How Excelli will Change the Future of the Ecommerce Industry

Blockchain technology is everywhere, and it has revolutionized many industries, including e-commerce. There are already multiple blockchain projects working in the direction to help solve the ongoing problems of the e-commerce industry through the use of blockchain and crypto. Excelli is one such project.

In this article, we will get to know in detail about the Excelli e-commerce platform and the Excelli Coin, including how it intends to revolutionize the e-commerce space.

How can blockchain help the e-commerce industry?

Blockchain is a distributed ledger technology (DLT) that aims to help make digital transactions faster, more secure and cost-effective. All these features of blockchain can help solve a variety of e-commerce problems as well as bring transparency to e-commerce transactions.

Since there are already so many projects working to solve the core problems of the e-com industry using blockchain, Excelli goes one step ahead and plans to upgrade the way online shopping transactions are performed through advanced features such as Group Buying and Crypto Reward Tokens.

What is Excelli?

For a long time, e-commerce has been a centralized market, with sellers/manufacturers having complete control over product prices and the consumer receiving almost zero rewards for shopping and referring others. Excelli is going to change that.

Excelli is a first of its kind social e-commerce platform that combines an intuitive online shopping experience with a social component, allowing users to seamlessly buy their favourite products/services at the best price with the option to pay in a number of suitable methods, including crypto tokens. The buyers also stand to earn reward tokens (with a real value) for group buying with their friends/family or referring others to buy on Excelli.

Excelli coin (XLE) is a Utility Token that is used both for payments on the Excelli Super app as well as to reward the users for Group Buying.

Excelli will use blockchain technology to solve a number of e-commerce industry problems, including dynamic pricing, social disconnect, the need to use multiple applications for different social services, reward tokens with zero value, and the high volatility of cryptocurrencies.

Here’s how Excelli works:

Excelli addresses all the standard e-commerce industry problems through a super app that offers both social media and e-commerce services.

The Excelli app not only allows buyers to choose the price of a product through Group Buy (the bigger the group, the lesser the item price), but also it lets users connect and interact directly with each other on the app. In addition, it rewards users with free tokens (XLE) for every transaction, including direct buy, group buy, referral buy, etc. on the platform.

Another benefit of shopping with the Excelli app is that the platform offers real cryptocurrency as reward tokens to users. Unlike other e-commerce platforms that offer reward points or cashback points with no monetary value, the XLE reward token is a real cryptocurrency with a progressive pricing mechanism, i.e. with the constant demand generation for the token from the purchase transactions within the Excelli platform, it can result in a progressive increase of the token price.

Excelli will change the e-commerce field in many ways. It will offer better pricing to users with the ability to further reduce a product price through Group Buying, incentivise users with real tokens for their activities, and allow them to use their social connections to earn more.

Find out details at https://www.excellicoin.com/

Flat 105 Kamadhenu Towers
D.No.12-464-9 Tadepalli, Guntur District
Andhra Pradesh, 522501
India

Excelli coin, XLE, is an SPL standard utility token that governs the entire Excelli ecosystem, including online shopping, payments and rewards.

This release was published on openPR.