Cryptomustar
Saturday, September 23, 2023
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptomustar
No Result
View All Result
Home Press Release

DefiBids Seeks to Make Crypto Auctions Profitable for Everyone

by Press Release
January 30, 2021
in Press Release
0
DefiBids Seeks to Make Crypto Auctions Profitable for Everyone
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

DefiBids wants to make buying ERC-20 tokens fun and more profitable for everyone. This unique DeFi online auction allows users to BID on packages of ERC-20 tokens and NFTs at discounted rates compared to market value. The DeFi market is on fire right now. This sector has seen explosive growth due to a combination of healthy investor ROIs and market hype. Consequently, DeFi continues to be one of the fastest-growing sectors in blockchain.

Why You Should Consider Buying DeFi Tokens via Auctions

For many crypto investors, the thought of buying tokens via an auction has never crossed their minds. With all of the exchanges currently available to users, you may not see any reason to venture out into the world of online auctions. However, you may want to reconsider your stance as there are some serious benefits gained from auctions, especially when you look at the growing risk of hacks and centralization in the current exchange markets.

RELATED POSTS

GDEV Demonstrates Ongoing Commitment to Best Sustainability Practices

Schrodinger, The New Memecoin Sensation Based On A Unique Quantum Cat, Announces Successful Launch

One of the primary reasons to consider buying ERC-20 tokens, in particular, from an auction is the savings. When you bid on an Auction Package, you have an opportunity to save a bundle on your next purchase. Notably, DefiBids allows you to place unlimited bids, across multiple auctions simultaneously. This strategy allows you to further your chances of winning the auction.

Not Your Ordinary Auction

There are some features that make DefiBids a better option than the competition. Specifically, there is an impressive selection of auction types available.  When you think of auctions, many people envision a fast-talking host spitting out numbers in what seems like gibberish. Nowadays, there are all types of auctions.

DefiBids supports your traditional auction in which the highest bidder wins. There are also Lower Unique Bid options available to users. In this scenario, it’s the lowest bidder that wins the auction. The network introduces stealth auctions as another powerful tool to help you save on your next DeFi token purchase.

Get Stealthy

Stealth Auctions are a really cool concept. Users don’t bid directly on Auction Packages in this format. Instead, you pay a small fee to reveal the price of the Auction Package. Every time the package price is revealed, the auction price drops slightly. Eventually, the price gets so low that a bidder accepts the offer.

Everyone Wins on DefiBids

DefiBids changes the game with the introduction of its staking model. This protocol not only rewards the auction winners, but it also provides an opportunity for BID holders to secure added profits. Notably, 1% of all the fees collected from auctions are distributed to stakers via a side pool.

 

Impressively, you don’t have to wait months to get your staking rewards from the network. Every 24-hours at 00:00 UTC, these rewards are paid out in Ethereum. Paying rewards in ETH adds value to the network and reduces inflationary risks. Recently, DeFi platforms have experienced inflationary issues due to the fact that they pay rewards in their native tokens. DefiBids users avoid these concerns and save time and money because their rewards arrive in ETH directly.

DefiBids – A New Type of Auction for the New Economy

DefiBids appears ahead of the curve with their latest release. This platform combines the excitement of auctions, with the security of staking protocols. As such, DefiBids is an example of how decentralization provides greater opportunity for all market participants.

You can expect to see a lot more from this development team as their project continues to take flight in the coming weeks. For now, interested investors can participate in any of DefiBids’ auctions here.

Useful Links

Telegram | Twitter | Youtube

ShareTweetShare

Related Posts

Linklogis’ Smart-Bee Won Global SME Finance Awards

GDEV Demonstrates Ongoing Commitment to Best Sustainability Practices

by Press Release
September 22, 2023
0

GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”) released its second Sustainability Report, with examples...

Schrodinger, The New Memecoin Sensation Based On A Unique Quantum Cat, Announces Successful Launch

Schrodinger, The New Memecoin Sensation Based On A Unique Quantum Cat, Announces Successful Launch

by Press Release
September 22, 2023
0

Schrodinger, an ERC-20 memecoin, was launched on September 21st. It saw an incredible price growth of 22,000% in just 24...

MachinaTrader Launches a New Era of Algorithmic Trading with NFT Giveaways and Early Platform Access

MachinaTrader Launches a New Era of Algorithmic Trading with NFT Giveaways and Early Platform Access

by Press Release
September 22, 2023
0

NFT owners will also get a complimentary wearable for Decentraland and other virtual realms through an airdrop. The platform's early...

Beyond the Hype: Why Sonorus is More Than Just Another Music Platform

Beyond the Hype: Why Sonorus is More Than Just Another Music Platform

by Press Release
September 22, 2023
0

Sonorus' Innovative Approach to Redefine Music in the Digital AgeSonorus stands as more than just a Music Platform; it represents...

Beyond the Hype: Why Sonorus is More Than Just Another Music Platform

by Press Release
September 22, 2023
0

Sonorus’ Innovative Approach to Redefine Music in the Digital Age Sonorus stands as more than just a Music Platform; it...

POPULAR NEWS

EverCash is Taking BUSD Rewards to the Next Level

EverCash is Taking BUSD Rewards to the Next Level

March 17, 2022
BitMart Innovates with Exclusive “Vote to Earn” NFT

BitMart Innovates with Exclusive “Vote to Earn” NFT

September 21, 2022
MEXC Global Sets to Uplift DuckDAO in a Long-term Partnership

MEXC Global Sets to Uplift DuckDAO in a Long-term Partnership

September 17, 2021
HyperEarn Officially Opens Its Token IDO

HyperEarn Officially Opens Its Token IDO

May 24, 2022

Voyage in Paradise announces Plastik Funk as its official partner and NFT Art sneak peek

June 11, 2022

EDITOR'S PICK

Binance Pulls Back German Crypto License Application

Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange, Experts Say

August 25, 2023
CZ issues response to SEC vs. Paxos lawsuit

CZ issues response to SEC vs. Paxos lawsuit

February 13, 2023
Digital Euro Will Never Be Programmable, ECB’s Panetta Says

Digital Euro Will Never Be Programmable, ECB’s Panetta Says

January 23, 2023
TWT Stake – A New Platform with Advanced Staking Solutions for the TWT Token

TWT Stake – A New Platform with Advanced Staking Solutions for the TWT Token

April 11, 2023

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation

Recent Posts

  • Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled
  • Ethereum Staking Momentum Falling, What’s Going On?
  • How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In
  • GDEV Demonstrates Ongoing Commitment to Best Sustainability Practices
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptomustar.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptomustar.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • yfBetayfBeta(YFBETA)$4.27-0.10%
  • IDLEIDLE(IDLE)$1.44-12.39%
  • WPP TokenWPP Token(WPP)$0.006826-3.49%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Werewolf CoinWerewolf Coin(WWC)$0.098082-2.58%
  • PolkaBridgePolkaBridge(PBR)$0.439784-6.92%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • EvidenZEvidenZ(BCDT)$0.122949-3.85%