anggita dewi: Blockbid

Blockbid

The way most platforms only trade in certain Cryptocurrency types. This leads to multiple login credentials for each trading platform. The newest Blockbid ultra-secure exchange will allow trading of many cryptocurrencies using a single login.

Melbourne, AU, October 16, 2017, Blockbid has sent a surprise through the Cryptocurrency industry today with the announcement of a new Cryptocurrency trade exchange. Blockbid's new trading platform, powered by the highly anticipated ICO is expected to launch a beta program by the end of 2017. The Cryptocurrency market is rather fresh and the trading platform now leaves a lot to be desired, with most trades being just one type of cryptocurrency.

Blockbid is an advanced software development company with members of its team who have more than 150+ years of combined experience. The Blockbid team consists of industry leaders in ASX trading, brokers, blockchain technology, stock market research, startup and serial entrepreneurship. Blockbid cryptocurrency currency exchange will operate on Australia's fastest exchange network, with direct data connecting more than 180 co-location facilities on 5 continents. The easy-to-use front-end allows users to engage in cryptocurrency trading on the same user interface design used by Facebook, Netflix, and Dropbox, while the back-end interface is similar to that implemented by websites like PayPal, eBay, and LinkedIn.

During a recent interview, Emma Hoffman, CMO Blockbid was quoted as saying, "Blockbid is able to identify the huge needs in this market for trading platforms that will enable trading of different types of crypto coins." Blockbid is being designed to help merchants overcome three major issues, the discomfort it is necessary to sign up for various exchanges, anxiety associated with coins spread across multiple exchanges (and potentially untrustworthy), and loss of investment opportunities caused by time lapses in transferring funds between different platforms.Now with our new platform, users will can combine many of their user accounts into one easy-to-manage account at the Blockbid trade show. "

How does Blockbid Work?

Blockbid aims to solve the above problem by allowing users "to merge many of their user accounts into one easy-to-manage account on the Blockbid trade fair."

With that in mind, Blockbid promises to offer more cryptocurrency pairs and fiat currency pairs than any other platform in the world. They aim to end the practice of people who are forced to use various exchanges when trading multiple crypto currency pairs or fiat pairs.

Blockbid also aims to offer fast transaction speeds (platforms capable of processing 1 million tx / sec) and a user-friendly UI.

With that, let's take a closer look at some of Blockbid's core features.

Blockbid feature

Blockbid aims to offer all of the following features:

Fiat Currency: Blockbid will support "major fiat currencies" to enable customers from all over the world to participate more easily.
Cryptocurrency: Blockbid aims to provide more cryptocurrency pairs available for trading "than any other exchange" in the world.
Easy Access: This platform is designed for merchants of all experience levels.
Safe: Blockbid claims saving 95% of all crypto asset deposits in an offline and multi-signature hardware dome.
Best Rates: Blockbid offers 0.1% transaction fees and the lowest rates available, according to the website. In addition, those who participate in ICO can get a 100% discount for fees for the first year.
Insured: Blockbid claims that their exchange is "one of the first fully covered by cybersecurity insurance" - though it is not entirely clear what that means.
Speed: Blockbid claims that the redemption can process 1 million transactions per second.
AML / CTL Guidelines: Blockbid aims to follow AML / KKP Australia's guidelines. The 2006 Anti Money Laundering and Counter-Terrorism Act is designed to block the use of Australian money for illegal activities. Blockbid will be complied with AML / CTF guidance.

Who's Behind Blockbid?

Blockbid is led by a team that claims to have more than 150 years of combined experience. The team included, according to the official website, "one of Australia's top ASX merchants, broker specialists, renowned blockchain experts, former owners of popular stock market research sites, senior developers, and experienced legal advisors."

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

The exchange was announced online in early October 2017. In 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.

Melbourne's core Blockbid development team.

Sale of Blockbid Token The sale of blockbid token (BID) begins on October 22, 2017.

The value is set at 1 ETH = 360 BID tokens during the first week of ICO, rising to 1 ETH = 300 BID during the last week. There is 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 total token supplies are available during crowdsale. 12% is provided to founders and 8% for prizes.

How Does Blockbid Token Work?

Blockbid tokens can be used to reduce transaction costs on Blockbid exchanges. The Token holder will receive a 100% discount on transaction fees during the first year of operation, at a 50% discount every year thereafter.
Tokens will not be used on a per trade basis. Instead, a token gives you a window of time where you are allowed as many traders as you want for a discount. 1 Blockbid token gives you a 30 minute window.
Merchants can use that trading window as they please. They can accumulate multiple tokens together to extend the trading window. So, if you spend 6 BID tokens, you will enjoy no trading fees for 3 hours.

Blockbid's conclusion is a new cryptocurrency exchange ready to be launched before the end of the year. Australia-based exchanges aim to offer superior service, speed, and transaction costs compared to other exchanges in the market. It also aims to offer more fiat currency pairs and cryptocurrency pairs than any other exchange in the world.

Overall, Blockbid seems to have a very ambitious goal in mind. The company claims that its exchange can process 1 million transactions per second. Plus, Blockbid token holders do not have to pay a transaction fee. You spend Blockbid tokens, then receive a free trade for 30 minutes. After the first year, Blockbid token holders will get a 50% discount on trading fees (set at only 0.10% to get started).

In the end, if Blockbid succeeds, it can be one of the most popular and successful cryptocurrency exchanges in the world. However, there is currently no public platform available, so it is difficult to verify claims made by Blockbid at this time.

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