BID4BIT

What is DeFi?

Decentralized finance, or DeFi, is a novel way to conduct financial transactions using apps. It is done through the blockchain, bypassing traditional financial institutions and mediators. Decentralized finance is a blockchain-based type of payment that always uses smart contracts on blockchains, the other most popular of which is Ethereum, to enable conventional investment products without relying on central financial institutions including financial services companies, marketplaces, or institutions. DeFi has been used by several platforms to award collateral since that day. The growing trend of “liquidity mining and yield farming,” in which users move their crypto assets around marketplaces.

The offering of BID4 Tokens is made to allow the use of the bid4bit platform and not for speculative purposes. The offering of BID4 Tokens does not in any way change the tokens’ legal qualification, which remains a simple means for using the bid4bit platform and is not a security. bid4bit is not to be considered as an advisor in any legal, tax, or financial matters. Any information in the whitepaper is provided for general information purposes only, and bid4bit does not give any sort of warranty or assurance regarding the accuracy and completeness of this information. Acquiring BID4 Tokens shall not grant any right or influence over bid4bit organization and governance to the Purchasers. Regulatory authorities seem to be scrutinizing various businesses and operations in the crypto currency industry. In light of this, regulatory measures, actions, or investigations may affect bid4bit’s business and restrict or prevent us from developing our future operations. Since blockchain is still in the nascent stage of development, the regulatory status of BID4 Tokens and/or the bid4bit platform and blockchain generally is pretty uncertain or unsettled in a number of jurisdictions. At any time, any regulatory agency may apply current regulations or make new regulations regarding blockchain technology and its diverse applications, including BID4 Tokens and/or the bid4bit platform. In addition, it is still unclear as to how the current policies will be executed. All these may lead to uncertainty around project investment and liquidity. Blockchain technology and applications have become the main target of discussion and supervision in a number of countries.

Token of BID4BIT

BID4 is bid4bit’s utility token and built on Tron blockchain technology as an TRC10. Anyone with an Tron wallet can send, receive and store BID4 Tokens. All transactions are executed based on the Tron network and the TRC-10 protocol. BID4 Tokens are designed for bid4bit’s Live Online Auctions. Make bid to get your favorite crypto currency or token at incredibly low prices, by using your BID4 Tokens at bid4it.io bid4bit will launch a promising Token Sale campaign and Airdrop program. BID4 Tokens will be issued after the Token Sale to fund its development and expand the platform’s functionalities and features.

The idea appeals to me since it takes an innovative approach to the formation of blockchain businesses. I’m expecting the developers to get their platform out as quickly as possible. Those who are interested in supporting this project may do so in the anticipation of seeing even better customer satisfaction.

Website: https://bid4bit.io/

Twitter: https://twitter.com/bid4bit_io

Whitepaper: https://bid4bit.io/whitepaper.pdf

Telegram: https://t.me/bid4bit

Instagram: https://www.instagram.com/bid4bit/

ANN: https://bitcointalk.org/index.php?topic=5342540

Facebook: https://www.facebook.com/bid4bit