digibuy is a Web3 e-commerce platform that combines shopping, entertainment, and rewards into a community-driven experience. Powered by Matchain, it uses blockchain technology to enhance transaction security and convenience.^[1][2][3]

Overview

Founded in 2023, Digibuy is a Web3 e-commerce platform that aims to enhance digital shopping with secure, flexible payment options. It features a loyalty program that rewards customers with BAC token cashbacks and points, aiming to increase engagement and loyalty. Utilizing the Cosmos network and Matchain Layer 1 protocol, digibuy supports fast, scalable transactions while providing full data and identity control.

The platform's economic model is designed to benefit all participants: customers earn points as cashback, convertible into credits for staking in mining power to generate BAC tokens, and merchants can accept BAC and use the coupon system to engage with a crypto-savvy audience.

Developed by the Singapore Blockchain Technology Foundation (SBS) Alliance Foundation LTD, digibuy is the first Web3 consumer alliance platform. It aims to modernize sales and consumption models by leveraging Web3 technology and multi-chain integration.^[2][3]

Products

digiAI

digibuy aims to enhance user experience and streamline operations through AI integration. The platform is developing an AI-based loyalty program to offer personalized rewards based on user behavior, aiming to boost engagement and retention. It plans to implement AI-enhanced search to deliver accurate results and improve customer satisfaction.

AI models utilize user data, with MATCH DID ensuring user data is protected and under their control, to offer personalized shopping and recommendations. An AI chatbot will provide 24/7 customer support, improving responses through machine learning. AI-driven dynamic pricing will adjust prices based on demand and trends, aiming to maximize revenue. Personalized marketing campaigns will target users more effectively, and AI-powered virtual try-on features using augmented reality aim to create immersive shopping experiences.^[4]

Gamified Rewards System

digibuy's incentive program aims to enhance user engagement and loyalty. Users accumulate rewards through various activities within the platform, including making purchases, referring friends, and participating in community groups. These rewards can be leveraged for additional earning opportunities or converted into fiat currency for future purchases.

Tokenomics

Business-Alliance-Coin ($BAC)

The BAC token is fundamental to digibuy's ecosystem, leveraging Web3 technology for efficient transactions and strong security with Proof-of-Stake consensus and Ethereum Virtual Machine integration. It functions as a currency and plays a central role in digibuy's community-oriented platform, supporting transactions, a dynamic rewards system, and encouraging user engagement. Integrated into digibuy’s super app framework, BAC aims to enhance user experiences, ensure data security, and promote sustainable growth by incentivizing active participation.^[5]

Technology

The BAC token operates on Match Chain, leveraging OP Stack technology for efficient transactions and robust security. Integrated with BNB Chain, it aims to provide a secure environment with minimal transaction costs. BAC supports Ethereum Virtual Machine (EVM) compatibility, aiming to facilitate the deployment of smart contracts and dApps from Ethereum and other EVM-compatible chains.

Powered by Proof of Stake (PoS) consensus, BAC aims to enhance network efficiency and security through trusted validators. Security measures include a proactive approach to vulnerability disclosure and a robust bug bounty program to safeguard network integrity. These features support various applications and secure transactions within digibuy's ecosystem.^[6][7][8]

Allocation

The allocation strategy of the BAC token aims to support community engagement and ensure sustainable growth within digibuy's ecosystem. With a total issuance of 31.29 million BAC tokens, the distribution is structured as follows:

• Project Fund: Approximately 3.129 million BAC (10%)
• System Fund: Approximately 0.626 million BAC (2%)
• Marketing and Operations Fund: Approximately 1.252 million BAC (4%)
• Listing and Management Fund: Approximately 0.626 million BAC (2%)
• Project Financing Fund: Approximately 3.129 million BAC (10%)
• Technical Development Fund: Approximately 0.626 million BAC (2%)
• Mining: Approximately 21.9 million BAC (70%)

This structured distribution aims to allocate resources effectively across essential areas such as project development, operational support, and initiatives focused on enhancing network capabilities. It reflects a commitment to fostering a balanced and sustainable digital ecosystem within digibuy.^[9]

Utility

The BAC Token serves as a versatile utility within the digibuy community, designed to support various economic and social functions across the ecosystem. It facilitates transactions, incentivizes engagement, and enables governance participation.
Use Cases

• Shopping: BAC Tokens are intended to be used globally for purchases and asset acquisition within digibuy, aiming to function effectively as a currency for consumption.
• Incentives and Rewards: The token system offers tangible rewards and incentives to foster ongoing community participation without overly complex reward systems.
• Ecosystem & DAO Engagement: BAC Tokens provide access to services, applications, and opportunities within digibuy's ecosystem, aiming to facilitate participation in DAO governance.
• GameFi: Users can participate in digiverse and other games using BAC Tokens, aiming to earn rewards and promote competitive gameplay.
• Trading and Liquidity: Designed with ease of trading in mind, BAC Tokens are exchangeable for fiat currencies, USDT, and other cryptocurrencies on various blockchain exchanges.
• On-Chain Socializing: BAC Tokens facilitate secure on-chain interactions to foster digital community building and member connections.
• Chain Alliance Integration: By transacting with BAC Tokens, users can potentially achieve "Chain Alliance Merchant" status, aimed at unlocking business opportunities within the ecosystem.
• Equity Exchange: Holders have the option to exchange BAC Tokens for shares in platform-listed companies, aiming to bridge the gap between cryptocurrency and traditional equity markets.
• Participation in Events: BAC Tokens aim to facilitate community engagement through participation in events and games, enhancing social bonds among members.

Through these various utilities, the BAC Token aims to enhance user interaction, promote economic activities, and contribute to the dynamic development of digibuy's digital ecosystem.^[10]