Summary
Founded in 2022, Mallconomy is committed to building the most entertaining shopping mall in the metaverse. The plan includes a Metaverse training academy, a recruitment portal for specialized needs, and easy processes for brand integration. This allows both small and large brands to join the metaverse at a low initial cost. As a prominent member of the Metaverse Standards Forum, Mallconomy promotes working together within the Web3 development community to create a globally connected metaverse that meets various requirements.
Mallconomy: Transforming the Metaverse Economy
Mallconomy delivers a complete Web3 Commerce solution that equips creators with the necessary tools to build, earn from, and share content in the metaverse. Functioning in a clear, decentralized system, this all-in-one platform supports growth and ensures enjoyable shopping experiences for users.
Mallconomy has launched the $WOOT token to act as the main currency in its system. The token helps power the creator economy within Mallconomy. By adopting a system where merit leads, Mallconomy is building a Web3 commerce space filled with real-life elements. Its goal is to transform how people experience the metaverse. The mall economy focuses on creating varied and lasting ways to make money, thus making sure its ecosystem stays strong and healthy. This revenue contributes to a fund that supports and sustains the $WOOT token’s economy, backing up their “Work.Own.Operate.Transfer” financial strategy.
Experienced Team
The team behind Mallconomy is described as having a wealth of experience in product development and business operations, with a notable track record in building fintech. The team consists of 29 members spread across four continents. They have expressed an ambition to grow and are actively involved in creating an engaging shopping experience in the metaverse.
Business Model
Mallconomy’s business strategy incorporates key elements to improve user involvement and satisfaction.
- Seamless Multidevice Compatibility: Mallconomy ensures users get a uniform experience whether they are using PCs, mobile phones, or smart TVs. This feature makes it easy for everyone to access and enjoy all that Mallconomy offers, no matter what device they are on.
AI-powered Sales Assistants: At Mallconomy, intelligent sales assistants powered by ChatGPT and featuring Ready Player Me avatars are available in stores. These assistants provide 24/7 personalized support, offering suggestions and help tailored to each customer’s needs. - Earn While You Browse: Mallconomy has introduced a Browse to Earn feature that allows customers to earn rewards as they explore and engage with products. Shoppers gain points for every action they take, from looking through items to making purchases.
NextGen LaunchPad Experience: Mallconomy introduces an innovative LaunchPad feature that resembles a Tinderlike method for investing in the metaverse. Users can support their preferred brands’ metaverse stores, take part in group land buys, and invest time or money while owning a valuable MallCard NFT. This approach creates a lively and captivating investment opportunity. - CommunityCentric Empowerment: Putting community at the forefront, Mallconomy promotes active participation and engagement from its users. The platform invites everyone to help guide its development and success. This collaborative approach not only gives users a say but also builds a strong sense of community ownership and involvement.
- Launchpad: LaunchPad gives users an investment experience similar to Tinder in the Metaverse. Users can back their favorite brands’ stores in the metaverse, buy land together, and invest either time or money. Owning a MallCard NFT brings extra benefits.
- The Rewards Hub: This lets users collect rewards from well-known brands by working with the brands they love. It fully activates their Web3 e-commerce adventures with Mallconomy.
- AI-driven Intelligent Sales Assistant: Mallconomy equips stores with AI-driven intelligent sales assistants using ChatGPT-powered Ready Player Me avatars. These assistants provide personalized support all day, every day, making shopping more enjoyable for users.
Tokenomics
The $WOOT token, the key currency within the Mallconomy ecosystem, is crucial to supporting the creator economy. As a leading merit-based Web3 commerce system that combines real-world behavior into the metaverse, this method offers a variety of ways to make money while promoting energy throughout the ecosystem.
The $WOOT tokenomics are planned to keep the economy healthy and stable. The revenue acts as both a treasury and support for the token economy, aligning with our “Work.Own.Operate.Transfer” financial framework.
- Public Sale, 7%
- Seed Sale: 20%
- Team, 13%
- Advisors, 3%
- Staking Rewards: 17%
- Market Making/Liquidity, 20%
- Treasury, 20%
Percentage points allocated for public sales stand at 7%, while seed sales have been assigned 20%, ensuring an equitable distribution.
The Ongoing Mall Economy Presale
The clock is ticking! In only 2 days, 2 hours, 50 minutes, and 31 seconds, Mallconomy will change its presale prices. They have already collected $97,424.02 of their $225,077 goal. Remember, once the countdown ends, not only will prices rise but their fundraising target will increase too. Mallconomy aims to gather well over $225,077 in total.
Here are the important details,
- Token Price, 1 $WOOT = $0.0027
- Funds Raised, $97,424.02
Don’t miss out on buying $WOOT tokens at this low price before it increases. Join their presale now and contribute to building Mallconomy’s future in the metaverse.
Roadmap review
In early 2022, Mallconomy began its project by setting up its website and introducing the MallStar App. They also formed an advisory board and started technology partnerships, aiming to attract a community of 10,000 MallStars. By the end of this phase, their objective was to grow this number to 50,000 members while getting 1,000 daily users for their app and working on smart contracts.
During the first half of 2023, Mallconomy planned to significantly increase its community size to 100,000 MallStars and maintain a minimum of 1,000 daily active users on their app. Their goals included starting development on their genesis NFT collection called MallCards and launching a private demo of their Metaverse that utilizes ChatGPT technology. They also aimed to secure more partnerships and arrange deal flows for further project expansion.
By early 2024, Mallconomy’s target was to sustain a community strength of 100,000 registered MallStars while continuing advancements in other strategic areas.
Mallconomy has registered MallStars to start the Token Generation Event (TGE) for their $WOOT token. They intend to establish staking through MallBank, place their token on both decentralized (DEX) and centralized (CEX) exchanges, and launch their app on the Apple and Google platforms. Furthermore, they plan to begin selling land NFTs that come with yield-bearing benefits.
Later in the second half of 2024, Mallconomy plans to open the marketplace’s closed beta phase and introduce their Tinderlike Launchpad. Additionally, they are set to release their 3D Creator Studio as well as a beta version of Mallverse. Their biggest goal is to open the Mallconomy Metaverse Shopping Mall. This mall will feature ChatGPT-powered AI avatars and will be available on smart TVs worldwide.
Mallconomy’s roadmap details a clear strategy from starting the project to creating a complete Metaverse shopping environment. This plan is punctuated by several key milestones that support this development.
Final Verdict
Mallconomy’s Web3 Commerce enables creators with a full-fledged solution, offering creators the essential tools required to create, monetize, and share content in the metaverse. Such a robust solution will be a significant catalyst for growth and a fun and exciting shopping experience. The creator economy, supported by the WOOT token functioning as the primary currency, is expected to play an instrumental role in implementing a considerably fairer Web3 commerce system with real-world elements, functioning as the first-ever evidence-backed neo-Mall economy. To conclude, the creator’s rewarded tokenomics, having equal payoff dynamics and an earnings-centric fiscal foundation, adds to the ecosystem’s health and sustainability.
Whitepaper/Manifesto
Business Model
Backing technology
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4.4
(Overall Rating)
