end vehicles, allowing owners to sell entire cars or fractional shares, making it accessible to a broader audience of investors and collectors.
Watches: High-value timepieces will be tokenized to verify authenticity and ownership, enabling collectors to trade fractions of luxury watches through NFTs.
Artworks: Fine art pieces will be tokenized, providing a digital certificate of authenticity through NFTs. This will allow art enthusiasts to invest in and own shares of valuable artworks, fostering a new market for fractional art ownership.
Tokenized Collectibles: Items like limited-edition sneakers, rare collectibles, and designer fashion pieces will also be tokenized, enabling a vibrant marketplace for these high-demand products.
Auction Mechanism: Users will have the option to auction their luxury assets, providing a dynamic and competitive environment for buyers and sellers.
Benefits of Tokenization
Fractional Ownership: By enabling fractional ownership, Shophekart makes luxury assets accessible to a wider audience, allowing more individuals to invest in high-value items without the need for significant capital.
Enhanced Liquidity: Tokenization creates a secondary market for fractional shares, providing liquidity for owners who may wish to sell their interests in luxury assets.
Secure and Transparent Transactions: Utilizing blockchain technology ensures all transactions are secure, verifiable, and recorded on an immutable ledger, reducing the risk of fraud and enhancing trust among users.
Global Marketplace: The platform will facilitate cross-border trading of tokenized luxury assets, connecting buyers and sellers from around the world and expanding market reach.
Increased Accessibility: By tokenizing luxury assets, Shophekart democratizes access to high-value investments, allowing users to diversify their portfolios and participate in the luxury market more easily.
Tokenization Process for Luxury Items
Asset Tokenization Process
KYC/AML Compliance: Implement a comprehensive KYC/AML verification system for users who wish to tokenize and list their luxury assets. This step ensures legal compliance by verifying the user's identity and the legitimacy of the asset being tokenized (via certificates, appraisals, or authorized partners).
Minting the NFT: Once the asset is approved, an NFT is minted, serving as a digital certificate of ownership and authenticity. This NFT will include metadata such as the asset’s condition, history, ownership details, and authenticity certificate.
Selling as Physical Goods
Users can list their luxury asset for sale, giving buyers the option to purchase the entire asset or participate in a fractional ownership model.
Fractional Ownership
User Input for Fractions: The asset owner sets a final sale price and a minimum purchase amount for fractional ownership.
Tokenization of Fractions: The luxury item will be divided into fractions, each represented by a separate NFT. Buyers can purchase fractions based on their investment capacity.
Smart Contracts: A smart contract will manage the fractional ownership, ensuring that buyers receive their share of the asset through tokenized ownership.
Revenue Sharing: If the item generates revenue (e.g., art appreciation, car rentals), fractional owners could receive proportional dividends or benefits.
Auction Mechanism
Auction Setup: Sellers can auction off their asset, allowing users to bid in real time using cryptocurrencies.
Reserve Price: Sellers can set a reserve price and auction duration.
Buyout Option: The platform may offer an immediate "Buy Now" option for those who wish to purchase the whole asset or fractions instantly, bypassing the auction process.
Secondary Market
Fractional Resale: Users who own fractions of luxury items can sell their shares on the platform’s secondary market.
Price Determination: Sellers can set a price for their fraction, allowing for a dynamic market where ownership shares are tradable.
Buyback by Platform: If a user cannot find a buyer for their fraction, the platform can automatically buy it back at a predetermined rate, ensuring liquidity in the marketplace.
Fee Structure
Transaction Fees: 1.5% fee will apply to every sale, purchase, or fractional ownership transaction.
Auction Fees: 5% of the final sale price during auctions.
Security and Smart Contracts
Escrow System: Use an escrow-based system to hold the buyer’s funds securely until the transaction (or auction) is completed. The NFT and the physical asset (if applicable) are transferred only after both parties fulfill their obligations.
Asset Custody: For high-value items, consider partnering with luxury custodial services to securely store and transport physical assets, ensuring authenticity and safe transfer.
A Decentralized Marketplace Powered by Blockchain and Web3.
Shophekart is a cutting-edge online marketplace that leverages blockchain and Web3 technologies to create a fully decentralized platform for buying and selling both digital and physical goods. Our platform specializes in the tokenization of luxury goods, allowing users to buy, sell, and trade fractional ownership of high-value items such as vintage cars, luxury watches, and fine art.
With features like an auction mechanism and a secondary market for fractional shares, Shophekart offers a secure, transparent, and seamless shopping experience enhanced by non-fungible tokens (NFTs). We empower users to engage in a dynamic ecosystem where luxury assets can be easily accessed, tokenized, and traded, making high-value investments more accessible and liquid than ever before.
Tokenization of Luxury Assets on Shophekart
Shophekart aims to revolutionize the luxury goods market by introducing a tokenization framework for high-value items, including vintage cars, luxury watches, and fine art. This innovative approach will empower users to buy, sell, and trade fractional ownership of these luxury assets securely and transparently through our decentralized platform.
What We Will Tokenize
Luxury Cars: Tokenization of classic and high-end vehicles, allowing owners to sell entire cars or fractional shares, making it accessible to a broader audience of investors and collectors.
Watches: High-value timepieces will be tokenized to verify authenticity and ownership, enabling collectors to trade fractions of luxury watches through NFTs.
Artworks: Fine art pieces will be tokenized, providing a digital certificate of authenticity through NFTs. This will allow art enthusiasts to invest in and own shares of valuable artworks, fostering a new market for fractional art ownership.
Tokenized Collectibles: Items like limited-edition sneakers, rare collectibles, and designer fashion pieces will also be tokenized, enabling a vibrant marketplace for these high-demand products.
Auction Mechanism: Users will have the option to auction their luxury assets, providing a dynamic and competitive environment for buyers and sellers.
Benefits of Tokenization
Fractional Ownership: By enabling fractional ownership, Shophekart makes luxury assets accessible to a wider audience, allowing more individuals to invest in high-value items without the need for significant capital.
Enhanced Liquidity: Tokenization creates a secondary market for fractional shares, providing liquidity for owners who may wish to sell their interests in luxury assets.
Secure and Transparent Transactions: Utilizing blockchain technology ensures all transactions are secure, verifiable, and recorded on an immutable ledger, reducing the risk of fraud and enhancing trust among users.
Global Marketplace: The platform will facilitate cross-border trading of tokenized luxury assets, connecting buyers and sellers from around the world and expanding market reach.
Increased Accessibility: By tokenizing luxury assets, Shophekart democratizes access to high-value investments, allowing users to diversify their portfolios and participate in the luxury market more easily.
Tokenization Process for Luxury Items
Asset Tokenization Process
KYC/AML Compliance: Implement a comprehensive KYC/AML verification system for users who wish to tokenize and list their luxury assets. This step ensures legal compliance by verifying the user's identity and the legitimacy of the asset being tokenized (via certificates, appraisals, or authorized partners).
Minting the NFT: Once the asset is approved, an NFT is minted, serving as a digital certificate of ownership and authenticity. This NFT will include metadata such as the asset’s condition, history, ownership details, and authenticity certificate.
Selling as Physical Goods
Users can list their luxury asset for sale, giving buyers the option to purchase the entire asset or participate in a fractional ownership model.
Fractional Ownership
User Input for Fractions: The asset owner sets a final sale price and a minimum purchase amount for fractional ownership.
Tokenization of Fractions: The luxury item will be divided into fractions, each represented by a separate NFT. Buyers can purchase fractions based on their investment capacity.
Smart Contracts: A smart contract will manage the fractional ownership, ensuring that buyers receive their share of the asset through tokenized ownership.
Revenue Sharing: If the item generates revenue (e.g., art appreciation, car rentals), fractional owners could receive proportional dividends or benefits.
Auction Mechanism
Auction Setup: Sellers can auction off their asset, allowing users to bid in real time using cryptocurrencies.
Reserve Price: Sellers can set a reserve price and auction duration.
Buyout Option: The platform may offer an immediate "Buy Now" option for those who wish to purchase the whole asset or fractions instantly, bypassing the auction process.
Secondary Market
Fractional Resale: Users who own fractions of luxury items can sell their shares on the platform’s secondary market.
Price Determination: Sellers can set a price for their fraction, allowing for a dynamic market where ownership shares are tradable.
Buyback by Platform: If a user cannot find a buyer for their fraction, the platform can automatically buy it back at a predetermined rate, ensuring liquidity in the marketplace.
Fee Structure
Transaction Fees: 1.5% fee will apply to every sale, purchase, or fractional ownership transaction.
Auction Fees: 5% of the final sale price during auctions.
Security and Smart Contracts
Escrow System: Use an escrow-based system to hold the buyer’s funds securely until the transaction (or auction) is completed. The NFT and the physical asset (if applicable) are transferred only after both parties fulfill their obligations.
Asset Custody: For high-value items, consider partnering with luxury custodial services to securely store and transport physical assets, ensuring authenticity and safe transfer.
Jump to: