Fun filled auctions to Win Amazing Deals. Choose from 7+ types of different auctions. Automate using BidBots*
NFT’s for digital assets, charity, artwork and gratitude. Mint, list, trade, sell and buy NFT's like never before. These NFT's can be auctioned on various BiG Auctions at BiG Deals.
A place to list your offerings for auctioning and maximise your earnings. Choose from Discreet auction, English auction, Vickrey Auction and more.
BiG Deal takes it social responsibility obligations seriously, hence BiG DEAL BiG Charity Auctions to raise funds for worthy causes
Launch your initial tokens the google way using Dutch auction. Leverage the most transparent and fair mechanism of raising funds for your next project
BiG Deal enables companies to offer their offerings (Services / experiences / products) for free or at deep discounts for promotion.
BiG Deal is deployed on the popular Solana Blockchain. Down the road, BiG Deal plans to be a multichain ecosystem with support for Ethereum, Polkadot, Polygon and Binance Smart Chain.
Sharing below BiG Deal White Paper with comprehensive details of the project to help you understand more. For any discussions or queries we are just an email away. Write to us on firstname.lastname@example.org.
|Seed Sale Investors||2.0%||20M||5%||2% after 1 week, 7.5% linear release every month|
|Private Sale Investors||8.0%||80M||8.0%||2% after 1 week, 10% linear release every month|
|Public Sale Investors||5.0%||50M||20.0%||20.0% linear release every month (for 4 months)|
|Management Team||15.0%||150M||0.0%||Cliff: 12 months, Release : linear for 20 months post cliff|
|Future Development||20.0%||200M||0.0%||Cliff: 8 months, Release : linear for 24 months post cliff|
|Advisors & Partners||10%||100M||0.0%||Cliff: 5 months, Release : linear for 20 months post cliff|
|Marketing, Promotion & Rewards||30.0%||300M||0.0%||10.0% linear release every month|
|Liquidity Pool and Exchanges||8.0%||80M||30%||10.0% linear release every month|
|Initial Market Cap||$2.44M||Initial Supply||150M|
The roadmap visually represents BiG DEAL's strategic plans from February 2022 into April 2023 and beyond. Critical activities and milestones are identified against the timeline to get all stakeholders, users, investors, executives, advisors, and the entire project team aligned on a singular strategy for greatest integration, efficiency, and impact.
BiG Deal is an online blockchain based decentralized platform with a focus to OFFER AMAZING DEALS TO IT’S COMMUNITY. BiG Deal finds business cases & situations which can be translated to deals.
On BiG Deal platform one can participate and win
BiG Deal platform can also be used to launch your own tokens using Dutch Auction (as popularized by Google and Algorand).
All in all, the core objective of BiG Deal platform is to offer amazing deals to its participants - hence the name "BiG Deal".
$BiG is the underlying token of BiG Deal platform. It is powered by the Solana blockchain. Its price will be determined by market forces. BiG tokens can be purchased over exchanges and liquidity pools.
PLAYs are used for placing bids on the item that you want to purchase. The price of a PLAY is predetermined and will be between $0.10 and $0.40 (USD). PLAYs can be purchased on BiG Deal platform with the help of $BiG tokens. A bid can be of one or more PLAYs. The number of PLAYs that a “bid” comprises will change according to the product value and definition.
With the intention of fully decentralizing BiG Deal platform, we want to dilute the dependency on the largest single point of failure (the team) and create a democratized model that can evolve in entirely new ways and will always ensure the best intentions and actions for the platform.
BiG Deal decentralized governance system will replace the administrator system with community governance, allowing the governing body members to suggest, debate, and implement changes to the platform. Governors will have to stake their $BiG tokens to get voting power. Voting power is equal to the number of $BiG tokens staked.
Gambling has never rested comfortably in most parts of the world. But to get a clear picture, it is important to understand the extent of gambling. Most of the governments employ a “dominance factor” in their definition of gambling. This dominance factor determines the amount of skill (legal act) and luck (illegal gambling) involved to differentiate between the two.
Let us understand this with the help of an example. We consider 2 very popular games: Roulette and Poker (Texas Hold’em). While a lot of skill is required to play Poker (Texas Hold’em), Roulette is purely based on luck. Poker involves manipulating the expectations of the other players relative to your own expectations about uncertain outcomes. So through experience, training, and mental prowess, some players would grow to be better at this than others. This is not the case with Roulette. Here, the chances of winning depend purely on luck and can never be statistically or mathematically predetermined. Hence, winning in Poker requires skill, and winning a round of Roulette requires luck.
The same is with Big Deal. All of the auction models that are present on BiG Deal platform are skill dominant, i.e., these are not considered a game of chance/luck. Skill dominates BiG Deal model. Hence BiG Deal is NOT GAMBLING.
However, please note that we are open to having a few auction/bidding models wherein chance is dominant(rather than skill). This is purely because of market and participant demands for BiG Deal platform. Whenever this happens, BiG Deal will always get the requisite licenses, clear all compliances and make sure we follow all laws of the land. Whether BiG Deal falls under gambling or not - is also a function of the local laws of the participants. As a business entity BiG Deal will have all the legally required licenses to conduct all sort of auctions and lottery events.
There is a lot of fairness in the Dutch auctions. The company decides the number of shares or products that it wants to sell and the market determines the price at which it could be sold or bought. The company sets a reserve price and initial price on the product. For example, let us say that a handbag manufacturing company wants to sell 500 bags. It sets the reserve price of 1 bag as $1 and the initial price as $10.
When the bidding starts, the reserve price is not made public. None of the bidders know the reserve price set by the company for the bag. The initial price is reflected. As the auction starts, the initial price of the product keeps decreasing periodically until all the products (bags in this case) are sold. If there are three buyers bidding for the bags.
Auction starts with $10 for each bag
Alice: commits $250 || $10 for 1 bag => 25 bags => number of bags left to sell = 475
Bob: no bids
Carl: no bids
Price drops to $5 in equal time intervals with each drop of 1$
Alice: has already committed $250, but since Bob now bids at the rate of $5, Alice will get a total of 50 bags
Bob: committed 150$ || $5 for each bag => 30 bags => number of bags left to sell = 500-50-30 = 420
Carl: no bids
Price drops to $2 in equal time intervals with each drop of 1$
Alice: has already committed $250, but since Carl now bids at the rate of $2, Alice will get a total of 125 bags
Bob: has already committed $150, but since Carl now bids at the rate of $2, Bob will get a total of 75 bags
Carl: committed 600$ || $2 for each bag => 300 bags => number of bags left to sell = 500-125-75-300 = 0
Since the supply of bags to be sold is finished, the auction will end. Alice, Bob and Carl will all get the bags at the rate of $2 which is between the reserve price ($1) and the initial price ($10).
To participate all you need is PLAYs. Incase you not have PLAYs they can e converted from $BiG tokens on our platform. Please note that we might also support getting PLAYs by submitting other tokens like ETH, BTC, USDT etc.
BiG Deal plans to support multiple chains. BiG Deal’s first implementation is on the popular Solana blockchain. Down the road, BiG Deal plans to be a multichain ecosystem with support for Ethereum, Polkadot, Polygon and Binance Smart Chain. The objective of supporting multiple chains is to reduce dependency on a single chain. Also it increases versatility and applicability since a lot of people around the world will be more comfortable with BSC or ETH or other chains. BiG Deal, being a consumer driven platform, should be easily utilizable by as many people as possible.
BiG Deal is part of the GlobalVox group (a company headquartered in the United States). GlobalVox is a software consultation and development organization with expertise in Cloud, Java, MEAN/MERN stacks, Oracle (Gold Partner) and Blockchain. BiG Deal will be registered as an independent legal entity under GlobalVox in Costa Rica.
Each engagement activity at BiG Deal has been conceptualized to as to maximize the winning/earning probability for its participants and community members. The unique Win-Win-Win model - which is applicable for most of the engagements at BiG Deal - ensures
In most of the auctions at BiG Deals - the non-winners get a fair chance to square off their losses. If excercised there will be ZERO loss to the non-winning participant.
BidBots can automate bids for a participant. Let the system run the show for you. This makes sure that - you don't forget to bid due to other distractions. Meticulous rules can be set and configured for the BidBots. The bidding never stops!!