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Author Topic: [ANN] ICO - Blockbid: Bringing Stockmarket Exchange Quality to Cryptocurrency  (Read 6596 times)
BlockBid (OP)
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August 20, 2018, 07:24:05 AM
 #481

What form of Asset Insurance is being provided? Would be keen to understand who the Underwriting capacity is behind it and what cover is actually available when trading. Do you have any publications around these finer details?

Our policy while redacted for public viewing to a certain extent will be available for review by users upon sign up to the exchange and during the opt-in process. We have been working with Scott Winton Insurance Brokers to help build our multi-layered multi-faceted policy that has bee underwritten by insurers that unfortunately we cannot reveal due to the privy nature of our custom policy.

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lana_93
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August 20, 2018, 07:55:40 PM
 #482

Is there any list which cryptocurrencies will blockbid include?
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August 20, 2018, 08:24:19 PM
 #483

What form of Asset Insurance is being provided? Would be keen to understand who the Underwriting capacity is behind it and what cover is actually available when trading. Do you have any publications around these finer details?

Our policy while redacted for public viewing to a certain extent will be available for review by users upon sign up to the exchange and during the opt-in process. We have been working with Scott Winton Insurance Brokers to help build our multi-layered multi-faceted policy that has bee underwritten by insurers that unfortunately we cannot reveal due to the privy nature of our custom policy.

It's very cool that you work with such giants of the market. This immediately means that with at least you do not run away and as a maximum they will help you to occupy your niche in the market. I hope everything will turn out and profit for all investors.
BlockBid (OP)
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August 21, 2018, 09:46:47 AM
 #484

Is there any list which cryptocurrencies will blockbid include?

For the upcoming soft launch there will be 5 of the major crypto's, for the main launch there will be many, many more - we've had approx. 400 coins apply for listings so far and will work to list as many as possible.

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August 21, 2018, 08:37:35 PM
 #485

Any chance that there is thought about an RMB pairing?
BlockBid (OP)
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August 22, 2018, 05:08:04 AM
 #486

Any chance that there is thought about an RMB pairing?

We are looking at expanding our current list of fiat pairings althought it depends on the AML/CTF policies each country requires.

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August 22, 2018, 02:57:50 PM
Last edit: August 22, 2018, 03:37:54 PM by Rinis
 #487

Hi,

are there any other features planed for the bid token except the free trading for 30min? As i saw on the pages before you are not planning to get the BID Token to another exchange than blockbid right?

Let´s say the value of one token increased to 50$, so with 0,1% trading fee you have to spend 50.000$ in the next 30min to get to maximum value out of your token. What about all the small investors who just spend a couple of dollars to get into crypto, so the bid would not be interesting for a lot of investors if the value is increasing (besides the gains of the token itself).

What is the plan with POS tokens who are traded on Blockbid are you gonna stake them and does the users get the stake rewards?

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August 24, 2018, 09:45:38 PM
 #488

Is USD one of the planned currencies?
BlockBid (OP)
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August 25, 2018, 04:10:34 PM
 #489

Is USD one of the planned currencies?

Yes, our current supported currencies are AUD, USD, EURO, JPY for live trading beta, and then we have plans to add NZD, INR, HKD, Pound, CAD and more for the full live launch.

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August 25, 2018, 08:29:10 PM
 #490

What AUD deposit methods are you going to support at launch?
DanielvonDan
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August 26, 2018, 08:31:14 AM
 #491

Does your future platform provide any fraud prevention measures?
VestRidCr
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August 26, 2018, 11:15:00 AM
 #492

Is USD one of the planned currencies?
The US dollar is the fiat currency №1, it will definitely be added)) Cool I look forward to the full launch of the exchange)

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August 26, 2018, 12:19:10 PM
 #493

Hi,

are there any other features planed for the bid token except the free trading for 30min? As i saw on the pages before you are not planning to get the BID Token to another exchange than blockbid right?

Let´s say the value of one token increased to 50$, so with 0,1% trading fee you have to spend 50.000$ in the next 30min to get to maximum value out of your token. What about all the small investors who just spend a couple of dollars to get into crypto, so the bid would not be interesting for a lot of investors if the value is increasing (besides the gains of the token itself).

What is the plan with POS tokens who are traded on Blockbid are you gonna stake them and does the users get the stake rewards?



Good question Im also interested as Investor in BID in an answer, would be nice if the blockbid Team can answer this.
ViciousWarlock29
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August 26, 2018, 08:04:34 PM
 #494

Hi Blockbid Do you guys have an ongoing affiliate program?
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August 27, 2018, 04:26:44 AM
 #495

Blockbid looks like a solid competitor. However, the downside is that the tokens in that case don't offer anything interesting. They allow you to trade for a limited period of time without any fees.
BlockBid (OP)
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August 27, 2018, 12:30:55 PM
 #496

Hi,

are there any other features planed for the bid token except the free trading for 30min? As i saw on the pages before you are not planning to get the BID Token to another exchange than blockbid right?

Let´s say the value of one token increased to 50$, so with 0,1% trading fee you have to spend 50.000$ in the next 30min to get to maximum value out of your token. What about all the small investors who just spend a couple of dollars to get into crypto, so the bid would not be interesting for a lot of investors if the value is increasing (besides the gains of the token itself).

What is the plan with POS tokens who are traded on Blockbid are you gonna stake them and does the users get the stake rewards?



Good question Im also interested as Investor in BID in an answer, would be nice if the blockbid Team can answer this.

Great questions Smiley

We are open to adding and amending features after launch, depending on ongoing user and community feedback.

BID TOKEN METRICS:
1 BID redeemed  = 30 minutes free trading
3 BID redeemed  = 2 hours free trading
25 BID redeemed  = 24 hours free trading
500 BID redeemed  = 30 days free trading
20000 BID = unlimited free trading for as long as wallet balance is intact; no requirement to redeem.

Free trade periods will be timed from the first partial or full order execution following token redemption.

BID tokens will be accepted as listing fees from 1st July 2019 - number of BID required for the various tiers of listing yet to be determined.

Blockbid will use received tokens at our discretion, mainly as part of user referral programs.

At the end of each year, Blockbid will burn 5% of the total number of tokens received during that year.

BlockBid (OP)
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August 27, 2018, 07:13:26 PM
 #497

What AUD deposit methods are you going to support at launch?

We'll be starting with EFT (electronic funds transfer) and are also exploring additional deposit methods to be implemented after launch.

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August 27, 2018, 07:21:23 PM
 #498

Yeah it is hard to make a discernable difference in today crazy competitive market. I guess its all about making the right steps regarding this plan
BlockBid (OP)
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August 27, 2018, 08:32:29 PM
 #499

Does your future platform provide any fraud prevention measures?

Yes, we've partnered with LexisNexis-ThreatMetrix, the world's leading KYC and fraud prevention risk solutions platform. You can read about it here: https://medium.com/@blockbid/ann-blockbid-partners-with-lexisnexis-threatmetrix-1e4bc8d507f8

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August 27, 2018, 11:56:01 PM
 #500

Hello admins Is there a plan to bring INR fiat pairings in the 2nd phase
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