For those new members as reference, [ANN] stands for Announcement and [ICO] stands for Initial Coin Offering. ICO is one the method to raise capital if you have a business idea where most people in the whole world can invest using cryptocurrency. Crptocurrencies are money in the internet which you exchange in real money like US dollars. But most initial coin offerings are scam.
What is Buying.com, Why I invest in their initial Coin Offering, and Where their office located?
I invest in Buying.com initial coin offering because among the thousands of initial coin offerings listed in www.icoalert.com, this company is developing a way to let customers buy directly to manufacturers, thus, price will greatly reduce unlike other common ICO which ordinary person will not benefit and the only primarily focus is making the price of their cryptocurrency (coin/token) expensive by listing in different cryptocurrency exchange then manipulate it so called pump and dump scheme instead of building a great product and service. You may argue that, sooner or later another ICO will offer the same business proposal. Yes, it will surely happen and if that's happen, it will have a positive result because there will be a competition and all of them must innovate to survive. That's why, a good business team is a must. Buying.com has that kind of team. You can research each of them one by one to verify. I will not discuss here the technicalities of their e-commerce protocol instead read their 46 pages white paper - https://www.buying.com/assets/documents/BuyingComWhitePaperLatest.pdf and 33 pages yellow paper - https://www.buying.com/assets/documents/buying_com_yellow_paper.pdf. Their business address is located at 205 West Main Street, Newcastle, WY 82701 - https://www.buying.com/assets/documents/BuyingCom-RegD-SubscriptionAgreement-Tier1.pdf. If anyone of you lives nearby at that place, visit them and take a photo to verify if they're telling the truth then come back here for me to acknowledge you.
How much did I invest in Buying.com and When the Initial Coin Offering will end?
First, I bought 2 tokens from them worth 0.09 USD each, total of 0.15 USD using bitcoins just to try if the money I deposited will reflect to my account balance. Then I bought again 98 tokens worth 0.09 USD each, total of 7.35 USD using again bitcoins. I have now 100 tokens worth 7.50 USD investment. Their ICO will end on Crowdsale 2 which still to be announced at a token price of 0.12 USD each. The current price of their token as of this writing is 0.09 USD each, Pre Sale Tier 2 that will end on November 30, 2018.
Now that I already finished tackling the what, when, why, where, and how questions regarding the Initial Coin Offering of Buying.com announcement and also finish giving you the pros of investing in Buying.com ICO base on my experience, I will now share to you what are the main reasons WHY DON'T INVEST IN BUYING.COM? (General Risks Associated with Ownership of BUY Tokens ) which most of you will agree. Actually, I derive these from their Token Sale Agreement, total of 85 pages - https://www.buying.com/assets/documents/BuyingCom-RegD-SubscriptionAgreement-Tier1.pdf and https://www.buying.com/assets/documents/BuyingCom-RegS-SubscriptionAgreement-Tier1.pdf. Each of the main points below has underlying explanation that can be found in their Token Sale Agreement. Note that I didn't included the other risks factors about Risks associated with the BUY Tokens and the Company's Proposed Ecosystem, Risks related to blockchain technologies and digital assets, Specific Investment Risks Related to E-commerce, and Other Financial Risks.
1. The Company may not successfully develop, market and launch its intended Ecosystem
2. The Company may be forced to cease operations or take actions that result in a dissolution event.
3. The Company may be forced to cease operations or take actions that result in a dissolution event
4. The tax treatment of BUY Tokens and their distribution is uncertain and there may be adverse tax consequences for purchasers and others upon certain future events.
5. Defects or disruptions in the Company's services could diminish demand for its services and subject it to substantial liability.
6. Privacy concerns and laws such as the European Union's General Data Protection Regulation, evolving regulation of cloud computing, cross-border data transfer restrictions and other domestic or foreign regulations may limit the use and adoption of the Company's services and adversely affect its business.
7. Industry-specific regulation and other requirements and standards are evolving, and unfavorable industry-specific laws, regulations, interpretive positions or standards could harm the Company's business.
8. If the Company is unable to scale its operations and increase productivity, the Company may not be able to successfully implement its business plan.
9. The Company's ability to deliver its services is dependent on the development and maintenance of the infrastructure of the Internet by third parties.
10. The Company's operating results are likely to fluctuate.
11. The Company may in the future be sued by third parties for various claims including alleged infringement of proprietary rights.
12. Any failure to protect the Company's intellectual property rights could impair its ability to protect our proprietary technology and brand, cause significant expenses and harm the Company's business.
13. The Company may lose key members of the Company's management team or development and operations personnel and may be unable to attract and retain employees needed to support the growth of the Ecosystem.
14. Any failure in the Company's delivery of high-quality technical support services may adversely affect its relationships with customers and financial results.
15. Natural disasters and other events beyond the Company's control could materially adversely affect it.
Now that you know what are the pros and cons in investing in Buying.com Initial Coin Offering, the decision is up to you to participate or not. If you are still interested to join, you can register directly to the site https://www.buying.com/ or use my referral link vault.buying.com/auth/register?invite=13438fc9-43a5-4009-b21a-11a439bad137
What is Buying.com, Why I invest in their initial Coin Offering, and Where their office located?
I invest in Buying.com initial coin offering because among the thousands of initial coin offerings listed in www.icoalert.com, this company is developing a way to let customers buy directly to manufacturers, thus, price will greatly reduce unlike other common ICO which ordinary person will not benefit and the only primarily focus is making the price of their cryptocurrency (coin/token) expensive by listing in different cryptocurrency exchange then manipulate it so called pump and dump scheme instead of building a great product and service. You may argue that, sooner or later another ICO will offer the same business proposal. Yes, it will surely happen and if that's happen, it will have a positive result because there will be a competition and all of them must innovate to survive. That's why, a good business team is a must. Buying.com has that kind of team. You can research each of them one by one to verify. I will not discuss here the technicalities of their e-commerce protocol instead read their 46 pages white paper - https://www.buying.com/assets/documents/BuyingComWhitePaperLatest.pdf and 33 pages yellow paper - https://www.buying.com/assets/documents/buying_com_yellow_paper.pdf. Their business address is located at 205 West Main Street, Newcastle, WY 82701 - https://www.buying.com/assets/documents/BuyingCom-RegD-SubscriptionAgreement-Tier1.pdf. If anyone of you lives nearby at that place, visit them and take a photo to verify if they're telling the truth then come back here for me to acknowledge you.
How much did I invest in Buying.com and When the Initial Coin Offering will end?
First, I bought 2 tokens from them worth 0.09 USD each, total of 0.15 USD using bitcoins just to try if the money I deposited will reflect to my account balance. Then I bought again 98 tokens worth 0.09 USD each, total of 7.35 USD using again bitcoins. I have now 100 tokens worth 7.50 USD investment. Their ICO will end on Crowdsale 2 which still to be announced at a token price of 0.12 USD each. The current price of their token as of this writing is 0.09 USD each, Pre Sale Tier 2 that will end on November 30, 2018.
Now that I already finished tackling the what, when, why, where, and how questions regarding the Initial Coin Offering of Buying.com announcement and also finish giving you the pros of investing in Buying.com ICO base on my experience, I will now share to you what are the main reasons WHY DON'T INVEST IN BUYING.COM? (General Risks Associated with Ownership of BUY Tokens ) which most of you will agree. Actually, I derive these from their Token Sale Agreement, total of 85 pages - https://www.buying.com/assets/documents/BuyingCom-RegD-SubscriptionAgreement-Tier1.pdf and https://www.buying.com/assets/documents/BuyingCom-RegS-SubscriptionAgreement-Tier1.pdf. Each of the main points below has underlying explanation that can be found in their Token Sale Agreement. Note that I didn't included the other risks factors about Risks associated with the BUY Tokens and the Company's Proposed Ecosystem, Risks related to blockchain technologies and digital assets, Specific Investment Risks Related to E-commerce, and Other Financial Risks.
1. The Company may not successfully develop, market and launch its intended Ecosystem
2. The Company may be forced to cease operations or take actions that result in a dissolution event.
3. The Company may be forced to cease operations or take actions that result in a dissolution event
4. The tax treatment of BUY Tokens and their distribution is uncertain and there may be adverse tax consequences for purchasers and others upon certain future events.
5. Defects or disruptions in the Company's services could diminish demand for its services and subject it to substantial liability.
6. Privacy concerns and laws such as the European Union's General Data Protection Regulation, evolving regulation of cloud computing, cross-border data transfer restrictions and other domestic or foreign regulations may limit the use and adoption of the Company's services and adversely affect its business.
7. Industry-specific regulation and other requirements and standards are evolving, and unfavorable industry-specific laws, regulations, interpretive positions or standards could harm the Company's business.
8. If the Company is unable to scale its operations and increase productivity, the Company may not be able to successfully implement its business plan.
9. The Company's ability to deliver its services is dependent on the development and maintenance of the infrastructure of the Internet by third parties.
10. The Company's operating results are likely to fluctuate.
11. The Company may in the future be sued by third parties for various claims including alleged infringement of proprietary rights.
12. Any failure to protect the Company's intellectual property rights could impair its ability to protect our proprietary technology and brand, cause significant expenses and harm the Company's business.
13. The Company may lose key members of the Company's management team or development and operations personnel and may be unable to attract and retain employees needed to support the growth of the Ecosystem.
14. Any failure in the Company's delivery of high-quality technical support services may adversely affect its relationships with customers and financial results.
15. Natural disasters and other events beyond the Company's control could materially adversely affect it.
Now that you know what are the pros and cons in investing in Buying.com Initial Coin Offering, the decision is up to you to participate or not. If you are still interested to join, you can register directly to the site https://www.buying.com/ or use my referral link vault.buying.com/auth/register?invite=13438fc9-43a5-4009-b21a-11a439bad137
