For your average part time trader, you are possibly correct. But bear in mind that you can choose any half hour window you like - so you can save your tokens for when you have bigger or more trades to make.

Also bear in mind that lots of participants of this ICO will be buying simply in order to sell the token to a large trader for whom the token is more intrinsically valuable, at a price higher than the ICO price.

Having said that, we are very careful to listen to all feedback and we are considering doubling or quadrupling the time window for free trades per token.

If we proceed with this it will be announced here, and elsewhere.

Our platform will be ready for live launch in March 2018, assuming we hit the soft cap of 1m tokens sold at ICO. If we don't hit soft cap, all contributors are automatically refunded in full.

For this reason we will be listing our tokens on existing exchanges shortly after the ICO ends so that ICO participants are able to sell if desired, and new buyers can purchase on market.

Hitbtc charges exorbitant listing fees which prohibits the listing of many smaller coins. Etherdelta is not user friendly and many traders, including myself, refuse to use it for this reason.

If you're not from a Stockmarket trading background you probably aren't aware of the enormous gap in quality and ease of use between leading stockmarket exchange platforms and leading cryptocurrency platforms.

At present, even the poorest Stockmarket platforms are still a pleasure to use compared to the very best cryptocurrency exchanges.

I think you'll find that no current crypto exchange lists more than 500 or so individual coins - we plan to list 1000 within 6 months of live public launch.

Coinspot for example only lists 40 or so individual coins. 40 out of 2000 is not good coverage.

We will also be the first crypto exchange to offer insurance to users agains loss of coins from cyber attacks, and should be the first exchange to offer both a centralised and a decentralised exchange from a single interface.

Just as an example of common sense features from the Stockmarket that we will include - the fact that you can only cancel your buy or sell order on most crypto exchanges is really quite bizarre. It is far more efficient to amend an existing order rather than needing to cancel and order and re do another order, especially with all the decimal places involved in crypto.

There are numerous other common sense and efficient features such as this that we will be implementing.

Blockchain isn't specifically required until we launch our decentralised wallets, but funding is obviously required for a project of this magnitude, and given it's a coin exchange, an ICO was the obvious choice to supplement the equity funding already secured.

We feel that once our exchange begins to trade volume, our tokens will become very valuable as large traders could save hundreds of dollars with just one Blockbid token.

Once our tokens hit 3rd party exchanges such as Livecoin, you will be able to buy Blockbid tokens with Bitcoin as well as ETH.

Telegram is best, one of us is always on there

https://t.me/joinchat/C5go9A9sMT8ss14UOkPIHA

The 3 Blockbid initial founders were introduced through a mutual trading and investing friend - from there the concept of a cryptocurrency exchange with the level of support, features and convenience of a leading Stockmarket platform was born.

Following this we utilised our extensive network in the cryptocurrency and technology fields to secure the services of respected experts.

Yes correct

Yes, definitely. We will most likely list BID tokens on Coinexchange and Livecoin shortly after the ICO

Once our exchange is live, there will be no fees to purchase Blockbid tokens. Selling Blockbid tokens will attract the standard 0.1% commission.

BID tokens on other exchanges will trade according to those exchange fee structures.

3m - if we hit 3m tokens sold then the smart contract is stopped and no more funds will be accepted, and thus no more tokens created.

If you think about how much large traders spend on transaction fees, you can see that whales will happily buy BID tokens on exchanges for a substantial amount - they will pay any price as long as it is less than they could rack up in transaction fees over half an hour of high volume trading.

Beta testers receive free trades, so yes they will effectively get the same benefit as token holders.

All funds will be used for creating the platform ie wages to developers etc

Exchange is under development and will be fast tracked through to public launch with proceeds from the ICO

They won't be resold, they will be distributed back to the crypto community as airdrops and rewards, and can be reused by the new recipients.

You'd probably need to seek independent advice on that - we have no way of verifying the citizenship of the owner of each Ethereum wallet we receive funds from.

We will be giving users the choice to switch between centralised and decentralised within our platform.
Decentralised trading will be added in late 2018.

We are anticipating around 1.5m which will give us a total market cap of $1m