Topic: 🔥 [ANN][ICO][LIVE] Buying.com - E-commerce Reinvented 🔥 - page 3. (Read 18183 times)

thnx for the reply . regarding mass adoption will you consider incentives like a bounty program or referal program for downloading the app in future

(c) 7.5% (or 37.5 million) will be used to promote adoption of the Ecosystem via rewards and other incentives for participants (the “Incentivization Supply”). Some of the
ways in which Company anticipates using the Incentivization Supply may include:
(i) Early adopters in the form of strategic partners or acquisitions (Manufacturers, Consumers, Logistics Companies (“Partners”) who implement Company’s Decentralized E-Commerce solution will receive free Tokens from the Incentivization Supply, enabling them to pay some fees in Tokens and to benefit from any rise in utility brought about by greater adoption of the Ecosystem.)
(ii) Users may also receive Tokens from the Incentivization Supply. For example, at sign up via a Company supported website, the website owner, a Partner, and new Users
may receive a certain number of Tokens, and Users may also receive Tokens for referring new participants to the Ecosystem.
(iii) Company reserves the right to prescribe lockup requirements regarding the Incentivization Supply Tokens distributed to Partners or Users.

Yes, you are right. Though, crypto payment option isn't the only thing that is different from Amazon.

Right now, by the end of sept 30th you will see the buying.com iOS and Android app MVP. The deadline for the app is for Q4 2018.

In the next days, the first portion of the yellowpaper will be released as well presenting the protocol and its "capabilities".

thank you the image is clear now, iam awaiting to read more about the project . good luck

Yes, you are right. Though, crypto payment option isn't the only thing that is different from Amazon.

Right now, by the end of sept 30th you will see the buying.com iOS and Android app MVP. The deadline for the app is for Q4 2018.

In the next days, the first portion of the yellowpaper will be released as well presenting the protocol and its "capabilities".

Sure, if that was the most important piece of info in my post.

This type of project needs venture funding, not public funding. You've ultimately diminished any prospects of this platform's vision coming to fruition by using Bitcointalk, and having that association with your project. As i said before, shortsightedness and greed.

Crypto is a gimmick to acquire funding quickly, with no loss of equity and minimal risk to credit. Projects like this, seeking to enter fundamental spaces in the real-world, will always fail in the current climate and time.

Thank you for your insightful post. Let us try and address the points raised.

1. On venture funding - yes we are pursuing that angle and you are right, we too believe institutional funding is important for our project. BitCoinTalk is simply being the vehicle to introduce this project to the crypto community at large, and one of several avenues to increase awareness of our platform.

2. In terms of acquisition costs and business model - the team behind this business has built 33 successful e-Commerce businesses with 9 digit exits multiple times so we don't come from a place of ignorance or shortsightedness, rather experience and a long term vision and plan. Many businesses use methods to entice customers to try their service e.g. NetFlix - 1st month free, etc. So, our enticement is the same vein. We have other benefits built into the system to help customer retention beyond the acquisition phase for long term engagement.

3. In terms of grammar, we welcome your critique and if there are areas where it could be improved, kindly contact our team and we are more than happy to address it. However, do note that your very first sentence in your critique has a grammatical error, "ICOs", not "ICO's" - the latter is a possessive. So, prior to criticizing others kindly check your own grammar. Like i said, we are open to input and will refine the paper if need be.

Thank you again for your feedback.

Sure, if that was the most important piece of info in my post.

This type of project needs venture funding, not public funding. You've ultimately diminished any prospects of this platform's vision coming to fruition by using Bitcointalk, and having that association with your project. As i said before, shortsightedness and greed.

Crypto is a gimmick to acquire funding quickly, with no loss of equity and minimal risk to credit. Projects like this, seeking to enter fundamental spaces in the real-world, will always fail in the current climate and time.

is that means like amazon but with enabled crypto payment options as i got or iam wrong?
when tha app will be ready to test?

More useless ICO's. This has no chance in competing or acquiring market share in the e-commerce space.

Any company that sees blockchain a threat to their e-commerce business, will do it themselves and with greater efficiency. You'd need hundreds of millions in funding to do this successfully, and even then, i wouldn't trust any ICO doing this that has to rely on BTT forums for crowdfunding their platform.

Pure ignorance and shortsightedness. There's no mention of any specifics, and the single most important question in e-commerce space, customer acquisition cost, in which they spent 1 paragraph explaining. They basically valued the cost of a customer acquisition, to $10 USD. 10 USD is not going to convert an amazon or ebay customer to Buying.com.

"The purpose of these BUY Credits is to enable consumers to try
the Network risk free. It is the Customer Acquisition cost for the Buying.com
network and new Customers will be offered the equivalent of US$10 in BUY
Credits"

The entire whitepaper is very revealing with elementary school grammar and sentence structures; written by an amateur.


My Consensus: A worthless ICO, may bring you a return on an exchange if you short-sell quickly, but do not hold long term. Ask yourself this single question before investing, would you use Buying.com to purchase?

Regarding this, BTT forums are just a small part of the whole campaign. It's the biggest and most active crypto forum so everything that belongs to crypto, should be here as well in my opinion.

i wouldn't trust any ICO doing this that has to rely on BTT forums for crowdfunding their platform.

My Consensus: A worthless ICO, may bring you a return on an exchange if you short-sell quickly, but do not hold long term. Ask yourself this single question before investing, would you use Buying.com to purchase?

Your partners are very popular among the lower middle class, which I ask,
Is the app already on the PlayStore and is it operating now?