Bidcoin Whitepaper
  • ✅Whitepaper 1.7
    • 💣From Inspiration to Innovation
      • ⚠️Risk Assessment
    • 👊Table of Contents
    • Introduction
    • Core Concept
    • Auction Mechanics
    • Token Rewards & Burning
    • Profit Distribution
    • Tokenomics & Allocations
    • Presale & Airdrop
    • Non-Custodial and Non-KYC Principles
    • 🏦 StakeBack Feature
    • 🔥BurnBack Feature
    • 🔑Conclusion & Key Takeaways
  • 💹Competitive Analysis
  • 🥷Team & Contributors
  • 📢Marketing Strategy
  • 🗓️Development Roadmap
  • 🖥️Arbitrum Choice & Future Considerations
  • 🤖Optional User-Controlled Bidding Bot
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  1. Whitepaper 1.7

Token Rewards & Burning

PreviousAuction MechanicsNextProfit Distribution

Last updated 2 months ago

4.1 Reward Phases (Pre-Reserve vs. Post-Reserve)

  1. Before Reserve: Bidders earn 2X BID tokens per bid. This encourages early participation, even when the displayed price is well below the asset’s real value.

  2. After Reserve (FOMO Mode): Bidders earn 1X BID tokens per bid. Here, participants can also burn BID tokens for free bids, introducing a tactical element to late-stage bidding.

In FOMO mode, bidders can burn their BID tokens to obtain free bids. As an added incentive:

  • 5% Return on Burned Tokens: Users receive 5% of their burned tokens back, effectively reducing net token consumption while still promoting deflation.

  • Deflationary Mechanic: Since 100% of the burned tokens are permanently removed from circulation, the overall supply diminishes over time

4.2

✅
BurnBack Feature