BIDSHOP is a liquidity hub for all web3 assets, inventing new ways to generate liquidity by incorporating encryption technology into ZKsync for fast and cheap transactions.

IBO stands for Initial Bid Offering, it represents a novel mechanism for a fair launch where users can farm tokens by placing bids in auctions.

A fixed number of Volume rewards is released to all auction bidders every 2 hours. Your share of the Volume rewards is based on your “Boosted Volume” in proportion to the total “Boosted volume” of all bidders.

Base volume is the amount of volume you generated by placing bids in the auction. Boosted volume is the base volume multiplied by your Volume booster.

Lock $BIDS tokens to receive your Volume Booster. The longer you lock the higher the booster.

Simple, just stake $BIDS LP, you’ll get $BIDS rewards + wETH rewards (platform revenue).

Click here for the guide on how to stake LP on Balancer.

Yes. Just like getting a Volume Booster all you need to do is lock $BIDS for a Boosted APR.

No. When you lock $BIDS tokens it will automatically provide you with 2 Boosters. One for the APR you are receiving on the LP staking and the other for Volume Booster so every Bid you place will count as more volume.

Place a bid for a chance at the auction prize. While bidding you are earning Volume rewards that you can claim every 2 hours. Stake your Volume rewards in the form of LP staking to earn APR in $BIDS tokens & 100% platform revenue in wETH. Lock more $BIDS to Boost your APR + “Volume Booster”. Use the Volume Booster to place more bids in new auctions and earn even more Volume Rewards. Repeat.

Our IBO auction provides auction winners with prizes such as wETH and Blue chip NFTs.(This is in addition to the $BIDS token distribution).

To understand how to bid and win on IBO auctions please read the full guide here.

All of BIDSHOP’s contracts are fully audited and you can view the audit report here.