🔨$BID

Degen Bids SPL Token

$BID is the native token of the Degen Bid platform and is used as the currency for bidding on auctions. Each $BID token is equivalent to one bid on a Penny Auction, providing a simple and easy-to-use currency for participating in auctions.

To use $BID for bidding, users must first purchase bid packs with SOL, which can then be exchanged for $BID tokens. These tokens can then be used to place bids on auctions, with each bid costing one $BID token. The last bidder to place a bid before the timer runs out wins the auction, and the item is awarded to them.

Because $BID is an on-chain token, all bids and transactions on the Degen Bid platform are completely transparent and traceable on the Solana blockchain. This ensures that all bidding is fair and transparent, and that all transactions are secure and verifiable.

Overall, $BID is a valuable and essential part of the Degen Bid platform, providing a simple and easy-to-use currency for bidding on auctions. Whether you're a casual bidder or a dedicated degen, $BID tokens are a great way to participate in auctions and maximize your chances of winning valuable items and prizes on the Degen Bid platform.

Bid Pack Cost Estimates

• 100 Bids - .2 SOL

• 210 Bids - .4 SOL

• 440 Bids - .8 SOL

• 1200 Bids - 2 SOL