BIDIUM

Introduction

IDIUM is a decentralized cryptocurrency exchange which combines the power of Advance Auction with Freelance Hiring on top of Blockchain Technology. It acts as a bidding marketplace for buyers to purchase by bidding and a freelance platform to employers, who are looking to hire freelancers. The transaction could be made with the aid of more than 10 coins. The exchange accepts BIDM (Bidium native token), Bitcoin, Ethereum, Litecoin and other coins that will be announced at a later stage.

The platform offers buyers and sellers the opportunity to save time as there is a limited time period of 24 hours to bid for any product. This will provide sellers an assurance of getting authorized buyers only, which in turn prevent their products from being blocked by malicious buyers. In addition to this the freelance platform will give both freelancers and employers the opportunity to use our native coin by paying only 0.1% charges while the use of another coin will attract 1% charge.

The platform offers an adequate exchange solution along with an effective freelance platform backed up with an interactive interface to make it a delightful experience for the users. The platform facilitates light and fast trading technique with 50% generated revenue from trading. The revenue will be distributed among all BIDM token holders i.e. usually stored on the BIDIUM wallet. There is no transaction fee for the transfer of BIDM tokens between BIDIUM platform users. In addition to this, only a 0.05% trading fee will be charged on exchange platform and it will be further reduced to a 0.01% trading fee for BIDM token holders. An offline wallet will be developed to store BIDM securely. The BIDM token will also be used to bid for products on the BIDIUM marketplace.

Bidding Marketplace Overview

Research indicates that 34.3% of eBay sellers earn under $10,000 in a year while at Amazon it’s only 9% sellers. In addition to this, just 3.9% of eBay sellers make above a million dollars in a year as compared to 16.7% of Amazon sellers. Research also highlights that only 2.1% of sellers make above $10 million revenue in a year from Amazon marketplace.

Problem Domain

The online bidding trend inherits various problems that service providers need to worry about. Problem domain includes

BIDM Token

Bidium uses the BIDM token to ensure a secured peer-to-peer transaction and hence there is no need for third parties such as Banks or government. Our technology provides an easy interface with light and fast trading. 50% of the revenue from trading fee is usually rewarded among all BIDM token holders that are stored on BIDIUM wallet if they fixed their tokens in a slot period. There is no transaction fee for the transfer of BIDM between BIDIUM platform users and only a 0.05% trading fee is charged. In a scenario where you have BIDM, a 0.01% trading fee will be charged. Bidium provides offline wallet to store BIDM securely and the token can be used to bid for products on the BIDM marketplace.

Decentralization: BIDIUM is proposed as a completely decentralized exchange by utilizing already existing blockchain application. All data and multimedia uploads will be stored on the blockchain. Decentralization allows the use of network on peerto-peer basis. Each individual user of Auction and Freelance platform will have their own copy of data.

Peer to Peer Payment services: Peer to Peer payment service seems to be the most popular and updated form of payment. Other payment services are also trying to create this type of payment. The Bidium platform offers an effective and simple peer to peer payment that is fast, free and easy. Peer to Peer gives the opportunity of making a direct transfer without involving any middleman.

Secure Wallet: BIDIUM uses integrated mobile wallet which is basically for the receiving and sending of payments. This shows that you will be able to transfer funds for payment of goods and services in the bid marketplace in a secured and improved manner without requiring any document or possessing a bank account. The user needs to have a BIDIUM token blockchain address that is working. BIDIUM token account wallet will be able to hold standard tokens. BIDIUM technology will allow users to convert between tokens seamlessly straight from their account.

ICO Detail

FUNDS ALLOCATION: 45% of the funds will be allocated for the development while 30% of the funds will be allocated for marketing. To execute all legal procedures will have 5% of the funds and 15% will be allocated for reserves. The Management includes advisors and founders, will have 5% of the total funds.

Token Specifications

Token Distribution

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WEBSITE : https://bidium.io/
WHITEPAPER: https://bidium.io/assets/documents/Whitepaper-Bidium-3.0.pdf
ANN THREAD : https://bitcointalk.org/index.php?topic=3302414.0
TELEGRAM : https://t.me/Bidium

MY BITCOIN USERNAME : Efta321
MY ETH WALLET ADDRESS : 0x8B447B829139f1E2E237fAee31604e60b03bC41E