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Playbox Completes $2 Million Seed Round Financing Led by Binance Labs

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According to reports, Playbox, a blockchain based e-commerce metaverse platform, has completed a seed round financing of $2 million, led by Binance Labs, with participants includin

Playbox Completes $2 Million Seed Round Financing Led by Binance Labs

According to reports, Playbox, a blockchain based e-commerce metaverse platform, has completed a seed round financing of $2 million, led by Binance Labs, with participants including Gate.io, Tron, CertiK, Ankr, IMO Ventures, LIF, Math Wallet, and OFR. Playbox is a metaverse platform with a Shop&Earn system, allowing users to shop at over 20000 merchants worldwide and earn cash returns. Playbox stated that it will launch more Earn mechanisms in the future.

E-commerce metaverse platform Playbox completed a $2 million financing

According to reports, Playbox, a blockchain-based e-commerce metaverse platform, has recently completed a seed round financing of $2 million. The funding round was led by Binance Labs, a strategic arm of the global crypto exchange Binance, and included participants such as Gate.io, Tron, CertiK, Ankr, IMO Ventures, LIF, Math Wallet, and OFR. In this article, we will take a closer look at Playbox and its unique Shop&Earn system.

What is Playbox?

Playbox is a metaverse platform that combines blockchain technology and e-commerce to offer users a new way of shopping online. The platform allows users to shop at over 20,000 merchants located worldwide and earn cash returns with its Shop&Earn system. Essentially, users can earn rewards in the form of cryptocurrency for each purchase they make on the platform.

Shop&Earn System

The Shop&Earn system is the core feature of Playbox. It allows users to earn Playbox tokens (PBX) for each purchase they make on the platform. The tokens can be used to buy goods and services on the platform or exchanged for other cryptocurrencies on supported exchanges. The amount of PBX earned per purchase varies depending on the merchant and the amount spent, but users can check the reward rate before making the purchase.

More Earn Mechanisms

Playbox has stated that it will launch more Earn mechanisms in the future. This means that users will have more opportunities to earn rewards on the platform. The company has not disclosed any details about the new Earn mechanisms, but it is expected to expand the range of earning options beyond the Shop&Earn system.

Advantages of Playbox

Playbox offers several advantages over traditional e-commerce platforms. Firstly, it allows users to earn cash returns for each purchase, providing an incentive to use the platform. Secondly, it uses blockchain technology to provide a secure and transparent platform for transactions. Finally, it offers a vast selection of merchants worldwide, providing users with a wide variety of products and services.

How to Get Started with Playbox

To get started with Playbox, users need to create an account on the platform. They can then browse the list of merchants and products and make purchases as usual. The cash rewards will be credited to their Playbox account automatically. Users can withdraw their PBX tokens to their supported wallets or exchange them for other cryptocurrencies.

Conclusion

The completion of the $2 million seed round financing is good news for Playbox and its future development. The Shop&Earn system provides a new way of shopping online, and the company’s commitment to launching more Earn mechanisms shows its dedication to providing innovative solutions for its users. With its unique offering and growing list of participants, Playbox is expected to continue to progress in the e-commerce space.

FAQs

1. Is Playbox available worldwide?
– Yes, Playbox is available worldwide, and users can shop at over 20,000 merchants located worldwide.
2. How are the cash rewards calculated?
– The cash reward rate varies depending on the merchant and the amount spent. Users can check the reward rate before making the purchase.
3. Can users withdraw their PBX tokens?
– Yes, users can withdraw their PBX tokens to their supported wallets or exchange them for other cryptocurrencies.

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