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

Private Pre-Sale

Open To Pre-Approved Entities Only
Start Date: June 1, 2018(00:00 UTC-6)
End Date: June 17, 2018(23:59 UTC-6)
$0.75 USD per token
Minimum Purchase is 1000 XBID Tokens

Public Pre-Sale

Public Pre-Sale - Open To All KYC Approved
Start Date: July 2, 2018(00:00 UTC-6)
End Date: August 1, 2018(23:59 UTC-6)
$0.80 USD Per Token
Minimum Purchase is 500 XBID Tokens

ICO Sale

Public ICO Sale - Open To Approved KYC Applicants
Start Date: October 1, 2018 (00:00 UTC-6)
End Date: October 31, 2018 (23:59 UTC-6)
$1.00 USD per token
Minimum Purchase is 100 XBID Tokens

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

Development Of Web & Mobile Platform
60%
Marketing & Communication
15%
Infrastructure Build Out
15%
Promotional Token Budget
10%

Main ICO Sale

Development
35%
General Operating Expenses
20%
Marketing
15%
Founder Team Reserve
15%
Onboarding Of Local Stores/Services
10%
Legal Support
5%

Blog news

Roadmap and Progress

Inception of Idea & Research Phase

10/1/2017

Inception of Idea & Research Phase

10/1/2017

Company Structure Created

12/1/2017

Company Structure Created

12/1/2017

Launch of http://www.letsbidlocal.com

2/1/2018

Launch of http://www.letsbidlocal.com

2/1/2018

Pre-Sale Begins

9/1/2018

Pre-Sale Begins

9/1/2018

Pre-Sale Completes

10/1/2018

Pre-Sale Completes

10/1/2018

Full ICO Begins

11/1/2018

Full ICO Begins

11/1/2018

Full ICO Sale Completes

12/15/2018

Full ICO Sale Completes

12/15/2018

Testing of Alpha Site

2/1/2019

Testing of Alpha Site

2/1/2019

Beta Testing with First City

6/1/2019

Beta Testing with First City

6/1/2019

Rollout of LetsBidLocal.com to select World Markets

1/1/2020

Rollout of LetsBidLocal.com to select World Markets

1/1/2020

Our Team

The Executive Team

Our Core Team

Advisory Team

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

WordPress Theme built by Shufflehound. Copyright LetsBidLocal 2018
Bitnami