Core Concept

BidCoin.live is centered on a simple yet powerful idea: let participants collectively fund the total cost of an asset through incremental bid fees, which keep the “displayed price” of that asset surprisingly low until a final auction countdown.

By the time the displayed price hits a “reserve” point—when enough fees are collected to cover the real cost of the asset—the platform can purchase the item on-chain.

Once the reserve point is reached, FOMO mode kicks in, intensifying competition. Ultimately, the last bidder when the timer runs out wins, paying only the displayed price (far below the real value), while the platform remains fully covered on costs.