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Author Topic: [ANN] BIDBits | Blockchain Digital Auction Platform | Dynamic Bidding System  (Read 1844 times)
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dbzenhosting
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July 08, 2017, 11:52:29 AM
 #1



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.




   


Token Specifications

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






Token Offering Process

TBA







Wallets


TBA




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July 08, 2017, 11:53:10 AM
 #2

reserve indonesian translation if needed

Bitcointalk ANN  ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯│ Global Mining Token │⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯  Pre-Sale on 15th October
 Twitter                                          
Your Tokenized                                              Blog                  
Facebook  ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯   Hash Power Marketplace   ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯  Whitepaper            
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July 08, 2017, 12:48:44 PM
 #3

Can I reserve Spanish translation? I have translated others ANN/ICOS in the past PM me if you want to see my portfolio
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July 08, 2017, 12:58:13 PM
 #4

Intresting idea,
So we can use this coin to bid and pay it using bid or btc,and can you tell me where is the place ? Any kind website or something like that to start an auction later on?
Also,it is an icos or pow ? (Most likely icos because we use it as a payment later on)

Looking forward and awating for more information about your project

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July 08, 2017, 12:59:34 PM
 #5

Hello, reserve Russian translation for me. Thanks.

SPECTRE                ▄▄███▄▄
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                ▀▀███▀▀
             │
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▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
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PRE-SALE.
PUBLIC SALE.
tippytoes
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July 08, 2017, 02:34:26 PM
 #6

Waiting for more info on this project. And the links/website since it is a digital auction platform, where we can view the available digital items.
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July 08, 2017, 02:36:23 PM
 #7

Interesting idea, but we need more details

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July 08, 2017, 02:54:33 PM
 #8

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.

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<>
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GITHUB
TWITTER
YOUTUBE
FACEBOOK
fxmulder
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July 12, 2017, 02:18:49 PM
 #9

Interesting idea, but we need more details

Agreed, this seems like an interesting dynamic if theres a level of transparency to be implemented. Perhaps a little more detail in the form of a document will be useful?



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PLAY or INVEST


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Rainbot
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July 12, 2017, 02:30:57 PM
 #10

I wonder what items I can offer on this site? If I could auction off soke of my digital accounts like steam or something that would be interesting. Maybe digital subscription acccounts?
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July 12, 2017, 02:44:21 PM
 #11

Yes I agree above. Sone more details about the platform and your distribution protocol is important. A sound economic model will lead to a projects success.

A whitepaper. Roadmap and marketing strat will go a long way if youre in the for the long run. Hope to see more deets soon.

Doc.
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July 12, 2017, 02:55:50 PM
 #12

I hope we have windows wallet soon  ,Dynamic Bidding System  is good project or not , i need see roadmap  what i can't see it now , hope dev can update to i see it and can invite it .

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July 12, 2017, 03:06:53 PM
 #13

Hello, reserve Russian translation for me. Thanks.

Reserve Italian translate for me. Thanks.
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July 12, 2017, 03:34:15 PM
 #14

Thanks for the initial interest. We're currently ironing out our release schedule for the token and also accepting applications for people wishing to join our team of developers.

We are looking for the following :

Network Architect

Blockchain Architect

Full Stack Web developer

Community Manager

If you have the skills and would like to join this project, please let me know.

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July 18, 2017, 08:28:57 AM
 #15

Thanks for the initial interest. We're currently ironing out our release schedule for the token and also accepting applications for people wishing to join our team of developers.

We are looking for the following :

Network Architect

Blockchain Architect

Full Stack Web developer

Community Manager

If you have the skills and would like to join this project, please let me know.



Very interested in the project and happy to help out with community once you guys get started. Pm me if you need a hand with setting up slack etc.

Looking forward to a novel approach to blockchain auctions!
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July 18, 2017, 08:32:54 AM
 #16

This might be one to look out for. A question to OP though, how exactly will this differ to traditional auctions like ebay to give items at lower prices while benefiting the seller and platform?
 I think ive misunderstood something...

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July 18, 2017, 08:43:47 AM
 #17

Well, to those who are not sure of their bidding dynamics, it seems to me it follows some sort of penny auction style bidding with blockchain proof.

The seller and platform basically gain from tokens being spent to bid and this is distributed to a winner. Im interested to know how they will combat collusion and other attacks. An interesting model indeed.
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July 20, 2017, 11:24:27 AM
 #18

Is the underlying token used for making bids? Or is it the collateral ?

@CoinBateman | Killer Crypto Instinct
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July 20, 2017, 11:31:30 AM
 #19

Hindi translation reserved

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July 25, 2017, 12:39:54 PM
 #20

Watching this. Hit me up with a roadmap and im in!
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