The BID Protocol (BIDP) is a cryptocurrency platform designed to ensure fair launches for various projects. Utilising a 100% on-chain, Dutch auction system, it addresses issues like front-running, witch attacks, and gas wars, fostering a fair environment for all participants. The protocol also provides project owners with a legitimate revenue channel. Operating under the BRC20 standard, the BID Protocol focuses on equitable and transparent processes for issuing new tokens or projects, allowing users and issuers to partake in launches devoid of manipulative practices common in the crypto space. Furthermore, BIDP serves as the governance token, emphasising its importance in the protocol's governance framework.
