Buying.com Price

Buying.com is a cryptocurrency designed to power a decentralized e-commerce and logistics ecosystem. It serves as the native token for the Buying.com platform, which aims to revolutionize last-mile delivery by enabling 1-hour deliveries through a network of micro-distribution centers. Buying.com facilitates transactions between manufacturers, distributors, delivery companies, and consumers within this ecosystem. Key features of Buying.com: - Current price: $0.007545 - 24h change: -9.84% - Market cap: $4.93M - Circulating supply: 654.08M BUY - Total supply: 986.8M BUY - Max supply: 1B BUY Buying.com was launched in August 2021 and operates on multiple blockchains including Ethereum, BNB Chain, and Algorand. The token is used for various purposes within the Buying.com ecosystem, such as payments, rewards, and governance. As of 2026-02-02, Buying.com ranks #1477 among all cryptocurrencies by market capitalization. The project aims to expand its services beyond food delivery to other retail sectors in the coming years, potentially driving increased adoption and value for the BUY token.

Buying.com was created in August 2021. It was officially launched on August 18, 2021 as a cryptocurrency operating on the Ethereum platform. The project aims to provide a decentralized e-commerce and logistics ecosystem, enabling one-hour delivery services across 22 states in the United States. Buying.com utilizes the BUY token for transactions within its ecosystem, involving manufacturers, distributors, delivery companies, distribution centers, and consumers. The platform focuses initially on food orders, allowing restaurants to manage internal orders, online orders, and orders from major delivery apps through a single system.

The founders of Buying.com are Jean Gabriel and Raghu Bala. They established the project in 2017 with the vision of creating a decentralized e-commerce ecosystem. Jean Gabriel serves as the CEO, bringing extensive experience in retail and logistics. Raghu Bala is the CTO, leveraging his background in technology and blockchain development. Together, they have led Buying.com to become a platform that aims to revolutionize last-mile delivery and e-commerce operations through blockchain technology and the use of the BUY token. Their leadership has been instrumental in developing Buying.com's infrastructure across 22 U.S. states and onboarding hundreds of retail partners to utilize the platform for thousands of deliveries daily.

Buying.com works as a utility token within the Buying.com ecosystem, facilitating transactions between various participants in the platform's localized micro-distribution network. Here's how it functions: 1. Platform Transactions: BUY is used for payments between manufacturers, distributors, delivery companies, distribution centers, and consumers on the Buying.com platform. 2. Last-Mile Delivery: The token powers the 1-hour last-mile delivery service, enabling quick and efficient local deliveries. 3. Order Fulfillment: Restaurants and other businesses use BUY to process internal orders, online orders, and orders from major food delivery apps. 4. Incentives: BUY may be used to incentivize participants in the ecosystem, such as rewarding efficient deliveries or loyal customers. 5. Governance: Token holders might have voting rights on platform decisions and upgrades. 6. Value Transfer: BUY allows for seamless value transfer within the ecosystem, reducing friction in transactions. 7. Expansion: As Buying.com expands its services and upgrades its platform, BUY will likely play a role in new features and functionalities. The current price of BUY is $0.007545, with a 24-hour trading volume of $100.5K. Its market cap stands at $4.93M, ranking 1477 among all cryptocurrencies.

Buying.com utilizes a hybrid blockchain architecture combining elements of public and private blockchains. The core network runs on a permissioned blockchain for high throughput and scalability, while also interacting with public chains like Ethereum and Algorand for enhanced security and interoperability. Key technical components include: 1. Distributed ledger technology for transparent record-keeping 2. Smart contracts to automate transactions and logistics processes 3. Consensus mechanism based on Proof-of-Stake for energy efficiency 4. Layer-2 scaling solutions to handle high transaction volumes 5. Cross-chain bridges for seamless asset transfers between networks 6. Decentralized oracle network to incorporate real-world data 7. Privacy-preserving zero-knowledge proofs for sensitive information This architecture allows Buying.com to process thousands of transactions per second while maintaining security and decentralization. The system is designed to support the platform's e-commerce and last-mile delivery use cases at scale.

Buying.com has an ambitious roadmap for the future. Key milestones include: • Expanding its logistics infrastructure beyond the current 22 US states to achieve nationwide coverage by 2027 • Enhancing the 1-hour delivery platform with AI-powered route optimization and predictive inventory management by 2028 • Launching international operations in major European and Asian markets by 2031 • Developing a decentralized marketplace for local businesses powered by BUY tokens by 2028 • Integrating with major e-commerce platforms to offer 1-hour delivery as a service by 2027 • Reaching 1 million daily deliveries globally by 2031 The team is focused on growing adoption of the Buying.com ecosystem and utility of BUY tokens. With its innovative last-mile delivery model, Buying.com aims to revolutionize e-commerce logistics in the coming years.