Buying.com Announces July 14th Token Sale on TrustSwap Launchpad

Share Article

Share on facebook
Share on twitter
Share on reddit
Buying.com is a hyperlocal micro-distribution network fulfilling last-mile delivery within 1-hour, and the $BUY token is used to facilitate transactions in this

Buying. com, the team that founded the on-demand delivery platform and order management system, announced today that they will work together with TrustSwap to help in the execution of their token offering on July 14th, 2021 at 9:00 AM PST.

Buying.com suits businesses looking to upload products to its native platform and provide 1-hour delivery. The Buying.com delivery infrastructure is currently available in 22 US states in which hundreds of stores are using the platform to make thousands of deliveries every day.

At a macro level, Buying.com is a hyperlocal micro-distribution network fulfilling last-mile delivery within 1-hour, and the $BUY token is used to facilitate transactions in this ecosystem that involves Manufacturers, Distributors, Delivery Companies, Distribution Centers, Consumers, and more.

Buying. com is rolling out in phases starting with a focus on Food Order Fulfillment. In this ecosystem, the Buying.com platform will be used by restaurants for internal orders, online purchases, and order fulfillment for orders placed through major applications such as Doordash, GrubHub, UberEats, Postmates, and more.

Later phases will expand upon this model with more upgrades and features including:

  1. Consumer Incentives: Consumers placing orders through the BUY app will receive tokens as Loyalty rewards. These tokens can be redeemed at participating retailers.
  2. Social Group Buying: Consumers willing to participate in Social Group Buying to receive economies of scale from manufacturers to meet Minimum Order Quantity(MOQ) needs. The BUY token will be used by such Buying Groups to purchase products.
  3. Distribution Facilities: Just like AirBnB, Buying.com enables any consumer or retailer with excess space to convert their garage area or storage facility into a Distribution Centre. Such facility owners would receive BUY tokens as payment for their services. Distribution Centers will need to stake tokens to take part in the network.
  4. Delivery Companies: Just like Uber, Buying.com enables any consumer or business to do deliveries as part of its Hyperlocal Microdistribution Network. Delivery operators will receive BUY tokens as payment for their services. Delivery Companies will need to stake tokens to participate in the network.
  5. Supply Chain Management: Retailers and Distributors can place orders through the Buying.com application. To participate, Distributors and Retailers will have to stake tokens. The Buying.com network’s smart contracts will also optimize order deliveries as part of reducing the Carbon Footprint (CF) of e-Commerce. Order optimization will involve encouraging Supply chain participants to enter Social Group Buying for MOQ and CF reasons. BUY Tokens will be used as incentives for participants to be active in group orders.

The four Pillars of the Buying.com Ecosystem:

1. Loyalty

The BUY token creates loyalty across its platform for everyone from businesses to individuals. Some aspects of Buying.com’s loyalty program for businesses include rewards for using Buying’s hyperlocal micro-distribution infrastructure. Businesses can also utilize the BUY token in order to offset fees owed to Buying.com for delivery fulfillment.

All order details are stored on the Buying.com blockchain and a final reward calculation is carried out at the end of the day based on the number of delivery orders placed. 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 in order to offset payments for deliveries.

The BUY token will be used as a Platform Loyalty Token for incentivizing merchants to participate in the program by placing delivery orders with buying.com .

2. Payments

Businesses encounter a challenging dilemma when it comes to embracing an array of payments. They are often forced to pay exorbitant fees to accept certain transaction types. This trickles down to the bottom line price for customers so these expensive payment fees affect consumers too. To avoid this, BUY presents an attractive alternate exchange of value for businesses and customers.

The use of the BUY token is an attractive option when it comes to:

  • Micropayments where the transfer of funds to/from fiat is prohibitively expensive
  • Transaction fees levied by banks and others make transferring funds to fiat incur at a minimum 2–3% if not more in transaction fees.
  • Discounts off of products and services

There are a wide range of ways for stakeholders to use BUY for payment. Those include:

  • Hyperlocal Delivery participants
  • Hyperlocal Storage participants
  • Retailers participating in the Buying.com marketplace
  • Consumers using the BUY App
  • Businesses using the Buying.com Hyperlocal Delivery or Storage services.

3. Staking

Participants wanting to perform the role of a Delivery Partner and Storage Partner (and possibly other roles in the future) will need to Stake Tokens. Staking involves the stakeholder purchasing a set amount of tokens, (e.g. 10,000 BUY tokens) and leaving that as a deposit in their wallet. This reduces the velocity and increases hold time of the token.

4. Governance

Buying.com is enabling stakeholders to participate in governance. These stakeholders may be token holders, delivery partners, storage partners, retailers and more. These stakeholders may collectively vote on decisions like rate of burning tokens, rewards % for consumers and so forth.

                                                         Meet the Buying.com Team

Buying.com Token Offering Details

                                                                        Tokenomics
                                                       Distribution and Vesting Schedule

Secure Launch Process

To ensure a smooth launch, Buying.com has agreed to:

1) Have their domain fully SSL certified one week prior to launch date.

2) Have their domain protected by Cloudflare and share proof with TrustSwap one week prior to launch date.

3) Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.

4) Add no less than $200,000 of ETH liquidity on Uniswap immediately upon listing.

5) Distribute tokens to launchpad participants within one hour of DEX/CEX listing using a token distributor like disperse or multisender.

6) Lock liquidity within 3 hours of listing for no less than 60 days at http://team.finance/.

7) Provide the timeline for token distributions, and distribute tokens within a one hour window of the agreed upon time.

8) Lock 75% or more of team & dev fund tokens for a minimum of thirty days on http://team.finance/ within 6 hours of funding liquidity on Uniswap.

9) Have at least one community moderator on each social platform (Discord, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch on Uniswap.

Participation and Allocation

Anyone, including those outside the TrustSwap ecosystem, are eligible to apply to participate in the $BUY token offering granted that individuals (and entities) meet jurisdictional restrictions. Take note that application does not guarantee an allocation and that the $BUY token uses the Algorand blockchain.

If the $BUY token offering becomes over-subscribed (due to pledges exceeding the $1.5M hard cap), priority will be given to the TrustSwap community based on total staked SWAP and SwapScore as follows:

Step-By-Step Guide

1. On July 14th, 2021 9:00 AM PST the application window will open and remain open for 24 hours. During this time, go to the TrustSwap Launchpad at https://dashboard.trustswap.org/app/launchpads to apply. Make sure you have an Algorand wallet. For example https://wallet.myalgo.com/.

2. Complete all of the steps listed, including uploading all of the necessary KYC documents.

3. The portal will close after 24 hours. Following its close, there will be a waiting period of up to 48 hours as the Buying.com team finalizes internal processes.

4. Upon the success of your application, you will receive an email confirming the maximum amount you are allowed to contribute to the token offering. Within 24 hours, you have the opportunity to send these funds in to get your $BUY tokens. However, after 24 hours hours, your position will be given to the next in line and you will lose it.

5. This offering is on Algorand blockchain and requires an Opt-In to receive the $BUY tokens, stay tuned for our manual!

What should I do to prepare for the token offering?

  1. Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens here before the deadline mentioned above.
  2. Take a photo of your government issued ID card (Passport, Drivers License, or any other form of government issued ID card that has your photo in it). (This is not required if you have an active registry with Sekuritance KYC.)
  3. Take a selfie of yourself holding the ID card along with a note that reads: “Buying.com 14th July 2021”. (This is not required if you have an active registry with Sekuritance KYC.)
  4. Create an Algorand wallet in case you don’t have one yet.
    For example: https://wallet.myalgo.com/
  5. Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
  6. Submit your details and documents at any point during the 24 hour window at https://launchpad.trustswap.org/.

Where Can I Learn More About Buying.com?

Website: https://www.buying.com

Telegram: https://t.me/buyingcom_official

Medium: https://medium.com/buying-com

Twitter: https://twitter.com/buying_com?lang=en

Who can participate in the Buying.com Token Sale?

Anyone not domiciled in the USA or UN sanctioned countries can participate in the Buying.com token sale.

*The eligible countries list is selected by Buying.com . If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.

** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. Buying.com is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.

 
 
 
 

Via this site

You may also like

Opulous, TrustSwap bring Music NFTs and DeFi loans

Opulous is set to collaborate with TrustSwap for their upcoming ASA $OPUL token offering on June 30th 2021 starting at 9:00 AM PST.

OPULOUS is the world’s first platform bringing Decentralized Finance to the music industry. The project will provide a launchpad for the first copyright-backed Music NFTs, as well as DeFi loans that would change the way artists access funding.

The platform will offer users the option of choosing Ethereum or Algorand as a blockchain for their tokens. In conjunction with Algorand, Opulous is building a bridge that will facilitate transfers between the two blockchains.

Meanwhile, partnerships and agreements are being established with major exchanges to support their multichain ETH/ASA $OPUL token. Users will be able to deposit ETH tokens, then withdraw ASA tokens, and vice versa.

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

The Opulous platform has three main functions:

  • NFT Launchpad
  • NFT Exchange
  • DeFi Loans

Opulous Music NFTs are a new form of Non-Fungible Token that entitles holders to a share of a song’s future royalty earnings, and other exclusive rewards, in exchange for social media support.

Opulous peer-to-peer DeFi loans cut out traditional banks, middle-men, and major labels, allowing artists to access up-front cash based on the predictable royalties they generate over 12 months.

The Opulous Ecosystem

NFT Launchpad

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous is the first platform to launch copyright-backed Music NFTs. Unlike other NFTs, Opulous tokens offer holders a share in the music’s future royalty earnings alongside exclusive rewards and fan experiences.

Whoever owns these groundbreaking NFTs will get paid every time the song is played on Spotify and other major music services. That also means their value can increase as an artist’s career progresses.

Fans and investors will not only receive royalty payments, but also be able to unlock other exclusive rewards such as backstage passes, gig tickets, and merchandise, simply by sharing the music on social media.

NFT owners can also track and withdraw their earnings directly from their Opulous account and trade their NFTs on the upcoming Opulous NFT Exchange.

NFT Exchange

The Opulous NFT Exchange creates a new sharing economy based on music where anyone can buy and trade copyright-backed Music NFTs to earn a share of the royalties generated.

For example, a music fan could find an underrated song they know is going to become more popular over time.

They can buy it as an Opulous NFT, support an upcoming artist right from the start of their career and earn ever-increasing rewards as the track becomes more valuable while gaining popularity.

DeFi Loans

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous offers low-risk DeFi loans backed by real-world music assets and future royalties.

Despite earning a stable royalty income, too many artists are turned away by traditional banks or forced into unfair deals with major labels.

By evaluating an artist’s royalty reports from previous years, Opulous can accurately predict how much money the artist will generate over the next 12 months and offer this amount as a loan.

On the other side, investors can stake their crypto assets on the platform to generate high returns. Unlike most DeFi platforms, Opulous loans are always backed by predictable music assets vetted by the expert team, which greatly reduces risk on investment. In order to avoid loan defaults, Opulous will hold the copyrights used as collateral until the full amount is paid back.

Token Economy

Transactions within Opulous will use the platform’s native $OPUL token, which has a fixed supply and can be purchased through multiple decentralized and centralized exchanges. Users will also be able to purchase NFTs directly using credit or debit cards.

Users can stake $OPUL tokens in high-interest lending pools. Token holders will also receive special discounts on certain transactions as well as exclusive access to NFT drops from major artists.

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous Team and Advisors

Opulous has attracted a senior team and board of expert advisors from across the music and crypto worlds.

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous(OPUL) Token Offering Details

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

$OPUL – Secure Launch Process

To guarantee a smooth and secure launch, Opulous has agreed to:

  1. Have their domain fully SSL certified one week prior to the presale date.
  2. Have their domain protected by Cloudflare and share proof with TrustSwap one week prior to the presale date.
  3. Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
  4. Add no less than $200,000 liquidity on DEX immediately upon listing.
  5. Distribute tokens to launchpad participants within one hour of DEX listing using multisend.io.
  6. Lock liquidity within 3 hours of listing for no less than 60 days at http://team.finance/.
  7. Provide the timeline for token distributions, and distribute tokens within a one hour window of the agreed upon time.
  8. Have at least one community moderator on each social platform (Discord, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch on DEX.

OPUL tokens – Participation and Allocation 

Anyone can apply to participate in the $OPUL token offering as long as they’re eligible in their given territory, including those outside the TrustSwap ecosystem. However, application does not guarantee an allocation.

If the $OPUL token offering is over-subscribed priority will be given to the TrustSwap community as follows:

  • Anyone with over 4,000 SWAP staked or a SwapScore over 2500 when the launch begins (Snapshot is at 9 AM PST on June 30th, 2021) will be given a guaranteed allocation based on the tiers in the table below.
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Step-By-Step Guide

1. Between 9 am PST of June 30th, 2021 and 9 am PST of July 1st, go to https://dashboard.trustswap.org/app/launchpads

2. Complete the necessary steps and verify your identity.

3. The portal will close once 24 hours have elapsed. There will be a waiting period of up to 48 hours as the Opulous team finalizes internal processes.

4. If your application is successful, you will receive an email indicating how much you are able to contribute to the token offering. You will have 24 hours to send the funds or your position will be given to the others.

What Should I Do to Prepare for the Opulous ($OPUL) token Offering?

Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens here before the deadline mentioned above.

Take a photo of your government issued ID card (Passport, Drivers License, or any other form of government issued ID card that has your photo in it).

Take a selfie of yourself holding the ID card along with a note that reads: “Opulous 30th June 2021”.

Submit your details and documents at any point during the 24 hours window at https://launchpad.trustswap.org/.

Where Can I Learn More About Opulous (OPUL)?

Website: https://opulous.org/

Medium: https://opulous.medium.com/

Telegram : https://t.me/opulousapp

Twitter: https://twitter.com/opulousapp

Reddit: https://reddit.com/r/opulous

Who Can Participate in Opulous token sale?

Anyone not domiciled in the USA or UN sanctioned countries can participate in the Opulous token sale.

*The eligible countries list is selected by Opulous . If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.

** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. Opulous is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.

Via this site

Trustswap SaveTheWorld

TrustSwap and SaveTheWorld Partner to boost Donations for Eden Reforestation Project

Cryptocurrencies are often blamed for significant environmental damage, no matter the progress already being made in that sphere. Making the world a greener place hasn’t been a once-in-a-while shot for TrustSwap but rather a continuous, evergreen effort. Our partnership with the Eden Reforestation Project has been one of the ways to support this cause.

Eden Reforestation Projects is a 501(c)3 non-profit organization that began operations in 2005 with a simple mission: Plant Trees. Save Lives.

Eden has developed an efficient model for reforestation with nurseries set up in Madagascar, Haiti, Nepal, Indonesia, Mozambique, Kenya, Nicaragua, and Honduras and planted more than 500 million trees across its project nations with approximately 20 million trees added each month!

They achieve this by using the contributions received to open nurseries in deforested regions and pay impoverished communities a living wage to plant seedlings of native trees and nurse them to maturity (~10 years). This synergistic cycle helps nurture and revive both the forests and the communities that depend on them.

Today we are delighted to announce a new level of support for Eden. Every month, the SaveTheWorld project will host a charity livestream for Eden and donate BNB on behalf of TrustSwap to the Eden Reforestation Project. With a cost of only ten cents per tree, we are assuring an on-going endeavor to continually plant trees and raise them to full maturity while also employing people in developing areas. The deal is being inked for the next twelve months and we can’t wait to report the number of trees planted by this time next year!

Click here to watch Jeff’s interview with the SaveTheWorld team and the first donation of 6 BNB

SaveTheWorld ($SAVE) is a hyper-deflationary charity token that allows for frictionless rewards while taxing and generating fees per transaction. For each transaction, a 10% tax is charged. 2% will be distributed amongst SaveTheWorld token holders providing frictionless yield rewards and the remaining 8% goes to liquidity.

50% of liquidity generated will be removed each day with 100% of the $BNB going to charity and 100% of the $SAVE tokens burned forever. SaveTheWorld is using a Gnosis Multi-Signature Wallet to handle the donations in a transparent way.

Please read more about Eden Reforestation Project and learn how you can get involved or donate directly at: https://edenprojects.org/.

To know more about the SaveTheWorld charity initiative powered by the $SAVE token, visit savetheworld.health.

Via this site