About Buying.com
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.
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Trading Insights
Searched
3
Market Stats
Market Cap
$586.25K
1.41%
FDV
$1.77M
Circ. Supply
332M BUY
Max Supply
1B BUY
Total Supply
987M BUY
Diluted Valuation
$1.74M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$627.05K
-2.46%
Volume (7D)
$4.58M
Volume (30D)
$27.46M
All time high
$0.0574
Price Change (1Y)
-94.13%
Additional info about Buying.com
Recent trends
The latest BUY price is $0.0018. Compared to Buying.com's value of $0.00 from 24 hours ago, there's been a 4% increase, while the current price is -1% down from $0.00 which was recorded one week ago. Buying.com's all time high is $0.0574, which was reached on September 13, 2021. This is a -97% change from its price today.
The current circulating supply of Buying.com is 331,789,518. This is 33% of its max supply of 1,000,000,000 BUY and 34% of its total supply of 986,800,000. The market cap is currently $586.25K, which is a result of multiplying the current price of Buying.com($0.00) by the total supply(986,800,000 BUY). The fully diluted valuation of Buying.com is $1.77M. The diluted valuation of Buying.com is $1.77M.
Market details
BUY vs markets
↘ 95.35%
BUY vs BTC
↘ 96.1%
BUY vs ETH
↘ 91.37%
Tags
defi
trustswap-launchpad
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x396eC402B42066864C406d1ac3bc86B575003ed8 | |
Algorand | 137020565 | |
BNB Smart Chain | 0x40225C6277b29Bf9056B4ACB7Ee1512CbFF11671 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0018 | ↗ 3.54% |
1 Day | $0.0017 | ↗ 3.54% |
1 Week | $0.0018 | ↘ 1.12% |
1 Month | $0.0020 | ↘ 12.47% |
1 Year | $0.0301 | ↘ 94.13% |
FAQ
Buying.com (BUY) is a decentralized e-commerce platform that intends to change the landscape of online shopping by focusing on hyperlocal last-mile delivery and supply logistics. It aims to provide an alternative to major e-commerce platforms by offering a multi-channel delivery network and an integrated back-office e-commerce technology. The platform uses BUY tokens, incentivizing stores and users to make payments more affordable. It also provides businesses and consumers with seamless access to real-time delivery data for tracking purposes. The platform's unique feature is its peer-to-peer pick up and drop service, which aims to provide delivery with tracking and 24/7 monitoring.
Buying.com operates by leveraging blockchain technology to create a decentralized delivery network. It allows anyone to deliver goods, similar to how ride-sharing apps allow anyone to become a driver. This approach intends to solve the last-mile logistics issue that has been a long-standing challenge in e-commerce. The platform also uses its native BUY tokens as incentives for repeat business. Transactions on the platform are auto-verified, creating a tamper-proof audit trail. This system provides businesses and consumers with real-time delivery data, which can help optimize dropshipping costs.
Buying.com has a wide range of potential use cases. It can be used by businesses to streamline their delivery process, reduce costs, and gain access to real-time tracking data. For consumers, it offers the convenience of quick local delivery and the ability to track their orders in real-time. The platform also provides a solution for smaller retailers who do not have access to vertically integrated services, enabling them to compete with larger retailers. Manufacturers can benefit from faster and more granular distribution, access to consumer markets, and drop-shipping capabilities. Online retailers can enjoy unprecedented micro-distribution, the ability to buy directly from manufacturers and wholesalers, and more affordable payments.
Buying.com was founded by Jean Marie Gabriel, a designer with a vision to change the e-commerce landscape. The platform was launched as an affiliated company to Dropshippers.com. Under Gabriel's leadership, Buying.com has grown throughout the United States, offering their delivery platforms for all businesses. The BUY token was launched on the Algorand mainnet on February 24, 2021, with a total supply of 1 billion BUY tokens. The platform's development and IT infrastructure are led by Utkarsh Khare, the Chief Technology Officer, who has over 15 years of experience in the Information and Technology industry. The platform also has a team of developers, advisors, legal counsels, and marketing heads working towards the same goal.
We update our Buying.com to USD currency in real-time. Get the live price of Buying.com on Coinbase.
The current market cap of Buying.com is $586.25K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Buying.com is $0.0574. This all-time high is highest price paid for Buying.com since it was launched.
Over the last 24 hours, the trading volume of Buying.com is $627.05K.
Assets that have a similar market cap to Buying.com include HAVAH, ACENT, Credbull, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Buying.com is 332 million.
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