Proveniq Bids

The Liquidity Problem

Selling authenticated physical assets is inefficient:

• High friction — Finding qualified buyers takes weeks
• Trust deficit — Buyers skeptical of authenticity claims
• Price opacity — No transparent market pricing
• Transaction costs — Auction houses charge 15-25% fees

Proveniq Bids solves this with a verified marketplace.

Marketplace Model

Verified Listings Only

Every item on Bids must have:

• Active Ledger provenance record
• Recent Locker verification (< 90 days)
• SmartTag monitoring (for high-value items)

This creates a trust premium that benefits sellers.

Listing Types

Auction Mechanics

Standard Auction Flow

┌─────────────┐
│   LISTING   │  Seller creates listing with reserve
└──────┬──────┘
       ▼
┌─────────────┐
│   BIDDING   │  Buyers place bids over auction period
└──────┬──────┘
       ▼
┌─────────────┐
│   CLOSING   │  Highest bid above reserve wins
└──────┬──────┘
       ▼
┌─────────────┐
│  TRANSFER   │  Ownership recorded on Ledger
└─────────────┘

Bid Increments

• Automatic minimum increments based on current price
• Proxy bidding for maximum convenience
• Snipe protection extends auction if late bids

Reserve Prices

• Hidden from bidders
• Auction only completes if reserve met
• Seller can lower reserve during auction

Pricing Intelligence

Real-Time Valuation

Bids provides market data including:

• Recent comparable sales
• Current listing inventory
• Price trend analysis
• Demand indicators

Price Discovery

Auction results feed back into:

• Core valuation models
• Insurance replacement values
• Collateral assessments

Transaction Flow

For Sellers

1. List — Create listing from Home app
2. Verify — Confirm Locker verification current
3. Monitor — Track bids and buyer questions
4. Complete — Accept winning bid, ship item
5. Transfer — Ledger records ownership change

For Buyers

1. Browse — Search verified inventory
2. Research — Review full provenance history
3. Bid — Place bids or make offers
4. Win — Complete payment via escrow
5. Receive — Item shipped with SmartTag tracking

Fee Structure

Comparison to Traditional

• Auction Houses — 15-25% buyer's premium + seller's commission
• Consignment — 30-50% of sale price
• Peer-to-Peer — High fraud risk, no verification

Trust & Safety

Buyer Protection

• Escrow holds payment until delivery confirmed
• Verification guarantee on all items
• Dispute resolution process

Seller Protection

• Verified buyer identities
• Payment guaranteed before shipping
• Fraud scoring on buyers

Market Statistics