Introduction:
We are living in the digital era, where most of our shopping habbits are slowly shifting from traditional offline shopping, to online shopping activities. Platforms like Ebay, Amazon, Rakuten and others are well known marketplaces, where most of us would shop or sell our products. Studies have shown that most of the sellers (around 63%) are dependent on the mentioned marketplaces. Those marketplaces come with the disadvantage of beeing centralised, which means that they can easily control the market, adjust fees and therefore destroy any business of a seller, whose income is dependant on the sales on the marketplace. Many sellers wish to diversify the risk by offering their products on different marketplaces.
Bidium - A Decentralized Marketplace And Much More:
Now as the blockchain technology has been evolving in the past few years, many projects have been building on the blockchain. The blockchain technology comes not only with the advantage of offering decentralization, but also high security standards and transparency, which is especially useful for every transaction done on a marketplace.
The Bidium project (https://bidium.io/) is trying to solve this problem. Bidium aims to build a crypto-fiat-crypto P2P exchange with on top of that the option of Auction and Freelance Hiring. Bidium will take every advantage of the blockchain technology into play to serve as a bidding marketplace for buyers and sellers of freelance services. What's special for the Bidium platform is that there is "No transaction fee for the selling, purchasing, hiring and trading on BIDIUM platforms users".
For the marketplace, there only will be a 24 hour time window to bid on any product, which results in fast auctions and therefore time savings for both buyer and seller. Furthermore using cryptocurrency as a payment method not only has the advantage of instant payments, but also increases the crypto-userbase overall, since crypto will get more exposure with every new project, which offers crypto payments.
For the freelancing platform, Bidium offers full transparency and high security standards on every deal made. This is possible due to smart contracts of the blockchain technology. Therefore the freelancer can be sure to receive his payment, while the company who hired him can be sure that the work is beeing done correctly. Reviews and ratings for both, freelancer and employer ensure further trustworthiness.
With the additional Bidium exchange launch, any crypto token can be traded also for fiat money with one of the lowest trading fees on the crypto exchange market.
As Bidium includes not only an exchange, but also an auction and freelance hiring website, Bidium can be compared to some major existing projects like Binance, Upwork and Ebay. Below you can see a comparison of them, showing the great benefits of Bidium regarding the fees compared to other the platforms.
Features and Advantages of Bidium summarized:
- Decentralization
- Cost Effectiveness
- Functionality
- Immediatate Payment
- Peer To Peer Payment
- Secure Wallet
ICO:
The Bidium project currently is doing its ICO (Initial Coin Offering) in order to raise funds for the development and marketing of the project. Furthermore funds are needed for legal costs, as well as managing and maintaining the project. Investors and supporters can get BIDM tokens in exchange for their Bitcoin and Ethereum. You can join the tokensale on the official website here https://bidium.io/
- The token sale has started on the 25th may 2018
- The token sale will end on the 23rd june 2018
- 1 BIDM token costs 0.02$
- The softcap of 3 million USD raised has been already reached
- The hardcap is set at 10 million USD
- Unsold tokens will be burned, which will lead to a lower total token supply
The Team:
Here you can see the team working behind the Bidium project. The team has quite good expertise in IT, which is essential for a blockchain project. As the team will expand later on, they probably should increase their resources in the field of marketing. If you want to know more about the team members of Bidium, make sure to check out their linkedin profiles on the website https://bidium.io/
Short Roadmap Outlook:
As the tokensale will soon be concluded, it is always good to know what kind of events will be coming after that. For the third quarter of 2018, Bidium not only plans to launch their token on several major exchanges, but also launch their own beta version of exchange with an advanced UI. The beta version also includes a secured wallet and trading options for Crypto-Fiat-Crypto trading. Besides the initial English language, the exchange furthermore will support languages such as Russian, Japanese, Korean, Vietnamese , Arabic and Spanish, which will highly increase new user registrations around the world. In Q3 2018 also the App launch of the exchange is planned as well as the Freelance Hiring Platform. For further details about the roadmap, please refer to the website https://bidium.io/
My Opinion:
The Bidium project sounds very promising. I really like their concept of using the blockchain technology to build a decentralized marketplace where freelancers can be hired using bidding and cryptocurrencies. As the project already has reached its softcap of more than 3 million USD raised, I think that everything which will be raised beyond that could help for further success of the project. I'm really looking forward for the launch of their freelancing marketplace.
Further Information:
Want to know more about the Bidium project? Take a look at their official website and their whitepaper for more information. Also subscribe to their official communication channels to stay up to date. Any questions, feel free to comment below.
Website: https://bidium.io/
Whitepaper: https://bidium.io/assets/documents/Whitepaper-Bidium-3.0.pdf
Twitter: https://twitter.com/bidiumofficial
Facebook: https://www.facebook.com/bidium
Telegram: https://t.me/Bidium
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3302414.0
My Bitcointalk Profile (Rano): https://bitcointalk.org/index.php?action=profile;u=1609093
My ETH: 0xFc58f16Ab51A635fdb06b4Db14E59ad994884AD7