This time we are going to talk about a new cryptocurrency, which is called Shrew and the truth is that it has a good project, they talk about a token to govern them all and in this article we are going to explain everything there is to know about Shrew Token, what is it, how to buy, pre-sale and much more.
Currently the pre-sale ends in approximately 20 days and it is a token of the BSC network and can be purchased right now at DxSale, where there are many pre-sales of Tokens.
Without further ado, let’s talk about SHREW Token.
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What is Shrew Token and what is your project? Whitepaper in Spanish.
Well then we are going to explain what Shrew Token is, his project and much more.
Cryptocurrency is the next step in the evolution of money in the digital world. With the recent increase in the value and adoption of cryptocurrencies, there will be an increased appetite for the real-world application of blockchain technology to solve existing problems, optimize existing solutions, and streamline access to products.
Decentralized Finance (DeFi) is an emerging industry spearheading the financial application of blockchain technology and cryptocurrencies in order to disrupt financial and mainstream intermediaries. An industry of enormous growth and potential is the loyalty rewards market. In 2021, the market size is projected to exceed $ 7 billion and is expected to grow to more than $ 25 billion by 2027. That’s the kind of size and growth potential Shrew wants to target! of the most entrenched and less technologically advanced sectors within traditional commerce.
industry here is plagued with inefficiency, inefficiency, and often disregard for customer benefits at the expense of companies offering rewards. Coupled with the growth prospects, wide adoption of the internet, and the rise of blockchain and cryptocurrency technology, we see a huge opportunity to capture significant market share. Our Mission: Shrew means SHopping REWards.
Our mission is to revolutionize reward points by building a community-backed crypto and rewards platform that will offer a universal reward token that is fungible, secure, and easily accessible. One token to rule them all! Our vision: to create the world’s largest loyalty rewards platform with a universal token that can be traded or used like any other currency. Democratize the reward points industry for all merchants and consumers.
Current LandscapeLoyal Customers:
y are a hot commodity for eCommerce businesses and high street retailers. cost of acquiring new customers is on the rise, and strong competition further increases the effort and cost required to do so. refore, it is not surprising that a group of loyal customers who value a brand creates a huge competitive advantage.
Below is recent research compiled by Chris Salchi (Forbes contributor) in a recent article he published (https: //www.bigcommerce) .co.uk / blog / customer-loyalty-blockchain / # customer-loyalty-program -need-an-upgrade)
In general, loyal customers spend more, are more likely to convert when they visit your site, and are more likely to become brand promoters and defend your brand to other potential customers. Since loyal customers are such a hot commodity, it’s no wonder brands are spending more to woo them. Of the Fortune 500 companies surveyed, 54% said they would increase their loyalty program budgets in fiscal 2018-2017.
E-commerce and brick-and-mortar stores have long used loyalty programs to encourage repeat business. Traditionally, these programs have been used as a tactic to encourage repeat customers by offering points and discounts. Sometimes, with cards or complex registration processes, these programs are starting to lose favor with cararn customers. Rather than improving the customer experience, they can actually have the opposite effect: dampening customer enthusiasm with complex rules and transactional rewards.
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Shrew, will use blockchain technology to revolutionize customer loyalty rewards by eliminating the pain points of traditional programs and improving the customer.
? Regular customers generate 40% of a store’s revenue.
? 62% of millennial shoppers and 54% of the general population tend to buy only from their preferred brand.
? top 10% of customers spend 3 times more per order than the average. customer.
? top 1% of customers spend 5 times more.
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Shrew Reward Points:
In e-commerce, it is often quick and easy for a consumer to sign up for a retailer’s loyalty program. But how many of your customers are really becoming loyal brand advocates? Traditional loyalty programs suffer from the following problems: 1. Low redemption rates. Perhaps due to the large number of loyalty programs on the market, it is easy for them. get lost in the shu e, and the points are not redeemed.
Surveys show that the average American is a member of 7 loyalty programs, and 30% of American consumers never redeem a single point. Until those points expire (if they ever do), they just sit there as a drag on a brand’s bottom line, failing to get repeat business.
High costs: Large stores and successful ecommerce stores often pay high prices to set up and maintain their third-party integrations or custom solutions for customer loyalty programs. Whether you’re tweaking an existing app or building your own from scratch, developer and maintenance fees can range from $ 2,000 to $ 15,000 a month for an enterprise-grade solution.
Understandably, if you’re not getting a solid ROI from the rewards program costs, the program isn’t worth keeping. Few incentives for the customer. Today’s loyalty programs tend to favor the company that provides them, rather than the consumer. For example, customers are forced to make purchases they don’t need to get rewards. Research also indicates that 33% of millennial consumers dislike rewards programs simply because there are too many cards to go.
If your loyalty program doesn’t foster a positive relationship with your consumers, what’s the point? 4. Security Issues – Some consumers may be wary of data breaches and information security they provide when joining a loyalty program.
A Harris survey found that 71% of consumers were less likely to join a loyalty program that collected personal information beyond name and phone number. y are right to have some concerns. In 2017, 11% of attacks on financial accounts were specifically on loyalty accounts, an amount that had increased from 4% the previous year.
Introduction to Shrew:
Blockchain technology can solve these problems with traditional e-commerce loyalty programs by connecting the owners and users of multiple programs and replacing them with a single platform and monetary rewards. This technology can simplify the application process and prevent consumers from having wallets with reward cards or passwords to multiple different reward accounts.
Through the blockchain, users can receive and redeem loyalty tokens that are interoperable between multiple programs. they expire or lose value, unlike traditional reward points. se are some of the advantages of this type of system.
1- Open systems: Possession of a blockchain token cannot be revoked and is publicly registered on the blockchain. issuing company cannot remove these points due to some internal policy. This is both an advantage for the consumer who does not have to worry about their points expiring or devaluing before they can use them, and a profit for companies that gain greater customer loyalty by providing a better and more transparent customer experience.
2- Less clutter: Blockchain tokens can be used in other stores, exchanged for different cryptocurrencies, or stored for a future time. That means consumers won’t have to juggle 600 Vons points, 50,000 American Airlines miles, and 10 sandwich card stamps.
3- More flexibility: With blockchain loyalty tokens, customers have more freedom to redeem their tokens, including the ability to redeem them in smaller increments. One of the complaints many customers have with loyalty programs is complex point accumulation systems and limited rewards, so allowing more flexibility in how they use the rewards they have earned is a huge advantage.
Reduced costs. program costs will not take years and hundreds of thousands of dollars to implement and maintain. Due to the native Blockchain ledger, you already have a loyalty record. With Shrew, the merchant will only require a POS terminal that almost all merchants already have to accept card payments. No additional infrastructure is required on your part, as all the complexity will reside on the Shrew platform. Thus, Shrew will open up the reward points ecosystem to any merchant of any size, in essence democratizing the reward points industry.
General transparency: users will know that companies cannot change the rules or amounts of blockchain tokens at will. This gives customers the satisfaction that they can redeem what they want, when they want.
Less fraud, more security: Blockchain is based on P2P systems, which means that there is much less chance of a breach occurring in the program or in your store in general. All the necessary information is stored in the immutable ledger of the blockchain. Time-stamped database entries are irreversible, preventing fraud and transaction manipulation issues.
Accessibility to send your reward tokens to friends and family with ease. You own your tokens and can send, exchange or spend them with whoever you want.
Better analytics Merchants within the SHREW ecosystem will benefit from combined customer analytics. data will be anonymized and aggregated to comply with GDPR standards, but will provide retailers with a gold mine of analytical data to optimize their strategies. This will lead to a competitive advantage and will be a great incentive for retailers to join the Shrew ecosystem along with customer growth and retention.
BEP 20 Token SHREW token is a fully supported BEP20 Binance Smartchain token. re are several reasons why we have opted for a BEP20 token on other networks, some of which are:
? Relatively low transaction costs – current cost of transferring $ 1,000,000 worth of SHREW tokens is $ 0.04 (at the time of writing). In comparison, the cost of doing the same on the Ethereum network can be 1000 times higher, or more, depending on the congestion on the network.
? High-speed block creation: In recent tests when distributing SHREW tokens to our investors, we found that we sent large amounts of SHREW within no more than 8 seconds to reach the buyer. Again, using Ethereum as an example, blocks can take several minutes or sometimes up to an hour to create, depending on network congestion.
? Mining on the net is more environmentally friendly: Bitcoin and Ethereum currently use a proof of work (PoW) algorithm to solve complex mathematical problems and form a consensus to verify a block. PoW mechanism creates a global competition to solve the mathematical problem and thus results in very high power consumption due to competing players in the network trying to outdo each other. with high power mining hardware. Binance Smartchain network uses the Proof of Staked Authority (PoSA) mechanism. It is a hybrid between Proof of Authority (PoA) and Delegated Proof of Stake (DPoS). This consensus caral can support short block time and low fees, and it only requires 21 validators to run. Validators take turns mining (verifying) blocks, resulting in a much more efficient mining process.
? Ability to use Pancakeswap as a first exchange: Using a BEP20 token means that we can immediately use the Pancakeswap exchange and list SHREW in a redemption immediately after the pre-sale ends. Pancakeswap is one of the largest decentralized exchanges on the planet with over $ 600 million in transactions every month (as of this writing).
Pre-sale stage 1: – Begins on May 17 – Ends on June 16 – Maximum amount of 10B.- $ 0.0005
Pre-sale Stage 2: – Starts June 17 – Ends July 17 – $ 0.001
PancakeSwap Exchange Listing – July 17 – $ 0.002
? Token name: SHREW
? Contract address: 0x0c13970d3c5db20d48446a24e29fb9a77cd60de4
? TechRate Audit: Passed
? Initial supply: 100B
? Burned Forever: 98.7B
? Printable: No – supply cannot be increased, only reduced.
? Network: BEP20 (BSC)
? Liquidity fund – 100%
? Token Tracker – https: / /bscscan.com/token/0x0c13970d3c5db20d48446a24e29fb9a77cd60de4
Contract specifications: price curve and sale stages: the price of the SHREW token with double in each round of the sales stage. Once SHREW is available on the Pancakeswap exchange, the price will depend on the supply and demand of the market.
We expect the price of the token to increase by listing on exchanges and listing on statistical and price aggregation sites such as Coinmarketcap.com and Coingecko.com, however this is not a guaranteed result as ultimately the market will decide the future price of the coin. We declare the projected trajectory curve of the coin in comparison to other coins that increase in value when listed on Coinmarketcap.com and Coingecko.com
How to buy SHREW in the presale?
To buy SHREW token, the first thing we have to do is go to the following link: https://dxsale.app/app/pages/defipresale?saleID=3700&chain=BSC
n we connect our Wallet and we get the pre-sale information, along with how many tokens are already sold and there is a box where we can put the amount we want to buy and another that says Contribute, because we put the amount of BNB we want to spend and we give it to contribute and voila, the SHREW tokens are purchased.
I leave an image for you to see it better:
I hope this article has been useful to you.