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Hi,
are there any other features planed for the bid token except the free trading for 30min? As i saw on the pages before you are not planning to get the BID Token to another exchange than blockbid right?
Letīs say the value of one token increased to 50$, so with 0,1% trading fee you have to spend 50.000$ in the next 30min to get to maximum value out of your token. What about all the small investors who just spend a couple of dollars to get into crypto, so the bid would not be interesting for a lot of investors if the value is increasing (besides the gains of the token itself).
What is the plan with POS tokens who are traded on Blockbid are you gonna stake them and does the users get the stake rewards?
are there any other features planed for the bid token except the free trading for 30min? As i saw on the pages before you are not planning to get the BID Token to another exchange than blockbid right?
Letīs say the value of one token increased to 50$, so with 0,1% trading fee you have to spend 50.000$ in the next 30min to get to maximum value out of your token. What about all the small investors who just spend a couple of dollars to get into crypto, so the bid would not be interesting for a lot of investors if the value is increasing (besides the gains of the token itself).
What is the plan with POS tokens who are traded on Blockbid are you gonna stake them and does the users get the stake rewards?
Good question Im also interested as Investor in BID in an answer, would be nice if the blockbid Team can answer this.
Great questions
We are open to adding and amending features after launch, depending on ongoing user and community feedback.
BID TOKEN METRICS:
1 BID redeemed = 30 minutes free trading
3 BID redeemed = 2 hours free trading
25 BID redeemed = 24 hours free trading
500 BID redeemed = 30 days free trading
20000 BID = unlimited free trading for as long as wallet balance is intact; no requirement to redeem.
Free trade periods will be timed from the first partial or full order execution following token redemption.
BID tokens will be accepted as listing fees from 1st July 2019 - number of BID required for the various tiers of listing yet to be determined.
Blockbid will use received tokens at our discretion, mainly as part of user referral programs.
At the end of each year, Blockbid will burn 5% of the total number of tokens received during that year.
