BID TopBidder

Tentang TopBidder

BID is the governance currency of the TopBidder protocol, which is used for protocol income Yield Farming and subsequent project governance. In order to improve the efficiency of decision-making in the early stage of the project, the development team will have the right to make decisions. With the gradual improvement of the ecology, the decision-making power of the team will gradually be transferred to the community. In the early stage of the project, after the artists signed on the platform, part of the rNFT issued has the function of casting BID when auctioning. The speed of BID release is related to the number of works submitted by artists, about 12 million pieces are issued every year; The Top Bidder DAO will be opened after the BID is distributed to a certain stage, and the DAO will vote to determine the setting of each parameter of the auction system, and the governance adopts a quadratic voting mechanism; The governance currency BID has the function of mortgage mining and shares the profits of the agreement.