Nice project I invested Let's see how it will go  Thanks, appreciate the support |
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Will it be possible to use the crypto currency purchased on Blockbid to pay utility or any other kings of bills (for example, in a store)?
That's not in our roadmap currently, not really a priority for us |
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We are pleased to announce that our exchange user interface will be available to view in the upcoming weeks and we appreciate the feedback and confidence we have received via contributions. To prepare for the Blockbid prototype launch, the website will be unavailable between 5:00pm to 8:00pm AEST. If you are having any trouble participating in our ICO during this time, please pm or post a message to any of our social channels and we will send you through our step-by-step guide for purchasing BID. Thank You! The Blockbid Team |
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If the funds collected from the sale of 3 million tokens is not enough to run the platform, how will you find additional money?
We have a large network of traditional investors that are interested in providing equity funding if required - but if we sell the full 3m tokens then that should be sufficient But wouldn't it make sense to get the large network of traditional investors on board anyway? They are already on board in that many of them are friends that support our project - but if we don't need their money we aren't going to take it just for the sake of increasing our bank balance... |
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Hello! The cost of one token remains the same or has it changed?
Token cost is unchanged 😀 |
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If the funds collected from the sale of 3 million tokens is not enough to run the platform, how will you find additional money?
We have a large network of traditional investors that are interested in providing equity funding if required - but if we sell the full 3m tokens then that should be sufficient |
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Can I use the MEW wallet to buy BID tokens on the ICO?
Yes MEW is probably the easiest and best |
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Has the software level decreased or has it remained the same after changing the amount of token emission?
Soft cap stays the same at 1m tokens |
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what are soft and hard caps now?
what will be done with the unsold questions?
I assume you mean unsold tokens - there will be no unsold tokens. Only the tokens we sell will actually be created. So if we only sell 1m tokens, then our hardcap and max supply is only 1m tokens. At 1m tokens, our entire market cap would only be around USD$900k. |
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That will depend on what level of verification you choose, similar to Bittrex
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Will there be transaction charges in the system? If so, how big will they be?
Without the use of Blockbid tokens, which allow fee free trading, transaction fees will be .1% |
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Good value the ICO is now with such a low coin supply and market cap.
Yes we feel the same. It was a bit of a misjudgement on our behalf to set our max at 30m tokens but we have listened to feedback and rectified the error. |
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What is the total emission of tokens? How much of them will be realized during the ICO and which part will be sent to the reserve?
80% will be released to ICO participants, 12% will be issued to founders, and 8% will be for bounties and rewards. After this all redeemed tokens will be given out for free to the trading community in the form of airdrops and rewards. |
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Hi, devs! What will your development look like after the ICO is over?
After ICO is over we will be into the beta testing phase. The user interface will be released in a week or so. Live public launch of full exchange platform is scheduled for early Feb |
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Exchange of what kinds of crypto-currency will be available in Blockbid? Are you planning to increase the number of available options in the future?
We will be listing at least 1000 different altcoins - basically we will list any altcoin with an up to date Blockchain. |
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The project seem neat, but the ANN description is still lacking appeal to attract peoples to get motivated to purchase the coins since the thread is not so interesting to read.
A combination between words and image would be better to look at.
Yes, now that we have amended the number of tokens we will probably start a fresh ICO thread. |
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I'm waiting for the beginning of ico
There is very little left!
Good luck to the team!
?... the ICO is underway and there is plenty left. |
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Do you plan to introduce to work of your service the possibility of paying for everyday goods with crypto-currencies? How will this be realized?
That's not really our focus right now, building the best crypto exchange in the world is the focus. The tokens will provide fee-free trading on our exchange and will also be tradeable on other exchanges. |
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The network with what data rate uses your project? In what state is all equipment located?
We have servers all over the world and partner with DGtek, 1gbs up and down. |
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Only twitter bounty? Will be facebook, reddit, translation bounty? Or only twitter bounty?
We will be providing details on further bounties shortly. We are looking for Japanese translation specifically at the moment. |
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