### What is SuperBid?

SuperBid is a cryptocurrency token utilised within a social auction app that connects fans with influencer-led auctions for items, experiences, and NFTs. It integrates live shopping, online auctions, and influencer marketing, serving as a utility token for bidding in auctions and facilitating a blockchain-integrated financial ecosystem.

### How does SuperBid work?

SuperBid operates on a decentralized blockchain network, using a combination of cryptographic algorithms and Proof of Stake (PoS) consensus mechanisms to ensure security and transparency. This setup supports the app's auction and raffle functions, allowing users to bid on items and experiences in a secure and transparent manner.

### What are the potential use cases for SuperBid?

SuperBid functions as a utility token within its social auction app, serving a range of real-world applications. These include:

- Bidding on online auctions and raffles
- Facilitating influencer-led auctions for items, experiences, and NFTs
- Engaging in live shopping and participation in NFT marketplaces

These use cases position SuperBid as a significant player in industries such as e-commerce, influencer marketing, and NFT marketplaces.

### What is the history of SuperBid?

SuperBid was co-founded by Patrick Gajda and Wojchiech Sobczuk to integrate cryptocurrency into social media. Key historical milestones include joining a mission to place cryptocurrency on the Moon's surface in 2022, and sponsorship of high-profile events such as Logan Paul's fight with Floyd Mayweather. The platform focuses on combining proof-of-work technologies with socially engaging features, growing a global community and market presence.

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