Today, I am happy to write this article to you. I like to show you innovative crypto services and I like even more to show you services that can be used in real life.
We will then slowly take an interest in an app which was released in the Netherlands in March and which intends to expand throughout the European and then global market. We're going to talk about the Bistroo app.
Bistroo is already making a lot of noise. You imagine? A meal delivery service, of course, is classic today, but which works on the blockchain. Moreover, the success of Bistroo is also linked to the pandemic we experienced where delivery services experienced significant growth. Thus, a few months after its launch, the company announced that it had processed more than $1 million in orders. Not bad for a company that has only been in existence for a year...
Yes, you see where I'm going with this. We are entering a new era, my dear friends.
Presentation of Bistroo
The co-founder and CEO of Bistroo is called Bas Roos and he worked in finance and at Ernst & Young more precisely. The other co-founder and CTO of the company is Bob Dohmen. The company has raised funds for its utility token (BIST) which will serve as a means of payment on the platform. The fundraising reached 8 million euros in total.
Bistroo has achieved significant milestones since its inception. After officially launching its operations in March 2020 in the Netherlands, the company increased its number of orders processed from $100 to over $000 million after just a few months.
In just a few months, more than 13 unique customers have registered and 000 restaurateurs have created their accounts.
Bistroo's great strength is to have created solid partnerships with solid and recognized companies like Deliverect, Mollie (the notorious payment service), High Tech Campus Eindhoven and Untill. Most of these are payment services that are well known in their field and enjoy an indisputable professional reputation.
What are the advantages of Bistroo?
Bistro is therefore a B2B platform that connects restaurateurs with consumers. It's really similar to an app like Deliveroo or Uber Eats for example.
To build customer loyalty in a very competitive market, the Bistroo company has planned various advantages for customers.
For example, here are the important points:
- Restaurant owners pay cheaper transaction fees compared to other platforms (it's 5% on Bistroo and around 15% on others).
- Payments are faster than on other platforms, particularly because customers can also pay for their meals with the BIST token directly.
- Users can receive rewards linked to their loyalty to the app and become “Bistroo ambassadors”.
- The possibility of communicating directly with the restaurant
- Earning tokens when you comment or give an opinion on a restaurant.
The BIST token and how it works:
Bistroo’s native token is a ERC-20 token created on Ethereum therefore. The total supply has been set at 100 million tokens.
As you will have understood, the BIST token is used for payments on the application and then allows you to save on transaction costs (compared to fiat).
The team behind Bistroo thought about making BIST a desired and profitable token by the community. For example, users will be able to stake BIST to earn interest on it. As we are on Ethereum and DeFi, we will also be able to participate in liquidity pools for example.
We can now provide liquidity on Uniswap and Balancer by the way.
In addition, in order to stimulate the development of the community, the platform has designed a resale function for token holders. Basically, BIST tokens have a return of 1% on each order paid in FIAT and 2% for all orders paid in BIST.
Final word on the Bistroo app?
Finally, the Bistroo application remains a very promising application given the market. Likewise, we really appreciate applications that seek to escape the world of pure finance.
At the same time, the management team seems to think carefully about its business model and to think about having incentives for both customers and restaurateurs. This is another good point that we would like to point out.
This is one of the rare times where we have the pleasure of telling you about a real, physical world app that also works with a DeFi token. This universe is making great strides in the real world and we can only rejoice about it, right?
Now the app is usable in the Netherlands but we won't be surprised to see it arrive in other markets very quickly.
- ☞ Discover the Bistroo website
- ☞ Buy BIST Token on Uniswap or become a liquidity provider
---
Disclaimer: This is not investment advice. This is general information. Do your personal research before investing.
Our affiliate links and blog partners:
To buy cryptocurrencies (simple way):
To generate interest on your cryptocurrencies:
To secure your cryptocurrencies:
To have fun and play
