Blockbid Launches Token Sale Backed by First of Its Kind Multi-Cryptocurrency Trading Platform

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by Svetlana Rud · 3 min read
Blockbid Launches Token Sale Backed by First of Its Kind Multi-Cryptocurrency Trading Platform
Photo: Blockbid

Blockbid launches token sale backed by trading exchange that will allow the trading of many cryptocurrencies using one single login.

Increased popularity of cryptocurrency leads to creation of decentralized platforms used for cryptocurrency trading. Unfortunately, most of these platforms trade only a specific type of Cryptocurrency.

In order to resolve this shortcoming, Blockbid announced newest exchange that would allow the trading of many cryptocurrencies using one single login.

Blockbid is advanced startup aimed to creation ultra-secure cryptocurrency trading platform with wide experienced team. The Blockbid team includes specialists in ASX trading, brokerage, blockchain technology, stock market research, startups and serial entrepreneurship.

“Blockbid was able to identify a huge need in this market for a trading platform that would allow the trading of many types of cryptocurrencies,” said Emma Hoffman, Blockbid’s CMO.

“Blockbid is being designed to help traders overcome three main issues; the inconvenience of needing to sign up to multiple exchanges, the unease associated with having coins scattered across multiple (and potentially untrustworthy) exchanges, and missed investment opportunities caused by time lapses in transferring funds between different platforms. Now with our new platform, users will be able to consolidate their many user accounts into one easy to administer account on the Blockbid trading exchange,” she added.

The Blockbid cryptocurrency exchange will work on Australia’s fastest exchange network with direct datalink connecting over 180 co-location facilities on all continents.

Blockbid plans to raise money through anticipated ICO that will start on October 22, 2017. Possibility of trading from most cryptocurrencies on one Blockbid platform ensures that tokens will be sold very quickly.

According to Blockbid’s whitepaper, tokens are exchanged at current market rates (one Ether = 300 blockbid tokens) available through a commission-free marketplace. The buyer receives a 100% discount off the 0.1% flat fee in the first year, and 50% discount thereafter for each purchased token. Early ICO participants will also receive a minimum 8% – 20% bonus Blockbid tokens.

Creation of decentralized platforms, founded on the Ethereum blockchain, recently reveals fast development of blockchain technology and cryptocurrency market. Blockchain startup Cindicator is one such example.

Cindicator is decentralized analytic platform powered by hybrid intelligence. Over 4,000 people joined the ecosystem during their ICO that lasted from September, 12 till September, 24. The company raised $ 15 million during its ICO.

It should be noticed that decentralized platforms facilitate operations not only in financial industry. For example, Maecenas created a platform designed for tokenization of artwork. Thanks to this platform, investors are able to own shares of any artwork. “With the conception of the Maecenas system, the art world will no longer be controlled by a few powerful patrons who can afford to spend large sums of money”.

Blockchain News, News, Token Sales
Svetlana Rud
Author Svetlana Rud

Svetlana Rud has been working as a freelance writer , with experience gained at several media outlets around the world.

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