Shping Token Presale Sold Out With Three Days Remaining

MELBOURNE, Australia, January 30, 2018 /PRNewswire/ --

Shping, an innovative shopper marketing platform, have today announced the end of their presale after successfully reaching a hardcap of US$3 m three days before its scheduled end date.

All Token Buyers purchasing Shping Coin during the period of the Token Presale were awarded a very generous bonus of 40 per cent in Shping Coins, free of charge.

The amount raised will be used for the continued business development of the Shping app and the Shping Coin system in the regions of Australia, New Zealand, China & Singapore.

"We're astounded, humbled and incredibly grateful for the community who have rallied so passionately behind this project," said Shping Chief Executive Officer & Founder, Gennady Volchek.

"The people have voted with their wallets-they believe in this project and Shping Coin just as passionately as we do, and we do not intend to let them down."

"With the funds from the Presale alone, we'll be able to deliver on the requirements for Phase 1 of our roadmap which is incredibly exciting. But with the Crowdsale coming up, this is just the beginning of our expansion plans."

From verifying a product's authenticity to looking up a product's ingredients, consumers will have access to an increasingly useful resource through the Shping app and platform.

Brands, retailers and organisations that have acquired Shping Coins, an ERC-20 compliant cryptocurrency during the Token Presale are now able to allocate these to their consumers to fuel engagement and incentivise information exchanges between parties.

Shping Coins also enable organisations to utilise the innovative shopper marketing and brand protection platform to influence and reward consumers to make smarter, safer and more rewarding shopping choices.

"We have learned a lot through this process and the team will be working even harder to ensure our Crowdsale is easy to transact with as possible for businesses looking to acquire SHPING, as well as experience and new crypto enthusiasts alike."

"From everyone at Team Shping - we want to thank all of our supporters and contributors."

The Presale is just the first chapter of the Token Sale and the remaining Shping Coins available for purchase can be acquired during the CrowdSale from the 22nd of February to the 23rd March, 2018.

With a minimum purchase amount of 1000 SHPING (just US$10) and an introductory price of US$0.01, buying Shping Coins will be more accessible for everyone.

Those wishing to obtain Shping Tokens can still do so through the upcoming Shping Token Crowdsale which will commence at midnight, Central European Time (CET), on the 22nd of February, 2018 and will conclude at 23.59 pm (CET) on the 23rd March of, 2018, unless sold out earlier.

Any deposits left over from the Presale can also be used for the CrowdSale and for the first day of the Crowdsale only, participants will receive a 20 per cent bonus.

To sign up and take advantage of the upcoming Shping Token Crowdsale, head to tokensale.shping.com

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About Shping
Shping started its life as Authenticateit in 2012. Concerned about the growing threat of counterfeit and unsafe products entering legitimate retail situations, Shping's founders developed a robust ecosystem to help organisations verify the authenticity of products through the supply chain up to the point of purchase. 

Today, Shping has evolved into a powerful, all-round brand protection, marketing and consumer engagement platform. Fuelled by product information supplied by brands, retailers, government institutions, certification agencies, customs, product recall portals and GS1, Shping's Global Product Database is set to become the largest of its kind in the world. 

Shping has recently added a revolutionary cryptocurrency-based reward system to allow product brands, retailers and related organisations to reward consumers who use the innovative Shping App to help them make smarter and safer shopping decisions.  

More info on the Shping Token Sale: 

The Token Crowdsale will commence at midnight on 22nd February 2018 and will conclude at 23.59pm on 23rd March 2018, Central European Time (CET). 

Token Buyers who meet one of the following conditions listed in the below table during the period of the Token Crowdsale will be eligible to receive Bonus Shping Coins and/or Shping Platinum Status for Life. This will be the only time this exclusive privilege will be on offer. 

Bonus Shping Coins are calculated as a percentage of the tokens purchased for the designated Period of the Token Crowdsale, and are awarded free of charge. For example, a Token Buyer wishing to purchase 100,000 Shping Coins on Day 1 of the Token Crowdsale will receive a bonus of 20,000 Shping Coins for a total of 120,000 SC. 

At the conclusion of the Token Sale, those wanting to use the platform who does not yet have Shping Coins will need to acquire them through the open market.  

Contributions to the Token Sale will be used to drive the adoption of the app, the development of the product roadmap and to enable Shping to expand into other countries. To learn more about the upcoming Shping Token Sale, head to tokensale.shping.com 

Shping Media Enquiries: Tony Lee, [email protected]

SOURCE Shping