BIDIUM is a blockchain-powered decentralized digital currency exchanges that the leverages the power of Advanced Auction with Freelance Hiring. Essentially, it is a marketplace where buyers bid for services and products before purchasing them. Furthermore, it acts as a platform to employers who are seeking the services offered by freelancers. As of now, the BIDIUM exchange accepts BIDM (its native token), Bitcoin, Litecoin and Ethereum. Later on, the exchanges will add more altcoins.
The Problem
Lack of Transparency in Skill Evaluation
Typically, prospective freelancers/bidders undergo evaluation tests before being admitted to the bidding platforms. The freelancers/bidders submit their qualifications, which are then assessed by the platform’s staff. Mostly, the freelancers/bidders do not know the reasons behind the acceptance or rejection of their applications. A decentralized platform will guarantee transparency, making the bidding for goods and services competitive.
Poor client support
Currently, the customer support services offered by online marketplaces are inadequate. A reliable customer support significantly to client retention as well as acquisition. Therefore, a dependable customer support substantially increases the profits made by a business.
Longer transactions
A common occurrence in centralized systems is the delay in the processing of transactions as well as deliveries. A decentralized system efficiently curbs these challenges, streamlining the transaction and delivery processing while saving significant amounts of money.
Falsified Transactions
Inability to do business from any location is perhaps the biggest shortcoming of centralized systems. For this reason, a lot of transactions are often falsified. A decentralized platform will leverage blockchain technology, eliminating the possibility of data falsification.
BIDM Token
BIDM is the native cryptocurrency of the BIDIUM platform. As the principal medium of exchange, it guarantees secure peer-to-peer transactions, eliminating the need for regulatory bureaucracies. The BIDIUM platform use cutting-edge technology presented in a simplified and easy to use interface. Usually, BIDM holders receive 50% of the company’s profits as dividends.
The transfer of BIDM tokens amongst its owners is completely free of charge. Moreover, the BIDIUM platform levies a 0.05% for transactions over the platform, with BIDM holders enjoying a discounted 0.01%. For storage purposes, BIDIUM provides a digital wallet.
Advantages of the BIDM Token
The benefits of the BIDM token include:
- Decentralization- these enable per-to-per connections on the BIDIUM platform.it also increases transpire across the network.
- Functionality – the BIDM tokens grants access to the BIDIUM marketplace on which individuals can access services anytime. Furthermore the digital currency can be exchanged into fiat cash.
- Affordability – the absence of intermediaries significantly reduces the cost of services.
- Instantaneous payment – using smart contracts, BIDM token ensures that transactions are fast and secure.
- Secure wallet – in addition to securely storing BIDM tokens, the wallet can be used to send and receive funds.
Token Sale Bidium ICO
The total supply of BIDM tokens is 1,000,000,000. Below are other parameters of the BIDIUM crowdsale.
Presale start date – 26th March, 2018
Presale end date – 24th April, 2018
ICO start date – 25th May, 2018
ICO end date – 15th June, 2018
Presale hard cap – $1 million
ICO hard cap – $10 million
Notably the price during the presale will be $0.01, while the ICO will demand $0.02 for a single BIDM token.
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