While the massive shift to delivery and takeaway has been convenient for consumers, you may have noticed fewer and fewer choices being offered at restaurants. Part of this has to do with the intermediary who can take up to 60% of an order value. Admittedly, this 60% includes all the bells and whistles, where in the event – ​​let’s face it – it’s not chosen, a restaurant is buried well under a pile of obscurity. And in a crowded market, that pile of ambiguity often results in a sad ending; the closing of the kitchen.
Bistroo’s goal is to restore the dominant position of restaurants, food merchants, service professionals and other frontliners in the value chain of food ordering and delivery. Bistroo ends this power asymmetry by providing a decentralized peer-to-peer infrastructure that eliminates the middlemen and gives restaurants all the tools they need to grow their businesses sustainably.
About Bistroo
Bistroo is a peer-to-peer food and drink marketplace powered by the BIST Token. A protocol where food consumption can be easily organized and personalized at significantly lower costs. Merchants have full control over their payments, product selection, customer relationships, orders, ads and analytics. Customers can have direct relationships with their favorite sellers, earn rewards and get food recommendations that suit their tastes.
So why use cryptocurrency? Blockchain technology enables Bistroo to easily establish direct relationships between merchants and consumers and in this way give more control to the merchant. Everything they build is aimed at greater transparency, honesty and loyalty.
Bistroo first launched the Bistroo platform for food merchants in 2019 and held a successful token sale in 2021 where they sold all BIST tokens available for purchase. Since then, their community has grown considerably. With backgrounds in areas such as software engineering, finance and sales, Bistroo’s team is currently 20 people strong and ready to scale the platform exponentially. To further perfect the platform and foster more community growth, they also work closely with experienced advisors in the field.
Bistroo’s ecosystem
To disrupt this model and generate value for process stakeholders at the core of the product or service chain, Bistroo introduces the Bistroo Ecosystem. It is intended to be the ecosystem where food consumption can be easily organized and personalized to meet the needs of individual customers and merchants.
Superior customer convenience, but with better conditions and direct digital and financial relationships between supply and demand parties. The goal is to create an open marketplace environment where goods, services, value and information can all be easily shared between members of the platform community.
The Token
The BIST Token will be an important part of the platform. The token will be one of the payment methods available to the platform without losing its properties as a utility token. Well-known FIAT payment options, such as iDeal (Debit Card), Apple Pay Credit Card and PayPal, are already supported from an onboarding and ease of use perspective. Currently, 12 cryptocurrencies, in addition to the BIST token, are available as a payment option at participating merchants on the platform. The BIST token enables instant peer-2-peer payments without the need for external payment processors. Bistroo’s ecosystem is focused on providing a transparent and convenient gateway to specialty goods and dining experiences for the modern consumer. Consumers will be able to rely on the experiences of like-minded colleagues to improve their decision making.
Benefits of BIST Tokens
In addition to paying with fiat currencies such as euros or dollars, consumers can pay in BIST and earn more from it by growing the community and improving the ecosystem. The use case of the token is continuously expanded.
- Consumer benefits
- Buy your food with BIST to get a 2% cashback discount
- Pay with crypto and get a 1% cashback in BIST tokens
- Earn BIST for inviting a friend or introducing a restaurant
- Get rewarded for generating and sharing your user data
- Earn BIST for rating your ordered food or restaurant
- Merchant Benefits
- Traders can strike BIST to get even lower commission fees
- Receive financing and prepayments on orders (DeFi)
- Use BIST for targeted advertising or rewarding loyal customers
- Unlock premium dashboard features and online store improvements
- Anyone can earn BIST by staking BIST and providing liquidity (DeFi)
Current status
For their first market use case, Bistroo.nl is setting up a fully functional ordering platform for the Dutch market, which has been operational since March 2020. In addition, Bistroo has entered into an exclusive partnership with Koninklijke Horeca Nederland (KHN), the largest Dutch association for the food and hospitality industry. This partnership ensures that KHN pushes us as the preferred food distribution platform to their nearly 30,000 members around the world. The Netherlands. This is an exclusive collaboration that no other food delivery platform in the Netherlands has. As of today, Bistroo’s platform volume has peaked at USD 2.8 million. Bistroo has steadily grown in both consumer and sales numbers and feedback has been very positive about ease of use, instant payments (even in FIAT), direct customer contact and low commission costs.
For more information about Bistroo’s exciting project, please visit: https://bistroo.io/