IBID is Singapore's e-commerce (E-commerce) platform
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.
IBid auction mission
Bargain to get your favorite items at super cheap prices by bidding on the iBid platform.
Build a platform for phased real-time blockchain auctions.
iBid - Decentralized blockchain auctions will change the bidding process, to be fair and transparent as bidders can also monitor the auction process.
Direct exchange of financial value (listings, transactions and service fees) from large companies such as Airbnb, Craigslist, Postmate, ... to individual buyers and retailers.
The exchange of financial and strategic values (combining internal data about customers and transactions) from the same company to the entire ecosystem.
Create new financial value for participants who contribute to the development of the platform (for example, building new technology for the iBid platform and introducing new users and businesses).
Built on open databases, distribute and share data to promote transparency and collaboration.
IBid floor features
Blockchain Platform: iBid operates on a decentralized platform, users have the right to publish their products - services or DApps on the iBid Blockchain platform.
Individuals who contribute to the iBid ecosystem such as token holders will benefit in proportion to their dedication to the company.
iBid serves as a non-profit model, so contributors to the platform will benefit from the iBid ecosystem development fund for awards.
iBid has a diverse digital asset ecosystem, with various forms of decentralization: decentralized exchanges, decentralized games, DAPPs, wallets, P2P lending, iBid privacy, auction on blockchain, etc.
IBid floor market size
The iBid development team still has a long way to go, which is not an easy one.
However, if iBid can do it, the future market for iBid is huge.
Why? Looking at Ethereum today, there are more than 800 tokens released based on the Ethereum Blockchain.
And this is a very young industry, it's all just the beginning.
The future value of the iBid floor
Users on the iBid platform are not charged any fees.
Full ownership of private databases in the iBid ecosystem.
Profit sharing model of the company.
Providing quality services and products is not for profit.
Total auction market capitalization
The size of the global real-time auction market (RTB) will grow at an annual growth rate (CAGR) of 32.9% over the forecast period.
The market forecasts that the global RTB market size will increase from US $ 6.6 billion in 2019 to US $ 27.2 billion in 2024, with a CAGR of 32.9% in 2019. Key market growth includes increasing number of smartphone users and a focus on improving performance campaign and increased RoI (business return ratio).
Business model
The way iBid operates, like any other auction house, generates most of its revenue by selling bids. Offers are often sold in a variety of packages and sizes. The more people bid, the more money the company will make. In addition to the bid value, the final unchanged price will be accepted by the company where the product is sold.
The iBid auction platform business model, where the administrator will list various products on the platform for auction (you can only provide a product list if you have a Platinum package or higher) from).
To participate in auctions and product offers, users need to purchase offers from multiple packages. You can get started with the Copper Pack for as little as $ 25.
Auctions start at $ 0 and each product auction increases by $ 0.01. At the end of the auction, the winning user does not pay the final amount.
Working on what platform?
Currently, it works on the web and Android & iOS mobile devices
How do iBid auctions make money?
The income model has two parts:
Works in a way that generates huge revenue from bids purchased from packages by users, from the platform to participating in auctions in different compartments. Simultaneously with encouraging repeat bid purchases. The winner does not need to pay for the product
Apart from that, he also makes money from sponsors who want to promote their goods.
Opportunity to make money
Gift from the friend matrix
The gifts from the friend matrix are built in 3 x 20 (up to 20 levels).
You only need to invite 3 members.
If you invite 4 or more members, they will be automatically assigned to the new level, from left to right under level 1.
However, you still get 46.25% of the 4th member or more if you invite them directly. But if they don't, you only get 6.25% of them.
Income up to 46.25%
Currently there are 8 packages
Members can upgrade to a higher plan while maintaining revenue from the lower plan. When you start building the system, you can immediately receive 46, 25% of the income from Level 1 and up
50% of revenue when building system to level 8.
In addition, you will receive a 10% BID reward (from the Platinum Package) for joining games and offers. This model can run permanently, with 8 packages, the system gives members amazing income.
How to calculate your income
If each person only recruits 3 people in each Package
Calculate income in gold packages
Calculate income in the Platinum package
Why do you need to upgrade to a Platinum package?
10% iBid token reward, not available in lower packages.
Participate in the iBid profit sharing program, get the benefits of business activities.
List of products on the iBid auction floor.
Demand is high and supply decreases. - List of DApps.
IBid investment package
Why is the iBid floor becoming the new auction trend?
Profit up to 46.25%.
It's easy to get started with just $ 25 but can earn up to $ 15,000.
IBid tokens are used on the Ethereum Blockchain. The mainnet will be launched on June 20, 20, and iBid tokens will be converted into iBid coins used in the iBid ecosystem.
iBid will be generated over a 10 year period, with 16% generated in the first year, 29% in 4 years and 61% in 5 years. A total of 100,000,000 (one hundred million) iBid coins will be created. The spent IBid on the network will be redistributed to the iBid owner. 100% of tokens will be distributed to the community.
The role of the iBid Token
Voting is possible with a list of DApps, products and services in the iBid ecosystem. You have the right to decide which projects iBid will fund and reject
Exchange rates in the iBid ecosystem. Creating and maintaining an internal and personal 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 certain ecosystem functions.
The future of iBid Tokens
Payments for services and goods provided by iBid service providers and distributors.
IBid tokens can allow owners to enrich the user experience in the iBid ecosystem.
Exchange with other parasitic tokens on the Ibid platform
For example, iBid members will have the right to enrich their customer experience by using their token to add attention-grabbing advertisements or other services to the iBid platform.
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