We are pleased to announce our next AMA on June 2nd 2021 at 11:00 AM UTC Time: Satoshi Club x ShopKart
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ShopKart Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ShopKart Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about ShopKart
For more details:
ShopKart Website – ShopKart.io
ShopKart Telegram – @iShopKart
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I want to join IDO, where and when will Shopkart launch IDO? Shopkart postponed of IDO from BSCPAD and Yellowpad then then continue to delayed IDO on Panda Dao yesterday, why?
Shopkart has planned to do integration with Amazon, Ali Express ,eBay by the end of the July .Can you explain how this partnership is set up and what would be the advantages of using ShopKart directly and $SHOP users benefitted while making a order price from ShopKart than other ecommerce platform like Amazon,eBay?
ShopKart will run on the BSC network but I read that by the first quarter of 2022, you will be launching and migrating to ShopKart Blockchain. Why do you think the e-commerce sector need a dedicated blockchain? How will ShopKart Blockchain utilise the decentralised tool of distributed ledger technology to solve the fundamental challenges facing e-commerce such as listing fees, traceability and authentication of genuine products from counterfeit? Under what infrastructure and technical framework will this blockchain be built on and how possible will it be for ShopKart Blockchain to allow cross-chain integration with other popular blockchains?
Hi ShopKart!
Please tell us more about the ShopKart Blockchain! You are developing your own gasless blockchain, why did you decide that you need your own blockchain and that it should be gasless. What specifics did you have in mind that no other existing blockchain fit your requirements? Can you share a few words on how you solved the problem of fast transaction settlements?
ShopKart has a few competitors in the market. As I see from them, there are some problems such as posting their physical card and being active in regions. How will ShopKart solve these problems. Will you able to send your physical card to any region? Can ShopKart be active in many regions? And more importantly, do ShopKart aim to be a global project and being the first choice of users?
Hi ShopKart!
Users of the ShopKart platform can choose to make payment in one of 50+ Cryptocurrencies or can pay via SHOP tokens and enjoy discounts and rewards. Do you also offer traditional fiat POS payment methods for users not familiar with blockchain? This is not your main use case but may bring many more users to the platform and you can even convert them to crypto beginners and SHOP hodlers! 🙂
I can’t imagine Shopping Card without a rewarding system. What will be the financial benefits of users and investors who use ShopKart? Does your cash-back system attractive enough? Can you offer more than what an ordinary bank shopping card offers?
Hi ShopKart!
Please share some details about a NFT related milestone in your roadmap. I see you plan to introduce NFT as a service for Original Sellers – who are these Original Sellers? What exactly will this NFT as a service program provide to the sellers and to the customers? Would also be glad to hear about your plans regarding the limited edition NFTs in the fashion category, will you sell high fashion and unique handmade exclusive pieces on the ShopKart?
Can you little bit tell about the security system of ShopKart? Is it secure enough for users to use ShopKart as their main shopping card? What happens if they lost it or if somebody stole it? Can users get a support as soon as possible?
I understand that ShopKart is an ecommerce market place, where users can order products from eBay, Amazon, Aliexpress and ShopKart’s own marketplace offering retailers and consumers a great experience and an opportunity to put crypto in use. But what i don’t understand is, what is the difference to use SHOPKART to buy in Amazon instead to buy in Amazon or Ebay directly? What is the experience for user you talk about?
You plan to be a marketplace where users can only order products from eBay, Amazon, Aliexpress or do you plan for the FUTURE include directly stores as Nike, adidas, shein? It would be amazing to do partnerships with those big brands.
It caught my attention that in your website said “Free shipping In Europe” and even i saw in your roadmap that for September 2021 shipping will start in USA and ASIA. But, what about Latin American countries? Crypto are very used in this part of the world. will ShopKart be available for them or do you have to work on it in the future?
Why will shopping time be easier with ShopKart?
How is the process for acquiring SHOP Tokens? And I would like to know what would be those benefits that the community can enjoy from Holding SHOP tokens?
According to your litepaper, 3.5 million $SHOP tokens are reserved for staking reward beginning from the first week of June. I know you had some delay with the audit report which made you to delay presale, hence it may not be possible for this feature to start this week. So, can you provide a better estimates as to when $SHOP staking will commence and how your staking will be designed? Will your pools have staking fees, penalty fees for unstaking and minimum staking amount? Will you support single staking or multi-asset staking? Lastly, what range of APY will you be able to provide?
ShopKart has the goal for November 2021 to release “NFTs as service for Original Sellers”, can you tell us more about this? What will this NFTs be about and what benefits will they bring to sellers and customers as well? How will this NFTs provide a service and what kind of service?
Looking at the role that $SHOP will play in the ShopKart ecosystem, I found out that $SHOP will offer varieties of utilities such as governance, discounts and holders of $SHOP will share 50% of the profit generated by ShopKart. You already said that any user who hold 1000 $SHOP tokens can benefit from free shipping, so how much should a user hold in order to receive this 50% of platform generated profit? What will be the sharing formula that you will use to determine the proportionate amount of your profit that will accrue to each individuals? For how long can a user receive this shared profits and how will it be claimed?
It caught my attention that at the beginning of your website there is this big purple debit card, this made me wonder, does ShopKart have plans on releasing it’s own Debit Card later on? If so, can you share with us more about what plans do you have for this matter?
One of the major problems with e-commerce and shopping platforms such as AliExpress, EBay,and Amazon is the huge amounts of users data that they consume and sell out to stores and merchants who use their platform. This is one of the issues that Shopkart intends to solve with iths Blockchain, so how will Shopkart blockchain ensure ownership of data strictly belongs to it’s users, and that the data they will be gathering from Users who will use their platform to trade will be secured and not leaked out to other platforms without knowledge..
Most of the platforms you have integrated on your platforms such as AliExpress, EBay and Amazon do not directly accept Cryptocurrencies as payment for goods bought on it’s platform and it is stated that on Shopkart, users can choose to make payment through 50+ Cryptocurrencies or using SHOP tokens… Does payment using Cryptocurrencies on your platform involve goods from this integrated stores, since they don’t accept Cryptocurrencies how then does Shopkart facilitate buying from this platforms using Cryptocurrencies, and apart from Cryptocurrencies what plans do you have for the use of fiat in purchase of goods on Shopkart..
How does the purchase process work in shopkart? is it a simple process? Can any user even if they are not familiar with the crypto world buy at shopkart?
I saw that ShopKart’s IDO was on June 1st, can you give us more details about how did the event go? How many address participate on it? How many tokens did you have on sale and at what price? Did you fulfill the expectations you had for it? Also, once this event is over, what should we expect next from ShopKart? What is coming now?
They are developing their own gas-free blockchain and incorporating other e-commerce stores for fast and secure digital payments. The biggest problem is solved by the rapid settlement of transactions throughout the entire e-commerce life cycle, from the acquisition of the product from the suppliers to shipment to the end customer, there are many steps involved. What is the development status of this blockchain? Will they use the base of some other ethereum, bsc?
It is stated that orders made on Shopkart is processed through your partner supply chain management… And I am aware that most of the platforms you have integrated such as AliExpress, Amazon and EBay also have their own shipping logistics In place.. so if an order is placed from AliExpress using Shopkart, who handles the processing, shipment and delivery of the goods, will it be AliExpress or Shopkart, and How are orders processed through your partner supply chain..
An easy-to-use mobile application allows you to browse through different product categories in ShopKart Marketplace and enjoy a pleasant shopping experience. Users located in Latin American, African, Asian countries, etc., can they make their purchases without any problem from this platform? Since it seems to be directed mainly to European countries.
Transactions on pages such as Amazon, e-bay and Ali-express merit a credit or debit card, is the idea of ShopKart to provide a card that can be operated with cryptocurrencies on these sites? Or will it be P2P transactions? Can you explain more about the payment methods and how will them be integrated to these shopping sites?
The most worrying thing about making purchases online is that there is a high exposure to scams, especially if payments are made externally to the shopping platform. What security measures will ShopKart implement so that users can safely operate with P2P transactions?
Taking into account the secure payment method such as binance, we can realize that generating tokens could be a strategy, let’s say adequate and reliable, since we are currently confined by a pandemic crisis despite that, in the launch of shopkartblockchain They will expand their services with other networks to improve and enhance both company profits and users in which way we would take advantage of the competition
ShopKart.io provides users for to order products on e-commerce websites. But recently some of the countries banned buying items with crypto like China and Turkey. Do you think banning crypto for shopping is feasible? Are there any way for breaking this ban? What do you think about this situation? Also if other countries would continue to ban crypto shopping, what solutions can you bring?
While shopping people always needs the security that they are at a safe space and their personal and card information won’t be hacked by anyone. With this in mind, how secure is Shopkart’s platform? How secure will it be to shop in third party websites like Amazon or Aliexpress through your platform? Has your contract been audit already?
ShopKart will be an ecommerce market place, where users can order products from eBay, Amazon and Aliexpress. Reading that I could only see and imagine other big company names on ShopKart’s service like Apple or Nike. But this made me wonder, will small store be able to have a fitting place on ShopKart’s platform? Can small companies offer their services on ShopKart as well?
Blockchains and crypto-payments are certainly a new thing for most part of the world population, so how does ShopKart plan to get to a wider audience? What will you marketing strategies be? Also, will ShopKart be a new user-friendly platform? How easy will it be for people that is an outsider to the cryptoworld to shop on your platform?
ShopKart is an ecommerce market place, where users can order products from eBay, Amazon and Aliexpress. I have an account on Aliexpress! I will be able to order products through your application using my account, is there some kind of authorization function with these shopping sites (eBay, Amazon and Aliexpress)? How to do this, please show me.
Do you plan to connect simple sellers to your platform, and not just other marketplaces? For example, if I want to sell my products, will I be able to connect? How easy and fast is the connection and what are the requirements? Is there a CRM application for accounting for trade and communicating with the buyer? Are you planning to add-ons similar to Eoocommerce WordPress?
Thank you if you answer.
Owning SHOP tokens provides users with certain advantages: free shipping, 50% Profit Sharing platform, up to 10% discounts and promotionals, as well as cashback and Earn. So, I would like to know how to take advantage of all the benefits, what is the minimum amount of SHOP token I should have, where to buy it and in which wallet to store it? Do free shipping, discounts and cashback amount depend on the amount of my order, how are discounts and cashback calculated? I love discounts and make a profit! What other advantages on your platform will owning the SHOP token give me that we do not know about yet?
I read that you expect to implement your own ShopKart Blockchain, this sounds great, but what will be the problems that this blockchain will solve and how do you expect to gain the trust of the users to start using it as soon as it is launched?
When talking about the upcoming ShopKart blockchain to be launched by the project, what strategies will you implement to ensure full transparency and other benefits for all parties involved in the use of this blockchain?
When buying goods over the Internet without the ability to try on, touch and see in reality before buying, sometimes we are faced with such a situation that we have to return the goods and money. Will I be able to return a product that I bought on ShopKart that didn’t work for me? How is the return of goods and money processed, what application and to whom should I write, can I choose another currency for a refund? And how will things be in such a situation with cashback, if it was credited to me at the time of purchase?
Right now shopkart offers free shipping to all Europe if you hold at least 1000 SHOP, but do you have in mind extend this benefits to other continents like Asia?
Shop kart is an amazing Marketplace that allow user buy goodies, but apart of let users buy, also do you allow them to sell? Can you give us what are the requirements to become a shop kart seller?
No matter how strong security you have , Scammers always will try to take advantage of any circumstance, so can you tell us how do you prevent that scammers will not sell fake products through your platform?
Considering that Shopkart is considering integrate huge market places as eBay or Amazon, that means that you platform will allow the gift cards? Also you allow deposits with Fiat?
In your waybill you specify that shipments to all of Europe will be available in July and to the US and Asia in September, do you plan to include LATAM in your shipments?
Will shopkart function as an intermediary between the buyer and eBay, Amazon, Aliexpress or their internal market? or will they be a payment method available on the websites of these companies? Can you clarify this for me?
The main image of your website is a bank card, do you plan to issue them in the future for payments outside the platform?
In ShopKart users can order products from eBay, Amazon, and other centralized marketplaces, how is it more benefitial for customers to buy through ShopKart in those stores instead of directly in their websites?
Holders of 1000 SHOP tokens have free shipping anywhere in Europe, how can ShopKart finance the cost of shipping when it is free for the customer? Will this benefit be available in other continents in the future?
Many investors want to hold SHOP Tokens for profits instead of spending it in your platforms, leading to low buying volume. How will you solve that?
Online selling platforms are very demanding here in Southeast Asia. How will ShopKart operates their platform here in Southeast Asia?
What are the benefits for the holders using SHOP tokens in the long term? How would you persuade them to hold long term?
ShopKart is an Online Marketplace for Crypto based Payments and eCommerce focused Blockchain. How will you spread ShopKart name in crypto industry and online marketplace? How will Shopkart compete to other online market like amazon, ebay etc.?Do have plan to make an advertisement for ShopKart?
The retail stores that want to offer their products in the application, will they have to have some requirements?
Could you explain me how earn and cashback works? Will I earn the redeemable points for any purchase or must I have a minimum amount? And what countries is free shipping available for?
ShopKart is an online cryptocurrency based e-commerce marketplace. And we can buy products in your website using 50+ cryptocurrencies, as mode of payment do you considered to have a credit card payment or cash on deliver (cod) as payments?
$Shop is the native token of ShopKart. Can you please tell us what is the role of $Shop to ShopKart platform? What are the chances of earning $Shop in ShopKart? And can we use $Shop as mode of payment?
I read that ShopKart is developing its own blockchain, so could you tell us approximately when they plan to launch its beta stage, how it will differ from other blockchains, and also, what blockchains ShopKart is currently compatible with?
How will ShopKart make sure that the products offered are of good quality and will be delivered to the customer?
How many countries have the opportunity to obtain the services offered by ShopKart, could you mention them and tell us if you plan to continue expanding, also tell us about the shipping system, are you responsible for the products purchased by your users or are you simply designed to process orders and payments?
In terms of security, what makes the ShopKart system reliable, could you please tell us what you have implemented to protect users and prevent their assets from disappearing or being deleted, either by system errors or hacking. Also, could you tell us, if you have done any kind of evaluation, to identify if there are any bugs or weak points that could harm not only the users, but also the image of the project?
It caught my attention that among the benefits of your SHOP token are discounts, free shipping and a gigantic amount of 50% of profits generated from the platform for holders, will you have your own exchange that allows you a better control and management of these benefits? Or will ShopKart operate through a Dapp? How will holders be able to claim those free shipping benefits, for example?
You offer direct exchange of goods without the need for middlemen, but isn’t these kind transactions out of the Amazon, e-bay or Aliexpress politics? What type of insurance will users have when making their transactions with cryptocurrencies?
I would like more information about your blockchain and what are the objectives?
The PoW system is the main cryptocurrency mining system since it is the one that follows bitcoin, however there are variants, such as how many zeroes computed will the reward offered to miners be obtained that other crypto does not?
Kudos to ShopKart, for taking that bold step and providing it’s unique service, while offering premium shopping experiences to both wholesalers, retailers and customers alike. Nevertheless, ShopKart is in a market that is highly competitive and at same time hugely scalable. However, taking a study of the tokenomics, out of the 21 million available SHOP tokens, only 1 million of these (4.76%) are reserved for marketing related activities. With this meager number, how does ShopKart aim to make a mark for itself in this market considering the type, number and share volume of daily trades performed by companies and competitors all around the world?
what are the future plans in the near future to reward users with the best? what is the Project’s plan to make the token price more attractive in the near future?
Many people want to know what are the strengths of your Project, but I want to know the weaknesses and problems facing your Project? How do you plan to deal with it?
Demand is important for investors. How will your token demand increase in the future? What should you do to increase the demand for $SHOPKART tokens?
let me ask you briefly. What makes your project unique, and what’s the project’s vision?
Is there a strategic partner you can tell us about? Who assists the Audit?
Please tell us! Can you share more about product development & roadmap, achievements etc. What’s Done? What’s Going On? What’s Scheduled?
As quoted from the official ShopKart light paper, “For legal reason, the identities of the leadership teams will be temporarily withheld”. Can you carefully explain the reason behind such a decision, why would ShopKart’s team of managers and developers decide to remain anonymous only choosing to reveal their respective identities at a certain date (beginning September 1st 2021), and don’t you think this would generate concerns and hamper trust amongst your customers and valuable partners?
It was mentioned in shopkart.io telegram group that the auditing process is not yet completed of shopkart platform by the june 1st. And also there are a record in lite paper about the binance smart chain network which ShopKart platform adopt. But the ethereum blockchain system is very potential by the future. So why did you select binance smart chain over the ethereum network? do you have an idea to expand this platform to other blockchain networks also? Which auditing platform did you hire for the auditing process? Is it safe and secure to invest in Shopkart platform without transparency? How do we invest in your platform with insecure ? What are the strategies that Shopkart team expect to launch in future in order to elimanate the insecure and risk of investing?
ShopKart whitepaper states that there will be NFTs service for originally sellers in November of 2021. Creating an NFT system will take the attention of the more users towrds the ShopKart platform. So is this NFT service only for original sellers or is the NFT service for all users that use SjopKart platform? What are the requirements that original sellers should fulfill in order to qualify for NFT service? Can these NFTs be used or traded in other platforms also? How much price is an NFT card worthy in your platform?
I saw “Hold 1000 SHOP token and enjoy free shipping anywhere in europe” in your website. And also there are lots of benefit, mentioned in your website that can be rewarded only if users hold the SHOP tokens. There will be more users who hold SHOP tokens, not only from the europ but also from the asian countries. So is the Free shipping only for European countries or will you spread this offer for other regions also? If yes, What is the minimum holding of SHOP tokens for other countries? Can we use SHOP tokens in other platforms as currency?
In ShopKart Marketplace,we can hold at least 1000 SHOP tokens and enjoy free shipping anywhere in Europe in addition to other benefits of Holding SHOP tokens. So,why only Europe? How about other countries or other continents,what privileges they can get if they hold 1000 SHOP tokens or more? If it is free shipping,so is there any minimum amount to purchase in ShopKart Marketplace? Does all items is eligible for free shipping? Aside from this privileges given to Europe countries in holding SHOP tokens,what other benefits and privileges comprise for holding SHOP tokens? Thank you
According to your website,50% of the profit generated from the platform will be shared with holders of SHOP tokens. So ,how does the share being distributed to $SHOP holders? Is there any minimum amount of $SHOP tokens to hold inorder to get share from 50% generated profit of ShopKart? Why 50% of generated profit share to $SHOP holders,what is the purpose of sharing profit? Why it is so high? Is it fair to the ShopKart team and network? Does your platform is not being loss to give the 50% generated profits to $SHOP holders? Thank you
7,500,000 tokens of $SHOP is being allocated for Rewards. So,can you tell us what kind of reward is this allocation for? What are the mechanism and inclusion of this reward allocation in ShopKart? Why does allocation is a bit high? Thank you
ShopKart is an online shopping platform specialized for Crypto lovers. The payment is in crypto form and is not required to be swap in any fiats. The parcels are delivered and processed from the online platform and will go under different logistics before the customer actually receives it. What are your partner logistics that helps to process the customer’s order? How secure will the process be? And does the customer has the ability to choose its own delivery method?
$SHOP holders holds a great advantage from different vouchers up to free shipping fees but this is limited to Europe only. How can international users (those residing outside Europe) avail different vouchers and shipping fee discounts? Will ShopKart also feature points where they can use it to redeem and exchange different vouchers?
ShopKart is an online shopping platform made for crypto lovers and users. Upon purchasing, personal information are used on order to process their order such as real name and residence. How protected are the user’s data? What specific protocols do you implement to avoid the user’s data to get hacked?
How can I enjoy your program discount, is there a minimum amount of $SHOP tokens that a new user must have to be able to enjoy the program?
How much influence does $SHOP have on the development of the AMAZON, eBay and AliExpress trading business?
I found something great in Shopkart website, thats you announced have doing partnership with big company like eBay, Amazon, and Ali express. Can you share to us what partnership are this about? Is that mean they (eBay and others) already receive cryptocurrencies payment?
Ecommerce usually have problem with merchant or retailer has fundamental problem of high list fees, fake product – do buyer know if the product original or not? And slow proccess from payment or delivery service. How will Shopkart try to solve these problem using blockchain technology? What new innovation do Shopkart try to bring in Ecommerce world?
For there to be sustainable supply, there must be demand, how do you plan to attract users, incentivize them in the early stages of deployment?
To make a token it’s easy but it’s really hard to make this token valuable? So what’s your startegy to make the token more valuable and what’s your plan to maintain token price and supply?
Security & User Interface are the Essential Aspect that Users see on a platform. How has you platform worked on this? Is Platform suitable for Newbies in the crypto world?
I read that Shopkart currently work under BSC chain, but later Shopkart will have own Shopkart blockchain. Can you introduce to us about your own blockchain, what it will be like? Also you will have mobile application from Shopkart, can you introduce the New feature to us?
How does Shop Card provide advantages in shopping and how does it protect the seller and the buyer? Do we get bonuses when shopping with Shop card?
What kind of roadmap will ShopKart follow in 2021 and how will it improve itself? Will ShopKart be a virtual profit or a tangible physical card, and will this card be used everywhere, for example, will we be able to shop at a market?
Will ShopKart develop an application? In addition, how will you ensure the physical and virtual security of the card, what will you do to prevent fraud, how will you support people who are not familiar with cryptocurrencies and how will you manage to attract their attention?