We have seen a massive transition in how we buy and sell items in our daily lives. If you could recall, people had to move to shops and specific locations such as the marketplaces to buy or sell. Since then, we’ve witnessed a great revolution in this facet of life, thanks to technology and the internet. The introduction of e-commerce has made life worth living due to the fact that we could seamlessly buy and sell varieties of goods and services from the comfort of our homes and get our packages delivered to us. It is even interesting how one can purchase goods overseas regardless of one’s geographical location. Even though e-commerce is ubiquitous, it has been appended with various setbacks that Buying.com seeks to comprehensively address and improve the overall standards. These may include the inability for manufacturers and wholesalers to efficiently ship products to small-scale retailers and some consumers, last mile distribution and small retailer and consumers being deprived of purchasing power. Buying.com is focused on building a decentralized e-commerce network powered by the blockchain technology to improve market efficiencies as it was implicit in previous generations of e-commerce.

Buying.com - Let’s take a closer look at the network!

[Buying.com] Introductory Video

The Buying.com e-commerce network seeks to make life much easier for it various stakeholders with the aid of the blockchain technology. With the motive to address the issue of Minimum Order Quantity (MOQ) of most manufacturers, wholesalers, and retailers, Buying.com’s WeBuy approach will leverage the purchasing power of millions of consumers and small-scale firms who have interest in buying a similar product. This will result in each individual receiving the best pricing as compared to other platforms.

Manufacturers, businesses and consumers will get access to real-time logistics data powered by the blockchain technology which comes with transparency and maximum security. Having seamless access to shipment data will also optimize dropshipping cost.

The decentralized distribution employs the idea behind Airbnb to facilitate the distribution of packages. Buying.com focuses on turning unused garages into a distribution center. This epic service is known as Microdistribution. This initiative will help address the last mile delivery problem and as well as allowing individuals and small businesses benefit from the model by becoming distribution centers.

The BUY token (a cryptocurrency) will act as the primary mode of payment for all transactions carried out in the Buying.com network (most specifically for shipping charges). In order to facilitate efficient scaling in the network, the BUY Tokens have incorporated incentive schemes for node operators.





The Future

Much works and efforts have gone into the project in order to achieve its outlined milestone. There has been significant improvement in the general development of the project. However, the adventure still continues to improve the Buying.com network. In the upcoming months, Buying.com will be unveiling the BUY token and blockchain enhancements in the network, followed by the launch of the Buying.com DApp. Subsequent milestones that will be accomplished may include the launch of mobile direct product app to enable group purchases by consumers and launching of Buying.com PRIME Protocol TestNet and the MainNet thereafter.

Token Generation Event Token Distribution

Available for purchase: 50%

Company Inventory: 15%

Founders and Management Team: 15%

Incentivization Supply: 7.5%

Advisors: 7.5%

Bounty Programs % Contingency: 5%

Use of Funds

Marketing (38%): 19 million

Research Development (25%): 12.5 million

Strategic Acquisitions & Logistics (25%): 12.5 million

Admin (10%) 5 million

Legal (1%): 0.5 million

Contingency (1%): 0.5 million

Token Sale Schedule Stage: Pre Sale Tier 1

Start Date: October 1, 2018

Price: $0.07

Number of tokens: 100,000,000

Token sum Value: $7,000,000

Stage: Pre Sale Tier 2

Start Date: TBD

Price: $0.09

Number of tokens: 100,000,000

Token sum Value: $9,000,000

Stage: Crowdsale 1

Start Date: TBD

Price: $0.11

Number of tokens: 150,000,000

Token sum Value: $16,500,000

Stage: Crowdsale 2

Start Date: TBD

Price: $0.12

Number of tokens: 150,000,000

Token sum Value: $18,000,000

Accepted Currencies: BTC | ETH | BCH | LTC | FIAT

Development Road Map

Team members

Strategic Partners

Resources

Website--- https://www.buying.com/

Whitepaper--- https://www.buying.com/assets/documents/BuyingComWhitePaperLatest.pdf

Medium--- https://medium.com/buying-com

Github--- https://github.com/Buyingcom

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