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Bistroo is a Netherlands-based company that has designed a platform for food merchants and launched its BIST token in 2020. The stated goal of the company is to create an open peer-to-peer marketplace for goods, services, value, and information to be transferred among stakeholders.
Consumers can acquire goods and services through the peer-to-peer marketplace. They can make a profile that contains information pertaining to using the marketplace, such as address for deliveries, allergies or health issues, and preferential settings regarding diet, such as being vegan or eating shellfish. A personal timeline is created for the consumer, which gives them suggestions and promotions based on the preferences on their profile.Consumers can pay for goods and services with fiat currencies such as the Dollar or Euro as well as the BIST token.
Restaurants, delivery services, and supply chain merchants can also utilize Bistroo. Merchants can upload discounts, campaigns, products, and services on the Bistroo network. They can also use the Bistroo app to track deliveries and view and respond to consumer reviews. The platform's advertising system gives merchants the opportunity to promote their business.
Bistroo had its token (BIST) sale in 2020, and the BIST token and community have been live since 2021. Consumers and merchants both get benefits for using the BIST token instead of a fiat currency. Consumers receive 2 percent cash-back when paying with BIST, and they earn BIST by leaving reviews, referring friends to Bistroo, and introducing restaurants to the platform.
Benefits for merchants include getting lower commission fees by staking BIST, using the token for targeted advertising or rewarding loyal customers, and receiving financing and advanced payments on orders through decentralized finance.