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Intro

Cryptocurrencies have managed to scale through multiple hurdles in the period of their reign. Cryptocurrencies are basically used as a method of payment and various stores and vendors are also accepting cryptocurrency coins. Over the last couple of years, the term Cryptocurrency has been
rapidly gaining ground and understanding of its use and value in the public eye. In the world of cryptocurrency there are so many different ICOs and projects emerging and one of them is BIDIUM (https://bidium.io/), a decentralized cryptocurrency exchange platform or platform that combines the power of Auction Advance with Freelance Hiring over Blockchain Technology. Here are some of the reasons why cryptocurrency should be considered for the bidding marketplace platform :

Mitigating Economic Recession Risks : Cryptocurrency provides a means of diversification especially for people that are worried about government debt and central bank quantitative easing. With the aid of cryptocurrency markets, our platform introduces a method to spread risk and hedge one's portfolio. A hedge is a great way of mitigating the risk of economic recession or downturn which occurs when other assets are less valuable.
Cryptocurrency is Offered in Our Daily Lives : Cryptocurrency is generally becoming acceptable as a medium of payment and as a store of value. Most shops are offering the opportunity to make cryptocurrencies and there is a major boost in cryptocurrency services. Cryptocurrency has been rapidly gaining ground and it fluctuating nature also catches the eye of media houses.
Cryptocurrencies provides Solutions to problems : Cryptocurrency helps to solve problems such as high inflation, as it could be used as an alternative when prices in the shop rise. Cryptocurrency trade also helps in capital controls as some countries usually restrict the movement of capital from the country and this makes transfers more difficult. Even though governments are able to stripe away ownership of many assets, they don't have access to cryptocurrency. Cryptocurrency also seems to be challenging ultra high bank transfer and payment fees.
Probability of false transactions : Another problem that affects marketplace is the inability to do business from any part of the world regardless of your physical location. A platform that provides low-cost tools is needed as this will help you to conduct business in a smooth manner at a minimal cost. A marketplace that allows you to get access to a large audience of prospective customers across the globe is needed. Online decentralized bidding marketplace will prevent buyers and sellers from wasting time thereby giving sellers access to guaranteed buyers and reasonable profit.

What is BIDIUM ..?

BIDIUM is a decentralized cryptocurrency exchange which combines the power of Advance Auction with Freelance Hiring on top of Blockchain Technology. It acts as a bidding marketplace for buyers to purchase by bidding and a freelance platform to employers, who are looking to hire freelancers. The transaction could be made with the aid of more than 10 coins. The exchange accepts BIDM (Bidium native token), Bitcoin, Ethereum, Litecoin and other coins that will be announced at a later stage. To get more information visit this website https://bidium.io/, let's join ICO Bidium and keep an eye on the movement of this project.

The platform offers buyers and sellers the opportunity to save time as there is a limited time period of 24 hours to bid for any product. This will provide sellers an assurance of getting authorized buyers only, which in turn prevent their products from being blocked by malicious buyers. In addition to this the freelance platform will give both freelancers and employers the opportunity to use our native coin by paying only 0.1% charges while the use of another coin will attract 1% charge.

The major benefit to the sellers is they will get 50% Ad profit shares, regardless of whether their products are sold or not and if their products are sold, even buyers also will get 30% Ad profit shares if product sold. Sellers have the opportunity of selling multiple quantities of the same product on different slots.

The platform offers an adequate exchange solution along with an effective freelance platform backed up with an interactive interface to make it a delightful experience for the users. The platform facilitates light and fast trading technique with 50% generated revenue from trading. The revenue will be distributed among all BIDM token holders i.e. usually stored on the BIDIUM wallet. There is no transaction fee for the transfer of BIDM tokens between BIDIUM platform users. In addition to this, only a 0.05% trading fee will be charged on exchange platform and it will be further reduced to a 0.01% trading fee for BIDM token holders. An offline wallet will be developed to store BIDM securely. The BIDM token will also be used to bid for products on the BIDIUM marketplace.
Freelancing is another prominent feature that the platform offers. Freelancers and Employers will be able to use BIDM token with ‘NO’ transaction fee for bidding platform, freelancing platform and trading platform. Reviews and ratings for each employer and freelancer will help in maintaining the history.

Practical comparison between Bidium and some of the major Exchange, Auction and Freelance Hiring Site

Technology (Design & architecture ) of Bidium

The backbone of Bidium platform is ‘Blockchain technology’ backed with ‘Proof of stake’ algorithm. Blockchain, the most innovative and promising technology of 21st century; holds a great potential to change the current systems. Whereas Poof of Stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. This combination of PoS with blockchain technology promises to deliver the ease of auction and hiring platforms along with the ecentralized control.

BIDM Token

Bidium uses the BIDM token to ensure a secured peer-to-peer transaction and hence there is no need for third parties such as Banks or government. Our technology provides an easy interface with light and fast trading. There is no transaction fee for the transfer of BIDM between BIDIUM platform users and only a 0.05% trading fee is charged.