TopBidder

1. Summary

Ranks

Liquidity

-

Developer

-

Social

22

Momentum (beta)

0

Stack Rank™

-

Price

$0.05 0.0%

Market Cap

$692,161.00 (#4093)

Supply

/

Tags

NFT Ethereum Ecosystem

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Price
52W High price	$0.53
52W High date	5th Apr 2022 (2 years ago)
All Time High (ATH) Date	18th Oct 2024 (4 months ago)
All Time Low (ATL) Date	18th Oct 2024 (4 months ago)

Supply & Trading Volume
Trading Volume (24h)	$9.00

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Description

TopBidder is a radical auction protocol based on Non-Fungible Token (NFT) standards. It implements the theory of Radical Market and produces a mechanism for non-permanent owned crypto assets, known as Radical NFT (rNFT).

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TopBidder is a radical auction protocol based on Non-Fungible Token (NFT) standards. It implements the theory of Radical Market and produces a mechanism for non-permanent owned crypto assets, known as Radical NFT (rNFT).

The protocol includes the following features:

• Bidding Mechanism: Whenever someone bids, the last bidder receives 30% of the price difference with the current bid as a subsidy. 18% of the price difference goes to the pool reserve, and the revenue is distributed weekly through BID token yield farming. An additional 2% is allocated as an inviter reward, and 50% is paid to the artist.

• Artist Certification: Artists who have passed platform certification can issue rNFTs. Bidders can earn BIDs for each bid.

• Smart Contract Functions: The smart contract includes essential functions such as transfer, transferFrom, start, bid, withdraw, and end. Additionally, events include Start(), End(), Bid(), and Withdraw().

This protocol creates a decentralized auction system where artists can certify and issue unique NFTs for auction, and bidders can earn rewards while participating in the auction process.

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