IBid

IBid review of the e-commerce platform

iBid aspires to create a global trade and service database platform, with nearly zero transaction fees worldwide. The iBid common currency will be the main payment currency in this ecosystem. iBid aims to become the main platform in the field of decentralized applications (DApps), such as Ethereum and Cardano.

What is IBIDTOWIN?

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 this new e-commerce floor uses Blockchain technology, the Token itself, and trading business based on Auction

The 10 second countdown auction method (every time someone clicks on the auction, the 10 second round will be counted again from the beginning) until no one launches the auction operation for the product within 10 seconds will belong 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?

Investigations are issued at Dutch auctions as a price discovery process in which the seller's "auctioneer" starts with the high purchase price and then subtracts the amount suddenly received from the total bid. This type of auction is often used for initial public offerings to find the optimal price for the total number of shares issued by a company. In this process, offered for sale is offered at a competitive price, which is determined by supply and demand. In our Dutch Auction, the price per Token will decrease according to the price formula added to 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 the Quadrant Token Sale. The Sales Quadrant The Quadrant consists of two components, the Private Pre-Sale and the Dutch Public Auction. In Pre-Sales, we will sell around 10% of Quadrant's common stock, which can amount to 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 Quarter Tokens are sold during the Pre-Sale, 12,000,000 Tokens will be sold during the Auction.) The auction will run for two weeks - the bidding will start with the ETH price which is roughly calculated at $ 10 per Token.

Why Dutch Auction?

Two reasons: price agreement and discovery. In the Dutch Auction, each bidder has complete visibility of the total bids available, the current price and the price changes over time. Each bidder can bid any amount at what they believe to be the correct price, and each bid is visible, so that every subsequent bidder benefits directly from the bid information to make new decisions about the correctness of the price. This is a classic example of open and transparent market activation which efficiently facilitates price discovery.

Raiden Choosing a Dutch transfer auction put us in a good "crypto company", as it is similar to the Raiden token, which was finalized at the end of last year. Not surprisingly, the Raiden team stated: "We assess the efficiency and certainty of participation as well as provide the most important rating to increase Raiden token (RDN). Therefore, we chose a uniform auction price in the Netherlands as the format."

Dutch Auction Technology and Blockchain. The Dutch auction will be conducted and use the ETH currency. It is perfect for blockchain, because successful bidders will receive their token with an ETH imbalance, without engaging the "Wall Street" transfer agent or accepting anyone else,

After the auction is over, the Tokens will be managed on the Ethereum blockchain, which we believe will provide our Company and investors with superior security and efficiency.

It doesn't matter if you have money or a little money, as long as you click the auction and in the next 10 seconds no one clicks the auction, the product will be yours (either IP 11, or camry car), all this is possible (test on this floor).

Mission

Offer to get your favorite items at very low prices by auctioning the iBid Platform

Build a platform for real time auctions, ride the blockchain

iBid - decentralized blockchain auction will change the bidding process, to be fair and transparent as the bidders can also oversee the auction process.

New blockchain

We chose to use blockchain technology because blockchain is very relevant to our project because it addresses several security requirements that traditional auctions cannot currently guarantee.

New Decentralization

Data about each auction is stored on the blockchain Blockchain data is stored in multiple places Each computer that stores a copy of the blockchain must approve each addition, protecting against unauthorized changes If there is information about bid changes, the digital signature will change as well This allows everyone to be able to verify bid information

New offer

It is an intrinsic part of the blockchain, solving some of the problems inherent in traditional auctions, including the fact that:

They are not transparent. The bidder has no way of ensuring authenticity, authenticity and higher validity of bids, the bid history is made traceable and verified by anyone.

The auction is currently not open, because of the essence of its centralization. The bidder must use the organizing platform. This is not the case with the iBid Blockchain as it can be used only for its blockchain layer if necessary. Interoperability is key. And this is what iBid Blockchain brings.

ROL TOKEN

Voting enables a list of DApps, products and services in the iBid ecosystem. You have the right to decide which iBid will sponsor and reject the project.

Exchange rates in the iBid ecosystem. Creating and Troubleshooting the internal and individual economy is one of the most important tasks of the IBID token

The IBid token is used as a fee gateway for you to use ecosystem specific functions.

How Does iBid Make Money?

The revenue model has two parts iBid works by generating huge revenue from bids purchased from packages by users, from the platform to participating in auctions in various stacks. Along with encouraging repeat bid purchases. The winner will not pay for the product. In addition, iBid also gets it from sponsors who want to promote their goods.

What is the iBid auction floor?

The IBID auction floor is an e-commerce platform (E-commerce) Singapore 4.0 will be launched in early June 2020. It will be like Ebay or Amazon, or like Shopee or Lazada in Vietnam

It aspires to create a global database of transactions and services. With almost zero transaction fees worldwide. The common currency will be the main payment currency in this ecosystem. And they aim to become a major platform in the field of decentralized applications (DApps), such as Ethereum and Cardano.

market value.