BID is the governance currency of the TopBinder protocol, used for protocol revenue, Yield Farming, and subsequent project governance. In the early stages of project initiation, in order to improve decision-making efficiency, the development team will have decision-making power. As the ecology gradually improves, the decision-making power of the team will gradually shift to the community.In the early stages of project initiation, after artists signed contracts through the platform, some of the released rNFTs had the function of casting BIDs during auctions. The release speed of BID is related to the number of works submitted by artists, with approximately 12 million copies issued annually;The Top Bidder DAO will be activated after the BID is distributed to a certain stage, and the DAO will vote to determine the setting of various parameters in the auction system. The governance adopts a quadratic voting mechanism;The governance currency BID has the function of collateral mining and sharing agreement profits.
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