Shping

Shping

SHPING
$0.011232621%0.24

Key Metrics

Price$0.011232621
Real Volume (24H)$1,530,721.93
Marketcap$25,686,660.8
Fully Diluted ValuationN/A
ATH$0.102288
ATH Date1/20/2022, 11:54:40 AM
ATL$0.000000029996
ATL Date5/7/2020, 12:08:29 AM
Circulating SupplyN/A
Total Supply10B
WebsiteN/A
WhitepaperN/A
Popularity Rank978
Chart
What is Shping?

Shping (SHPING) is a unique cryptocurrency operating on the Ethereum platform. The Shping platform leverages Ethereum smart contracts, a cutting-edge blockchain protocol, to facilitate product traceability using hyperledger and GS1 standards. With the assistance of Hyperledger Fabric, an adaptable and secure architecture for distributed ledgers, the platform ensures robustness, scalability, and customization. By adhering to GS1's global identification and structured data standard, the blockchain network fosters enterprise adoption and establishes a unified shared version of supply chain and logistics events. This approach enhances data integrity, trust between parties, and reduces duplication and coordination issues.

At its core, the Shping platform is a distinctive self-service shopper e-commerce system. As outlined in the whitepaper, while digital advertising platforms primarily impact online sales, Shping enables brands and retailers to engage with consumers during in-store shopping experiences. However, unlike traditional advertising platforms, Shping incentivizes brands and merchants to allocate their marketing budgets towards directly rewarding customers for their engagement and attention. By shifting the focus to customer rewards instead of large-scale media expenditures, this approach creates a mutually beneficial relationship between businesses and customers.

The platform is guided by four key pillars:

  1. Building the world's leading global product database through blockchain innovation. This constantly updated database allows brands and consumers to access, contribute to, verify, and confirm product information available in the market.

  2. Providing complete supply chain traceability for customers, brands, traders, distributors, and regulatory agencies. This ensures transparency and enables stakeholders to verify the authenticity, reliability, and adherence to standards of a given product.

  3. Offering incentives to consumers for evaluating the quality, authenticity, and practicality of the products they purchase. This empowers consumers to make informed decisions while earning rewards for their assessments.

  4. Enabling brands, merchants, and organizations to reward consumers for engaging with them in a non-disruptive, customer-driven manner, fostering brand loyalty and reputation.

The Shping coin aims to evolve into a renewed medium of exchange that rewards customers, brands, merchants, and associated enterprises. By creating a safer and more informed shopping experience, Shping provides a platform for buyers to shop and share information about products in the market. Through the incentivization of various stakeholders, Shping cultivates a collaborative ecosystem that benefits all participants and promotes responsible consumerism.

As Shping continues to innovate and expand, it strives to revolutionize the way consumers engage with brands, the way brands market their products, and the way product information is shared in the marketplace. By leveraging the power of blockchain technology and cryptocurrency, Shping aims to create a more transparent, trustworthy, and rewarding ecosystem for all stakeholders involved.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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