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What is Excelli? How Does It Work?

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Chris John
What is Excelli? How Does It Work?

As the world is going digital and more & more people are shopping online for their daily needs, an all-inclusive social and online shopping app with a focus on customer benefits is the need of the hour. Most of the existing online shopping apps are controlled by merchants, where the merchant decides the price of products, with buyers having little control or transparency in it. Excelli is going to change that.

Excelli is a social e-commerce platform — a super app — that aims to bring transparency to the e-commerce industry and enable buyers to earn real money using their social network. Here’s everything you need to know about the Excelli super app, including what it is and how it works.

Let’s dive deep into the world of Excelli.

Excelli — Offering Real-time Value for Social Shopping

Excelli is a decentralized, multi-faceted e-commerce platform with in-built social media features designed to create a win-win situation for both merchants and consumers.

The Excelli online shopping platform primarily works on the concept of Group Buying, i.e. it rewards people to shop together. The rewards are offered in the form of XLE (Excelli coin), which is a real cryptocurrency that can be traded on many top exchanges as well as used for buying products on the Excelli app.

Basically, Excelli pays you to bring others to shop from the Excelli app. Instead of cashback points or virtual coins (with no monetary value), the app offers real cryptocurrency (XLE) as affiliate rewards.

Excelli Token (XLE) — XLE tokens are utility tokens that power the entire Excelli platform. The tokens are used as a default medium for payment within the Excelli Super app as well as to reward customers who contribute to a sale (either direct or referral) on the platform.

Excelli is not just an e-commerce app, but it also integrates a fully featured social media platform with many advanced features such as profile customisation, celebrity profiles, in-app chat, and others. Users can sign up on and use the Excelli social networking app to find and make friends, connect with their friends & family, chat, and group buy.

Group Buy is certainly one of the most exciting features of the Excelli app. Customers who love a product on Excelli can recommend it to others and earn free tokens every time someone buys using their referral. XLE tokens can be seamlessly used to shop on the platform as well as for trading on popularly cryptocurrency exchanges.

How does it work (How to use Excelli app and earn reward tokens?)

In order to Group Buy on Excelli, a user will have to choose the Group Buy option on the product page or when adding products to the cart. In the next step, the user can send a group buying invite by selecting the friends and family either from Excelli’s built-in social network or using external sharing options like Whatsapp and Facebook.

After the user sends an invite to other users to group buy, all the members have to join within a certain number of hours. Once they all join, the group automatically becomes eligible to receive a discount on the selected product. For a successful group buy, a fixed minimum number of people must join the group and buy together.
Excelli rewards users for group buying on the app.

To know more about how Group Buy works on Excelli, visit https://www.excellicoin.com/ or read the project whitepaper.

 

Originally published at www.medium.com

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