OVERVIEW
The Ecommerce industry is one of the fastest growing market in the world and has hit 5 trillion Dollar in marketcap, this growth however was achieved despite the many lapses and difficulties associated with the industry especially when it comes to pricing, consumer protection, ease of distribution and channel development which the Buying.com intends to address and it is believed that with the buying.com blockchain, the next milestone in Ecommerce industry will be entered.
For anyone that have been conversant with the ecommerce business can identify with some the challenges that is associated with the ecommerce industry which among the myriad of them have to do with limitations in the payment system and the quota system associated with most banks where one should have restricted amount of spend from his local account, the minimum order quantity(MOQ) problem and pricing which limits consumers to buying at higher cost than they would have if they have reached the MOQ. Retailers also lose a lot of money due to chargebacks that may be as a result of lost goods, damaged delivery, general incomplete transactions and losses. Increase in price to end customers due to centralized warehousing that results in high shipping cost, local delivery issues that may be cost effective and inefficient. The challenge with e-commerce players and retailers in trying to keep up with the industry growth as it concerns logistics needs, data storage and wider reach to customers. Speed of delivery also is a major issue.
ECOSYSTEM AND USE CASE
The buying.com Ecosystem tends to reinvent the Ecommerce industry by providing each individual the ability of a higher buying power where they would be able to buy directly from wholesalers, manufacturers and distributors at a higher discounted price. In their own terms, they pride as the next generation Decentralized E-Commerce Platform that harnesses the power of distributed ledger technology along with innovations in Bulk Pricing, Real-time Logistics, E-Commerce and Cryptocurrency.
Listed here amidst many are the list of challenges that buying.com would address:
Increased Purchasing Power and pricing where individual or consumer will be able to buy directly from Manufacturers and distributors without the issue of MOQ, this is made possible whereby Each individual will receive the best pricing by combining their purchasing power with other people interested in buying the same products.
The chargebacks losses accrued to relatailers will be curtailed by utilizing Buying.com's Prime-Protect technology, where purchases will be escrowed till delivery is satisfactorily completed.
Providing a decentralized distribution network and categorizing each into distribution nodes where the warehousing system will be localized for ease of reach to the consumers.
Provision of hyperlocal last mile distribution where a network of drivers and distributors will form the hyperlocal distribution points and it promises to be fast and cheaper.
They will provide a top notch delivery system that can deliver customer goods within two hours of with demand. This will be with the combining power of their Genesis, Ecommerce-on-Demand and IDeliver* infrastructure
TOKEN USE CASES:
-Used for staking tokens in order for Microdistribution centers to participate
-Used for staking tokens in order for Delivery operators to participate
-Used as rewards when a user recommends Buying.com to another service, the former receives re-wards in the form of tokens
-As a form of payment in the Buying.com network specifically for shipping
-As a form of payment to Microdistribution centers and Delivery operators for providing a service
-As a form of dividend payment to investor.
CONCLUSION:
The whole buying.com Ecosystem is very exciting as it gives every player within it a comparative advantage and benefit, It will revolutionize the ecommerce industry when fully launched and operational. The buying.com has a very huge potential and room for success as it is detailed in the whitepaper with plans for implementation. The token however will be sought after as it's value will yield increasingly with the expansion of the ecommerce space and user case. May have to be as big as Amazon or Walmart someday.
ROADMAP
Token information:
Ticker: BUY
Platform: Ethereum
Token Type: ERC20
Available for sale: 500,000,000 BUY (50%)
Total supply: 1,000,000,000 BUY
Financial
Pre-sale Price : 0.07 - 0.09 USD
ICO Price: 0.11 - 0.12 USD
Accepting: ETH, BTC, USD
Soft cap: None
Hard cap: 50,500,000$
Bonuses: Up to 25%
USEFUL LINKS:
Website: https://www.buying.com/
Reddit: https://www.reddit.com/user/buyingcom
GitHub: https://github.com/Buying-com
Facebook:https://www.facebook.com/buyingcom
https://twitter.com/buying_com/
Whitepaper
Medium: https://medium.com/buying-com
Telegram: https://t.me/buyingcom
LinkedIn: https://www.linkedin.com/company/buying-com/c
https://buying.com/site/documents/BuyingComWhitePaperLatest.pdf
My Bountyhive username: Iykecollins
My Bitcointalk:
https://bitcointalk.org/index.php?action=profile;u=1365330
Eth: 0x2E89FB7484B379fCD63132b81bB2076eBcd651d5