
As a kind of digital currency, ICOBID (Symbol: ICOB) is created for fueling ICOBID system. Both miners and stakers secure ICOBID network which performs all transactions, which means ICOBID is a hybrid POW/POS coin. A hybrid POW/POS consensus algorithm completely protects ICOBID network. ICOBID block-time of 60 seconds makes ICOBID transactions almost immediate. ICOBID holders who attempt to maintain ICOBID network will get more ICOBID with 10% staking reward per year which is attractive enough to holders and does not lead to a high inflation of ICOBID’s value. When users have ICOBID, they can participate in ICOBID system. In the system, the users are allowed to publish their ideas and proposals on any fields, vote for ideas they are interested in, become a boss if their ideas win over other ideas to be actualized or get surprising rewards if their voted ideas come true.