BidBits

BidBits is a digital auction platform that aims to give users exciting and unique buying opportunities. The platform will host a number of digital markets from which users will be able to offer their own goods to market participants. BID is exclusive to token holders and will serve as an exclusive bidding token.

Marketplace


Sellers will be able to list their digital items for sale on the BID platform. A security deposit will be required for each listing. Deposits will be released when all transactions have been completed and verified.  – Additional feedback and verification dynamics to be introduced.

Users will be able to offer a plethora of digital items including digital art, game skins, keys and much more. Categories and dedicated markets will be developed over beta testing period as we refine bidding processes. 


Bidding


All Auctions will be priced in USD $ and will start from a base price of $0.01. Participants will spend BID tokens to submit votes on the Blockchain. Successful confirmation will record order of bids and will raise the final payment value by the seller defined amount. Bidding will continue until closing date.

The final minutes of the bidding process will activate the extension period in which buyers may pay a premium on their token bid to extend bidding time (a quota will be enforced to ensure bidding closure). Bidding will close when no extension of time has been given or maximum extension time reached.

Final balance to be paid in BID or BTC.

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Token Specifications

Supply - 42 Million BID
Annual Stake: 9%
Minimum Stake Maturity: 1 Hour

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Token Offering Process

TBA

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Wallets


TBA