Shopin Raises $40 Million During Token Presale

Today we are thrilled to officially announce that we — our beloved community and the Shopin team — have raised $40M and counting during our Token Presale. We have done this T-O-G-E-T-H-E-R across the globe from countries in Europe and Africa to The Americas and Asia. We are so grateful for all your support.

In reaching this milestone, we at Shopin are one step closer to realizing our vision of a more sustainable retail economy where retailers become stronger by working together and shoppers get rewarded based on the value of data that they fully own, control, and can share. The recent debacle with Cambridge Analytica and Facebook has brought privacy and data ownership once again to the forefront of our national discussion. By empowering shoppers to completely own and control their purchase history and style preference data and maintain their utmost privacy, we are giving power back to shoppers and rewarding them with better product recommendations and universal rewards that don’t expire using the Shopin token.

Why should companies like Google and Facebook profit off shoppers’ data without giving anything in return? They should not, to be abundantly clear. We want to empower shoppers to receive financial and psychological benefits for their time and attention. We want shoppers to “feel the LOVE” from retailers and vice versa. And with all due respect to Amazon (it is a great company that inspires us), we are empowering brands and retailers to break free from the limitations they face on Amazon: lower margins, increased competition, and a loss of direct connection with their very own customers.

By deploying blockchain technology to store value, purchase, and profile data, we are scaling to facilitate 1 million transactions per second (via our partnership with iExec, a blockchain cloud computing platform), which empowers retailers on the open web to provide a decentralized Amazon-like experience to their shoppers with more accurate recommendations powered by A.I. We look forward to bringing retailers and consumers a first-of-its kind blockchain product that provides the most personal, reliable shopping experience without sacrificing on speed, convenience or user experience.

We’ve seen our team grow, grow, grow and have planted deeper roots in New York City, South Korea, and throughout Asia. We have exciting plans ahead to work with many top fashion retail brands later this year as we continue to make steady progress on our product roadmap.

To follow our Shopin journey, please visit www.tokensale.shopin.com, or join the conversation on with us on Telegram here. Also, if you have a moment, check out some of Eran’s latest interviews below. And stay tuned for Eran’s LIVE interview on Bloomberg Radio on Mon April 2 at 10:30a ET here. Recent Interviews of Eran with:

*The dynamic Naomi Brockwell here.
*The Crypto Insiders’ “On the Call” podcast here.
*Crypto Sally here.
*Retail Tech Podcast here.