World Token is a DeFi project that aims to combine many of the various tokenomics of current frictionless yield protocols in a way that would allow users to earn instant rewards. On top of that, the project also offers additional benefits of staking, which will be available in its marketplace, once it launches.
So far, the project has launched its testnet, which happened around one week ago, on March 28th. However, this is only the first in a series of new developments that the project has in store. Another big move that it recently made is its partnership with Shopping.io (SPI) — an online store for shopping with cryptocurrency.
The store is partnered with a number of giants such as Amazon, eBay, and Walmart, and these stores’ goods can now be purchased with cryptocurrency such as World Token’s WORLD. In the near future, even goods from AliExpress will become available, thus granting people all over the world to start using the token for purchasing virtually anything that can be found online.
According to World Token’s recent announcement, WORLD is now an official form of payment on Shopping.io, which is not only a major milestone for the project but also an important step on the road of revolutionizing eCommerce.
What else is there to know about World Token?
World Token is currently working on developing the World Marketplace, which is imagined as a one-stop shop for buying goods online. That doesn’t only include physical goods from stores like Amazon, Walmart, and eBay, but also digital goods, such as games, collectibles, NFTs, comics, music, eBooks, gift cards, and everything else that its users may desire to own.
All transactions will be escrow-based and facilitated via smart contracts. That way, users and their customers will be quickly and easily connected no matter where they are in the world.
The token also allows users to earn by providing them with a 3% tax on all transactions. 1% will go to the marketing fund, 1% is reserved for regular holders, while 1% will reach Liquidity Pool Providers. Since we are talking about percentages, the rewards may easily grow as the project itself continues to grow and develop. Everyone who holds WORLD is eligible to receive these tax rewards, which is a great incentive for crypto users to obtain and keep this token. In addition, the project will offer rewards for frictionless staking.
World has done a lot over the past few months. It went through audits, it held AMAs, and it saw a number of listings. It even managed to find the time for community contests, all of this in a very short period. Its AMAs are available on the project’s Medium page, while regular updates about its progress can be found on its Twitter.
As mentioned, the project already launched its Testnet on March 28th, giving its community a glimpse of what can be expected in the future. Keep in mind that this is only an initial version of the World Marketplace Testnet, published so that users would see all the progress that has been made. The team will certainly continue developing it and polishing it further, but for now, this is a great achievement for the project.
As for the token itself, it was launched earlier this year, on February 1st. It reached its all-time high of $0.24 on the very next day, before correcting to $0.1, and then growing again to $0.2. Following this growth, the token saw another correction to $0.05, before gradually returning back to $0.2 as the testnet launch approached.
Company: World Token