Published 1 year ago • 3 minute read

CoinBlast Launches World’s First Cryptocurrency Bidding Platform has recently launched the world’s first cryptocurrency platform. With a robust and well-developed strategy, the company is in to help crypto enthusiasts save up to 95% when buying various coins and tokens. On May 7, 2023, CoinBlast announced on its Twitter account that the platform is available for worldwide crypto investors. 

A New Innovation in the Crypto Industry

CoinBlast, the world’s first cryptocurrency bidding platform, has recently launched its platform and made it available worldwide. This revolutionary platform is the first of its kind to introduce an auction model to the realm of cryptocurrency. CoinBlast's goal is to streamline the purchase process, minimizing costs and injecting excitement into every crypto-purchase transaction, with up to 95% savings on the purchases. aims to revolutionize one of the simplest processes in the crypto industry: buying cryptocurrency. And to do that, the company has taken a long-known and very smart strategy, the auction model. 

Even though auctions have yet to be widely used in the crypto industry over time, it seems that CoinBlast found a way of making this idea suitable for being widely adopted by millions of crypto enthusiasts worldwide. 


How Does CoinBlast Work? 

When trying to understand how CoinBlast works, you can think of how eBay started, but with a little remix. However, in CoinBlast’s case, no minimum and final price is set for an auction. 

Thus, every auction on CoinBlast starts at $0. Any user can bid on any auction, and each bid placed on an auction will increase the price by $0.01. To bid in an auction, users are required to purchase BID tokens. A BID token’s price can range between $0.10 and $0.30. So, when bidding, users give 1 BID token to place the bid, and the auction price increases by $0.01, but the BID price is a little bit higher. 

Each bid placed for an auction changes (rises) the timer for the auction by several seconds, which is how a user can win crypto in the best prices. The winner receives the amount of crypto they won automatically, and the process can take between a few seconds and a few hours, depending on the used cryptocurrency network.

Thus, let’s take an example. Bob uses CoinBlast to save up to 95% when buying crypto. He sees an auction for 300 Tether (USDT). The auction price starts from $0, and users start bidding. After multiple bids, the auction price reaches $7.21. Bob places the final bid, and after the timer ends, Bob receives 300 USDT. Of course, Bob is required to pay a small fee for the transaction and has to exclude the BID tokens he used for bidding. However, Bob still wins almost 300 USDT for an auction price of $7.21. 

CoinBlast is indeed innovating the crypto industry, as it is the world’s first cryptocurrency bidding platform. Currently, CoinBlast supports 16 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Binance (BNB), Tether (USDT), USD Coin (USDC), Dash (DASH), Litecoin (LTC), Tron (TRX), Monero (XMR), Cardano (ADA), Dogecoin (DOGE), Uniswap (UNI), Avalanche (AVAX), Shiba Inu (SHIB), Polygon (MATIC), and Ripple (XRP) and expands it's offer all the time adding new coins and tokens. 

CoinBlast also offers various rewards to incentivize user engagement. New registrants receive a welcome bonus of up to 300% on their first purchase. Additionally, the platform offers a reward of up to $1,000 for each invited friend, making it's affiliate program one of the most profitable. To further encourage active participation, users are challenged to complete quests for rewards and can access numerous benefits through Rewards program, and in the end start participating in high-volume acutions in a special section called VIP Room. 

Joining is completely free of charge, anyone around the world can start Cryptocurrency Auctions Journey even today.

Learn more

If you want to learn more about CoinBlast, its latest updates, and events, do not hesitate to check the official CoinBlast website, as well as follow the world’s first crypto bidding platform on Telegram, Twitter, Discord, YouTube, Medium, and Facebook.



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