What to Know About BiDeFi
- Low Starting Price:
BiDefi offers an incredibly low and almost negligible initial bidding price. - Minimal Price Increase:
Each bid contributes less than a penny to the item's current price. - 15-Second Timer:
The countdown timer resets to 15 seconds whenever a new bid is placed. - Victory Awaits:
If no new bids are made within the next 15 seconds, you emerge as the winner. - BID Credits:
To participate in BiDefi auctions, you'll need BID credits. These credits can be purchased at a rate of 0.00005 ETH per BID credit, using ETH on any of the available blockchains. Your Bid Credit Balance displays the number of remaining BID credits in your account. When your credits are running low, simply acquire more BID credits. - Types of Bidding Assets:
- Free BID Assets: These are items you can bid on without purchasing credits. You are allocated a specific quantity of BID credits to use on these items, and these credits must be used exclusively for the item you're bidding on.
- Paid BID Assets: To participate in paid bids, you must acquire BID credits beforehand.
- Winning Matters:
While winning isn't everything, it's likely why you bid in the first place. After securing an auction, you can claim your asset into your wallet.
Here's the operational process:
- Each bid increases the price by $0.00010.
- Whenever someone places a bid, the auction timer resets to 15 seconds.
- If no fresh bids are entered before the timer expires, the final bidder emerges as the victor.
- To participate in an auction, you must purchase bids. Right now, bids are available for just 0.00010 ETH each! This nominal fee enables the substantial 95% savings you can enjoy!
