Buying becomes the first native algorand token to trade on gate.io
Introduction to Buying.com
Buying.com caters to businesses looking to upload products to its native platform and offer 1-hour delivery. The Buying.com delivery infrastructure is currently available in 22 US states in which hundreds of retail outlets 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 eco 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 eco, the Buying.com platform will be used by restaurants for internal orders, online orders, and order fulfillment for orders placed through major apps such as Doordash, GrubHub, UberEats, Postmates, and more.Later phases will expand upon this model with more upgrades and features.
(The information below is provided by the Buying.com(BUY) team. Please follow Buying.com(BUY) for more information）
Token name: Buying.com
Token symbol: BUY
Max Supply: 1,000,000,000
Token Type: Algorand(ASA)
Token distribution ratio and unlocking rules:
Legal: 1% Released only when necessary.
Strategic Acquisitions: 5% Released only when necessary.
Research&Development: 17% 6 month lock with 5% released monthly thereafter
Marketing: 6% 2 month lock with 5% released monthly thereafter.
Liquidity: 5% Released only when necessary.
Eco: 21% locked for 6 months, released weekly
Admin: 5% locked for 6 months, released weekly
Advisor/Partner: 7% 2 months cliff with 10% release, locked for 6months and weekly released for 2 months
IDO partner: 5%, 1 month cliff followed by 1 month vesting.
Seed: 17.5% 8% at TGE, rest released after a 6month cliff
Private: 4.5% 12% at TGE followed by a 6 month release
Public: 6% 20% at TGE, rest released weekly for 4 months
WhitePaper ： https://www.buying.com/catalog/view/theme/journal2/assets/document/Buying.com_Whitepaper_v5.pdf
Buying.com Startup Sale Rules
(1) Duration: 03:00am 20th July, 2021 - 03:00am 21st July, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2)Trading pairs: BUY/USDT, BUY/ETH, BUY/BTC
(3) Price: 0 USDT(Public price:$0.025)
(4)Startup Supply : 2,000,000 BUY
(5) Users purchase using USDT.
(6) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each KYC account.
(7) Purchase limit: The maximum sub-scrip-tion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum sub-scrip-tion allocation is:the maximum number of sub-scrip-tions (not the final actual subion number) = the square of the VIP level multiplied by 10. For example:VIP2 users can subscribe up to 2 * 2 * 10 = 40 sharesVIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(8) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(9) We will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total. The final result will be announced at 04:00am July 21st , 2021(UTC).
Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs participated in the Buying.com (BUY)nvestment.
(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.
For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.
(2) Risk Warning:
- The project team does not guarantee that token price will not be lower than its startup sale price. Please invest with caution, and don't invest beyond your financial capacity.
- The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
- Advanced technical and financial knowledge is required to understand, and e valuate the inherent risks of crypto-asset investment.
- The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
- Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.
(3) Requirements for participants
- The participant should register on Gate.io and Log in;
- After logging in, complete user identity verification;
- Deposit a certain amount of cryptocurrencies in your gate.io account;
- Sign the Purchase Agreement on Startup before placing orders.
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July 18, 2021
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