BUY token is the utility coin in the Buying.com network. Buying.com is a next-generation decentralized e-commerce hyper local delivery network, offering micro distribution channels powered by decentralized delivery networks. We enable smaller retailers who do not have the access to vertically integrated technology and logistic services, to access multiple delivery channels and failure monitoring, and hence, pose a serious threat to larger retailers by offering a fully integrated peer-peer delivery network with a top class delivery service. Our solution offers the most competitive delivery system which can result in 10-30% cost reduction compared to current expenses and expand the business's geographical reach to help increase its revenue. Current scope of the project focuses on restaurants and food-delivery businesses.
The BUY token’s maiden use case is in rewarding loyalty of participating restaurants of it's fulfillment operations in the food service sector where the platform aggregates the orders and deliveries from popular food-ordering apps such as Doordash, GrubHub, Uber Eats, and Postmates. All order details are stored on the Buying.com platform and a final reward calculation is carried out at the end of the day, based on the number of orders. At the end of a month, when the final settlement between the business and Buying.com takes place, the business can redeem the BUY token against their bill. The adjustments will be made based on the average market price of BUY tokens on the many listed exchanges.
Current reward system, which solely has the number of orders as the contributing metric for reward issuance, will be replaced by a more advanced and improved version, by virtue of a reputation score. Users will be able to rate and review the restaurants, and their services, which will contribute to a restaurant's reputation score. The reward scale will be tilted in favor of restaurants providing better services, incentivising better conduct from the restaurant's end and improving the end consumer's experience.
Going forward, we intend on accepting the BUY token for placing orders, paying delivery personnels, providing restaurant and end-user rewards etc. New mechanisms are being devised to have “premium benefits” such as priority deliveries, best rated drivers and cashbacks, based on the amount of BUY tokens staked by the users and restaurants.
Where is Buying.com available for purchase?
You can exchange BUY tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Buying.com is Gate, notably the BUY/USDT pair, which saw a trading volume of $ 43,941 in the past day. Additionally, BitMart and Tinyman are popular alternatives for trading tokens.
What is the highest value Buying.com (BUY) has ever reached?
Buying.com (BUY) reached its peak price at 0.1065 $ on 14 August 2021, approximately 4 years ago ago. Presently, the current price is -95.96% lower than this all-time high.
What is the historical minimum price for Buying.com (BUY)?
The minimum price reached for Buying.com (BUY) was 0.091427 $, documented on 02 November 2023, more than 2 years ago. In comparison, the current price is 3,01 BN.%, it above this historical low.
What is the fully diluted valuation of Buying.com (BUY)?
The fully diluted valuation (FDV) of Buying.com (BUY) stands at $ 2,90 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 BUY tokens. The realization of this FDV might take several years depending on the emission schedule of BUY tokens.
How to add Buying.com (BUY) to MetaMask?
By integrating Buying.com (BUY) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import BUY as a token. You can either manually import BUY by copying its contract address (0x40225c6277b29bf9056b4acb7ee1512cbff11671) or use MetaMask's Chrome extension to add BUY with a single click through P.CASH.
How to add Buying.com (BUY) to TrustWallet?
Incorporating Buying.com (BUY) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include BUY, you can either manually import it using the contract address (0x40225c6277b29bf9056b4acb7ee1512cbff11671) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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