$BID updates

From a higher time frame perspective, $BID is doing well, with the bottom continually rising, so I will be a bit more optimistic. Since it doesn't require considering the overall market situation, its ups and downs are basically unrelated to the market.

Yesterday, @CreatorBid released the Launchpad v2 participation guide, and I'll summarize it briefly ⬇️ (originally thought it would be launched in June, but it was delayed to July)

1. How to increase BID LEVEL?

- Stake $BID (50%) — Time-weighted

- Stake Agent tokens (20%) — Calculated based on USD value

- Purchase Agent tokens (15%) — Amount bought within seven days

- Social Yap (15%) — Requires staking at least 2500 $BID

The higher the BID LEVEL, the more the quota (this is my understanding).

2. Penalties

In simple terms, as long as you are a paper hand, you will receive penalties. Holding and selling after staking or holding for 30 days will not reduce your BID LEVEL. If your level is reduced to level 0, there will be a 7-day cooling period before you can start again.

Essentially, I think the core of CreatorBid is to make the Agent launch (3,3), where neither you nor I sell, and cannot sell after Agent skyrockets — you can only sell after 30 days. But the direct impact of this design is that it is difficult to let users taste the benefits when initially participating in the ecosystem. If the incentives are insufficient, participation stickiness will be low.

In other words, the penalties are too strict. Here, I suggest @philism_ reconsider this model.

3. Launchpad Agent Tokenomics

- Team/Treasury = 30% (locked for 90 days)

- Conviction Vault = 20% (allocated to stakers who are diamond hands + marketing activities, 100% distributed to the community)

- BID LEVEL round = 37.5% (sold at a fixed price weighted by level)

- LP = 12.5% (LP locked)

Previously mentioned that the punishment mechanism for users participating in BID Launchpad v2 is too harsh, but it does offer considerable rewards for diamond hands. 20% of the tokens will be distributed to diamond hands and users participating in marketing activities.

I find it hard to clearly say whether this is good or bad. Frankly speaking, if $BID Launchpad v2 takes a boutique route, I would be more bullish.

So the core here still depends on the quality project reserves after CreatorBid opens (essentially seeing if they have pitched good projects to launch assets on their Launchpad).

The ideal situation is that these Agent projects get listed on Binance Alpha and Binance contracts after issuance (this depends on Binance's support for CreatorBid and the quality of these Agent projects).