So SuperBid basically social auction application that connects users with their fans and helping to launch auctions. What innovations does your project bring?
Our initial concept and idea is this (it could change as we progress) — transactions on the final version of the app will be conducted with SuperBid “points” which can be purchased on the app. Our idea is to peg the value of “points” to a percentage of the SuperBid token itself. “Points” will be used for bidding on auctions and raffles within the app. The reason why we want to utilize points is to attract the mainstream — instead of requiring extensive knowledge of how to acquire cryptocurrencies in general, we want a user to be able to purchase “point” packages with their credit cards. For example, I can sign up for a $10 package which will get me 100 “points’’, or a 50$ package which might get me 600 “points”
Our idea is points will be associated with the token supply itself. Our app will be the perfect application of blockchain considering the amount of users that we want to attract and amount of transactions that will be conducted in micropayments out to auctioneers / influencers when a bid is placed or raffle made.
Furthermore, we are thinking about incorporating some cool features such as gamifying the app.
For example, if you hold a certain amount of points and for a certain amount of time, you might be placed in a higher bracket which could give you bonus points or priority in making bids (as a user) / being seen by fans (as an influencer). We like to think of this kind of as a google ad network where the higher bracket which you are in, the higher likelihood you have of winning an auction or going viral within the app, if you are an influencer. We will counter this by allowing users to participate in raffles and perhaps have separate benefits for the “micro” influencers or people that simply want to try out the app just to see if they have potential in growing their following on social media.
Again, these details are being worked out daily. Our first version of the app is being built now. A user will not require any knowledge of blockchain in order to use the first version. As I mentioned, user’s simply will be able to connect a credit card to buy points and then make bids. We will most likely make the app public while it is still in the test phase, so that our community can test it out and provide feedback.
So in summary, here’s the deal.
