The Bidipass token based on Ethereum ERC20

The BDP Token Model

The concept of BDP model comes from the heterogeneous nature of the BidiPass blockchain. This requires financial value in the BidiPass private Ethereum setup for rewarding the Miners – the BDP and also value in the Ethereum mainnet BDP ERC20 token used for exchanging the Miners’ rewards from the private network and for rewarding Decentralized Validators.

The token economy is built around the BDP Token on the Ethereum mainnet. BDP token remain an intermediate value holder which allows for accumulation and conversion to BDP Tokens via the official channels free of charge.

BDP Economic Agents.

Users

BidiPass Authenticator is completely free for users as the costs are absorbed by the different Service Providers.

Miners

Miners are incentivized with authorization requests fees for the transactions of blocks they are adding to the blockchain.

Service Provider

To get users consent to perform actions Service Providers purchase BDP tokens to fuel the entire process.

Validators

To perform data and value transfers between the Ethereum Mainnet and the BidiPass Blockchain, the payloads need to be validated.

BDP Token lifecycle from the Validators perspective.

You can purchase BDP Tokens in the following exchanges.