iBid

Agustus 21, 2020

real-time phased blockchain auction platform

The Online Auction platform is intended to sell goods in order to increase growth and development. Many products can be bought better and are highly efficient. The Online Auction Platform helps bring together buyers and auctioneers without using distribution channels or middlemen.

Since the beginning of the auction era in the global market, the demand for online auction platforms has increased rapidly. Due to the high demand for online Auction platforms in the global market, Many people have been ripped off, cheated, cheated, or went bankrupt. Some are victims of fraud. There is no standard platform yet on which auctioneers and buyers can trust 100%.

But the good news is here - iBid ; iBid not only identifies problems, requirements and requests, but also manages to formulate profitable solutions to ongoing problems. iBid has identified innovative solutions to most of the fast growing global trust problems in today's auction market.

With the development of blockchain technology, iBid decided to change the world of the online auction platform to ensure that it can undergo a significant change. iBid joins Blockchain to bring complete transparency and reliability to the bidding and auction process.

iBid aspires to create a global trade and service 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.

IBiD PLATFORM FEATURES

iBid operates on a decentralized platform, users have the right to register their products - services or DApps on the iBid Blockchain platform.

Individuals who contribute to the iBid ecosystem, such as token holders, will benefit from their dedication to the company.

iBid works as a non-profit model, so platform contributors will benefit from the iBid ecosystem development fund for giving.

iBid has a diverse digital asset ecosystem, full of mixed forms: decentralized exchange, Decentralized Gaming, DAPP, wallets, P2P Lending, iBid Privacy, Auctions on blockchain, etc.

IBid Market Size

The iBid development team still has a long way to go, and of course it's not an easy one.

However, if iBid can do that, the future iBid market will be huge.

Why? Looking at Ethereum today, there are over 800 tokens issued based on the Ethereum Blockchain. And this is a very young industry, just getting started.

IBid AUCTION MISSION

Offer to get your favorite items at very low prices via auctions on the iBid Platform. Build a platform for blockchain auctions to go up in real time. iBid - decentralized blockchain auction will change the bidding process, to be fair and transparent because the bidders can also oversee the auction process.

Total market capitalization of supply

Global real-time bidding (RTB) market size is growing at a Composite Annual Growth Rate (CAGR) of 32.9% over the forecast period. MarketsandMarkets predicts the size of the global RTB market will grow from USD 6.6 billion in 2019 to USD 27.2 billion in 2024, with a CAGR of 32.9% over 2019-2024. The main growth factors for the market include the rapid increase in the number of smartphone users, and a focus on improving campaign performance and increasing ROI.

IBid's VISION FOR THE FUTURE

Decentralized Ascending Auctions on the iBid Blockchain

Business model

How iBid works, like other penny auction businesses, earns most of its revenue selling bids. The offer is generally sold in different packages and sizes. The more one bidder bids, the more money the company will keep. On top of the bid value, the final unchanged price will be accepted by the company where the product was sold.

The iBid business model, where the admin will list different products on the platform for auction (you can ONLY list products if you have a Platinum plan or higher). In order to participate in auctions and bid on products, users need to buy bids from several packages. You can start with the Bronze Package which is only $ 25.

Auctions start at $ 0 and at each bid the product auction price is increased by $ 0.01. At the end of the auction, the winning user does not have to pay the final amount.

How Does iBid Make Money?

The revenue model has two parts iBid works by generating huge revenue from bids purchased from packages by users, from the platform to participating 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 promote their goods.