Buying.com is the first e-commerce protocol that allows consumers to buy direct from manufacturers wholesalers and distributors. It’s the next generation Decentralized E-Commerce Platform that harnesses the power of distributed ledger technology along with innovations in Bulk Pricing, Real-time Logistics, E-Commerce and Cryptocurrency.
The current retail system’s PROBLEM
For instance, pretend you want to purchase a loveseat at Kohls for $875. Most buyers in the market would purchase that specific loveseat, but the price is a bit out of their budget. However, the loveseat can become cheaper if you can meet the MOQ, or the minimum number of products that need to be ordered to achieve bulk pricing.
In the current retail system, many consumers are unable to buy directly from manufacturers, wholesalers, liquidators, or distributors because of what is called the Minimum Order Quantities (MOQ).
For this particular loveseat, the MOQ is 50 units. Let’s face it: you probably don’t want to purchase 50 loveseats unless you’re a furniture tycoon. In the current system, since you can’t buy 50 units, then you are unable to achieve bulk pricing.
In reality, the couple does not need 50 love seats. NOW for the first time in history, each person will have the buying power of millions in the palm of their hand. The power of the blockchain combined with Buying.com’s Tipping Point Technology will directly connect consumers with manufacturers for the first time in history. Consumers will be able to achieve bulk pricing alongside businesses by using our platform.
A promotion can be placed directly on the Dropshippers.com platform by the manufacturer. Once on the platform, businesses will be given first access to bulk pricing deals. If the MOQ quantity remains unmet, then consumers will be granted access to the promotion. This will be done using Smart Contracts along with Buying.com’s Tipping Point Technology.
Once a deal is placed on Buying.com, and the MOQ is met, our smart contract solution triggers the order from the manufacturer, sending it to our warehouses. The products are individually dropshipped to each customer with the same ease-of-use that they would gather ordering from any store online.
The exception is that they are benefitting from the MOQ pricing. Buying.com’s native coin, the BUY token, will be the currency for all payments within the ecosystem alongside more traditional forms of payment. Utilizing the BUY token, customers will realize further discounts and also not have to deal with conversion issues.