The CryptoCart team is excited to announce our most recent partnership with Netswap. This partnership is aimed to help with exposure to all of our platforms, and to improve adoptability of CryptoCart. The Netswap community can now use their token at checkout across all CryptoCart current, and future stores.
What is Netswap?
Netswap is the leading decentralized exchange which runs on Metis Andromeda, uses the same automated market-making (AMM) model as Uniswap, features a native governance token called NETT that is fully community distributed and is capable of trading all tokens issued on Ethereum and Metis Andromeda. In a crowded marketplace with multiple contenders, Netswap offers four critically important benefits: fast and cheap trades, built-in leverage swap function, community-driven development, and a fair and open token distribution.
Beyond the significant performance upgrades to the technical status quo, Netswap is a community-driven DEX. The native governance token, NETT, enables the community to drive the development of the product in full. Netswap features a 100% community-focused token distribution model, meaning that all tokens are distributed directly to the community, without any allocations to team, advisors, investors, or insiders.
How will Netswap help CryptoCart?
Integrating Netswap ($NETT) into our ecosystem will help CryptoCart with growth of our platforms, volume through them, and exposure to their growing community & the Metis ecosystem.
Exposure to additional communities, and volume going through our platforms directly helps fund the CryptoCart Vault and every single $CCV2 holder. For all not aware of what this is, I will in short break-down. For every purchase made on all platforms, the CryptoCart team get a commission of 1% on all gift cards purchased, and between 1–12% on all purchases made on the CryptoCart Marketplace at no mark-up to the consumer. All commission raised is used to directly purchase $CCV2 of the open market, and move it out of circulation on a randomised basis with all transactions shared, continuously rising the price of the $CCV2 token.
Upon this announcement, Netswap are going to have an advertising banner on their DEX informing users they can now use their NETT token at checkout on Andromeda on our Gift Card Store. Netswap have over 16,000 holders (the largest alt coin on Andromeda), and the leading DEX for the MetisDAO ecosystem.
What is CryptoCart?
At CryptoCart, our number one goal is to successfully bridge the gap between decentralized finance and e-commerce like never before. CryptoCart is a digital marketplace where consumers can purchase real-world goods & gift cards and checkout through using some of their favourite DeFi cryptocurrencies as a payment method.
On top of allowing an easy checkout process through the CryptoCart marketplace and gift card store, our team also has a vision to offer every product or service that consumers can imagine, whilst also offering several comprehensive rewards packages and options to users holding and using the $CCV2 token as a payment method. More on our token utility, and perks of holding $CCV2 can be found here:
CC Token Utility Update & Future Development Plans
Crypto Cart community, we are back with another big update in regards to increasing the utility within our ecosystem…
Presently, we have built 9 Amazon affiliate stores which allows users to check out using any cryptocurrency that our platform accepts as a payment method. From here, we are working on expanding to include affiliate stores for Amazon globally, as well as adopting and on-boarding other DeFi tokens as payment methods.
We are also very proud to have built our own Gift Card Store that currently offers over 2000+ gift cards globally, with instant and free delivery, all without requiring the user to KYC or dispose of their cryptocurrency into fiat beforehand.
From here, we plan on building stores to accommodate some of the following markets for consumers:
- CryptoCart Automobiles
- CryptoCart Holidays
- CryptoCart Luxury
- CryptoCart Sport
- CryptoCart Real Estate
- CryptoCart Collab & Merch stores