IBIDTOWIN

IBID





What is IBIDTOWIN
The IBIDTOWIN auction floor is a Singapore 4.0 e-commerce platform 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, Tokens themselves, and trading businesses based on
the 10-second auction countdown auction method (every time someone clicks on the auction, the 10-second loop will be counted again from the start.) Until no one presses on the operation the auction 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? Investopedia defines Dutch auctions as a price discovery process where sellers of "auctioneers" start with high asking prices and then reduce them gradually until the cumulative bids received cover the entire bid amount. 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, it is possible to sell the quantity intended at competitive prices, which is found by the forces of supply and demand. In our Dutch Auction, the price per Token will decrease according to the pricing formula described in our personal placement note.
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 around 10% of Quadrant's common stock, which amounts to 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 Quadrant Tokens are sold during Pre-Sales, 12,000,000 will be sold during the Auction.) The auction will run for two weeks - the bidding will start with an ETH price of roughly equivalent to $ 10 per Token,
Why the Dutch Auction? Two reasons: transparency and price discovery. In the Dutch Auction, each bidder has complete visibility regarding the total available supply, current prices, and price changes over time. This mechanism achieves price discovery - each participant can bid for any amount at the price that they believe to be the correct price, and each bid is visible, so that each subsequent bidder directly benefits from bid information in making his own decision about the correctness of the price. This is a classic example of an open and transparent market mechanism that efficiently facilitates price discovery.
Raiden Choosing a Dutch auction mechanism puts us in a good "crypto company", because it is similar to the launch of the Raiden token, which was completed at the end of last year. Not surprisingly, the Raiden team stated: "We value the efficiency and certainty of participation while providing certainty of valuation as the most important property for the launch of the Raiden token (RDN). That's why 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 be able to claim their tokens in return for ETH, without involving "Wall Street" transfer agents or other intermediaries,
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 a lot of 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) .
Use the blockchain to contribute to the transparency of auction products and bidders.
The IBID auction floor operates according to the auction format as in the example above, i.e., the user will use Point to click on the product auction.
Points will be bought with money and very cheap
Products on the floor are all types of AZ, such as Amazon, can be uploaded by users.
Imagine, you can bid a car that costs tens of thousands of dollars with only a few dozen clicks at a very low price, sometimes only equal to a few hundred dollars.
Exchange will send the product to you, don't worry.
TOKEN ROLES
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 maintaining an internal and individual economy is one of the most important tasks of the IBID token
The iBid token is used as a cost gateway for you to use certain functions of an ecosystem.

Bidding Mission to get your favorite items at very low prices by auctioning the iBid Platform
Build a platform for real-time auctions, ascending blockchain
iBid - a decentralized blockchain auction will change the bidding process, be fair and transparent because the bidding party can also oversee the auction process .
The new blockchain
We chose to use blockchain technology because it is indeed very relevant to our project because it addresses several security requirements that cannot currently be guaranteed by traditional auctions.
New Decentralization
Data about each auction is stored on the blockchain. Blockchain data is stored in many places. Every computer that keeps a copy of the blockchain must approve every addition, protecting it from unauthorized changes. If there is information about the bid change, the digital signature will change as good. This allows anyone to be able to verify information
offer. New offer.
This is an intrinsic part of the blockchain, which can solve several problems inherent in traditional auctions, including the fact that:
They are not transparent. Bidders do not have a way to ensure the origin, authenticity, and legitimacy of higher bids, the history of offers can be tracked and verified by anyone.
Auctions are not currently open, because of the essence of their centralization. Bidders must use an organizer platform. This is not the case with iBid Blockchain because it can be used only for the blockchain layer if needed. Interoperability is the key. And this is what brought iBid Blockchain.
Why does iBid use a multi-level marketing model?
If the iBid auction operates in a traditional system, we have to pay a lot of money for Google, Facebook, etc. to build a solid community like eBay, eBid, etc. which is very expensive to create a fair game for users. But if iBid runs on a new model, users start with only $ 25 but can get up to $ 15,000 from the system. In addition, when using iBid to bid, users have the opportunity to win many products at very cheap prices compared to market value.

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