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.
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.
How this is works?
Because i seen this like regular market sale with BIDBits as collateral payment system.