[ANN] ICO - Blockbid: Bringing Stockmarket Exchange Quality to Cryptocurrency

[CapacabanaBitch]

I've already seen some similar ICO, why are you different?

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[BlockBid]

What kinds of purses can I use to obtain and store Blockbid tokens?

We recommend MyEtherWallet

https://m.youtube.com/watch?v=7lpha8_Ytos

Are your coin support all erc20 wallets?

Yes it's a standard ERC20 token and can be sent to the Blockbid ICO from any ETH compatible wallet

[BlockBid]

Hello. I haven’t found the graphs for the Blockbid technical support in the expense chart. Is this item included in the Security and Infrast section?

Yes it's included within infrastructure expense forecast

[bluberry7]

your team seems rather professional! where are from and how did you come up with the project idea?  I believe that the strong team is the most important for the success.

[BlockBid]

I don't see the need of blockchain technology for this and i am a bit confused as to what different it will be from binance or as a matter of fact any other exchange that is present today. If its just more coins that already hitbtc and etherdelta have like every coin.
This being an australian exchange what different it will be from cryptopia a NZ exchange or coinspot. If its fast they are talking about, binance is currently the fastest of all.
I would like someone to explain as to how this exchange is solving some considerable problem and how they see the token value price going up since exchange coins hardly do well.

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 pledge to list at least 1000 within a few 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.

Regarding how we see our token increasing in value - Binance's token is valued at $150m, approx 150x our token, and their token provides are far less valuable discount on brokerage than Blockbid tokens will.

Obviously they are operating and deserve to be valued much higher than us at this point, but given the vastly increased discount that our token provides, and the much smaller total supply, we would expect our token to be trading at around $150 each by the time we have achieved approx 50% of the trade volume that Binance currently has.

We feel we could reach 50% of Binance current trade volume in around 15 months, so that would be a 150x return for ICO participants in less than a year and a half.

[BlockBid]

I've already seen some similar ICO, why are you different?


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

No current crypto exchange lists more than 500 or so individual coins - we pledge to list at least 1000 within 6 months  of live public launch.

Coinspot, the only other Australian altcoin exchange, 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 we will 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 place a new 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, however we would rather not broadcast them all too loudly as Bittrex and Binance and the rest will implement our ideas, which I think you'll find happening shortly with some of the plans we have decided to share.

[BlockBid]

your team seems rather professional! where are from and how did you come up with the project idea?  I believe that the strong team is the most important for the success.

The team is based on the East Coast of Australia, there are bios in the whitepaper and photos of all team members on the website for further due diligence.

Thanks and yes combined we share vast experience and expertise in a broad range of disciplines that are all complementary to building and managing a best in class cryptocurrency exchange.

[BlockBid]

what value will you add to p2p exchange in comparison with etherdelta? I my solely and nonprofessional view the extra layer of security would be much welcomed and appreciated..

Once our decentralised p2p platform is built and running it will be orders of magnitude more intuitive and efficient to use than EtherDelta.

Security will be of a higher standard, and on the very, very low chance that any user loses coins via a hacking, our insurance will reimburse any loss.

We will also have vastly more responsive customer support including telephone support.

[Canananada]

Do you have the bounty program?

[nothappend]

How will creation of Blockbid help to solve the problem of existing of big amount of unnecessary exchanges?

[wegip]

Hey! Give me pls the links to twitter, FB and more media!

[Gamelander]

How much time spent on the transaction can a Blockbid user save in average?

[BlockBid]

Do you have the bounty program?

We have a simple bounty program for retweeting official Blockbid Twitter posts @Blockbid_io

You can earn tokens this way until the end of the ICO - simply email us at bounty@blockbid.com.au with your Twitter username and we will add up your tally at the end of the ICO.

[BlockBid]

Do you have the bounty program?

We have a simple bounty program for retweeting official Blockbid Twitter posts @Blockbid_io

You can earn tokens this way until the end of the ICO - simply email us at bounty@blockbid.com.au with your Twitter username and we will add up your tally at the end of the ICO.

Our telegram room can be joined here: https://t.me/joinchat/C5go9A9sMT8ss14UOkPIHA

[BlockBid]

Hey! Give me pls the links to twitter, FB and more media!

Here are our social media links 😀

Twitter: @Blockbid_io

Telegram: https://t.me/joinchat/C5go9A9sMT8ss14UOkPIHA

[BlockBid]

Do you have the bounty program?

We have a simple bounty program for retweeting official Blockbid Twitter posts @Blockbid_io

You can earn tokens this way until the end of the ICO - simply email us at bounty@blockbid.com.au with your Twitter username and we will add up your tally at the end of the ICO.

For each retweet of a Blockbid tweet, or by tweeting the link to a Blockbid article, including this thread, the bounties will be as follows:

.1 BID token per retweet/linkshare if you have 0-249 followers, .3 BID for 250-499 followers, .5 BID for 500-999 followers, 1 BID for 1000-1999 followers, and increasing by 2 BID per 1000 followers from 2000 and above.

So if you have 2000-2999 followers, you will receive 3 BID tokens for each retweet or linkshare. If you have 3000-3999 followers, you will receive 5 BID tokens per retweet/linkshare, and so on.

You will need to ensure your timeline is visible.

Twitter: @blockbid_io

If you wish to participate in the Blockbid ICO, you can sign up on our website www.blockbid.com.au

[descarte]

From your white paper, it appears that you want to list all tokens in your exchange. Do you have any criteria of token acceptance? Are you going to list Jesuscoin - https://jesuscoin.network/

[BlockBid]

Not all tokens, but every coin where the dev team remains active in the project and is contactable.

So yes, as long as Jesus doesn't slack off he is welcome on our exchange. It no more a silly coin than DogeCoin!

[angercoin]

What is the main aim of creation of Blockbid and what are the main priorities?

[kentuckykid]

Will Blockbid platform be targeted at experienced traders or will the beginners feel comfortable too?