Buying.com’s team has grown to 110 employees in seven countries, with thousands of drivers. The programming team, led by Utkarsh Khare, has completed all of the current roadmap points ahead of schedule, and the management team, led by Evelyn Rivera, has implemented a reliable structure and dependable processes that keeps Buying running smoothly despite the inevitable challenges associated with starting a business.
Buying’s previous accomplishments
The team has completed every step on the current roadmap, and the platform is now operational in beta production test-mode prior to starting major worldwide marketing efforts. Buying has also completed a cash buyback from TrustSwap of 36 million BUY tokens at spot price.
This was vital to ensure that the token community would be stabilized and that a single holder’s movement would not be able to affect the value and stability of the BUY token’s future growth. Buying has also finished the platform’s Google Chrome extension, which is now downloadable and functional for the token’s cash back program.
Social Group Buying and Cash Back Rewards
Social Group Buying is a novel feature that makes bulk pricing accessible to all customers, not just large corporations with the financial resources to meet minimum order quantities. Customers can now pool their funds to buy products at wholesale prices, thereby providing small businesses a competitive advantage in the e-commerce market.
Consumers can use the Cash Back Rewards program to buy products from thousands of stores that have partnered with Buying and receive not only cash back rewards but also BUY tokens that can be matched with many partners and affiliates. The team is constantly working to develop strategic relationships with additional online retailers.
What else to look forward to?
Buying will work with Otter to provide delivery through its Point of Sale platform. With this partnership, Buying will be able to improve delivery services for restaurants and businesses across the country. Buying’s national delivery infrastructure will be made available to Otter customers, while Otter’s solutions will be made accessible to Buying’s community.
Buying is also excited to announce a collaboration with Shopping.io, which will allow users to use BUY tokens to purchase items from major e-commerce hubs like Amazon and eBay. BUY will also be the platform’s first Algorand token, with its use unlocking discounts at hundreds of stores.
What about Buying’s staking program?
The team wants to emphasize that it values the community’s opinions and feedback and that its considers all of it, along with a slew of other factors, when making crucial decisions. Today, the total number of tokens staked has increased to 270 million. It’s also critical that no one can devalue the BUY token, even if it means delays.
As of Sept. 1, 2022, the APY for BUY will be reduced to 21.25%, which is still a healthy and manageable APY for Buying, allowing for consistent exponential growth and expansion.
Addressing concerns and future plans
Buying announced the $5.5 million acquisition of the domain names Physicians.com, Obgyn.com, and HairRestoration.com. The team believes domain names in the medical fields will boost Buying’s growth and market speed. A completely separate design team has already been hired and is in full design and buildout mode, ensuring that the logistics and cash back rewards are not effected.
An additional sales team is also being hired for partners and affiliates in the medical ecosystem to help with growth, and there are plans to launch the first medically driven Algorand blockchain structure for the medical industry within the next 12 months as well.
Why did Buying choose the medical field?
Physicians.com will change the medical game by making things more streamlined and accessible, and Buying’s sales teams are working hard to register medical practitioners and medical centers worldwide who are eager to join and participate in the services. This will enable Buying to create cost-effective individual niche networks that are significantly valuable resources for patients with specific needs.
Physicians will connect with thousands of doctors and will continue to add world-class professionals to its database. With tele-health rapidly expanding, the timing is ideal for positioning Buying’s token holders in areas other than consumer goods.
Buying.com, located in Mount Arlington, New Jersey, is a forward-thinking technology company that is transforming logistics and e-commerce with decentralized blockchain solutions for consumers and businesses. The platform’s on-demand delivery solutions offer restaurants a convenient, easy-to-use, secure and cost-effective last-mile delivery network. The Prime blockchain protocol raises delivery standards to new heights by applying tried and true peer-to-peer models to supply and logistics like Uber or Airbnb.