The Online Auction Platform is intended to sell goods to increase growth and development. Many products can be purchased better and very efficiently. 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 100% trust.
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 online auction platforms to ensure that it can undergo significant changes. iBid joins the Blockchain to bring complete transparency and reliability to the bidding and auction process.
iBid aspires to create a global trade and services 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 contributors to the platform will benefit from the iBid ecosystem development fund to give.
iBid has a diverse digital asset ecosystem, full of mixed forms: decentralized exchange, Decentralized Games, 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 easy.
However, if iBid can do it, the future iBid market will be huge.
Why? Looking at Ethereum today, there are more than 800 tokens issued based on the Ethereum Blockchain. And this is a very young industry, just getting started.
MISSION AUCTION IBid
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 as bidders can also supervise the auction process.
Total market capitalization of the offer
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 market's main growth factors include the rapid increase in the number of smartphone users, and a focus on improving campaign performance and increasing ROI.
IBID VISION FOR THE FUTURE
Decentralized Ascending Auction on iBid Blockchain
Business model
How iBid works, like any other money auction business, gets most of its revenue from its sales bids. These offers are generally sold in various packages and sizes. The more one bidder bids, the more money the firm will save. On top of the bid value, the final unchanged price will be received 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). To participate in auctions and bid on products, users need to purchase bids from multiple 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 platforms to participating in auctions across multiple 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.
Calculation of income in the Gold Package
Income calculation in the Platinum Package
Platform ROADMAP iBid
June 2020: iBiD Auction on Blockchain
March 2021: Testnet iBiD
June 2023: iBiD Mainnet
August 2021: Cross-platform wallet release
December 2021: Integrate the iBiD token for payments across many e-commerce 4.0 platforms
January 2022: notification of the iBiD specification
April 2022: Allow list of Dapps on iBiD platform
September 2022: Decentralized trading platform iBiD
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