Crypto investors, just like investors in any other financial discipline, seek the highest and quickest possible return on their investment. In the crypto-world, payouts are usually made in tokens, which are distributed to investors after the ICO is finished.
The problem is, the period between the end of the ICO and the actual arrival of the tokens can be lengthy, up to several weeks in some cases. This poses a problem for investors, as they cannot trade the tokens they purchased or earned during the ICO. Also, tokens can sometimes take an inordinate amount of time appearing on exchanges.
Bdaq hopes to bridge this gap, enabling investors to trade their tokens even before tokens are listed on exchanges.
https://youtu.be/LrbuPdSFZYQ
Bdaq: trade your tokens as soon as you get them
ICOs and tokens are inextricably linked. One could argue that tokens are an ICO’s lifeblood. But sometimes, this lifeblood takes too long to trickle back to the investors, depriving them of the means to profit from their investment.
Currently, an ICO distributes tokens back to investors weeks, even months after the end of the initial token sale. And even after the investor gets the token, they must wait until the token is listed on an exchange before trading can begin.
https://twitter.com/Bdaqio/status/1001100797797715973
What Bdaq are doing here is creating a platform where investors will be able to trade their tokens as soon as they receive them, rather than having to wait until the tokens are listed on exchanges.
How it all works
The concept behind Bdaq specifies that token owners will be able to access the platform as soon as an ICO concludes and place Sell Requests.
https://twitter.com/Bdaqio/status/1000729584483160064
At this point, whitelisted investors can access the platform and either place Buy Requests, or answer to any outstanding Sell Requests.
A proprietary algorithm will run in the background to identify and inform the most suitable investors about the Sell Requests, in a process dubbed Smart Investors Match. Consult the whitepaper for more details.
Bdaq in figures & quick facts
- Token name – BDAQ
- Total amount of tokens issued – 600m
- Token price – 1 BDAQ = 0.0001 ETH
- ICO start date – May 31st, 2018
Notes:
- Any unsold tokens will be burned.
The BDAQ token
The BDAQ token (BDAQ), is based on Ethereum’s ERC-20 Standard and, once created, will be allocated as follows:
- Token sale – 60%
- Investors – 12%
- Team members – 18%
- Partners – 5%
- Bounty & Airdrop – 5%
BDAQ will run a Bonus Program. Consult the whitepaper for more details.
Learn more about the Bdaq team here.
Social media presence and digital footprint
https://twitter.com/Bdaqio/status/1000852918646509569
Here are the numbers for Bdaq at the time of writing (late May 2018).
- Twitter – 22 followers
- Facebook – 33 followers
- Medium – 2 followers
Competition
https://twitter.com/Bdaqio/status/1001070625467912193
Bdaq offers a rather niche and unique proposition. No other ICO currently fields similar functionality. This puts Bdaq at a great advantage, as its pioneering value will be a first on the blockchain.
Consult the Bdaq Whitepaper for more information about the platform, additional features and services, etc.
Conclusion
Enabling investors to trade their tokens before they are listed on exchanges is a neat idea that bridges a glaring gap in the market.
By allowing investors to do this, liquidity flows quicker, which in turn may prompt further investment and a further acceleration in the market.
https://twitter.com/Bdaqio/status/1001040093380071426
This ICO’s efforts may be hampered by its almost non-existent reach on social media, which is something the company will need to work on pronto, if they are to succeed.
Bdaq’s leading position in the market deserves a closer look.
