Blockchain technology is on a path of disruption, and few industries are exempt from its game-changing effects. For the rapidly expanding e-commerce market, blockchain and cryptocurrency will have a transformative impact on how consumers shop, retailers sell and distributors ship products to their destination.
The blockchain revolution is already several years underway, but e-commerce has remained largely on the sidelines. In the meantime, the market has become ever more centralized with the power of sales and distribution monopolized by a few big players.
Buying.com: The First Decentralized Marketplace
Buying.com aims to decentralize control of the e-commerce space by creating a consensus-based platform that puts power back into the hands of online shoppers and sellers. Unlike the current online retailing market, Buying.com is creating a platform where consumers and online stores can source products directly from manufacturers, distributors and wholesalers. In doing so, Buying.com will level the playing field for smaller online retailers and distributors, thereby creating a more competitive market for all players.
The Buying.com decentralized network will disrupt the e-commerce status quo through five industry-leading innovations: micro distribution, bulk pricing, real-time logistics, cryptocurrency and transparency.
Microdistribution
Decentralized networks are far more efficient at moving goods across time and space than the centralized distribution methods currently employed by Amazon, eBay and Alibaba. Buying.com is creating a system where anyone can transform empty, latent space into a distribution center.
Distribution on Buying.com is hyper-localized, which solves the last-mile logistics problem currently plaguing online sales. Buying.com effectively becomes the Airbnb of e-commerce by allowing anybody to monetize their garage, convenience store or empty warehouse. The network also becomes the Uber of e-commerce by allowing anyone to use their car for last-mile delivery.
Bulk Pricing
Although e-commerce platforms are said to offer more cost savings than big-box retailers, high minimum order quantities (MOQ) inhibit true price competition from taking place. Since virtually no consumer or online retailer can fulfill a manufacturer’s minimum requirements for bulk order quotes, they end up paying more for goods.
Buying.com’s decentralized platform gives every consumer and online retailer the power of millions when sourcing products from manufacturers and wholesalers. The power of a much larger group allows Buying.com users to hit MOQ levels easily, thereby unlocking deep discounts.
Real Time Logistics
Distributed ledger technology provides real-time logistics on all sales executed through the Buying.com network. Real-time shipping information, secure data encryption, and smart contracts are all designed to provide manufacturers, business and consumers with transparency throughout the sale and delivery process.
Cryptocurrency
The Buying.com network will be powered by the Prime protocol, a delegated proof of stake algorithm. The protocol facilitates transactions between suppliers and customers, dynamically locates inventories within hyper-local distribution centers and leverages localized transportation to help deliver products much more quickly than conventional shipping methods. The ultimate goal of the Buying.com platform, once scaled to capacity, is 2-hour delivery times for fast moving consumer goods.
Buying.com has developed a native cryptocurrency (BUY) that incentivizes consumers, distributors and delivery operators to scale the network to full capacity.
Transparency
Transparency and immutability are core features of the blockchain. Buying.com’s distributed ledger combines the latest innovations in distributed ledger technology to provide a fraud-proof solution that auto-verifies transactions. All transactions carried out on the blockchain are captured in a tamper-proof, secure audit trail.
BUY Token Sale
Buying.com is launching a pre-sale for its custom BUY token on Oct. 1, 2018.
To learn more about Buying.com’s upcoming token sale, read the official whitepaper. For the latest updates, follow us on Telegram.
Buying.com Details :
Buying.com Pre Sale :
Stage: Pre Sale Tier 1
Start Date:
October 1, 2018
Price:
$0.07
of tokens
100,000,000
Token sum Value:
$7,000,000
Stage: Pre Sale Tier 2
Start Date:
TBD
Price:
$0.09
of tokens
100,000,000
Token sum Value:
$9,000,000
Buying.com Crowdsale :
Stage: Crowdsale 1
Start Date:
TBD
Price:
$0.11
of tokens
150,000,000
Token sum Value:
$16,500,000
Stage: Crowdsale 2
Start Date:
TBD
Price:
$0.12
of tokens
150,000,000
Token sum Value:
$18,000,000
Pre-sale
Pre-sale start date 01 Oct 2018
Pre-sale end date 01 Nov 2018
Pre-sale token supply 200,000,000
Token Sale
ICO token supply 300,000,000
Legal
ICO Platform 3
Token details
Ticker BUY
Type Security
Additional Token Emission No
Accepted Currencies
ETH
Token distribution :
50% - Available for purchase
15% - Company Inventory
15% - Founders and Management Team
7.5% - Advisors
7.5% - Incentivization Supply
5% - Bounty Programs & Contingency
Funds allocation
38% - Marketing
25% - Research & Development
25% - Strategic Acquisitions & Logistics
10% - Admin
1% - Legal
1% - Contingency
Buying Website :
https://www.buying.comBuying Whitepaper :
https://www.buying.com/assets/documents/BuyingComWhitePaperLatest.pdfBuying Yellowpaper :
https://www.buying.com/assets/documents/buying_com_yellow_paper.pdfFollow Buying.com Telegram group and follow Buying.com social media
Buying Telegram Group :
https://t.me/buyingcomBuying Facebook Link :
https://www.facebook.com/buyingcomBuying Twitter Link :
https://twitter.com/buying_comBuying Linkedin Link :
https://www.linkedin.com/company/buying-com/Buying Reddit Link :https://www.reddit.com/user/buyingcom
Buying Github Link :
https://github.com/Buying-comBuying Medium Link :
https://medium.com/buying-comBuying Bitcointalk Link :
https://bitcointalk.org/index.php?topic=4925094
