DefiBids - ProBit Listing Live - Meme Coin Auctions - Price Reveal Auctions are Coming

By ShillzAndThrillz | Bid-Blog | 3 May 2021


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ProBit Listing is Live

In my last DefiBids (the DeFi world's finest crypto auction house) update over here at Publish0x I teased that a new CEX exchange listing was fast incoming for the BID token, and come it did, in the form of two new trading pairs over at ProBit, BID/ETH, and BID/USDT.  According to Coinranking.com ProBit are ranked in the top 50 crypto exchanges world-wide for volume, facilitating around 400 million dollars in trades per day.  And I also hinted in my previous post that I suspected that whatever exchange listing was incoming, was likely to be "big in Korea", which ProBit is.  Where they claim to be (though I'll admit I've not verified it) the fourth largest exchange.  

In terms of full transparency the new exchange listing wasn't all roses, with, due to the deflationary nature of the BID token, ProBit applying a 10% fee for traders depositing BID to their exchange.  However, a successful trading competition followed shortly after listing, and while it's still early days and volume and liquidity are both still a little thin, those looking to grab some BID tokens without enduring the often unpalatable gas fees associated with picking some up using Uniswap, now have a new centralized exchange from which to do so.   And I'll drop a link to the BID/USDT trading pair HERE for your convenience, should you wish to go check that out... 

Meme Coins and More

With meme coins having been on the rise recently, led by the OG of meme-coins DOGE, SHIBA INU (sometimes referred to as Doge's little brother), and CHONK (an experimental NFT powered protocol) both debuted over at DefiBids in their first ever lowest-unique-bid format auctions... 

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While other new listings include mTSLA, a synthetic asset tracking the price of a Tesla stock.  And FTT, the native cryptocurrency token of the 20 billion dollar-valued crypto derivatives trading platform, FTX.  And you can check out all of the lowest-unique-bid auctions currently live over at DefiBids HERE.  All of which, with a little luck and/or skill, can be won for as little as a dollar or two.  

Price Reveal Auctions Incoming

Next up and incoming on the tech/development front for DefiBids are "Price Reveal Auctions", this will be a brand new auction format to compliment the existing lowest-unique-bid (LUB) auctions.  An auction format in which users can choose to reveal the price of the package on offer, which reduces per reveal, until somebody finds the price to their liking, and chooses to purchase the package.  Like so... 



And as with the LUB auctions, BID token stakers will share in the ETH used to purchase auction credits needed to participate in these price reveal auctions.   With the LUB auctions alone having delivered roughly 32 thousand dollars worth of ETH into the hands of stakers over the last 7 months or so.  In addition to around $260K worth of BID tokens via the deflationary burn mechanism...    

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And one would expect that a whole new auction format being added to the platform would certainly help to boost those ETH reward numbers for stakers moving forwards.  And the BID staking dashboard can be found HERE.  

Many thanks for reading, be sure to drop me a follow for the latest in DefiBids news, and as always... 

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ShillzAndThrillz
ShillzAndThrillz

Crypto, DeFi, and More...


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