# Whitepaper 1.7 ## BidCoin Whitepaper Welcome to the [BidCoin](https://bidcoin.live/) Whitepaper, designed to outline our decentralized penny auction model, tokenomics, and community engagement strategy. This document provides a comprehensive overview of BidCoin’s mechanics—from how auctions are conducted and how profits are shared, to the role of BID tokens in staking and burning. You’ll also find details on our presale phases, airdrop plans, and an innovative quest-based approach to onboarding and education. Whether you’re new to auctions or an experienced DeFi participant, this whitepaper lays out the logic, incentives, and trustless architecture behind BidCoin. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.bidcoin.live/whitepaper-1.7.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.