Buying.com develops BUY token on Algorand platform

A leading on-demand delivery platform, Buying.com is used by major online food delivery apps like UberEats, GrubHub, DoorDash, and Slice.


Beginning Q2 of 2021, Buying.com expects to begin using its BUY token, developed on the Algorand blockchain, in a loyalty or rewards platform for its customers.



Buying.com CEO Jean Gabriel stated, "We chose Algorand for the foundation of our token given the fact that it has low transaction costs, and has extremely high transaction speeds. Our rewards program is to recognize the loyalty of our participating restaurants, and the Algorand technology was a natural fit for creating our utility token."


The BUY token was developed by NetObjex, recently chosen by Algorand as one of eleven start-ups in its European Accelerator Program. Read more on Buying.com.



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