Cashback is one of the most popular offers for online shoppers. As Asia's leading traditional cashback platform, ShopBack was founded in Singapore back in 2014, with tens of millions of users and over 600 merchants in Hong Kong.
ShopBack has long been the preferred tool for saving money on online shopping by allowing users to get cash back through shopping links. The Laguna Network, which has emerged in recent years, specializes in "cryptocurrency".rebate」。
Backed by well-known blockchain companies such as Animoca Brands, this start-up platform opens up a new experience for users to "spend and earn" by converting their daily purchases into cryptocurrency rewards such as Bitcoin (BTC) and Stablecoin (USDC). For cashback users and blockchain newbies familiar with ShopBack, Laguna's emergence means thatrebateThe model is an upgrade. In this paper, we will look at theTechnical和User ExperienceOn both sides, we compare the differences between Laguna (crypto rebate) and ShopBack (traditional rebate) to see who is better in terms of reward mechanism, token release, decentralization, and operation flow, interface design, and cash-out efficiency.
We hope to help readers understand encryptionrebateThe company's strengths and highlights of Laguna's potential for revenue and user autonomy.
How do newbies earn more without thinking? Top 25 earn up to $15 USD rebate!
Many people sign up for Laguna and start spending directly, but in fact, as long as you do one more simple action, you can earn up to $15 rebate painlessly, which means that you have earned a sum of money without doing anything!
- 在 Here. Enter the referral code when registering MBHKIf you make your first purchase of $5 USDC or more, you will automatically receive $5 USDC cashback, so it's like getting a USDC reward for free!This reward isValid for a long time, unlimited number of seatsI recommend it to my friends.
- After registering, go to your profile, scroll down to "Promo" and enter your Promo Code.MBFIRST25(Note: This is not a registration referral code), you will get $10 BTC immediately! The reward is limited to the first 25 users who complete the first purchase, when you see this, hurry up to try it!
Once you reach $15 in your account, you can withdraw your funds to your crypto wallet, which means you can start spending with $5 and earn up to $15 in rebates, which is even better than using your credit card for rebates!
Technical Comparison: Crypto Rebate vs Cash Rebate
Differences in Feedback Mechanisms: ShopBack adopts a traditional affiliate marketing model, where users jump to a merchant's website through a ShopBack link to place an order, the merchant pays a commission to ShopBack, and ShopBack then takes a portion of that commission and passes it back to the consumer in the form of cash.This indirect mode results in a longer processing time as the rebate has to be confirmed by multiple reconciliations.
In comparison, Laguna Direct integration of trading and rebate mechanismsThe Laguna platform is not just about getting commissions. When a user completes a purchase, the Laguna platform automatically converts the merchant's commission into a cryptocurrency reward and records it in the account, making the rebate process more efficient and transparent with this blockchain-integrated direct link model.
Forms of Incentive: ShopBack's rebates are paid in fiat currency, which is a fixed and inflexible value. Laguna's rebates are paid inEncrypted CurrencyIt supports a wide range of tokens, including BTC, USDC, APE, and more.
Users can choose which cryptocurrency they want as a reward for each purchase, which is equivalent to earning a sum of digital assets. Compared to cash, Laguna gives users a more diversified form of rewards and initiative.
Appreciation Potential: Traditional cash rebates don't change the amount in hand, but cryptocurrency-deliveredrebateThe value may change as a result of market fluctuations.
For example, today, through the Laguna platform, you get 0.002 BTC asThe current value of the rebate is about HK$500, and if the price of Bitcoin increases by 20% one month later, the value of this rebate will become HK$600, which is equivalent to doing nothing, but the reward will appreciate by itself! Of course, cryptocurrency prices may go up and down, and there is no guarantee that the value of cryptocurrency will increase in the short term. However, if you are optimistic about the cryptocurrency market in the long term, you may want to accumulate the small amount of cashback every day, which may bring you an unexpected return in the future.
Decentralization and ControlShopBack's cashback is recorded in its centralized platform account and can only be withdrawn after accumulating a certain amount of money, which is completely in the hands of the company, while Laguna makes full use of the decentralized nature of blockchain to send the cashback rewards to the users' own crypto wallets. The rebate balance that users see on the Laguna platform is essentially their own crypto assets, which can be withdrawn to their personal blockchain wallets for safekeeping once they reach the threshold.
Flexibility and ChoiceLaguna offers flexibility not only in the choice of tokens, but also in the use of the rewards and how they can be withdrawn. In addition to being able to choose whether you want to get stable or mainstream coins, Laguna also plans to support the ability to withdraw your rewards directly to your bank account or to redeem them for a designated gift card, so there are a variety of options to meet different needs.
On the other hand, ShopBack's rewards can only be withdrawn as they are, with no more versatility. From the user's perspective, Laguna's crypto rebate gives you the flexibility to manage your rewards - you can choose to hold on to your rewards and watch them rise in value, withdraw them for cash, or even redeem them for other goods and services, which is far more flexible than traditional cash rebates.
Blockchain Transparency: Since Laguna's rebate is based on blockchain operation, every reward is traceable, which enhances transparency and credibility. Once a reward is withdrawn to a personal on-chain wallet, it is protected by the blockchain network and there is no need to worry about risks such as platform failure or frozen funds.
ShopBack's cashback relies entirely on its internal system records, and users are required to provide sensitive information such as bank account numbers before withdrawing their money. In terms of privacy and security, the encrypted rebate mechanism gives users greater peace of mind: not only is their personal information less exposed, but their assets are also more difficult to be misappropriated without authorization.
While traditional cash rebates emphasize saving you money, Laguna goes a step further by allowing you to "make money" out of the money you save. Laguna's technology model is undoubtedly more appealing to those who are looking for high return potential or who want to be asset independent.
Experience Comparison: Flow, Interface and User Controls
Registration threshold: Registering for an account with ShopBack usually requires you to provide your cell phone number, Email, and bind financial information such as your bank account or wallet when you make a withdrawal, which makes the process relatively cumbersome and tedious.
In contrast, Laguna has a much lower threshold for getting started. New UsersOnly one email address is requiredRegistration can be done quickly (you can also choose to use the encrypted wallet to login with one click). There is no need to submit sensitive information such as bank card number or ID card, so it's privacy-friendly and saves you the trouble of filling in your personal information, which is very friendly to newcomers to crypto.
Interface and Shopping ProcessLaguna's operation is almost the same: login to the platform, select the merchant you want to buy from (e.g. Agoda, iHerb, etc.), select the cryptocurrency you want to receive from the merchant in the "Select cashback token" field, and click "Shop Now". Select the cryptocurrency you'd like to receive in the "Select cashback token" field and click "Shop Now" to be redirected to the merchant's official website. Users then simply select and pay for the products as usual, without any additional plug-ins or apps to assist in the ordering process. The overall shopping experience is the same as using ShopBack, so even newcomers to blockchain can easily get started with the Laguna platform.
Return Confirmation and Waiting Time: When you use ShopBack, you can't get your cash back immediately after you make a purchase. You have to wait for the merchant to confirm the transaction is correct, then ShopBack receives the commission and reconciles with the merchant before finally releasing the cashback, which often takes as long as 45 to 150 days. Many users have had the experience of waiting for months for their cashback to arrive.
Laguna has optimized this process through technology: since the transaction and the rebate are directly integrated, the order is recorded and the amount of the rebate is added to the user's account immediately after the order is placed. Typically, within a few days of placing an order, the user will see the corresponding encrypted reward in Laguna, which is pending confirmation. Once the merchant confirms the order (which takes a similar amount of time as traditional platforms, typically 30-120 days), Laguna will officially release the rewards to your account wallet in the chosen token, without the need to wait for additional review. Overall, Laguna's process from purchase to reward crediting is faster and more transparent.Reduces the uncertainty of long waits。
Additional Revenue Opportunities: On ShopBack, there are fewer channels to increase revenue other than the cashback itself. However, Laguna, as a Web3 platform, has designed a variety of additional incentives to increase user returns.
For example, simple quests are regularly launched for users to participate in, and additional token rewards can be earned by completing questionnaires, subscribing to partners, etc.; or for users who hold specific NFTs, a rebate percentage is automatically provided, and in some cases, the percentage can be as high as two times the original amount. In addition, there are also innovative ways to earn extra USDC by referring friends, as well as a lucky draw for accumulated points.
All these features are not found in traditional rebate platforms. Through gamification, users can have more interactive fun beyond consumption and at the same time gain more substantial income. For those who are keen on woolgathering, Laguna obviously provides more abundant "gathers".
Merchants and Offers CoveredLaguna: As a well-established rebate platform, ShopBack partners with a wide range of merchants. In Hong Kong, the number of merchants it partners with has exceeded 600, covering a wide range of categories such as travel, fashion, food, electronics, etc. Although Laguna has not been online for a long time, the number of merchants it supports is no less than the number of famous websites such as Agoda, Trip.com, Farfetch, iHerb, etc. Laguna is also a popular platform in Hong Kong, and it is a good choice for those who are interested in giving back.
You can earn encrypted cashback with Laguna on almost all of the everyday merchants that you can get rebates on at ShopBack. Plus, in some categories, Laguna's rebate rates are even better. For example, for travel bookings, ShopBack's average cashback is around 4% to 5%, while Laguna offers a crypto cashback of almost 6%, so you can earn even more. Overall, both of them can fulfill your daily online shopping needs in terms of merchant coverage, but Laguna usually brings a higher rate of return.
How to Register, Earn Cryptocurrency Cashback on Online Shopping (Full Process Tutorial)
Want to know how to go from online shopping to withdrawing cash at Laguna? Here's a quick overview of the entire process of earning cryptocurrency cash back.
Step 1: Register for a Laguna account and log in.
- leave for Laguna Official Website
- Register for an account using an email address (no Web3 wallet required)
- Select your place of residence, e.g. Hong Kong, and Laguna will automatically recommend you local support partners.
Step 2: Browse and Select Partners
- On the Laguna platform, select the site you want to spend your money on, such as Agoda, Trip.com, Olive Young, Sephora, Lululemon, and more!
- Select the cryptocurrency you want to receive under "Select cashback token" and click "SHOP NOW" to be redirected to the official website (like ShopBack).
Step 3: Purchase normally and wait for cashback confirmation.
- Make a normal purchase at the merchant's website and checkout.
- Laguna will display "Cashback Pending Confirmation" in your account within approximately 7 days after the order has been placed.
- Once the purchase is confirmed by the merchant (usually takes 30-120 days, for travel, depending on the time of completion of the trip), Laguna will officially release the corresponding cryptocurrency reward to your account wallet.
How can I use the Cashback after I have successfully accumulated the Rebate Reward?
- Claiming Crypto to EVM compatible Web3 packages (e.g. MetaMask)
- Redeem for a specific gift card (e.g. Amazon, Apple)
- Cash withdrawals to bank accounts will be opened in the future (under development).
Start earning Crypto Cashback: Experience the Laguna advantage today!
In just two steps, you'll get an additional $$15 USD equivalent Laguna Crypto Cashback Bonus!
- 在 Here. Register Laguna account and enter referral code MBHK ($5 USDC rebate upon first purchase of $5 USDC)
- After registering, go to your profile page and enter the promo code in the "Promo" field. MBFIRST25(Limited to the first 25 new users who complete their first order, plus $10 BTC equivalent)
The above offer equals to $15 cryptocurrency cashback for $5 USD! Laguna's minimum withdrawal threshold is only $15 (which is easier to achieve than most credit card cashbacks), and you can transfer the reward to your personal crypto wallet as soon as you reach the target. Sign up for Laguna and start accumulating your first cryptocurrency cashback! If you miss it, it's gone!
Frequently Asked Questions｜Withdrawal Process, Security
After earning cryptocurrency on Laguna, many newbies are concerned about: when will I be able to withdraw my cryptocurrency? Is it safe? Will it be troublesome to operate?
The following is a compilation of the most frequently asked questions and answers so you can read them all at once!
Depending on the source from which you earn your feedback, the withdrawal time may vary:
- Purchase of Gift Cards (Vouchers)Withdrawal within 24 hours
- Online Shopping (General Merchandise)Cash out in about 30-60 days
- Travel (Hotel/Air Tickets)Unlocked 30-120 days after completion of the trip.
Once you have reached the minimum withdrawal amount (currently around 15 USDC), you can choose between the following two withdrawal options:
Withdrawal to a personal cryptocurrency wallet (e.g. Metamask)
- Simply enter your EVM-compatible wallet address
- Free to transfer or exchange the cash for other assets after withdrawal
Redeem for e-gift card
- The platform offers a variety of options such as Amazon, Apple, and restaurant coupons.
- If you don't want to withdraw your funds in the short term, you can also redeem your daily gift cards.
Laguna is designed to be very consumer friendly!
- No cryptocurrency wallet is required to register and spend money.
- No assets to connect, wallet address only required for withdrawals
- Support Delegate.xyz authorization mechanism, Cold Wallet can securely manage the withdrawal privileges.
Laguna doesn't actively manipulate your wallet or ask for sensitive information such as private keys/helpers, all you need to do is to sign up with Email to start accumulating feedback, which is very suitable for the general public!
If you just want to "earn feedback first and learn about cryptocurrencies later", Laguna is definitely a good choice with low threshold and low risk.
Disclaimer
The content of this article is for reference only, investors should exercise independent judgment, invest prudently and at their own risk, this article does not provide or attempt to persuade the audience to do trading or investment basis, the content is for sharing purposes only, and should not be regarded as investment advice.It does not represent the views and position of Monsterblockhk.All information and opinions are current as of the date of the judgment. In addition, if a judgment is rendered on aIn this siteAny content related to virtual asset trading platforms that have not yet obtained a license to operate virtual asset trading platforms in Hong Kong, including but not limited to text introductions, pictures, offers, events, etc., are only available to users outside the Hong Kong Special Administrative Region.
According to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, after June 1, 2023, all centralized virtual asset trading platforms operating in Hong Kong or actively promoting their services to Hong Kong investors will be licensed and regulated by the SFC, and any related unlicensed activities will be a criminal offence. For more information and details of the legislation, users may refer to the SFC website.