Last month, we wrote an article on Moloyo. Unfortunately though, we weren’t able to divulge too much about Moloyo until now. Following a month of “intense, caffeinated nights,” Rob says, “it’s time to spill the beans.”
Taken from it’s homepage, “Moloyo is a new online social community of buyers & sellers. With our integrated social network, bidding system, and real-time statistics, buying and selling online has just become fun again. Why not take the Tour, read our Help, and stop by our Community. You’ll soon find that Moloyo is unlike anywhere else.”
Today, Moloyo is launching exclusively to Penny Auction Watch℠ readers. In order to register and begin using the site, you’ll need to use the promotion code provided below. In the coming weeks, Moloyo will be opened to the public.
With most site launches, there’s potential for bugs. Rob tells us that all bugs he’s found have been accounted for and corrected, but also said he’s trying to expect the unexpected.
Some of Moloyo’s Key Features
- Users bid on auctions started by fellow users
- Both new and used items are accepted
- Ability to list and sell your own items at auction, anytime, absolutely free
- Buyer and Seller Feedback based on user ratings
- Profiles and storefronts, friendships, favorite items, and many more social features
- Ability to set a reserve on your auction
- Sellers first need verified Paypal accounts in order to list an item for auction as added security
- Winning bidders are only responsible to pay the final auction price
- Sellers receive money from both their final auction price value, along with the bid money from their auction
- Real-time statistics- Coming soon
According to Rob, “Moloyo was built for the user. Most pay-per-bid sites are out to make a quick buck, to scam their users, and laugh all the way to the bank. I’m painfully aware of the dearth of decent scripts there are out for for potential site owners; they come with bid-bots to cheat the user, they’re tremendously buggy, and they’re all basic. What Moloyo does is two-fold: Not only are we giving users the option to sell their own items, but we’re connecting the winner with the seller. The days of the user getting the short end of the stick have passed.”
Discuss Moloyo and all other penny auctions in our forum!
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