What is the XON Store?
Southeast Asia’s internet e-conomy is booming! In 2016, a Google-Temasek study predicted that SEA internet e-conomy would be worth $200 billion by 2025. Among the reasons? An unprecedented growth in the region’s internet user base that is also served br a growing number of online marketplaces driven by mobile-first small and medium business platforms. With internet users spending an average of 140 minutes per month on e-commerce platforms, it’s no surprise that more and more transactions go digital.
But what does this mean for XONIO and how does the eXtensible Open Network take advantage of this huge opportunity? This is where the XON Store comes in strong.
The XON Store is a digital goods store integrated into XONIO Mobile where users can easily purchase digital goods like eSports game credits, video streaming game credits, and more. It is uniquely designed to truly be fraud-free, fully transparent, and absolutely secure as all transactions made in the XON Store are posted on the Ethereum blockchain.
Even more, the XON Store also features a built-in loyalty program called XONIO Rewards.
XONIO Rewards Mechanics:
1. A XONIO Mobile user must purchase participating digital items in the XON Store. Only items with the XONIO Rewards icon indicated on their thumbnails will earn rewards.
2. For every eligible item purchased in the XON Store, user is rewarded back a certain amount of XONIO Tokens. The amount of rewards to be assigned per item will vary depending on the item value, partner margins, and inventory status. Rewards value may vary per item.
3. The XONIO Tokens awarded to the user as rewards will be transferred into his or her wallet within 3 working days after the monthly cutoff period. As soon as the XONIO Tokens are transferred to the user, a monthly summary of transactions in the XON Store as well as corresponding XONIO Tokens given as reward will be displayed in the XONIO Rewards tab of the mobile application.
Interested to learn more about the eXtensible Open Networks components? Stay tuned on our About the Platform page as we share more about the technology behind XONIO.
For more info, visit www.xon.io. Join the community on Telegram.
