Blockbid

ABOUT BLOCKBID

Blockbid is an ultra-secure exchange with the goal of facilitating the highest volume of trades for the most cryptocurrencies with a single login. Blockbid is being designed to help traders overcome three main issues; the inconvenience of needing to sign up to multiple exchanges, the unease associated with having coins scattered across multiple (and potentially untrustworthy) exchanges, and missed investment opportunities caused by time lapses in transferring funds between different platforms. Blockbid Tokens: Each token provides a 100% discount off the 0.1% flat fee.

FEATURES

Fiat Currencies – Blockbid will support mainstream fiat currencies for more diverse trading.

Cryptocurrency – Blockbid will facilitate trading of more coins on a single platform than any other exchange.

Easy Access – Our platform has been built to support traders of all experience levels.

Secure – 95% of all crypto asset deposits are stored in an offline multi-signature hardware vault.

Best Rates – With flat 0.1% transaction fees, Blockbid offers the lowest rates available.

Insured – Our exchange is one of the first to be fully covered by cybersecurity insurance.

Speed – Our exchange is built from the ground up to be scalable up to 1 million transactions per second.

Compliant – Our exchange operates in accordance with Australian AML/CTF guidelines.

GLOBAL STRATEGIC PARTNERS

The companies we have chosen as our partners are of the most promising and innovative in their respective fields. We know they will be great assets in the direction and growth process of Blockbid.

AFFILIATIONS

We are aligning ourselves with associations who are committed to fostering the growth of the global cryptocurrency and blockchain community with integrity and transparency.

WHO’S BEHIND BLOCKBID?

Blockbid is led by a team that claims to have over 150 years of combined experience. That team includes, according to the official website, “one of Australia’s top ASX traders, a brokerage specialist, well known blockchain experts, a former owner of a popular stock market research website, senior developers and experienced legal advisors.”

Key members of the team include Ben Sapper (CEO), Gabriel Govinda (Director), Matt Youill (CSO), Toby Tremayne (CTO), and Emma Hoffman (CMO).

The exchange announced itself online at the beginning of October 2017. By Q4 2017, they aim to complete beta testing, with a public launch scheduled for Q1 2018. Fiat currency trading will launch in Q3 2018, and mobile app trading will launch in Q4 2018.

The core Blockbid development team is based in Melbourne.

THE BLOCKBID TOKEN SALE

The Blockbid token (BID) sale starts on October 22, 2017.

The rate is set at 1 ETH = 360 BID tokens during the first week of the ICO, rising to 1 ETH = 300 BID during the last week. There’s a minimum contribution amount of 0.1 ETH and a maximum contribution of 100 ETH per transaction.

Blockbid has set a soft cap of 1 million tokens. No more than 30 million Blockbid tokens will be created.

80% of the total supply of tokens is available during the crowdsale. 12% is reserved for the founders and 8% for bounties.

HOW DO BLOCKBID TOKENS WORK?

Blockbid tokens can be used to reduce transaction costs on the Blockbid exchange. Token holders will receive a 100% discount on transaction costs during the first year of operation, with a 50% discount every year thereafter.

The tokens will not be used on a per-trade basis. Instead, the tokens give you a time window during which you’re permitted to trader as many times as you like for a discount. 1 Blockbid token gives you a 30 minute window.

Traders can use that trading window however they like. They can stack multiple tokens together to extend the trading window. So if you spend 6 BID tokens, you’ll enjoy no fee trading for 3 hours.

CONCLUSION

Blockbid is a new cryptocurrency exchange preparing to launch before the end of the year. The Australian-based exchange aims to offer superior service, speed, and transaction fees compared to other exchanges on the market. It also aims to offer a greater number of fiat currency pairs and cryptocurrency pairs than any other exchange in the world.

Overall, Blockbid seems to have very ambitious goals in mind. The company claims its exchange can process 1 million transactions per second. Plus, Blockbid token holders won’t need to pay transaction fees. You spend a Blockbid token, then receive free trading during a 30 minute window. After the first year, Blockbid token holders will get a 50% discount on trading fees (which are set at just 0.10% to begin with).

Ultimately, if Blockbid is successful, it could become one of the world’s most popular and successful cryptocurrency exchanges. However, there’s no publicly available platform at the moment, so it’s hard to verify the claims made by Blockbid at this point.

TECHNICAL INFO

Technical details: Ethereum erc20 standard token. The source code: The code of the product is not available. Proof of developer: Public team.

ROADMAP

ICO (October)
Blockbid is an ERC20 compliant token based on the Ethereum blockchain. Blockbid smart contract and tokens will launch on 22nd of October 2017
EARLY ACCESS Q4 2017
Beta testing and product refinement stage. Early access members will receive 0% transaction fee as a reward for joining. To sign-up for early access, subscribe on the Blockbid website

EARLY ACCESS

Beta testing and product refinement stage. Early access members will receive 0% transaction fee as a reward for joining. To sign-up for early access, subscribe on the Blockbid website

PUBLIC LAUNCH Q1 2018
Ultra-secure platform running on Australia’s fastest exchange network to facilitate up to 1 million transactions per second, with security built from the ground up. Fully compliant with Australian AML/CTF Ac

PUBLIC LAUNCH
Ultra-secure platform running on Australia’s fastest exchange network to facilitate up to 1 million transactions per second, with security built from the ground up. Fully compliant with Australian AML/CTF Act

FIAT TRADING Q3 2018
Blockbid will support trading of a wide range of mainstream fiat currencies for ease of access

FIAT TRADING
Blockbid will support trading of a wide range of mainstream fiat currencies for ease of access

MOBILE EXCHANGE Q4 2018
Launch Blockbid app as a mobile exchange platform with personal private key wallet

MOBILE EXCHANGE
Launch Blockbid app as a mobile exchange platform with personal private key wallet

TEAM