IBIDTOWIN

IBIDTOWIN 

 platform e-commerce 

iBid aspires to create a global trade and services 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 a new e-commerce floor using Blockchain technology, the Token itself, and Auction based businesses

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 performs the auction operation for the product within 10 seconds will belong to the last person to place 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 carried out in Dutch auctions as a price discovery process where 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 public offerings to find the optimal price for the number of shares issued by a company. In this process, an offer 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 formula added to our personal placement memorandum.

How Does the Dutch Quadrant Token Auction Work?

As we mentioned earlier, Quadrant will sell approximately 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, Private Pre-Sale and 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 Quarterly 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 available bids, the current price and the prices change over time. Each bidder can bid any amount at what they believe is the right price, and each bid is visible, so that each subsequent bidder benefits 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 efficiently facilitating price discovery.

Raiden Choosing a Dutch transfer auction placed 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 and 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 Companies 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 nobody 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 item at an incredibly low price 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 bidders can also supervise the auction process.

New blockchain

We chose to use blockchain technology because blockchain is highly relevant to our project because it meets 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 Every computer that stores the blockchain must have every addition, protecting against unauthorized changes If there is information about bid changes, the digital signature will also change. This allows everyone to verify information from

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. Bidders have no way of ensuring authenticity, authenticity and higher validity of bids, bid history is made traceable and compiled by people.

The auction is currently not open, due to the essence of its centralization. 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.

ROL 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 Solving Internal and Individual Economic Problems 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?

Revenue model has two parts iBid works by generating huge revenue from bids purchased from packages by users, from platforms to 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 get the goods.

How many floors is the iBid auction?

The IBID auction floor is an e-commerce platform (E-commerce) Singapore 4.0 which will be launched in early June 2020 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.

IBid Token

• 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:

 Website: https://www.ibidtowin.com 

 IBid Promotion Desk: https://ibidtowin.com/iBid-Pitching-Desk.pdf   

Bounty ANN: https://bitcointalk.org/index.php?topic=5259948.0   

Telegram: https://t.me/ibidtowin_co 

by ;ahjushi

link: https://bitcointalk.org/index.php?action=profile;u=2579936