What is Buying.com?
Buying.com is a decentralized e-commerce platform that focuses on hyperlocal last-mile delivery and supply chain logistics. The platform leverages the blockchain network to power its delivery networks. Buying.com offers multi-channel delivery that competes to reach market giants such as Walmart and Amazon while offering more enhanced solutions. The project is built around the BUY token, the native asset of the Buying.com Network. It offers incentives for stores and users, making payments for goods and services cheaper.
Overall, Buying.com offers the following features:
- Buying.com utilizes blockchain technology to eliminate intermediaries. This model enables faster, more transparent, and cost-effective delivery services.
- Buying.com enables seamless tracking of products during the delivery process. This feature is supported by the transparent, decentralized, and immutable blockchain network.
- Buying.com provides an immutable and transparent ledger that protects the network from any fraud.
- The protocol offers peer-to-peer pick-up and drop-off services, which guarantees delivery and tracking throughout.
- Buying.com offers a robust range of distribution networks at the local level.
The protocol offers top-class peer-to-peer delivery services to users who lack access to vertically integrated technology and logistic services. Therefore, it poses a threat to larger retailers. As of writing, the project focuses on restaurants and food delivery, with a plan to expand its scope in the future.
Use Cases of BUY Tokens
BUY is a utility token that powers the Buying.com ecosystem. Currently, BUY supports incentive programs that reward the loyalty of participating restaurants. Businesses can redeem their BUY coins against their bills. The platform also intends to accept payments in BUY tokens. Thus, users will be able to place orders and pay delivery personnel in BUY crypto assets. This use case may come with premium benefits, such as cashbacks.
Note that the BUY price may fluctuate due to changes in various market factors. Therefore, ensure you research the Buying.com price to have a clear picture of the market behavior.
Who Founded Buying.com?
Jean Marie Gabriel is the founder of Buying.com. Jean is passionate and zealous about innovation. Jean's leadership skills and experience are helping him drive the company forward. Buying.com has grown throughout the United States, marking its presence in 50 states in the US. The platform is also supported by a team of other experienced leaders, developers, advisors, marketing heads, and legal counsels.
Tokenomics of BUY
The BUY token was released with a total supply of 1 billion BUY. The token has a native version on Algorand and a wrapped version on the Ethereum network. The BUY token economy is intended to safeguard the project's value, as reflected in the BUY price.
