Buying.com Receives Approval to Trade On Openfinance After Token Split With Polymath; Launches Android App

Buying.com’s BUY token has been approved to trade on Openfinance after a 20x token split. The split caused the total number of BUY tokens to decrease and the value of each BUY token to increase.

Buying.com has been busy marketing its token offering over the past year, and now the company has announced a token split as well as the launch of its Android app.

Latest updates from Buying.com:

• Token split;
• Android app launch;
• Agreement with Groupon for Market Testing on the Groupon platform.

Buying.com Token Splits Explained

Similar to a stock split, there is not any lost value. Instead, each token increases in value and the total number of BUY tokens will decrease.

A 20x split means that the total number of tokens in your wallet or vault account will change to an amount 20 times less than the token number originally held. Additionally, the token value will climb proportionally, which balances out all token holder valuations.

For every 1 BUY token that users previously held, that number is now fractionated by 1/20. For example, if you held 20 million BUY tokens before, you now have 1 million BUY tokens. Correlatively, the price of the token went from 1 BUY token being worth $0.1125 to 1 BUY token being worth $2.25…