$BID updates
From a higher timeframe perspective, $BID is performing well, with the bottom consistently rising, so I will be a bit more optimistic. Moreover, there’s no need to consider the overall market conditions; its fluctuations are basically unrelated to the market.
Yesterday, @CreatorBid released the Launchpad v2 participation guide, and I'll summarize it briefly ⬇️ (I initially thought it would be launched in June, but it was dragged to July)
1. How to increase BID LEVEL?
- Stake $BID (50%) — Time-weighted
- Stake Agent tokens (20%) — Calculated by 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 (as I understand it).
2. Penalty
Simply put, as long as you are a paper hand, you will receive a penalty. Holding the stake or selling after holding for 30 days will not reduce your BID LEVEL. If your level is reduced to level 0, you will need a 7-day cooldown period to restart.
Essentially, I believe the core of CreatorBid aims to make the Agent launch (3,3), where you don’t sell and I don’t sell; even after the Agent rises, you cannot sell — you can only sell after 30 days. However, the direct impact of this design is that it is difficult for users to taste the benefits when initially participating in the ecosystem. If incentives are insufficient, participation stickiness will not be high.
In other words, the penalties are too strict. Here I suggest @philism_ to rethink this model.
3. Launchpad Agent Tokenomics
- Team/Treasury = 30% (locked for 90 days)
- Conviction Vault = 20% (for diamond hands who stake + marketing activities, 100% distributed to the community)
- BID LEVEL rounds = 37.5% (sold at a fixed price weighted by level)
- LP = 12.5% (LP locked)
Previously mentioned that the punishment mechanism for participants in BID Launchpad v2 is too harsh, but it has many 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 matter is good or bad. Frankly, if $BID Launchpad v2 is taking a premium route, I would be more bullish.
So the core here still depends on the good project reserves of CreatorBid after the launch (essentially, it’s about whether they pitch 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).
