Topic: [ANN] BIDBits | Blockchain Digital Auction Platform | Dynamic Bidding System (Read 1993 times)
September 08, 2018, 03:10:00 AM
Instead of an auction to the room to participate in the auction and bring their products to go auction, with this project we can sit at home and still be able to learn about products you want to auction. This project too is convenient for those who want to attend the auction participants are busy even when not out. Great project.
July 12, 2018, 03:43:10 PM
The project looks multifarious. But how will the conversion take place and on what exchanges in the future or is it an ocher bubble that bursts?
July 12, 2018, 02:38:12 PM
You hacked my account. Don't invest in this project.
August 09, 2017, 06:34:10 PM
Whitepapers make the world go round 
Looking forward to solid update!
Looking forward to solid update! 
August 09, 2017, 06:32:13 PM
How about we get some roadmap or whitepaper, details are a bit sparse at the moment.
Invest because of profit potential, not cause of some fancy looking roadmap / whitepaper.
August 09, 2017, 05:41:31 PM
How about we get some roadmap or whitepaper, details are a bit sparse at the moment.
August 09, 2017, 05:36:50 PM
Decentralised on ERC20 would work nicely. Can't recommend it otherwise. Could be interesting use case if the existing penny auction sites decide to go this route but it's highly doubtful as that would expose their fraudulent activity.
This might be the opportunity to slot into this niche.
This might be the opportunity to slot into this niche.
August 09, 2017, 05:30:31 PM
I've won some penny auctions in the past but my problem with them is the sites run bots that essentially bid up the prices really aggressively and artificially inflate the prices as well as make everyone bidding spend more of their tokens. If you guys came up a way to make the bid process transparent on the blockchain this would be a killer application!
Same experience, this is actually the whole point of these bidbits I think. I'm not sure if penny auctions are in 'fad' right now though so it remains to be seen how popular this can be.
August 09, 2017, 05:26:43 PM
I've won some penny auctions in the past but my problem with them is the sites run bots that essentially bid up the prices really aggressively and artificially inflate the prices as well as make everyone bidding spend more of their tokens. If you guys came up a way to make the bid process transparent on the blockchain this would be a killer application!
August 09, 2017, 05:23:44 PM
What's the nominal value you propose for the token? Are we looking at ERC20 token or something else?
August 09, 2017, 05:21:52 PM
When's the crowdsale happening? Time to hedge into alts now that BTC is headed for uncharted territory
August 08, 2017, 07:47:33 PM
I've had quite some experience with penny auctions before, this is actually a great use case for a token!
August 05, 2017, 10:27:29 AM
Hmmm will be looking forward to see your roadmap dev, if I'm honest - You want to encourage people to support by showing a well thought out plan. Keep it as simple as possible and I am sure you will get a bigger following 
August 05, 2017, 10:26:13 AM
Please reserve French Traduction. Thanks
RE all translations - We will review these once our final details have been posted. Little point in getting them done at this stage.
August 05, 2017, 10:25:19 AM
Hi all, thanks for all your support so far.
We have managed to appoint a couple of community managers and developers to get this project moving.
A roadmap, ICO details and detailed walk through of the bidding process will be out shortly.
I understand there are quite a few queries but rest assured we are working towards a real product and will address all related questions soon. The new community managers will be briefed and run a QA session in a few weeks.
Thanks for your patience and ongoing support!
We have managed to appoint a couple of community managers and developers to get this project moving.
A roadmap, ICO details and detailed walk through of the bidding process will be out shortly.
I understand there are quite a few queries but rest assured we are working towards a real product and will address all related questions soon. The new community managers will be briefed and run a QA session in a few weeks.
Thanks for your patience and ongoing support!
August 05, 2017, 10:24:50 AM
Please reserve French Traduction. Thanks
August 05, 2017, 10:22:26 AM
definitely want in on this! If I can sell some digital art that would interesting.
OP have you considered using some kind of smart contract system to make sure the sellers have been verified / legitimate digital content?
How would one be penalised if they sold fake keys or invalid accounts etc.
Good luck with the project and hope to hear more!
OP have you considered using some kind of smart contract system to make sure the sellers have been verified / legitimate digital content?
How would one be penalised if they sold fake keys or invalid accounts etc.
Good luck with the project and hope to hear more!
July 31, 2017, 06:31:11 PM
Kinda sounded like a derivative of penny auctions to me. Though a true p2p system with calculated fees to keep the network and economic structure would be pretty awesome.
July 31, 2017, 10:32:08 AM
Yes, I agree.
I have this time and time again recently where companies offer bonus schemes or limited period incentives before developing a long term implementation for users.
I think the main thing here though is to combat collusion and provide a profitable a fair system for all to partake. It can feel a little daunting for new users but focus on building your community first is key. Run some giveaways and interesting incentives - I can see this taking off!
I have this time and time again recently where companies offer bonus schemes or limited period incentives before developing a long term implementation for users.
I think the main thing here though is to combat collusion and provide a profitable a fair system for all to partake. It can feel a little daunting for new users but focus on building your community first is key. Run some giveaways and interesting incentives - I can see this taking off!
July 31, 2017, 10:27:01 AM
Thinking about this a little more, auctions are quite an interesting system and I am really looking forward to something that offers proof of bidding.
The market dynamics will keep people hooked on both bidding and selling imo. It seems dev wishes to provide some gamification to the proposed platform and give value to all users. This is an encouraging proposal which I feel would benefit from some economic trials.
I would urge the dev to push forward a road map and even consider running special events that tweak certain dynamics of the bidding process to trial community interaction.
Good luck, and I look forward to hearing more!
The market dynamics will keep people hooked on both bidding and selling imo. It seems dev wishes to provide some gamification to the proposed platform and give value to all users. This is an encouraging proposal which I feel would benefit from some economic trials.
I would urge the dev to push forward a road map and even consider running special events that tweak certain dynamics of the bidding process to trial community interaction.
Good luck, and I look forward to hearing more!
July 25, 2017, 08:39:54 AM
Watching this. Hit me up with a roadmap and im in!
July 20, 2017, 07:31:30 AM
Hindi translation reserved
July 20, 2017, 07:24:27 AM
Is the underlying token used for making bids? Or is it the collateral ?
July 18, 2017, 04:43:47 AM
Well, to those who are not sure of their bidding dynamics, it seems to me it follows some sort of penny auction style bidding with blockchain proof.
The seller and platform basically gain from tokens being spent to bid and this is distributed to a winner. Im interested to know how they will combat collusion and other attacks. An interesting model indeed.
The seller and platform basically gain from tokens being spent to bid and this is distributed to a winner. Im interested to know how they will combat collusion and other attacks. An interesting model indeed.
July 18, 2017, 04:32:54 AM
This might be one to look out for. A question to OP though, how exactly will this differ to traditional auctions like ebay to give items at lower prices while benefiting the seller and platform?
I think ive misunderstood something...
I think ive misunderstood something...
July 18, 2017, 04:28:57 AM
Thanks for the initial interest. We're currently ironing out our release schedule for the token and also accepting applications for people wishing to join our team of developers.
We are looking for the following :
Network Architect
Blockchain Architect
Full Stack Web developer
Community Manager
If you have the skills and would like to join this project, please let me know.
We are looking for the following :
Network Architect
Blockchain Architect
Full Stack Web developer
Community Manager
If you have the skills and would like to join this project, please let me know.
Very interested in the project and happy to help out with community once you guys get started. Pm me if you need a hand with setting up slack etc.
Looking forward to a novel approach to blockchain auctions!
July 12, 2017, 11:34:15 AM
Thanks for the initial interest. We're currently ironing out our release schedule for the token and also accepting applications for people wishing to join our team of developers.
We are looking for the following :
Network Architect
Blockchain Architect
Full Stack Web developer
Community Manager
If you have the skills and would like to join this project, please let me know.
We are looking for the following :
Network Architect
Blockchain Architect
Full Stack Web developer
Community Manager
If you have the skills and would like to join this project, please let me know.
July 12, 2017, 11:06:53 AM
Hello, reserve Russian translation for me. Thanks.
Reserve Italian translate for me. Thanks.
July 12, 2017, 10:55:50 AM
I hope we have windows wallet soon ,Dynamic Bidding System is good project or not , i need see roadmap what i can't see it now , hope dev can update to i see it and can invite it .
July 12, 2017, 10:44:21 AM
Yes I agree above. Sone more details about the platform and your distribution protocol is important. A sound economic model will lead to a projects success.
A whitepaper. Roadmap and marketing strat will go a long way if youre in the for the long run. Hope to see more deets soon.
Doc.
A whitepaper. Roadmap and marketing strat will go a long way if youre in the for the long run. Hope to see more deets soon.
Doc.
July 12, 2017, 10:30:57 AM
I wonder what items I can offer on this site? If I could auction off soke of my digital accounts like steam or something that would be interesting. Maybe digital subscription acccounts?
July 12, 2017, 10:18:49 AM
Interesting idea, but we need more details
Agreed, this seems like an interesting dynamic if theres a level of transparency to be implemented. Perhaps a little more detail in the form of a document will be useful?
July 08, 2017, 10:54:33 AM
BidBits is a digital auction platform that aims to give users exciting and unique buying opportunities. The platform will host a number of digital markets from which users will be able to offer their own goods to market participants. BID is exclusive to token holders and will serve as an exclusive bidding token.
Sellers will be able to list their digital items for sale on the BID platform. A security deposit will be required for each listing. Deposits will be released when all transactions have been completed and verified. – Additional feedback and verification dynamics to be introduced.
Users will be able to offer a plethora of digital items including digital art, game skins, keys and much more. Categories and dedicated markets will be developed over beta testing period as we refine bidding processes.
How this is works?Sellers will be able to list their digital items for sale on the BID platform. A security deposit will be required for each listing. Deposits will be released when all transactions have been completed and verified. – Additional feedback and verification dynamics to be introduced.
Users will be able to offer a plethora of digital items including digital art, game skins, keys and much more. Categories and dedicated markets will be developed over beta testing period as we refine bidding processes.
Because i seen this like regular market sale with BIDBits as collateral payment system.
July 08, 2017, 10:34:26 AM
Waiting for more info on this project. And the links/website since it is a digital auction platform, where we can view the available digital items.
July 08, 2017, 08:59:34 AM
Hello, reserve Russian translation for me. Thanks.
July 08, 2017, 08:58:13 AM
Intresting idea,
So we can use this coin to bid and pay it using bid or btc,and can you tell me where is the place ? Any kind website or something like that to start an auction later on?
Also,it is an icos or pow ? (Most likely icos because we use it as a payment later on)
Looking forward and awating for more information about your project
So we can use this coin to bid and pay it using bid or btc,and can you tell me where is the place ? Any kind website or something like that to start an auction later on?
Also,it is an icos or pow ? (Most likely icos because we use it as a payment later on)
Looking forward and awating for more information about your project
July 08, 2017, 07:53:10 AM
reserve indonesian translation if needed
July 08, 2017, 07:52:29 AM
BidBits
BidBits is a digital auction platform that aims to give users exciting and unique buying opportunities. The platform will host a number of digital markets from which users will be able to offer their own goods to market participants. BID is exclusive to token holders and will serve as an exclusive bidding token.
Marketplace
Sellers will be able to list their digital items for sale on the BID platform. A security deposit will be required for each listing. Deposits will be released when all transactions have been completed and verified. – Additional feedback and verification dynamics to be introduced.
Users will be able to offer a plethora of digital items including digital art, game skins, keys and much more. Categories and dedicated markets will be developed over beta testing period as we refine bidding processes.
Bidding
All Auctions will be priced in USD $ and will start from a base price of $0.01. Participants will spend BID tokens to submit votes on the Blockchain. Successful confirmation will record order of bids and will raise the final payment value by the seller defined amount. Bidding will continue until closing date.
The final minutes of the bidding process will activate the extension period in which buyers may pay a premium on their token bid to extend bidding time (a quota will be enforced to ensure bidding closure). Bidding will close when no extension of time has been given or maximum extension time reached.
Final balance to be paid in BID or BTC.
Token Specifications
Supply - 42 Million BID
Annual Stake: 9%
Minimum Stake Maturity: 1 Hour
Token Offering Process
TBA
Wallets
TBA
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