Malaysia’s leading bidding platform is all set to enter the Web3 ecosystem. Aiming to redefine the online auction ecosystem, BidNow introduces its native $BID Token and integrates blockchain technology with its community-centered real estate marketplace.
Already a leader in Malaysian market, the platform offers a variety of products, including real estate properties, home appliances, and gadgets. Now, backed by blockchain and its immutable decentralized ledger, BidNow’s e-Auction is proving to be a scalable solution for all the major problems of sellers, buyers, and investors alike. The launch of its native token, $BID, has marked the start of an unparalleled democratized auction experience, setting the standards of trust, accessibility, and security in the industry. Users can now take part in premium auctions, enjoy loyalty rewards, and get discounted transactions in a secure digital ecosystem. With $BID Token at its core, the platform incentivizes active engagement, facilitates secure exchanges and allow users to earn rewards as they interact with the platform.
Currently serving 20,000 active users and collaborating with more than 8,000 real estate agents throughout Malaysia, BidNow has become the first platform to be licensed and regulated by the Hata Exchange. All transactions, listings, and agents are verifiable and secured by the platform’s self-contained, blockchain-based community. With plans to positioning itself towards the global stage by 2025, it is already expanding into key markets across Asia and beyond.
The CEO of BidNow, Frankie Goh Chee Keong, highlights, “BidNow believes in the transformative power of blockchain technology. We’re excited to expand operations into Singapore, Indonesia, and all around the globe while incorporating blockchain technology to enhance efficiency, transparency, and security on our platform.”
$BID Token’s mission extends beyond empowering bidders; it introduces a movement towards secure, decentralized commerce. The first-of-its-kind platform is bridging the gap between traditional and digital asset markets. The innovative breakthrough Web3 technology eliminates risks of price manipulation, security threats, and fraud, ensuring every bid is authentic and auditable. The platform boasts developed trust and authenticity, improved communication, networking, information exchange, regulatory compliance and streamlined operations on its transparent and accountable system.
Recently, the company managed to garner over RM10 million in its Crowdfunding campaign with just 469 investors and an average ticket size of RM 21322. This represents the growing reputation of $BID Token and its solid business model powered by Web3. Partnering up some of the big names like pitchIN and Universiti Teknologi Malaysia (UTM), BidNow is collaborating in the areas of cybersecurity, blockchain technology, and data science and bring forth cybersecurity and blockchain applications in the real world.
Goh Chee Keong expresses “Evidently, these are far-reaching and enterprising collaborations that will start with developing tech solutions and platforms concerning cybersecurity. This includes Augmented Reality (AR) and Virtual Reality (VR) technology, Web 3.0 technology as well as some areas on Data Analysis and Data Science. Together, we’re developing solutions that enhance security and expand the possibilities of decentralized commerce.”
With an aim to empower the world with Web3, BidNow invites investors, buyers, and sellers to join this transformative journey toward Web3. For more information and partnership opportunities, please visit BidNow.
