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7.54%Sign Up
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BID Protocol
$0.0₅3099
0.00%
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BID Protocol Information
BID Protocol Supported Platforms
| BIDP | BRC20 | BTC | 4573b3efb6a84570257341a7fb0c7cb98250bc90e9ab9bf02ae85a017bd34c6di0 | 2024-01-15 |
About BID Protocol
The BID Protocol (BIDP) is a cryptocurrency platform designed to ensure fair launches for various projects. Utilising a 100% on-chain, Dutch auction system, it addresses issues like front-running, witch attacks, and gas wars, fostering a fair environment for all participants. The protocol also provides project owners with a legitimate revenue channel. Operating under the BRC20 standard, the BID Protocol focuses on equitable and transparent processes for issuing new tokens or projects, allowing users and issuers to partake in launches devoid of manipulative practices common in the crypto space. Furthermore, BIDP serves as the governance token, emphasising its importance in the protocol's governance framework.
BID Protocol (BIDP) is a cryptocurrency platform focusing on facilitating fair launches for various projects. It provides a 100% on-chain, fair launch platform, utilising a Dutch auction system to prevent issues like front-running, witch attacks, and gas wars. This approach aims to create a fair environment for all participants. Additionally, BID Protocol offers project owners a legitimate revenue channel. The protocol operates on the BRC20 standard.
The BID Protocol primarily facilitates fair launches for cryptocurrency projects by utilising a Dutch auction mechanism. This method ensures an equitable and transparent process in the issuance of new tokens or projects. It allows users and issuers to partake in launches that are free from common manipulative practices found in the crypto space, such as front-running and gas wars. Moreover, BIDP acts as the governance token of the protocol, underscoring its significance in the protocol's governance structure.