The IBIDTOWIN auction floor is a Singapore e-commerce platform 4.0 that will be launched in early June 2020, in the form of Ebay or Amazon. The difference is that the new e-commerce floor uses Blockchain technology, the Token itself, and Auction-based businesses
The auction method counts down 10 seconds (every time someone clicks on the auction, the 10 second round is counted again from the start) until no one presses the auction operation for the product within 10 seconds, the product belongs to the last person to click on the auction. People will bid based on Points (range $ 0.13 = 1 Point), each click you will lose 1 Point
Points can be purchased, or awarded from system builders.
What is a Dutch Auction? Investopedia defines auction as the process of finding the price at which the seller "auctioneer" starts with the price from the Netherlands and gradually decreases it until the cumulative bid is received by the entire bid amount. This type of auction is often used for public offerings in order to get the optimal price for the total number of shares issued by a company. In this process, it is possible to sell the quantity desired at the competitive price found by supply and demand. In our Dutch Auction, the price per Token will decrease according to the correct price formula in our personal placement memorandum.
How Does the Dutch Quadrant Token Auction Work? As we mentioned earlier, Quadrant will sell around 20% of the common stock in the form of Quadrant Tokens in Quadrant Token Sales. The Token Sales Quadrant consists of two components, Private Pre-Sales and Dutch Public Auctions. In Pre-Sales, we will sell around 10% of Quadrant common stock, which is estimated to be around 10,000,000 Quadrant Tokens. In the Dutch Auction, we will sell all Tokens that were not sold during the Pre-Sale, as well as an additional 10,000,000 Tokens. (So, for example, if 8,000,000 Quadrant Tokens were sold during the Pre-Sale, 12,000,000 would be sold during the Auction.) The auction will run for two weeks - the bidding will start with an ETH price of around $ 10 per Token,
Why Dutch Auction? Two reasons: transparency and price discovery. In the Dutch Auction, each bidder has complete visibility of the total available bids, current prices, and changes in price over time. This mechanism achieves price discovery - each participant can bid for any amount at a price they believe is the right price, and each bid is viewed, so that each subsequent bidder benefits from the information of making their own decision about the right one. price. This is a classic example of an open and transparent market that facilitates efficient price discovery.
Raiden Choosing a Dutch auction placed us in a good "crypto company", as it was similar to the Raiden token, which expired last year. Not surprisingly, the Raiden team stated: "We value efficiency and service certainty as the most important properties for checking Raiden tokens (RDN). Therefore we chose uniform auction prices in the Netherlands as the format."
Dutch Auction and Blockchain Technology. The Dutch auction will be conducted and use the ETH currency. It is perfect for blockchain, as successful bidders will claim their tokens with ETH imbalance, without involving "Wall Street" transfer agents or other intermediaries,
After completing the auction, the Token will be managed on the Ethereum blockchain, which we believe will provide superior security and efficiency for our Company and investors.
It doesn't matter if you have a lot of money or a little money, as long as you click the auction and the next 10 seconds nobody clicks, the product will be yours (either IP 11, or camry car), all this is possible (test on this floor).
Use blockchain to contribute to the transparency of auction products and bidders.
The IBID auction floor works according to the auction format as in the example above, where users will use Points to click on products.
Points will be bought with money and are very cheap
All floor types from AZ, such as Amazon, are accessible to the user.
Imagine, you can bid on a car that costs tens of thousands of rupiah in just a few tens of clicks at a very low price, sometimes the equivalent of a few hundred rupiahs.
The exchange will send the product to you, don't worry.
Mission
Offer to get your favorite items at very low prices via auctions on the iBid Platform
Build a platform for blockchain auctions to improve in real time
iBid - Decentralized Auction Blockchain will change the bidding process, to be fair and transparent because the bidders can also benefit the auction process.
New blockchain
We chose to use blockchain technology because blockchain is very relevant to our project because it addresses some security requirements that traditional auctions cannot guarantee.
New Decentralization
Data about each auction is stored on the blockchain. Blockchain data is stored in many places. Every computer that keeps blockchain records must provide every addition, protecting it from invalid changes. If there is information about a bid change, the digital signature will change for the better. This allows everyone to be able to verify the information on the offer
New offer
It is an intrinsic part of the blockchain, capable of solving some of the problems inherent in traditional auctions, including the fact that:
They are not transparent. The bidder has no way of ensuring the authenticity, authenticity and validity of the bid, the bid history which is accessible and accessible to anyone.
The auction is currently not open, because it is essentially centralized. The bidder must use the organizing platform. This is not the case with the iBid Blockchain as it can only be used for its blockchain layer if necessary. Interoperability is key. And this is what iBid Blockchain brings.
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Why does iBid use a tiered marketing model?
If the iBid auction is successful in the traditional system, we will have to spend a lot of money on google, facebook, etc. To build a solid community like eBay, eBid, etc. Which costs a lot of money to make a fair game for the user. But if iBid runs on the new model, users start at just $ 25 but can earn up to $ 15,000 from the system. Also, when using iBid to bid, users have the opportunity to win many products at very low prices compared to market value.
THE ROLE OF THE TOKEN
Voting activates a list of DApps, products and services in the iBid ecosystem. You have the right to decide which iBid will reject and reject the project.
Exchange rates in the iBid ecosystem. Creating and writing internal and individual economics is one of the most important IBID tasks
The iBid token is used as a gateway for you to use certain ecosystem functions
market value.
Token iBid
Ticker: iBid
Token Price: 1iBid = 1USDT
Total supply: 100,000,000
Token Token: Utility
Roadmap iBid
For more information on iBid. Follow iBid on their social media accounts:
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