What is IBIDTOWIN?
The IBIDTOWIN auction floor is a Singapore 4.0 e-commerce platform which 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, Tokens themselves, and business trading based on Auctions
The 10-second countdown auction method (every time someone clicks on the auction, the 10-second loop will be counted again from the start) 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 bought, or given from the system maker.
What is the Dutch Auction?
Investigations were issued in Dutch auctions as a price discovery process where sellers of "auctioneers" started with high purchased prices and then reduced them suddenly suddenly received by the total number of bids. This type of auction is often used for initial public offerings to find the optimal price for the full number of shares issued by a company. In this process, offered for sale are offered at competitive prices, which are found by supply and demand. In our Dutch Auction, the price per Token will decrease according to the pricing formula added to our personal placement memorandum.
How Does the Dutch Quadrant Token Auction Work?
As we mentioned before, Quadrant will sell about 20% of the common stock, in the form of Quadrant Tokens, in Quadrant Token Sale. Quadrant Sales The Quadrant consists of two components, Private Pre-Sales and Dutch Public Auctions. In Pre-Sales, we will sell about 10% of Quadrant's common stock, which can reach around 10,000,000 Quadrant Tokens. In the Dutch Auction, we will sell all Tokens that were not sold during Pre-Sales, as well as 10,000,000 additional Tokens. (So, for example, if 8,000,000 Quarter Tokens are sold during Pre-Sales, 12,000,000 Tokens will be sold during the Auction.) The auction will run for two weeks - the bidding will start with an ETH price roughly calculated at $ 10 per Token.
Why the Dutch Auction?
Two reasons: price approval and discovery. In the Dutch Auction, each bidder has complete visibility about the total available supply, current prices, and price changes according to time. Each bid can bid for any amount at the price they believe to be the correct price, and each bid is visible, so that each subsequent bidder benefits directly from bid information to make new decisions about the correctness of the price. This is a classic example of open and transparent market activation that efficiently facilitates price discovery.
Raiden Choosing a Dutch auction transfer puts us in a good "crypto company", because it is similar to Raiden's token, which was completed at the end of last year. Not surprisingly, the Raiden team stated: "We assess the efficiency and certainty of participation while giving the most important rating to increase the Raiden token (RDN). Therefore we chose a uniform Dutch auction price as the format."
Dutch Auction Technology and Blockchain. Dutch auctions will be conducted and denominated in ETH. This is perfect for the blockchain, because successful bidders will receive their tokens with an ETH imbalance, without involving "Wall Street" transfer agents or accepting others,
After the auction is over, the Token will be managed on the Ethereum blockchain, which we believe will give the Company and our investors superior security and efficiency.
It doesn't matter if you have money or a little money, as long as you click on the auction and the next 10 seconds nobody clicks on the auction, the product will be yours (either IP 11, or camry car), all of this is very possible (test on this floor).
Mission
Offers to get your favorite items at very cheap prices by auctioning the iBid Platform
Build platform for real-time auctions, ride the blockchain
iBid - the decentralizing blockchain auction will transform the bidding processes, become fair and transparent as the bidding parties are also able to supervise the auction processes.
New blockchain
We choose to use blockchain technology because blockchain is, indeed, perfectly relevant to our project as it answers some security requirements that traditional auctions can not currently guarantee.
New Decentralization
The data about each auction is stored in the blockchain The blockchain data is stored in multiple places Every computer that stores a copy of the blockchain must approve each addition, protecting against unauthorized changes If any information about the bid changes, the digital signature would change as well This enables everyone to be able to verify bid information
New bidding
This is intrinsic part of the blockchain, can solve several issues that are inherent to traditional auctions, including the fact that:
They are not transparent. Bidders have no way to ensure the origin, authenticity and legitimacy of a higher bid, bidding history is made trackable and verifiable by anyone.
Current auctions are not open, because of the very essence of their centralization. Bidders must use the organizer's platform. This is not the case with iBid Blockchain as it can be used solely for its blockchain layer if necessary. Interoperability is the key. And this is what iBid Blockchain brings.
ROL TOKEN
Voting allows 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 Overcoming Internal and individual economic problems is one of the most important tasks of IBID tokens
IBid tokens are used as a fee gateway for you to use specific functions of the ecosystem.
For more information about this project you can see the link I made below:
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
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