A decentralized cryptocurrency exchange that will combine the power of advance auction with freelance hiring working perfectly with the blockchain technology is a platform that BIDIUM seeks to produce.
This platform has a huge plan to help buyers and sellers save their time since everyone is aware of the limited period of 24 hours to bid for any product.
### THE BACKGROUND OF THE EXISTING MARKET OPPORTUNITY.
The exchange platform has evolved because of a vast research that has been made known over prominent portals, the background of this available concept is sub-divided into two parts;
• An overview of the bidding market: As much as sellers depend greatly on this method, there is an impending risk involved.
Using this method, the accessibility of any seller can be restricted or completely banned.
• The market overview w of freelance platform: Freelance happens to be a job that has flexible working periods. There is usually a mutual agreement between the two parties about when and how the project will be carried out.
### THE EXISTING PROBLEMS OF THESE EXISTING DOMAINS.
There is an absence of transparency in the acquisition of skills.
• The customer support is very poor.
• The period of transaction usually takes a longer time.
• There is also a probability of false transactions.
### Bidium Marketplace Provides a Foundation for Future Excellence.
This marketplace is a decentralized bidding one and it built on the blockchain technology, it will be a digital revaluation that will be able to combine the power of an advance auction with the hiring of freelance and a crypto exchange exiting on the blockchain platform.
### Bidding Marketplace Platform Provides Cryptocurrency Exchange.
Cryptocurrencies have been able to scale through multiple issues and it is known to serve as a payment method for different stores and vendors.
• Cryptocurrency has become acceptable to our daily lives.
• Cryptocurrency has been able to provide solutions to numerous problems.
• Cryptocurrency has helped in the mitigation of economic risks.
### BIDIUMS PROVIDE A FREELANCE PLATFORM.
Another great function that Bidium hopes to offer is a self-regulatory decentralized marketplace which will be specially used for freelancers and clients.
The involvement of marketplace will be established between two parties and smart contracts which will ensure a smooth transaction between parties which does not involve any third party.
### ABOUT BIDM TOKEN.
The BIDM token is used by Bidium to ensure a second peer-to-peer transaction and this means that there will be no need for third parties which includes banks and government.
The BIDM technology provides an easy interface with light and fast trading.
50% of the obtained revenue from trading fee will be rewarded among all holders of the BIDM token, they are stored in the BIDIUM wallet, if the tokens are fixed in a slot period. There is usually no transaction fee used for the transfer of BIDM between the users and only a percentage of 0.05% trading fee will be charged.
In situations where an individual has BIDM, a percentage of 0.01% trading fee will be charged, an offline wallet will be used to store BIDM securely and the token gotten will be useable to bid products on the BIDM marketplace.
The tokens obtained can be used to obtain reward from BIDIUM exchange platform, the value of the coins could be stored on a Mac for PC and a wallet could be created with a digital wallet system which will support the Bidium token, this will give you the free ability to choose and transfer the value of coins to the market platform, it will serve as a means of payment for goods and services.
### ADVANTAGES AND IMPORTANT FEATURES OF BIDIUM.
• The existence of decentralization, every available data and multimedia uploads will be stored properly on the blockchain.
• A good functionality, this will make transactions to be carried out by customers at their own convenience.
• It will operate a cost-effective service, the BIDIUM token will be cost-effective and the level of time wastage will be minimized.
• The payment will be an immediate one, this platform will enable the immediate transfer of money with an opportunity of smart regulated contracts.
• There will be a peer to peer payment service, this will be the method of payment that will be made available on the platform, and the method will be fast, free and easy as well. Direct transfers will be made without the involvement of a middleman.
• The availability of a secure wallet, the platform will make use of an integrated mobile wallet which will be basically used for the sending and receiving of payments.
• Every user will be required to have a BIDIUM token blockchain address that is effectively working, this available wallet will be able to accommodate standard tokens.
The BIDIUM technology made available will as well enable users to be able to carry out transactions without stress straight from their accounts.
## BIDIUM ICO DETAILS.
### ALLOCATION OF FUNDS.
45% will go for development, 30% will go to marketing. The execution of legal procedures will receive 5% of the fund and 15% will be given to reserve. 5% of the total fund will be allocated to the management which will include advisors and founders.
### SPECIFICATIONS.
The Token name will be Bidium.
The Ticker is BIDM.
The Total supply will be 1,000,000,000 BIDM.
The ICO started on the 25th of May, by 12 pm 1ST.
The ICO will end on the 23rd of June by 12 pm 1ST.
The token price (crowd sale) is 0.02USD.
The currencies accepted is BTC and ETH.
The minimum purchase limit will be 50 USD.
The maximum purchase limit will be 10000 USD.
The ICO soft cap will be 3 Million USD.
The ICO hard cap will be 10 Million USD.
The remaining tokens left unsold will be destroyed.
### DISTRIBUTION OF TOKENS.
80% will be for crowd sale.
5% will be for advisors.
3% will be for the founder and it will be locked for 1 year.
10% will be kept as reserved (2% will dilute every year.)
### THE PRE-ICO.
The special offer for the first day will have 100%
For the first week, the bonus will be 20%.
For the second week, the bonus will be 10%.
For the third week, the bonus will be 5%.
There will be no bonus for the fourth week.
There will be a referral bonus of 25%.
### FINAL CONCLUSION.
This Bidium platform will provide an opportunity for buyers to make purchase only by bidding and this will be with the aid of cryptocurrency exchange and a platform where employers will be able to hire a freelancer with the aim of more than 10 coins, this coins will include Bidium, Bitcoin, Ethereum, Litecoin and other coins.
Technical devices will give investors the opportunity of benefiting from a marketplace without a centralized location and this is only made possible because of the Bidium market structure.
With the presence of a decentralized bidding market, buyers will be provided with access to different bids and they will as well be given the opportunity of a direct transaction with sellers instead of a centralized authority.
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### SOURCES
Website: https://bidium.io/
Whitepaper: https://bidium.io/assets/documents/Whitepaper-Bidium-3.0.pdf
Facebook: https://web.facebook.com/bidium
Twitter: https://twitter.com/bidiumofficial
Telegram: https://t.me/Bidium
Ann: https://bitcointalk.org/index.php?topic=3302414.0
Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4