The $1,000,000 Program Edition I: Bidding with BID

Following our recent update regarding the revised tokenomics and the specific function of $BID within the CreatorBid infrastructure, we want to provide deeper insights into the Bidding with BID initiative. This overview explains why utilizing BID for all future project launches is a highly strategic decision.

Developers and project teams are offered the flexibility to select between two distinct liquidity pairing methods. They may opt for the native gas token of the chain, specifically ETH on Base, or choose $BID, the proprietary token of the CreatorBid ecosystem. While teams maintain the autonomy to decide, the Bidding with BID program is explicitly designed to establish BID as the pairing option of choice.

To support this goal, 100% of the ecosystem tranche is dedicated to backing tokens that are paired with $BID. It is important to note that this program involves no token emissions and no distribution of incentives. Instead, support is delivered via liquidity provisioning and buybacks. Participation in the program is determined by a selection process that evaluates projects against specific qualitative and quantitative metrics.

Utilizing $BID as the pairing asset creates a scenario where the token's value is directly tied to the activity within the ecosystem. This method synchronizes liquidity among ecosystem tokens and generates substantial network effects inside the CreatorBid Trenches.

The updated tokenomics structure prioritizes BID above all else within the CreatorBid environment. With the cessation of emissions and free token handouts, BID will function as the fundamental pairing asset, essential for aligning liquidity and fostering the growth of ecosystem TVL.

This represents the launch of a new era for $BID. We are preparing to release a comprehensive article shortly that will detail the full mechanics and structure of the program.

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