Connect with us

Press Release

DefiBids Seeks to Make Crypto Auctions Profitable for Everyone

Published

5 years ago

on

DefiBids wants to make buying ERC-20 tokens fun and more profitable for everyone. This unique DeFi online auction allows users to BID on packages of ERC-20 tokens and NFTs at discounted rates compared to market value. The DeFi market is on fire right now. This sector has seen explosive growth due to a combination of healthy investor ROIs and market hype. Consequently, DeFi continues to be one of the fastest-growing sectors in blockchain.

Why You Should Consider Buying DeFi Tokens via Auctions

For many crypto investors, the thought of buying tokens via an auction has never crossed their minds. With all of the exchanges currently available to users, you may not see any reason to venture out into the world of online auctions. However, you may want to reconsider your stance as there are some serious benefits gained from auctions, especially when you look at the growing risk of hacks and centralization in the current exchange markets.

One of the primary reasons to consider buying ERC-20 tokens, in particular, from an auction is the savings. When you bid on an Auction Package, you have an opportunity to save a bundle on your next purchase. Notably, DefiBids allows you to place unlimited bids, across multiple auctions simultaneously. This strategy allows you to further your chances of winning the auction.

Not Your Ordinary Auction

There are some features that make DefiBids a better option than the competition. Specifically, there is an impressive selection of auction types available.  When you think of auctions, many people envision a fast-talking host spitting out numbers in what seems like gibberish. Nowadays, there are all types of auctions.

DefiBids supports your traditional auction in which the highest bidder wins. There are also Lower Unique Bid options available to users. In this scenario, it’s the lowest bidder that wins the auction. The network introduces stealth auctions as another powerful tool to help you save on your next DeFi token purchase.

Get Stealthy

Stealth Auctions are a really cool concept. Users don’t bid directly on Auction Packages in this format. Instead, you pay a small fee to reveal the price of the Auction Package. Every time the package price is revealed, the auction price drops slightly. Eventually, the price gets so low that a bidder accepts the offer. 

Everyone Wins on DefiBids

DefiBids changes the game with the introduction of its staking model. This protocol not only rewards the auction winners, but it also provides an opportunity for BID holders to secure added profits. Notably, 1% of all the fees collected from auctions are distributed to stakers via a side pool.

Impressively, you don’t have to wait months to get your staking rewards from the network. Every 24-hours at 00:00 UTC, these rewards are paid out in Ethereum. Paying rewards in ETH adds value to the network and reduces inflationary risks. Recently, DeFi platforms have experienced inflationary issues due to the fact that they pay rewards in their native tokens. DefiBids users avoid these concerns and save time and money because their rewards arrive in ETH directly.

DefiBids – A New Type of Auction for the New Economy

DefiBids appears ahead of the curve with their latest release. This platform combines the excitement of auctions, with the security of staking protocols. As such, DefiBids is an example of how decentralization provides greater opportunity for all market participants. 

You can expect to see a lot more from this development team as their project continues to take flight in the coming weeks. For now, interested investors can participate in any of DefiBids’ auctions here. 

Useful Links

Telegram | Twitter | Youtube

Related Topics:

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

Continue Reading

Press Release

MyDex Announced as Tertiary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Published

6 days ago

on

April 17, 2026

By

Hong Kong, 17th April 2026 — Hong Kong Web3 Festival 2026 is honored to have MyDex onboard as a Tertiary Exhibition Sponsor.

MyDex is the next-gen intelligent trading platform where humans and AI evolve together. Explore more at https://www.mydex.io/

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of  Hong Kong

Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group

Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Vitalik Buterin, Co-Founder, Ethereum

Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury

Yi He, Co-CEO, Binance

Richard Teng, Co-CEO, Binance

Lennix Lai, Chief Commercial Officer, OKX Global

H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan

Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan

Brian Mehler, CEO, Stable

Yat Siu, Co-Founder and Chairman, Animoca Brands

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Franklin Bi, General Partner, Pantera Capital

John Cahill, COO, Galaxy Digital Asia

……

And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

Continue Reading

Press Release

AurumX Joins Hong Kong Web3 Festival 2026 as Primary Exhibition Sponsor

Published

1 week ago

on

April 14, 2026

By

Hong Kong, 14th April 2026 — Hong Kong Web3 Festival is pleased to welcome AurumX as a Primary Exhibition Sponsor for its upcoming 2026 edition.

AurumX is building a next-generation, AI-driven institutional-grade global asset financial trading system. Explore more at https://aurumx.pro

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of  Hong Kong

Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group

Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Vitalik Buterin, Co-Founder, Ethereum

Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury

Yi He, Co-CEO, Binance

Richard Teng, Co-CEO, Binance

Lennix Lai, Chief Commercial Officer, OKX Global

H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan

Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan

Brian Mehler, CEO, Stable

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Franklin Bi, General Partner, Pantera Capital

John Cahill, COO, Galaxy Digital Asia

……

And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

Continue Reading

Press Release

PancakeSwap Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Published

1 week ago

on

April 14, 2026

By

Hong Kong, 14th April 2026 — Hong Kong Web3 Festival is honored to welcome PancakeSwap as a Secondary Exhibition Sponsor for its upcoming 2026 edition.

PancakeSwap is a leading decentralized exchange. Explore more at: https://pancakeswap.finance/swap

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of  Hong Kong

Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group

Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Vitalik Buterin, Co-Founder, Ethereum

Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury

Yi He, Co-CEO, Binance

Richard Teng, Co-CEO, Binance

Lennix Lai, Chief Commercial Officer, OKX Global

H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan

Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan

Brian Mehler, CEO, Stable

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Franklin Bi, General Partner, Pantera Capital

John Cahill, COO, Galaxy Digital Asia

……

And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

Continue Reading

Trending