eBUY Coin is a company, which has been accompanied from the very beginning by its proprietary business plan, specific values such as innovation, competitiveness and consistency, and goals focused around creating a sales platform that offers high-quality products and services at the best prices, as well as creating a global community that identifies with principles of fair competition, loyalty, innovation and a passion for the latest technologies.
The world of online sellers has been facing the problem of high fees for years regardless of whether the product or service will be sold. In addition, promotional price drops accompanying specific periods such as Christmas, Easter or Black Friday are artificial and caused by deliberate increases in product prices in the periods preceding the promotional season. Prices in individual online stores are identical or very similar. The so-called bargain hunters, i.e. customers with the highest degree of consumer awareness and having the highest expectations, are neglected and forced to spend many hours searching for the most favorable offers.
In addition, a certain group of consumers cannot purchase products of the highest quality and popularity because the prices of products increase proportionally to the interest shown, despite the fact that =costs of sellers are decreasing. Another important aspect is the lack of user gratification for recommending the most important auction sites to friends. As eBUY Partners, we believe that any successful business that improves company recognition should be rewarded.
The goal of the eBUY Coin undertaking is to create the world’s first unique and innovative sales platform based on our proprietary vision of reverse auctions.
eBUY Coin solution will allow free listing of an unlimited number of products with no commission on sales related to the sale of products and services. In addition, reverse auction system is the first system in history to allow fair competition between potential customers in the game, which aims to buy the product at the lowest possible price. Our solution does not impose a minimum price, minimum or maximum time to display the product. The user may at any time buy a product or service. In addition, we provide our users with a gratification based on an affiliate program that rewards our partners for successfully recommending our auction site.
Architecture of the project
The network the eBUY Coin token will run is one of the most stable and developed of its kind in the world. The algorithms implemented in the eBuy architecture will be programmed in Solidity (Ethereum programming language), compatible with the Virtual Ethereum Machine. The blockchain Ethereum specifications prove its high performance and design to minimize overload problems, allowing maximum scalability with minimal use of resources.
eBUY Coin consider Solidity language flexibility to be an important distinguishing feature of the language in terms of efficiency in management of records in the decentralised book of accounts. This feature enables us to run advanced functions to be encoded in system, adapting to it, taking into account differences in regulations and changes depending on the stakeholder requirement.
The method the platform generates income
The platform earns money from the very beginning by charging a commission on the price of the item at an amount depending on the product price, up to a maximum of 5%. This is primarily to protect in case someone should use the BUY NOW function at the very beginning.
After the first price check by the customer, a certain amount of ducats [DKT] will be issued, of which 50% value is used to cover the difference in the auction price, 25% is credited to the eBUY Coin platform and 25% is credited to the affiliate programme.
Advantages of eBUY Coin
Control and convenience
The incentive mechanism which forms the backbone of the eBUY Coin platform is the possibility to purchase a product or service for an amount equal to the starting auction price or for a much lower price which meets the customer’s criteria. The customer, using ducats, checks the auction price at any time, verifying whether it is the price he will decide to buy goods at. Not by deciding to buy, but by “paying” for checking the price, the customer reduces the price of the item displayed by a definite value in dollars or cents.
Another important point is user safety. By using the decentralised platform in the eBUY Partners system, we minimise the risk of a cyberattack, all user accounts are independent of each other, making it virtually impossible for a data breach to occur during the process. The history of data collected in the structure is recorded inside a chain of blocks (blockchain), a new, revolutionary technology which makes it impossible to falsify or delete any information contained.
The eBUY Partners platform brings tangible benefits not only to buyers but also to sellers. A seller who decides to sell his products and services to eBUY Coin shall not pay any fees (as explained below).
In addition to shopping at attractive prices, eBUY Partners is primarily intended to provide its customers with positive emotions, the opportunity to compete with other users, giving them an adrenaline boost and the satisfaction of taking advantage of unique opportunities.
eBUY Coin (token used on our platform) introduces an absolutely new philosophy in the context of virtual currencies, as one of few cryptocurrency projects, offers a real and pioneering application. The real use of this virtual currency in the auction portal may prove to be the most important step towards the introduction of completely independent money into everyday use since the Bitcoin origination.
This article is writing on 10 June 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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