Blockbid - More Coins - More Trades - One Exchange
Blockbid is an ultra-secure cryptocurrency trading
platform with the goal of facilitating the highest volume
of trades from most cryptocurrencies on one platform,
with a single login.
Trade all of the top coins on one exchange
Ease of access - catering to new and experienced traders
Security from the ground up
Operating in accordance with AML/CTF Act
Lowest transaction fees to reduce the cost of trading
Each blockbid token provides a 100% discount off the 0.1%
- Trade with the highest number of cryptocurrencies available on one exchange
Low cost transaction fees
- All cryptocurrency assets are insured
- Fully compliant with Australian AML/CTF Act
- All funds are secured by multi-signature wallets
- Operating on Australia's fastest exchange network
- Scalable up to 1 million transactions per second
- First Australian cryptocurrency exchange to operate
- under AFSL guidelines
- Ultra-secure platform using latest security protocols and designs
Our developers stay up to date with the latest
technological advances and are at the forefront of
innovation. We are committed to providing our users
with cutting-edge utility and scalability.
If you’re interested in taking part in our beta
tests, subscribe on the Blockbid website by
clicking here and receive early access to test
Feedback is important to us. We are always on
the look out for enthusiastic users who share
our passion and want to test our technology.
- Front-end built on the latest fluid UI designs, which
are also used by Facebook, Instagram, Netflix,
Whatsapp, Dropbox and more
- Back-end built on the latest secure designs, which
are also used by Uber, Paypal, Linkedin, Ebay,
Yahoo and more
- Direct datalink to 180+ co-location facilities on 5
continents with a history of 99.99999% uptime
Fastest secure network operating on Australia's
- fastest gigabit network to deliver maximum
bandwidth at all times
- Ultra-secure platform using latest security
protocols and designs
Blockbid tokens will be made available for sale on the 22nd of October, and can be purchased via
Ether. The funds raised from the ICO are for the purpose of platform development and funding
expansion due to user growth. If you'd like to participate in the sale and purchase tokens, click here.
HOW CAN BLOCKBID TOKENS BE USED ON OUR EXCHANGE?
Blockbid tokens can be used on the Blockbid exchange to reduce the transactional costs of trading on our
markets by 100% during year 1, and a 50% discount thereafter. The Blockbid tokens are not used on a per
trade basis. Rather, the Blockbid tokens will give you a time window whereby you will be permitted to
trade as many times as you like for a discount. The discount period is as follows:
1 Blockbid = 30 minute window
How you utilize this discount window is entirely up to your discretion. If you have determined that you
need more than 30 minutes for your given trading window, simply use more than 1 token at any given
time. There is no degradation on token use, meaning if you use 10 tokens at once that will be:
10 x 30 minutes = 5 hours
HOW DO I PURCHASE BLOCKBID TOKENS?
Blockbid tokens will be for sale at our ICO. Users can transfer ether to the address we will provide in
exchange for Blockbid tokens. The ICO value of Blockbid tokens will be:
Week 1: 1 ETH = 360 BID
Week 2: 1 ETH = 340 BID
Week 3: 1 ETH = 320 BID
Final Week: 1 ETH = 300 BID
The minimum contribution is 0.1 ETH and the maximum is 100 ETH per transaction.
Blockbid will also host a commission-free market on our exchange, whereby users can exchange their
Blockbid tokens at the current market value for other cryptocurrencies.
SOFT & HARD CAPS
The soft cap for the Blockbid ICO is 1 million tokens. In the event that the Blockbid ICO does not achieve
this amount, we will provide further information on how you can withdraw back your funds.
No more than 3 million Blockbid tokens will be created and we will not be accepting more payments if
this token count is achieved.
HOW ARE THE GENERATED TOKENS DISTRIBUTED?
The generated tokens will be distributed at a rate of 80:20 between general sale and Blockbid. From
Blockbid's 20%, founders and team members will retain 12% and 8% will be available for bounties and
rewards post-ICO. This means that for every 1 coin in circulation, Blockbid will receive 0.2 (20%) of coins
minted. 15% of of all funds raised during the ICO will be kept in cold storage.
USE OF PROCEEDS FROM ICO
Proceeds raised from the ICO will be used to fund platform development and expansion due to user
growth. In the chart below, "Security & Infrast" refers to security and network infrastructure.