😍CSHOP Token

The CSHOP Token is the foundational currency that powers the entire Shophekart platform, offering users a seamless and efficient way to conduct transactions, participate in governance, and earn rewards. Designed specifically to enhance the user experience within the decentralized Web3-commerce environment, CSHOP tokens bring a host of benefits that extend far beyond simple payment functionality.

CSHOP Token Use Cases

1. Purchases on the Marketplace

   • All items listed on Shophekart can be bought using CSHOP tokens, making it the go-to currency for both buyers and sellers. By using CSHOP, users benefit from no platform fees and a unified currency experience, ensuring a smooth transaction process for physical and digital goods.

2. Governance Voting

   • As a CSHOP token holder, you’ll be able to vote on governance proposals that shape the platform’s evolution. Decisions regarding new features, updates, and fee structures are made through a decentralized voting system, where every vote counts.

3. Staking for Passive Income

   • Users can stake their CSHOP tokens to earn rewards in the form of additional tokens, exclusive access, and discounts. Staking helps secure the platform, while also providing users with ongoing income opportunities.

4. Special Discounts and Premium Access

   • Holders of a specified amount of CSHOP tokens can unlock exclusive discounts on transaction fees, early access to new product releases, and invitations to special marketplace events.

5. Cross-Platform Utility

   • Beyond the Shophekart ecosystem, CSHOP tokens may be integrated with other decentralized platforms and services, enhancing their utility across the broader blockchain ecosystem.

Deflationary Model & Buyback Mechanism

To further enhance the value of the CSHOP token, the platform introduces a deflationary model. Here’s how it works:

• Platform Fees:

  • Users who do not use CSHOP tokens to transact will incur a 1.5% fee on product sales. Additionally, there is a $1 BNB (worth) listing fee for sellers listing products.

• Revenue Buyback & Burn:

  • 50% of all platform revenue generated from listing and transaction fees will be used to buy back CSHOP tokens from the open market every quarter.

  • These purchased tokens will be burned, permanently removing them from circulation.

  • This quarterly buyback and burn will continue until 50% of the total CSHOP supply has been burned, effectively reducing the circulating supply and increasing the scarcity and value of remaining tokens.

• Burn Cap:

  • Once 50% of the total token supply has been burned, the quarterly buyback and burn mechanism will stop, ensuring a controlled and balanced deflationary approach.

This strategy will reduce token supply over time, increasing scarcity and demand for the remaining tokens, thereby driving up the long-term value for CSHOP token holders.