New Lowest Unique Bid Penny Auction Veibe.com

veibe.com a lowest unique bid penny auction siteDo you like lowest unique bid auctions?

If so, you might want to check out Veibe.com
 Veibe is the new lowest unique bid site. Bid credits cost $1 each and bidding is placed on a grid platform, signals are given by the site indicating whether or not the bid placed is lowest unique, not unique or a potential lowest bid.  veibe
$5 in free bids are received upon registration.

How do the lowest unique bid penny auctions on Veibe.com work?

We recently spoke with a member of the Veibe team, who told us:
“We believe Penny Auctions, if played strategically and intelligently can prove to be an excellent option to win amazing products at a very high discounts. Veibe Auction is based on the concept of Lowest Unique Bid Auction. Our founder has a visionary objective to connect Virtual worlds with real world and Veibe Auction plays a vital role in this plan.
At VEIBE Auction, it’s the  ‘Lowest Unique Bid’ that wins. For each auction, user will be presented with a pre-defined BID Matrix. The BID Matrix will offer the spread in Cents on which a user can place bids. This BID Matrix is dependent on the value of the product being auctioned. BID Matrix enables users to place multiple bids at a time. During this process, the bidders will provided with important hints based on which they can strategize their game plan.
Important features of Veibe Auction:
1. Mobile Device apps for Android and iOS smart-phone and tablet devices.
2. Enhanced support for Web as well as mobile device browsers.
3. Unique feature of ‘Smart Assist’ for exciting strategic support for bidders.
4. Future integration with Veibe Platform for great social experience.”
In order for a user to win an item on Veibe they have placed the lowest unique bid price by the time the auction ends. The end time of each auction is determined by the number of bids remaining to be placed on the item, this acts as a reserve. For instance, on a $25 Best Buy gift card auction 33 more bids must be placed before the item ends determining the winner who holds the lowest unmatched bid price.

How do you like lowest unique bid auctions? Have you tried bidding on Veibe? Join our free penny auction forum and discuss this with us!

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