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Shping: Everything you need to know

SHPING

Source: CoinMarketCap

We have been in a world of cryptocurrencies for a long time now and over the past couple of years, the industry has managed to make a name for itself in the global marketplace. Not just that, the crypto world has had a surge in its overall growth and popularity recently and has been more than successful in luring in potential investors from all across the globe, thus reaching onto greater heights!

Having said that, I believe, most of you are already familiar with the basics of the industry but, if for some reason that is still not the case, let me help you with that first.

To begin with, cryptocurrency is nothing but a decentralized blockchain-based platform that can easily be used for a variety of purposes including the purchase and sale of goods and services as well as for the purpose of trade and exchange over cryptocurrency exchanges available online.

Being decentralized, the industry becomes more than capable of stepping outside the overall control and jurisdiction of central authorities and can work freely without any unnecessary government interference as well.

Though, when the industry was first introduced, it was nothing like what we see it to be today as not many people were interested to be a part of it back then as investors were very skeptical with respect to the return on their investments and the safety of their money as well, while frankly, not many currencies were available back then either.

On the contrary, looking around today, it feels almost unreal to see how far the industry has come with an entire pool of currencies available today in the marketplace, with newer ones coming in with each passing day and tons of new investors joining in with each passing hour.

SHPING

Source: CryptoCompare.com

Speaking of a lot of currencies available today in the marketplace, some of the most popular ones worth investing in includes Polkadot, Binance Coin, Bitcoin, Cardano, EverGrow Coin, PancakeSwap as well as Ethereum to name just a few of course.

Now, for some of you wondering, how exactly did the industry manage to come so far as and when compared to when it was first introduced? Let me tell you that, some of the major contributing factors for this huge success of the industry include its negligible response time, ease of use, intuitive nature, high-profit margins, the convenience it offers, volatility as well as real-time updates of course.

Being volatile, it is important for you to be aware of the fact that, it is not always possible to predict the price changes and act accordingly as the price fluctuations in the crypto marketplace are almost immediate, thus leaving no time to plan. Therefore, whenever dealing in online currencies, keep in mind that, if the industry is providing you with an opportunity to earn huge profits and make quick money, if not done right, you could also end up having significantly huge losses as well.

Not just that, as per the chatter amongst some of the leading experts on the field, it has come to our notice that, crypto is rapidly progressing towards completely revolutionizing the global payment system and from where I stand, it looks like it has already started to do so as many merchants and businesses have started accepting crypto as an official mode of payment from their customers.

Now that you have a brief backstory about the crypto world, you will be able to have a much better understanding of what we have with us today, Shping. To know more, I suggest you read further!

Everything to know about Shping (SHPING)

SHPING

Source: ChipIn

Shping or as commonly referred to as SHPING is nothing but a cryptocurrency that is known to operate on the popular Ethereum blockchain. In other words, driven by the Ethereum blockchain, Shping is a platform that focuses on incentivizing the brand retailers in order to promote a much safer and secure way for customers on the platform to share product information.

Shping aims to develop the world’s largest global database, which can easily be used by consumers to check information about a given product. Not just that, Shping takes the entire retail industry to a completely different level altogether by totally disrupting how brands interact and discover with their end consumers.

Before moving on any further, it is worth noting that, Shping first started out as a small start-up based out of Melbourne about four years ago, back in 2017, and has now grown to be a trusted partner for hundreds of brands across health and beauty, food and beverages, apparel and jewelry as well as electronics categories.

Also, SHPING is said to be the native utility token of Shping which can easily be used for a variety of purposes on the platform itself. The projects’ team says that they have been able to identify a real disconnect between brands and their respective customers in major brick-and-mortar retailers.

SHPING

Source: whiplash.com

According to Shping, they found that, brands had stories to tell about their products and that customers were craving more in-depth knowledge about the product they are planning on buying. As mentioned, Shping is a robust ecosystem that is able to connect brands to the main grocery buyer as and when they shop, bypassing search engines as well as social media giants, while enabling brands to simply direct their marketing spend directly to the new customer.

In addition to this, for the very first time, with the help of the Shping, brands can gain control over their communication channels with the shoppers directly and are now able to influence purchase decisions of the global army of shoppers in a nearly trillion-dollar industry it seems. Apart from this, the Shping platform is used by several local as well as global brands where Shping has been able to outperform in cost in terms of conversations and interactions as and when compared to the top three social media platforms.

For some of you wondering as to how exactly does the platform work? Allow me a chance to explain. The Shping app is known to use their very own cryptocurrency, SHPING coin in order to help brands reward their customers for their overall loyalty and engagement. Speaking of procedure, all of it is said to start by simply scanning a barcode, and from there on, users on the platform can get rewarded for connecting with brands, watching videos, writing product reviews as well as scanning purchases receipts.

SHPING

Twitter

Also, it is worth noting that, the coin can also be easily purchased and sold with the help of several cryptocurrency exchanges which we will talk about in brief later, and that you can also cash out your Shping Coin earning through its mobile application. Other than this, you should probably be aware of the fact that the Shping application has now over two billion trusted product attributes across over twenty million products, thus making it the ultimate shopping companion for savvy shoppers, helping customers make smarter decisions, save time, and money as well as earn rewards at the same time.

Lastly, this Australian project has managed to become a trusted brand partner, and brands all across the globe have been increasingly making use of Shping’s unique services in order to expand their presence in the marketplace and also connect with customers in a much better manner. Furthermore, the Coinbase listing of the platform is also a welcome move, and this would definitely help the project gain some traction among the investors.

Now that we have talked much about Shping, some of you must be wondering, whether or not it is a good idea to invest in the platform? If that’s the case, then let’s find out, shall we?

Investing in Shping (SHPING)

SHPING

Source: Shping Coin Token Sale

As of today, the price of Shping is about 0.079184 US dollars with a twenty-four-hour trading volume of 10,018,408 dollars. Not just that, in just the past twenty-four hours, the value of Shping has gone up by 431.99 percent, and with the current market cap of 134,794,201 US dollars, SHPING is currently placed at #362 position as per the CoinMarketCap rankings.

Also, it is worth mentioning that, the current circulating supply of Shping is 1,702,298,817 SHPING coins, but unfortunately the maximum lifetime supply of the token is not yet available. In just the past week alone, the price of the platform has risen by 727.29 percent.

Reading so far, you must have gotten a fair understanding of the platform and by now, you should be able to figure out on your own whether or not investing in Shping is the right thing for you to do. Seeing what it has to offer when combined with its performance in the recent past as well as its plans for the near future, I certainly believe that Shping can prove to be a profitable investment in the near future, which is likely to provide you with higher returns and it is a possibility that your current investment may increase in value. But again, nothing can be said for sure!

SHPING

Source: SwapSpace

As mentioned at the very beginning, crypto is a highly volatile marketplace and is extremely uncertain. Thus, It is very important for you to understand the fact that just like any other currency in the crypto marketplace, Shping does have its own risks as well and you should invest only if you are willing to take those risks and bear any and all losses if at all necessary.

If you are wondering, where can you buy Shping? Let me help you with that. Currently, Shping is available on all major crypto exchanges but, some of the popular exchanges that have SHPING listed on them include Coinbase Exchange, Liquid, Sushiswap, TimeX as well as Gate.io to name a few.  

In conclusion, what are your thoughts on Shping? Do let us know in the comments area below. To know more about various cryptocurrencies, do check out other articles we have on our website. Thank you for your time & if you found our content informative, do share it with your investor friends!

Also read:  ACDX Exchange Governance Token: Everything you need to know

 

 

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