[ANN] Blockbid ICO — More coins, more trades, one exchange

Bringing Stockmarket Exchange Quality and Convenience to Cryptocurrency Trading

CURRENT PROTOCOLS & ISSUES

At present, cryptocurrencies are scattered across multiple exchanges, which means that users are often required to sign up to multiple platforms. This causes inconvenience and trust issues for users, as well as missed trading opportunities due to time lapse whilst funds are in transit between different exchange platforms

OUR SOLUTION

Blockbid is an ultra-secure cryptocurrency trading platform with the goal of facilitating the highest volume of trades from the most cryptocurrencies on one platform. No more having to register and login to several exchanges or use poor quality exchanges just because they are the only platform to list a coin you have researched and wish to purchase.

Listing will be free for all coins, and in addition, we will proactively approach the teams behind each current coin and new coins as they are created to arrange listing.

We also plan to solve the inconvenience of needing one provider to exchange fiat to Bitcoin/Litecoin/Ethereum, and another to purchase and trade the hundreds of smaller altcoins, by accepting fiat currencies directly.

CORE OBJECTIVES

Trade all CoinMarketCap coins with an up to date blockchain on our exchange
Ease of access — catering to new and experienced traders 
Security built from the ground up
Operating in accordance with AML/CTF Act
Low fee, feature rich, intuitive trading platform

WHY BLOCKBID?

Trade with the highest number of cryptocurrencies available on one exchange
Low 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

SECURITY

Our developers stay up to date with the latest technological advances and are at the forefront of innovation. We offer our users cutting-edge security, utility and scalability.

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 other global corporations.

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.

We hold ourselves to highest standards of public trust in maintaining user integrity and operational transparency. All funds are secured by multi-signature wallets.

The Blockbid exchange and all cryptocurrency assets will be insured and protected against cyber attacks. Blockbid is a fully compliant and registered company based in Australia.

BLOCKBID TOKENS

Each token provides a 100% discount off the 0.1% flat fee. Blockbid is an ERC20 compliant token based on the Ethereum blockchain. Blockbid smart contract and tokens will launch on 22nd of October 2017

ROADMAP SUMMARY

Q4 2017 Beta testing and product refinement stage. Early access members will receive 0% transaction fees for 1 month post public launch as a reward for assisting us during beta testing. To sign-up for early access, subscribe on the Blockbid website www.blockbid.com.au

PUBLIC LAUNCH Q1 2018

Ultra-secure platform running on Australia’s fastest exchange network to facilitate up to 1 million transactions per second, with security built from the ground up. Fully compliant with Australian AML/CTF Act.

FIAT TRADING Q3 2018

Blockbid will support trading of a wide range of mainstream fiat currencies for ease of access.

MOBILE EXCHANGE Q4 2018

Launch Blockbid app as a mobile exchange platform with personal private key wallet.

FURTHER DEVELOPMENT

NFC Payments: In-wallet payment platform for blockchain assets. Blockbid will give you access to digital currency anytime, anywhere for your everyday payments.

Decentralised Exchange: P2P decentralised trading via the Blockbid wallet.

THE OPPORTUNITY

Total cryptocurrency market cap in excess of $145 Billion USD. In the past 12 months alone, the size of market has grown from $11.3 billion to a height of $180 billion USD for a 1265% increase.

600% user and 640% transaction increase in past 4 months. Trade volume is between $2 — $4 billion USD per 24 hours.

DRIVERS OF FUTURE GROWTH

Financial institutions showing willingness to integrate blockchain technology
E-Commerce adoption of cryptocurrencies as payment method
Opportunity for cryptocurrencies to be recognised and treated as formal currencies
Only 1% of the population currently investing in cryptocurrencies and the market has reached a height of $180 billion — imagine the size of the industry and transaction revenue when 5% or 10% are investing.

As financial institutions, e-commerce businesses and governments start moving towards cryptocurrencies, they will become more commercialised and the 1% of people will grow exponentially, which will lead to an influx of future investment and market growth.

PROOF OF CONCEPT

Billions of dollars are traded on various exchanges every day with commissions being changed per transaction. Cryptocurrencies are being acknowledged by the masses as the future of financial liquidity and a faster, cheaper solution for transferring money globally.

BENEFITS OF USING BLOCKBID TOKENS ON OUR EXCHANGE

Blockbid tokens can be used on the Blockbid exchange to reduce the transaction costs of trading 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.
In addition, buying and selling Blockbid tokens on our exchange will be free.

HOW TO PURCHASE BLOCKBID TOKENS

Blockbid tokens will be for sale at our ICO which you can participate in by entering your email under the Join ICO section of our website www.blockbid.com.au

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
Week 4: 1 ETH = 300 BID

The minimum contribution is 0.1 ETH and the maximum is 100 ETH per transaction.

Final BID per ETH ratio will be adjusted according to ETH price to ensure cost per BID in USD terms is no higher than it would be at a USD$250 ETH price. Blockbid will endeavour to lock final Blockbid token price as close to $1USD = 1 BID. Participants will receive a MINIMIM 8–20% bonus during initial weeks of ICO.

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, all participant funds will be promptly refunded.

No more than 30 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.

USE OF FUNDS

Proceeds raised from the ICO will be used to fund platform development and expansion coinciding with anticipated strong user growth. 15% of of all funds raised during the ICO will be kept in cold storage.

WHAT HAPPENS TO THE BLOCKBID TOKENS ONCE YOU’VE USED THEM?

We will redistribute all of the redeemed tokens back to the Blockbid trading community free of charge in the form of rewards. Some examples of rewards can be in the form of referrals or continued support of our exchange.

PARTICIPATION

If you are a citizen or resident of The People’s Republic of China or any entity formed under the laws of The People’s Republic of China (each a “Chinese Person”), you are not able to participate in the ICO sale. Likewise, you are not able to purchase Blockbid Tokens on behalf of a Chinese Person. For full terms and conditions please download our whitepaper from www.blockbid.com.au

BLOCKBID TEAM

Our team is comprised of leaders in their field, with over 150 years of combined industry experience, a wealth of knowledge and vision for the future. Our team includes one Australia’s top ASX traders, a former owner of a popular stock market research website, legal advisors and recruitment specialists. We will stay active and close to the trading and investing community at all times, and provide frequent and clear updates and announcements.

Ben Sapper
CEO
Accomplished entrepreneur who has founded many successful companies. Currently involved in the operation of several companies affluent commercial businesses.

Gabriel Govinda
Director
Highly respected Australian Stock Exchange trader/investor, and former owner of a popular stock market research website.

Matt Youill
CSO
Experienced software engineer with 20+ years experience in betting and financial services- including CTO and Betfair

Toby Tremayne
CTO
Senior Full-stack developer with a plethora of experience leading technical teams from some of the worlds biggest companies

Emma Hoffman
CMO
Market + Serial Entrepreneur with two successful exists — Listed in Top 50 Australian Female Entrepreneurs under 40 list

Bernard Peh
Blockchain Expert 
Senior software developer and Blockchain expert who has developed technology for some of the worlds largest companies

Rudi Yardly
Senior Front End Developer
Head Software Engineer at one of Australia’s largest websites

Chris Demaria 
Network Security Engineer 
Specialising in cloud computing, network design and security

Daniel Mechaea
Data Scientist 
An experience data analyst and system engineer

Hunain Aslam
Web Developer
UI/UX analyst and software engineer

Jeremy Kinstlinger
Brokerage Specialist 
Head of Retail FX at Gleneagle Securities & Global Prime

We hold ourselves to highest standards of social responsibility in maintaining integrity and operational transparency. Our relationships are built on trust, passion for what we do, and a belief in clear communication. Blockbid will offer unrivalled user support, and we will be available at all times to answer any questions, resolve issues, and listen to ideas and feedback.

FAQ

Can I participate in ICO with a cryptocurrency other than ETH?
Unfortunately not. Blockbid tokens are sent via our smart contract to the wallet address it received ETH from.

Which wallet should I use for my Blockbid Tokens? 
Blockbid Tokens are an ERC20 standard so it can be stored on various Ethereum based wallets, such as Mist, Parity, MyEtherWallet or MetaMask.

Can I send ETH from my exchange wallet? 
No, don’t send ETH to your exchange wallet as you may not be able to receive your tokens.

Interested in Blockbid but don’t want to participate in the ICO?
Subscribe to our mailing list via our website www.blockbid.com.au to stay updated with all of Blockbid’s latest news and announcements.

GET IN TOUCH

Email: info@blockbid.com.au
Website: www.blockbid.com.au
Whitepaper: https://blockbid.com.au/assets/documents/blockbid_whitepaper.pdf
Twitter: @blockbid_io
Facebook: facebook.com/blockbid
Telegram: https://t.me/joinchat/C5go9A9sMT8ss14UOkPIHA
GitHub: https://github.com/Blockbid