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Author Topic: [ANN] BIDBits | Blockchain Digital Auction Platform | Dynamic Bidding System  (Read 1846 times)
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fxmulder
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July 31, 2017, 02:27:01 PM
 #21

Thinking about this a little more, auctions are quite an interesting system and I am really looking forward to something that offers proof of bidding.

The market dynamics will keep people hooked on both bidding and selling imo. It seems dev wishes to provide some gamification to the proposed platform and give value to all users. This is an encouraging proposal which I feel would benefit from some economic trials.

I would urge the dev to push forward a road map and even consider running special events that tweak certain dynamics of the bidding process to trial community interaction.

Good luck, and I look forward to hearing more! 



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PLAY or INVEST


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July 31, 2017, 02:32:08 PM
 #22

Yes, I agree.

I have this time and time again recently where companies offer bonus schemes or limited period incentives before developing a long term implementation for users.

I think the main thing here though is to combat collusion and provide a profitable a fair system for all to partake. It can feel a little daunting for new users but focus on building your community first is key. Run some giveaways and interesting incentives - I can see this taking off! 

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July 31, 2017, 10:31:11 PM
 #23

Kinda sounded like a derivative of penny auctions to me. Though a true p2p system with calculated fees to keep the network and economic structure would be pretty awesome.
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August 05, 2017, 02:22:26 PM
 #24

definitely want in on this! If I can sell some digital art that would interesting.

OP have you considered using some kind of smart contract system to make sure the sellers have been verified / legitimate digital content?

How would one be penalised if they sold fake keys or invalid accounts etc.


Good luck with the project and hope to hear more!

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August 05, 2017, 02:24:50 PM
 #25

Please reserve French Traduction. Thanks

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August 05, 2017, 02:25:19 PM
 #26

Hi all, thanks for all your support so far.

We have managed to appoint a couple of community managers and developers to get this project moving.

A roadmap, ICO details and detailed walk through of the bidding process will be out shortly.

I understand there are quite a few queries but rest assured we are working towards a real product and will address all related questions soon.  The new community managers will be briefed and run a QA session in a few weeks.




Thanks for your patience and ongoing support!
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August 05, 2017, 02:26:13 PM
 #27

Please reserve French Traduction. Thanks

RE all translations - We will review these once our final details have been posted. Little point in getting them done at this stage.
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August 05, 2017, 02:27:29 PM
 #28

Hmmm will be looking forward to see your roadmap dev, if I'm honest - You want to encourage people to support by showing a well thought out plan. Keep it as simple as possible and I am sure you will get a bigger following Smiley

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August 08, 2017, 11:47:33 PM
 #29

I've had quite some experience with penny auctions before, this is actually a great use case for a token!

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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August 09, 2017, 09:21:52 PM
 #30

When's the crowdsale happening? Time to hedge into alts now that BTC is headed for uncharted territory



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Rainbot
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August 09, 2017, 09:23:44 PM
 #31

What's the nominal value you propose for the token? Are we looking at ERC20 token or something else?
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August 09, 2017, 09:26:43 PM
 #32

I've won some penny auctions in the past but my problem with them is the sites run bots that essentially bid up the prices really aggressively and artificially inflate the prices as well as make everyone bidding spend more of their tokens. If you guys came up a way to make the bid process transparent on the blockchain this would be a killer application!
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August 09, 2017, 09:30:31 PM
 #33

I've won some penny auctions in the past but my problem with them is the sites run bots that essentially bid up the prices really aggressively and artificially inflate the prices as well as make everyone bidding spend more of their tokens. If you guys came up a way to make the bid process transparent on the blockchain this would be a killer application!

Same experience, this is actually the whole point of these bidbits I think. I'm not sure if penny auctions are in 'fad' right now though so it remains to be seen how popular this can be.

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Zawamiya
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August 09, 2017, 09:36:50 PM
 #34

Decentralised on ERC20 would work nicely. Can't recommend it otherwise. Could be interesting use case if the existing penny auction sites decide to go this route but it's highly doubtful as that would expose their fraudulent activity.

This might be the opportunity to slot into this niche.
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August 09, 2017, 09:41:31 PM
 #35

How about we get some roadmap or whitepaper, details are a bit sparse at the moment.
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August 09, 2017, 10:32:13 PM
 #36

How about we get some roadmap or whitepaper, details are a bit sparse at the moment.

Invest because of profit potential, not cause of some fancy looking roadmap / whitepaper.

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August 09, 2017, 10:34:10 PM
 #37

Whitepapers make the world go round  Wink Looking forward to solid update!
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