WishKnish: Cryptocurrency Token For Storefront Rewards?
Get Your Own Blockchain Store Through WishKnish
To most of us, our online shopping experience often involves one or two common retailer platform. Much of these platforms are dominated or owned by a single entity or company.
Such a scenario means the sellers and users have little control over what happens on the platform. However, blockchain technology is set to remedy this problem through creating a social marketplace that will facilitate trade and gamification of the market.
The WishKnish project is set to offer a decentralized platform through which a business can launch engaging storefronts on a marketplace on the blockchain. The marketplace ecosystem will equip the sites with tools to facilitate the social engagement and gamification of their products and services to attract customers. The blockchain as a service tool will help meet the consumer's needs through the machine learning enabled user discovery.
What To Expect
The marketplace will comprise of gamified or social storefront communities which will allow business, affiliates, and users to buy or sell their products or services. The exchange will work through the first WishKnish cryptocurrency token, Knish.
The crypto can act as a reward or incentive to users on either the individual storefronts or the whole WishKnish ecosystem. The Knish token is also in use for the exchange of the products or services in place. Each user can earn the token through storefront achievements, performing tasks or purchasing them during the token sale.
How The Storefronts Work
If you are an entrepreneur, you can create a storefront for your business at no expense at all, since WishKnish is free. Once you create your WishKnish store, you can fill it with your content, campaigns, and many more advertising features. Each store allows for the sale of a wide variety of products or services. You can decide to sell goods, subscriptions, or digital items at not limitation.
Additionally, the WishKnish storefront can also accept major credit cards or PayPal as a mode of payment within the ecosystem. Still, the storefront is not entirely free as the developers do take a commission on each transaction depending on your currency. Using fiat such as USD will cost the store owner 7% of the transaction value. For user transacting with Knish, there is no additional fee. Bitcoin and other cryptocurrencies do get a 5% fee charged on their transactions.
Can I Join?
Fortunately, the platform does not discriminate on the type of user who can join. The regular user in search of a blockchain marketplace can easily participate through an email. For the storefront creators, your niche or market should correspond to the specified services or products that WishKnish acknowledges as having a meaningful cause to the user experience.
Final Thoughts on WishKnish
In a somewhat surprising twist, the WishKnish project was a result of wishing for an alternative to the current marketing platforms. It is the open knowledge that with the existing online consumer shopping platforms are facing a lot of challenges especially to the store owners and users.
Planning to replace the sizeable online consumer corporations will not be an easy task for WishKnish. However, the team behind the project seem enthusiastic and determine to make the project work. As of now, there are a few stores that operate on WishKnish, but I expect more to get on board once WishKnish puts their marketing in place.