## What Is BIDSHOP (BIDS)?
The first fully privatized on-chain Auction House introducing new ways to generate liquidity for web3 assets | Backed by Kucoin and Republic Capital

## What makes BIDSHOP unique?
BIDSHOP has created an unprecedented encryption method to privatize values on any EVM. By coupling the Polygon network with the Secret network’s privacy protocols, BIDSHOP is able to harness the liquidity from EVM chains, while encrypting bids using Secret’s customizable contracts.

## What can the $BIDS token be used for?
BIDSHOP tokenomics: Inspired by Solidly ve(3,3) and LooksRare revenue share BIDSHOP is proud to introduce the first ve(3,3) model with arbitrage integrated into the platform.
The $BIDS token is what enables users to participate in this mechanism, either by staking LP $BIDS/WETH or by directly staking $BIDS

## Who are the BIDSHOP team members?
BIDSHOP’s team consists of over 10 members from more than 3 countries across the world. Over 6 blockchain devs who boast more than 5 years of experience, as well as a number of marketing and BD experts who have worked with some well-known and established NFT marketplaces and DeFI projects in the past 3 years. The team has also previously launched projects on a number of high-profile exchanges accumulating the following stats:

#### Related Pages:
Learn more about BIDSHOP [here](https://bidshop.gitbook.io/bidshop-platform/).

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