A collaborative ecosystem where all parties contribute to each other’s success
In today’s rapidly changing business landscape, the dynamics of buyer journeys, merchant acquiring, platform dependence, and external investments play crucial roles in shaping the success of businesses. The world’s first financial platform that encompasses all these aspects is xMoney. By examining the benefits for buyers, merchants, investors, token holders and other businesses, it becomes clear that all parties contribute to each other’s success.
The primary purpose of UTK and its tokenomics 3.0 is to drive desired behaviors, such as accepting crypto and fiat for businesses and facilitating payments with the same for users. This, in turn, leads to more businesses joining the ecosystem, creating a flywheel effect for all stakeholders involved: buyers, users, investors, token holders, and businesses. The adoption of decentralized financial tools and currencies is further fostered through this collaborative approach.
Let’s explore the direct extended benefits of the updated UTK Economics & Mechanisms. These updates are not only designed to ensure the safety and health of the network but also to reinforce the growth flywheel effect for all parties involved.
More Buyers transactions > Businesses within the network grow > Growth attracts more businesses in > Buyers have more options to purchase
xMoney provides buyers with a user-friendly platform where they can conduct research, evaluate options, and make informed decisions.
By joining xMoney, buyers gain access to a diverse range of merchants, competitive pricing, and simplified payment processes. The platform’s emphasis on efficiency saves buyers time and enables them to meet their specific business needs effectively.
- Increasing the available payment options for buyers/consumers can lead to higher customer satisfaction and attract more businesses. Offering a wide range of payment methods, such as credit cards, debit cards, digital wallets, and alternative payment solutions, caters to different consumer preferences and increases convenience.
- Cashback for buyers: Buyers who are UTK investors, and stake tokens within the xMoney Guilds (APY of up to 15% proportional to the period of time UTK is locked ) can benefit from xMoney cashback (up to 8%).
- xMoney always supports merchants with co-marketing activities aimed to offer a gamified experience by providing rewards or discounts based on the amount spent or frequency of purchases. This approach encourages buyer loyalty and increases the likelihood of repeat transactions. The increased number of buyer transactions directly influences the increased UTK buyback, positively influencing the price.
- Additionally, buyers can easily purchase UTK at any time from the xPortal Super App and enjoy increased passive income opportunities, such as referral bonuses for inviting friends and family, XP points for activities on the xPortal, xCard associated features and cashback (up to 8%).
- Availability of the xMoney Guilds unlocks alternative income opportunities for all Network stakeholders. For example, if buyers choose to stake, and the average cashback paid is 2% of the value purchased, then the Guild Master will get 0.2% of that value. This way, both buyers and sellers are growing, and even attracting more businesses.
More businesses mean more options for buyers to purchase goods & services > Direct increase of the UTK buyback to UTK investors
Merchants stand to gain numerous advantages by joining xMoney. One significant advantage is the opportunity to expand their customer base through increased visibility and access to a wider network of buyers. With 2.5 million of members on xPortal with cryptocurrencies, and half a million returning buyers, xMoney’s streamlined merchant acquiring process, along with its integrated payment solutions, simplifies transactions and enhances operational efficiency.
By being part of the xMoney ecosystem, merchants can leverage its comprehensive platform to drive sales, improve profitability, and stay competitive in the digital economy. But there’s more, thanks to the UTK 3.0 tokenomics:
- One of the key factors contributing to the success of businesses in the xMoney network is the availability of multiple payment options for buyers. By offering a wide range of payment methods, such as credit cards, debit cards, digital wallets, and alternative payment solutions, xMoney caters to different consumer preferences and increases convenience. This, in turn, leads to higher customer satisfaction and attracts more businesses to the network.
- Enhance Visibility: Businesses have the opportunity to be featured on the world’s first SuperApp with more than 2 million active users, xPortal, and other ecosystem places. This exposure can drive more payments, increase the number of users/buyers, and positively influence their own business growth and brand value.
- Merchants Community Network, a newly launched network that serves as a hub for xMoney entrepreneurs, business owners, innovators, and go-getters. This dynamic platform brings together like-minded individuals who aim to supercharge their businesses and leverage the full potential of the MultiversX Ecosystem. The primary objective of the Merchants Community Network is to foster connections and collaboration among existing businesses and merchants who have successfully embraced the best of technology and our network.
By facilitating a strong business community, we create a space where success stories, valuable insights, and impactful campaigns can be shared, as well as exclusive programs such as xMoney Affiliate Program. This collective knowledge-sharing approach multiplies the success of individual businesses, scaling the results across the entire Merchants Community Network. We believe that by promoting connection and collaboration, we can empower entrepreneurs to thrive in an interconnected ecosystem, driving growth and prosperity for all.
- Guilds: represent more than just staking pools; they essentially serve as conduits connecting shoppers with merchants. We plan to develop tools for Guild Masters that will facilitate the efficient deployment, tracking, and management of discounts, loyalty bonuses, and more. By instituting this structure and incentives, Guild Masters are motivated to draw more users to stake in their Guilds. Moreover, they have a direct incentive to secure exclusive deals and promotions from merchants and sponsors, thereby distinguishing their Guild and driving more sales.
Existing token holders benefit from extended UTK 3.0 utilities > Attract more businesses and holders > Expansion of the network > Increased incentives
By introducing xMoney to new businesses and participating in the expansion of the xMoney merchant network through activities like establishing Guild pools or joining existing ones, users can retain tokens and contribute to the network. This alignment of incentives encourages users to actively participate in the growth and success of the network. The most important benefits unlocked and enabled for token holders are as follows:
- UTK Cashback: Existing token holders can earn rewards in the form of UTK cashback through the xPortal app. Depending on the purchases you make at any xMoney merchant or via xCard (online or offline at any merchant not only xMoney’ merchants).
- Staking Rewards: Token holders have the opportunity to lock their UTK into one or more staking Guilds. By doing so, they can earn rewards.
- Guilds: Guilds serve as the mechanism that ties everything together in the xMoney ecosystem. They expand the utility of UTK tokens by providing Guild Masters with tools and possibilities to experiment with various features such as buybacks and burns, new loyalty programs, different cashback programs, and discount or bonus programs.
- Guild Masters’ Share of the Cashback: As creators of the guilds, Guild Masters are eligible to receive a percentage of the cashback (10%). As explained above, if buyers choose to stake and the average cashback paid is 2% of the value purchased, then the Guild Master will get 0.2% of that value. By forming unique partnerships and agreements with merchants and sponsors, and providing additional rewards such as bonuses, discounts, loyalty points, and NFTs, Guild Masters can attract even more users to stake and purchase, thus receiving an increasing share of the cashback. The growth of the pool creates opportunities for everyone involved.
- Despite their initial similarities, we anticipate that over time Guilds will begin to diverge in their offerings and the process of selecting a Guild will become increasingly crucial. This is due to the ability of each Guild Master to elevate their Guild by offering additional benefits beyond the standard ones. They will have the opportunity to form unique partnerships and agreements with merchants and sponsors and provide additional rewards such as bonuses, discounts, loyalty points, NFTs, etc.
Please be aware that any Token incentives are simply additional aspects of the ecosystem and do not replace the fundamental self-sustaining value proposition or function of the xMoney business model and solution. The above explained benefits create a positive cycle where existing token holders are incentivized to retain their tokens, actively participate in the network’s growth, and contribute to its success.
By aligning incentives and providing tangible rewards, xMoney aims to create a self-reinforcing ecosystem where the success of each party contributes to the overall growth and prosperity of the network. Through governance voting and alignment of interests, xMoney seeks to build a robust and collaborative platform that advances decentralized finance and empowers its stakeholders for years to come.
If you have any question or doubt, take a look at the latest Community FAQ, or contact us in the Telegram Group.
Collaboration is the key to mutual success.
Let’s keep building.