🤔FAQ
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How does ShopNEXT work?
ShopNEXT is an innovative Web3 app that helps you make money as you shop. With just a single app, you can shop and earn cashback reward up to 30% together with some token bonus from the top brands on earth, whether online or offline. ShopNEXT is empowered by partnerships with Visa, Google Cloud, and Binance Pay.
4 steps to shop-to-earn reward tokens
What is NEXT?
NEXT is the loyalty token of ShopNEXT. Users need NEXT to upgrade membership as well as engage in in-app gameplay. NEXT is also the currency in the marketplace.
NEXT token contract address on BNBChain: 0xa6C59dE838F1eeb82d86F5AF0750f5F656439999
What is the total supply of NEXT? 100,000,000
Will NEXT be burned? Yes, we are collecting a small fee in NEXT every time users boost or recharge NFT cards and these NEXT will be burned. So over time, NEXT will become a deflationary token.
Where can we buy NEXT? On Gate.io: https://www.gate.io/trade/NEXT_USDT On PancakeSwap: https://pancakeswap.finance/info/v3/pairs/0xdc64c196894a9b1099ae3fe4a11423fb33402c2d
Where can we check NEXT info? CMC: https://coinmarketcap.com/currencies/shopnext-loyalty-token/ CGC: https://www.coingecko.com/en/coins/shopnext-loyalty-token
Is it free to join?
Everyone can participate in the ShopNEXT ecosystem without any starting fee. We offer a wide range of partner deals in our mobile app that allow users to earn cashback and token NEXT rewards on each spending. Depending on usage and motivation, users can decide to upgrade memberships in our subscription plan.
What is the reward index?
Reward index is a score parameter applicable to users which have at least 1 NFT Card. This parameter will depend on the number of NFT cards and types. This parameter helps users earn more cashback on each transaction. Read more here.
Do I have to buy an NFT Card?
Not necessarily. You can already earn cashback and NEXT reward as a normal user. But to get more rewards and play some fun, you should try to buy one NFT card from marketplace or upgrade your membership to receive one giveaway NFT Card then enjoy boosting, recharging.
Where can I get an NFT Card?
There are 3 ways to get an NFT card:
You can buy an NFT card on ShopNEXT’s in-app marketplace. This is an on-chain marketplace, meaning all transactions are happening on the blockchain between users’ wallets.
You can use the earned NEXT to redeem NFT card cases. Then open the card case to get an NFT card.
If you have won the ShopNEXT NFT card case airdrop campaign, you can upgrade your MOON membership to open it in the mobile app. Alternatively, you can still upgrade to MOON and receive one giveaway card case.
Do I need to select the right NFT card before making any payment?
No need. The app will automatically select the best NFT card for your transaction. Then you will have up to 48 hours to change NFT card if you want.
If my NFT card is inactive, what happens with the related transactions?
Case #1: When we reconcile transactions, if the used NFT card isn't in your linked wallet for any reason, the NFT card rewards will be cancelled. You only get the base rewards.
Case #2: Every successful transaction will make your NFT card decay. If a certain transaction makes the power of your NFT card under 50%, you will have up to 24h to recharge this card. Otherwise, rewards for all the related transactions will be cancelled.
Is there any limit of how many card cases I can redeem?
No. Once you can accumulate enough NEXT, you can redeem them for an equivalent card case.
Card case level 1: 1000 NEXT
Card case level 2: 2000 NEXT
Card case level 3: 3000 NEXT
Card case level 4: 4000 NEXT
What is the difference between Affiliate deals and Voucher deals?
Affiliate deals offer cashbacka and NEXT rewards when shopping by clicking affiliated links inside the mobile app.
Voucher deals offer cashback and NEXT rewards when purchasing vouchers inside the mobile app.
Read more about these deals here.
What is an NFT card and its attributes?
NFT cards are an utility NFT collection created by ShopNEXT on BNBChain. NFT cards help owners earn more cashback and token rewards and increase the reward index. See the extra reward calculation formula here.
NFT cards are unique and differentiated by 4 attributes: Earning, Karma, Capacity, and Power.
Earning: Determine how much reward owners can earn (vary from 1 to 100). Earning can be increased by boosting.
Karma: Determine how lucky the owner is in opening card cases (vary from 1 to 100). Karma is fixed and cannot be increased by boosting.
Capacity: Determines how resilient the card is (vary from 1 to 100). Capacity is fixed and cannot be increased by boosting.
Power: Determines the energy level of each card. An unused NFT card will have 100% power which will be decayed after every usage depending on its capacity point.
There are 4 types of NFT cards that are defined by their earning parameters.
Users can obtain NFT cards by:
Open an airdropped or giveaway NFT card case.
Open a redeemed NFT card case.
Buy NFT cards directly on the in-app NFT marketplace.
What is an NFT Card case and how to open it?
NFT Card cases are NFTs that, once opened, reveal NFT cards. Depending on the card case level and the average karma, users will have the different possibility of receiving different card types and categories in the opening.
NFT card cases can be redeemed by earned NEXT and can only be opened in our mobile app.
NFT Card cases are currently traded on Opensea.
What is MOON membership?
MOONers are VIP members of ShopNEXT who can earn the most benefits from our ecosystem. Users are required to lock $300 in NEXT to upgrade the MOON membership. MOONers can earn 20% extra cashback and receive 10% APR on the amount of locked tokens . New MOONers also receive an NFT giveaway.
See this detailed comparison between MOONers and normal members here.
Can I earn token rewards without becoming a MOONer?
Yes, you can try affiliate and voucher deals in our mobile app.
What is BONUS Rewards?
BONUS Rewards is the special rewards offer applicable for some brands on Shopee and Lazada. It has some key features as follows:
Rewards percentage is more attractive
No rewards cap per order
Same offer for both new and existing customers
Only applicable in a certain period of time
Only applicable for orders on Shopee and Lazada
How is token reward calculated?
NEXT rewards will be calculated based on total cashback amount. Read more here.
How does ShopNEXT make money?
We have 3 main revenue streams:
NFT marketplace transaction fee: we charge 5% in $NEXT for each NFT card transaction on our marketplace.
NFT in-app engagement: Users need to pay $NEXT to boost, recharge, redeem and open NFT cards.
Merchant’s sales commission: Merchant partners will pay us a sales commission when ShopNEXT's users have transactions at their stores.
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