What Are We Building?
We Are Designing The Evolution Of Online Marketplaces
Using the Ethereum Blockchain, and our XBID token, we will launch a safer, easier to use marketplace designed to allow communities to buy and sell to each other
HOW DOES LETSBIDLOCAL WORK?
The Key Features
Tiered Reputation
We have created a "Tiered Reputation System" for both buyers and sellers based on performance metrics, transactions participated in, and community points for vetting, assisting, and promoting within LetsBidLocal.
SafeMeet System
We provide a guided process to schedule a meetup at multiple "Safe Spots" located within communities, verified by local Law Enforcement or sponsored by a local business.
High Volume
While we offer a freemium model for limited quantities of listings, we also offer subscription based listings for high volume listing users. Tiered paid model at extremely reasonable prices.
Your Own Marketplace
Registered sellers, both independant and locally certified, will gain access to our guided Brand Creator. Sellers can define their brand by creating their own online store featuring their products.
XBID Tokenization
All transactions for both buyers and sellers will be valued by our platform utility token, the XBID. Users of LBL will fund their account through a range of options in exchange for a balance of XBID. Users can also sell their XBID token via this process at market prices.
AI Mediation
We are aiming to make the buying and selling experience faster, and easier, while providing more information than typically available to users. Mediation for unsuccessful transactions will occur within our AI client on the mobile and web application, and can also keep track of your listings, and bids.
Escrow Payments
Let’s Bid Local platform will mediate transactions by holding funds in escrow and allowing the blockchain technology to create and approve smart contracts for exchanging XBID. Both buyer and seller are given opportunities to decline or confirm a transaction at multiple times throughout the process.
Auction Listings
The LetsBidLocal platform allows a Seller to create two types of listings, a Buy Now option and an auction listing with a reserve minimum. Buyers can then bid increasing amounts to try to win the merchandise with the possibility of having a bidding war, increasing profitability for the Seller.
Token & Crowdsale Information
LetsBidLocal's goal is to raise 25M USD in the token sale
25,000,000 XBID tokens total in crowdsale distribution
Private & Public Pre-Sale: 5,000,000 XBID Tokens
Main ICO Token Sale: 20,000,000 XBID Tokens
Currencies Accepted: ETH, BTC, LTC, BCH
Crowd sale applicants are accepted from all countries except:
United States, Canada, Singapore, Vietnam, China or resident of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, or Cuba.
Funds Distribution
Pre-Sale
Main ICO Sale
Blog news
The ICO Team
Arguably the most important part of an ICO, at least on the surface, is the makeup of the team. Read any review of a potential ICO and one…
2018.04.13 / 5min read. Read More
A Genuine Whitepaper
As Co-founder and COO of Let’s Bid Local, I took on the task of writing our Whitepaper. Truly, for any company or partnership moving…
2018.04.01 / 5min read. Read More
Time To Disrupt The Way We Buy From Each Other
I’d like to introduce myself. My name is Rex Storey, and I am the CEO and co-founder of the startup, LetsBidLocal.com. We aim at not only…
2018.03.18 / 4min read. Read More
Roadmap and Progress
Our Team
The Executive Team
Rex Storey
Jesse Mayer
Marc Perreault
Our Core Team
The Web Guy
Advisory Team
TBD
Get in touch
If you have any questions, comments or would like to get in touch with the LetsBidLocal.com team, please use this form.
Our Partners
