Token Information
Where can I purchase $BID tokens?
$BID tokens can be purchased on Uniswap. Make sure the contract you are interacting with is: 0xced90b981d15be3ec81d89038f4b55f193d224bb
When can I create a referral link?
You will be able to secure an official referral link as soon as Auctions go live. Check out our official roadmap or Telegram group for more information.
How much can I earn from referrals?
When you refer someone, you will receive 5% of their bid placed on an auction. This reward will be paid out in ETH!
We have also created a special rewards program for our Top Referrers.
Here is how it works: The top 10 referrers that refer the most 'active' users, will be placed in a rotation of "RANDOM REFERRALS". Meaning, if someone comes to the site and did not click/use a referral link, the new user will be randomly assigned one of the top 10 random referrers.
If you have what it takes to become one of the top 10 referrals, you could receive rewards from a portion of all new users.
How much liquidity was added?
The team has locked 300 ETH and 2.5m BID into Uniswap at launch.
What is the token supply?
STARTING BALANCE: 50,000,000 BIDS
Bids is a deflationary token, the total supply decreases with each transaction. We have already burned several million tokens!
Is all of the liquidity locked?
Team tokens are locked for 1 YEAR. 50% of Marketing tokens are locked, released in monthly intervals.
What was the listing price?
TOKEN LISTING PRICE
1 ETH = 4,500 BIDS (UNISWAP)
Is there any risk involved?
We will do everything we can to make this project a very successful one.
However, interested parties need to understand and accept that while we will undertake all reasonable efforts to develop and complete the DefiBids platform and obtain all necessary licences and approvals, it is possible that such a development may, partially or fully, be unsuccessful. Furthermore, BID tokens may be rendered useless and, or valueless due to technical, commercial and regulatory reasons which are beyond the direct control of the Company.
What are the rewards for the promotional campaign?
Part of our marketing strategy is to build a strong community. We will be offering contests and referral programs to create awareness of our project. We will be giving away 650,000 BIDS (1.3%) tokens to support this campaign.
Do you have a Roadmap?
Yes we do and it will be continuously updated. You can download the latest version of the roadmap here: Q4 Roadmap 2020
Do you have a Whitepaper?
Yes we do have Whitepaper. You can check it out here.
Who are the DefiBids Team Members?
The team behind the project consists of likeminded people that have been in this space for several years.
Our background is in project management, blockchain development, marketing, sales, and much more. Besides blockchain development, we have also helped create exchanges, wallets, security and smart contracts on ETH and TRX.
There are countless copy-cat smart contracts that are released daily. However, Defibids.com is one of a kind.
We choose to remain anonymous due to our location. Although we choose to remain anonymous, we will ensure that this project becomes something that is self-sustaining for years to come.
Do you plan on listing on other exchanges besides Uniswap?
Yes! Uniswap is the first step. We will be listing on several other exchanges as auction development continues.
How does the company earn money?
We receive a little revenue from each auction.
Staking Questions
How to Stake BID token?
1. Go to Staking Portal, and connect your metamask wallet.
2. Put the amount of BID you have on your Metamask wallet where is say Stake BID Tokens and click Begin Stake, confirm the transaction on metamask and your Bid is now staked.
What is benifit of staking BID token?
You will receive reward by staking BID token. 2% amount of all the transaction and trade happened in BID token will be distributed as a reward to all the stakers. Rewards will be released once in every 24 hours.
How can I get back my staked BID token?
1. Go to Staking Portal, and Put the amount of BID you want to unstake where is say Unstake BID Tokens and click End Stake and confirm transaction from metamask.
2. You have to wait for 48 hours after doing End Stake. It's a cool down period. Countdown timer will be be shown on the portal.
3. Once 48 hours waiting period is over, you can collect you BID tokens
How can I receive my reward?
Go to Staking Portal, and click on the button named Withdraw Staking Rewards, confirm transaction on metamask and your reward will be deposited to your wallet.
How can I reinvest my reward?
Go to Staking Portal, and click on the button named Withdraw ETH & Reinvest BID, confirm transaction on metamask and your ETH reward will be deposited to your wallet & BID token reward will be reinvested into Staking Portal.
Can I keep my reward in Staking Portal for several months?
Yes, you can keep your rewards in Staking Portal for upto 90 days. It is fully secure. Make sure you have to either Withdraw Reward or Reinvest Rewards at least once in 90 days.
Auction Questions
Which type of auctions DefiBids is offering?
Right now, we are offering Lowest Unique Bid auction and soon we will launch Price Reveal Auction.
What is Lowest Unique Bid (LUB) auction?
In this type of auction, bidders will be able to win large amounts of crypto for a very small bid amount.
The winner of the auction will be the bidder who bid the LOWEST amount, and having been the ONLY bidder who bid that amount.
For a more in depth explanation you can reference this link: https://en.wikipedia.org/wiki/Unique_bid_auction
You can also checkout our Lowest Unique Bid explaination video https://youtu.be/8AmN_4aGkjY
How do I sponsor an auction?
This will be a feature that will be introduced at launch.
We are currently working on building partnerships with several reputable projects in the DeFi space. We look forward to announcing our partners/sponsors as the launch date approaches. Check out our official roadmap or Telegram group for more information.
Can a user list an auction on the platform?
No. Only the company can list auctions at this time.
Customer Support
How do I contact the team directly?
If you have any questions about DefiBids, please do not hesitate to contact us! You can send us an email here: [email protected], or the fastest way to reach one of our team members directly would be through our Telegram Chat channel here: t.me/defibids
Do you have a disclaimer?
Prospective purchasers of BID tokens should carefully consider and evaluate all risks and uncertainties associated with BID, the Distributor and their respective businesses and operations prior to any purchase of BID tokens. If any of such risks and uncertainties develops into actual events, the business, financial condition, results of operations and prospects of BID and/or the Distributor could be materially and adversely affected. In such cases, you may lose all or part of the value of the BID tokens.You should consult your own legal, financial, tax or other professional adviser regarding BID and/or the Distributor and their respective businesses and operations. You should be aware that you may be required to bear the financial risk of any purchase of BID tokens for an indefinite period of time. Participants from the United States of America are excluded from purchasing BID tokens from this pre-sale. For more, you can read our Terms & Conditions