HOW DOES LETSBIDLOCAL WORK?
The Key Features
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.
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.
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.
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.
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.
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.
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.
Main ICO Sale
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