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uBIDUP - Fair bitcoin unique price acutions

Started by alimakota , Jan 19 2014 03:27 PM

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#1

alimakota
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http://ubidup.com

 

uBIDUP website allows users to bid for digital currencies based on unique auction mechanism. A lowest unique bid auction is a type of strategy game related to traditional auctions where the winner is the individual with the lowest unique bid. Unique bid auction is a form of competition and strategy game where bidders pay a bidding fee to make a bid in order to be able to participate. Auction is ended when required number of bid is reached. In our model we hide only top n bids for give auction. It is making the game more attractive form strategy point of view and as well it gives better transparency. Our goal is to make the game enjoying and fair for all.


For example, a unique bid auction might run as follows:
 

Value Number of bids Comment 0.01 35   0.02 12   0.03 4   0.06 1 Winner 0.07 1   0.08 0   0.09 34  

In above scenario winner is player who bid 0.06. This player will receive a winning price.



#2

BidOle.com
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Hope it works out the last bitcoin penny auction didn't do so hot, our site will be traditional items with focus on on items that are ignored sometimes, we're thinking about accepting alternate currencies as well

#3

Intowinn
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Hope it works out the last bitcoin penny auction didn't do so hot, our site will be traditional items with focus on on items that are ignored sometimes, we're thinking about accepting alternate currencies as well

Do you have an estimated launch date? Also, what kind of products will you have? thanks!



#4

BidOle.com
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Hi intowinn we hope to launch in about two weeks,well be offering all the usual items,but we would also like to offer items harder to come by, such as purses, baby items, sports gear, and many others, launch maybe a little slow as we settle in to the system.

We want people to vote on what items theyd like to see, so we will be implementing a system to do so.

#5

BidOle.com
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Also I submitted this post a couple weeks ago and it was just accepted http://www.pennyauct...9727-bidolecom/ has more info but it's a bit old and we've made some of those decisions already.

#6

Intowinn
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Also I submitted this post a couple weeks ago and it was just accepted http://www.pennyauct...9727-bidolecom/ has more info but it's a bit old and we've made some of those decisions already.

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