Blockchain technology is everywhere, and it has revolutionized many industries, including e-commerce. There are already multiple blockchain projects working in the direction to help solve the ongoing problems of the e-commerce industry through the use of blockchain and crypto. Excelli is one such project.
In this article, we will get to know in detail about the Excelli e-commerce platform and the Excelli Coin, including how it intends to revolutionize the e-commerce space.
How can blockchain help the e-commerce industry?
Blockchain is a distributed ledger technology (DLT) that aims to help make digital transactions faster, more secure and cost-effective. All these features of blockchain can help solve a variety of e-commerce problems as well as bring transparency to e-commerce transactions.
Since there are already so many projects working to solve the core problems of the e-com industry using blockchain, Excelli goes one step ahead and plans to upgrade the way online shopping transactions are performed through advanced features such as Group Buying and Crypto Reward Tokens.
What is Excelli?
For a long time, e-commerce has been a centralized market, with sellers/manufacturers having complete control over product prices and the consumer receiving almost zero rewards for shopping and referring others. Excelli is going to change that.
Excelli is a first of its kind social e-commerce platform that combines an intuitive online shopping experience with a social component, allowing users to seamlessly buy their favourite products/services at the best price with the option to pay in a number of suitable methods, including crypto tokens. The buyers also stand to earn reward tokens (with a real value) for group buying with their friends/family or referring others to buy on Excelli.
Excelli coin (XLE) is a Utility Token that is used both for payments on the Excelli Super app as well as to reward the users for Group Buying.
Excelli will use blockchain technology to solve a number of e-commerce industry problems, including dynamic pricing, social disconnect, the need to use multiple applications for different social services, reward tokens with zero value, and the high volatility of cryptocurrencies.
Here’s how Excelli works:
Excelli addresses all the standard e-commerce industry problems through a super app that offers both social media and e-commerce services.
The Excelli app not only allows buyers to choose the price of a product through Group Buy (the bigger the group, the lesser the item price), but also it lets users connect and interact directly with each other on the app. In addition, it rewards users with free tokens (XLE) for every transaction, including direct buy, group buy, referral buy, etc. on the platform.
Another benefit of shopping with the Excelli app is that the platform offers real cryptocurrency as reward tokens to users. Unlike other e-commerce platforms that offer reward points or cashback points with no monetary value, the XLE reward token is a real cryptocurrency with a progressive pricing mechanism, i.e. with the constant demand generation for the token from the purchase transactions within the Excelli platform, it can result in a progressive increase of the token price.
Excelli will change the e-commerce field in many ways. It will offer better pricing to users with the ability to further reduce a product price through Group Buying, incentivise users with real tokens for their activities, and allow them to use their social connections to earn more.
Find out details at https://www.excellicoin.com/
Source link: https://medium.com/excelli/how-excelli-will-change-the-future-of-the-ecommerce-industry-4684aa1c1b8e
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 ShoppingExcelli 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.
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.
An average Ecommerce business processes more than a million transactions each hour.
There are a lot of solutions to facilitate the ecommerce sector, yet there is no such thing as potential enough as this budding technology, blockchain.For More: https://www.quora.com/How-can-blockchain-make-ecommerce-better/answer/James-Vspeer
The Libra Ecosystem is developing a first-of-its-kind e-commerce blockchain that will streamline all standard functions and operations of an e-commerce business, including financial services, identity management, security, device management, and supply chain management.The Libra Ecosystem is being developed on the idea that blockchain can effectively solve almost all current challenges and problems of the e-commerce industry.Both the users/businesses and investors will benefit from the Libra Ecosystem in numerous ways.
Enhanced Operation EfficiencyThanks to the blockchain’s decentralised model, e-commerce operations can be more efficient and hassle-free.
The Libra Ecosystem makes use of blockchain smart contracts to streamline all the major tasks, including logistics, data management, payments, etc.
Improved Transparent in E-commerce Supply ChainBy allowing various systems in e-commerce to integrate and be accessible in a decentralized manner, the Libra Ecosystem ensures transparency.
Decentralised Database ManagementAll the data & records in a business will be managed in a decentralised blockchain, which will allow a store to have complete control of their data and give the ability to manage/access everything, including product details, photos, videos, reviews, etc.
Secure & Transparent Payment SystemAnother major benefit of the blockchain-based Libra E-commerce System is that payments are more secure and transparent than ever before.
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