CreatorBid Partners with Binance for $2.5M Token Sale with KYC Verification
CreatorBid has teamed up with Binance Wallet to conduct a public token sale aiming to raise $2.5 million by offering participants BID tokens at $0.025 USDC each. The sale represents 10% of the total token supply with a fully diluted valuation of $25 million. A distinctive feature of this sale is the implementation of Know Your Customer (KYC) verification to prevent bot activities and ensure fair distribution via Binance’s Keyless Wallets. Set to start on January 23, 2025, at 9:00 AM UTC, tokens will be fully unlocked at the Token Generation Event (TGE) and distributed within two hours post-sale. The BID token will trade on both Base and BNB Chain, highlighting its multichain strategy. Participants can purchase up to $500 USDC worth of BID tokens per wallet, and any fraudulent tokens released before the subscription’s end will be flagged. This collaboration underscores the secure environment Binance provides for token sales, emphasizing its market credibility. CreatorBid is an AI Creator Economy platform that enables users to create, grow, and monetize AI agents, utilizing digital tokens for collaborative community engagement.
Neutral
The impact of CreatorBid’s partnership with Binance for a token sale is categorized as neutral due to several factors. While the initiative might provide a boost to CreatorBid and its token through the introduction to Binance’s vast user base and add credibility through KYC measures, it does not significantly affect the broader cryptocurrency market or investor sentiment across other tokens or chains. Such token sales are common, and their outcomes typically stay localized unless they introduce revolutionary technology or widespread market implications. In this case, the BID token’s multichain support and the use of Binance Wallet are notable but do not inherently drive market or investor behavior on a wider scale.