Overview of iBiD
iBid aspires to create a global trading and service database platform, with almost zero transaction fees worldwide. The iBid common currency will be the main payment currency in this ecosystem. iBid is aiming to become a major platform in the field of decentralized applications (DApps), such as Ethereum and Cardano.
FEATURES OF iBiD PLATFORM
iBid operates on a decentralized platform, users have the right to list their products — services or DApps on the iBid Blockchain platform.
Individuals who contribute to iBid’s ecosystem such as token holders will gain profit which is appropriate to their dedication to the company.
iBid works as a non-profit model, so the contributors of the platform will gain benefit from iBid ecosystem development fund to award.
iBid has a diverse digital asset ecosystem, full of mixed forms: Decentralized exchange, Gaming Decentralize, DAPP, wallet, P2P Lending, iBid Privacy, Auctions on blockchain, etc.
iBid Market Size
The iBid development team still has a long way to go, and certainly, it is not an easy path.
However, if iBid can do that, the future market of iBid is extremely large.
Why? Looking at the current Ethereum, there have been over 800 token which are issued based on Ethereum Blockchain. And this is an industry that’s still very young, it’s just beginning.
FUTURE VALUE OF iBid
- Users on the iBid platform do not incur any expenses.
- Full ownership of personal database on the iBid ecosystem
- Profit sharing model from the company.
- Providing quality services and products is not for profit
iBid TOKEN
Ticker: iBid Token Price: 1 iBid = 1 USDT Total supply: 100.000.000 Role of Token: Utility
iBid token is used on Ethereum Blockchain. Mainnetis going to be lauchedon 06/2021 and iBidtoken will be converted to iBid coin which is used in iBidecosystem.
iBid will be generated over a period of 10 years, with 16% being generated in the first year, 29% within 4 years, and 61% within 5 years. A total of 100.000.000(one hundred million) iBidcoin will be generated. iBidspent on the network will be redistributed to iBidholders. 100% token will be airdrop for community.
TOKEN ROLES
Voting allows the list of DApps, products and services in the iBid ecosystem. You have the right to decide which iBid will sponsor and reject projects.
Exchange value in the iBid ecosystem. Creating and maintaining an internal and individual economy is one of the most important tasks of IBID tokens
iBid tokens are used as a fee gateway for you to use certain functions of an ecosystem.
TOKEN FUTURE
- Payment for services and goods provided by service providers and merchants on the iBid network.
- The iBidtoken can allow the owner to enrich user experience within an iBid ecosystem. For example, iBidmembers will have the right to enrich their customers’ experienceby using their tokens to add ads or other attention-grabbing services on the iBidplatform.
- Exchange with other tokens that parasitize on the iBidplatform
iBid Platform ROADMAP
- June 2020: iBiD Auctions on Blockchain
- March 2021: Testnet iBiD
- June 2023: Mainnet iBiD
- August 2021: Cross-platform wallet release
- December 2021: Intergrating iBiD token for payment on many 4.0 e-commerce platforms
- January 2022: Notice of iBiD specifications
- April 2022: Allow Dapp listing on iBiD platform
- September 2022: iBiD decentralized trading platform
MISSION OF iBid AUCTIONS
Bidding to get your favorite items extremely cheap prices by auction on iBid Platform. Build a platform for real-time, ascending blockchain auctions. iBid — the decentralizing blockchain auction will transform the bidding processes, becoming fair and transparent as the bidding parties are also able to supervise the auction processes.
The total market capitalization of bidding
The global real-time bidding (RTB) market size to grow at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period. MarketsandMarkets forecasts the global RTB market size to grow from USD 6.6 billion in 2019 to USD 27.2 billion by 2024, at a CAGR of 32.9% during 2019–2024. Major growth factors for the market include rapid increase in the number of smart phone users, and a focus on improved campaign performance and increased RoI.
iBid VISION FOR FUTURE
Business Model
How iBid works, just like another penny auction business, earns most of the revenue by selling the bids. The bids are generally sold in packages and different sizes. The more one bidder bids, the more money will be banked by the company. On top of the value of the bids, the unalterable final price will be received by the company at which the product is sold.
The iBid business model, where the admin will list different products on the platform for auction (you can ONLY list products if you have Platinum or higher packages). To participate in the auction and place a bid on the product, a user will need to purchase bids from some packages. You can start with Bronze Packages which only $25.
An auction starts from $0 and on each bid product auction price will be increased by $0.01. At the end of the auction, the winner user do not have to pays the final amount.
How does iBid Make Money?
The revenue model has two parts iBid works in a way to generate major revenue of the bids purchased from packages by users, from the platform to participate in the auction in different stacks. Along with encouraging repetitive bid purchasing. The winner will not pay for the products Besides, iBid also earns from sponsors who wants promote their items.
Income calculation in Gold Packages
Income calculation in Platinum Packages
Conclude
As a new model that created a trend in the second half of 2020, the IBID e-commerce project (IBID auction) promises to bring a boom in sales for the first leaders to join the group.
Contact information iBiD
Website: https://www.ibidtowin.co/
Telegram: https://t.me/ibidtowin_co/
Support: https://support.ibidtowin.com/
Author
Bitcointalk username: Rafaandika
Bitcointalk profile:
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