[ANN] Blockbid: 90% Reduction in Coin Supply

[thelastofas]

Will there be transaction charges in the system? If so, how big will they be?

[BlockBid]

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%

[kicauklaten]

The reduction of the coins from 30 million to just 3 million, that is really big change but with that number of the supply, it should have a good exchange value for the coins, that way it will be a good thing for any token holder.

[termonator61]

What documents have I to provide to verify my account in Blockbid?

[BlockBid]

That will depend on what level of verification you choose, similar to Bittrex

[alcoholbtc]

What protocols will you use to protect the platform? Is it likely that cybercriminals will be able to access personal information of users?

[blackbitum]

Will Users that take part in testing the project receive any bonuses in the future? If so, which bonuses are provided?

[kobzar]

Good afternoon! Are there any restrictions on the maximum purchase of tokens for the entire ICO period? If so, how many tokens can one person buy?

[nicolasbit]

Will you return the invested funds to the investors if at the end of the ICO the soft cup level is not reached?

[kentuckykid]

Why did you decide to reduce the number of tokens issued? Will it positively affect the further increase of their prices?

[i-synthestech]

what are soft and hard caps now?
what will be done with the unsold questions?

[Immer]

Has the software level decreased or has it remained the same after changing the amount of token emission?

[rocketbit48]

Hello! The cost of one token remains the same or has it changed?

[BlockBid]

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.

[Mops]

If the funds collected from the sale of 3 million tokens is not enough to run the platform, how will you find additional money?

[BlockBid]

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

[AurihanGB]

Can I use the MEW wallet to buy BID tokens on the ICO?

[arakx]

How do you plan to make crypto-currency  trading as much available as it is possible for ordinary traders?

[BlockBid]

Can I use the MEW wallet to buy BID tokens on the ICO?

Yes MEW is probably the easiest and best

[BlockBid]

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