CrowdKode (soon to be Microbid at microbid.com) features crowd-powered
Auctions where members
can turn almost anything into a winnable Auction where the winning Bidder pays
just 1% of the price and
the Seller(s) always get 100% of their full asking price.
Members place "micro" bids in $.001 increments at a time (10 of these = 1 penny) - and pay as little as $0.25-0.30 per bid (to make each $.001 bid).
When an Auction reaches its minimum reserve price (usually 1% of the face value of the item (or service) being auctioned, it enters a Last Chance Phase where all bidders have 59 additional seconds to place their best and final offer bid - or the highest bidder (who placed the bid that reached the Reserve Price) automatically wins the Auction.
In addition, their is a fairly low maximum cap placed on Last Chance Bids to help prevent members from wasting too much time or spending too many bids.
And, if more than 1 Bidders bids the max, then the Bidder with the highest Last Chance Bid and highest Loyalty Score (ie. total Stars) wins the Auction.
And what makes this the most unique Auction platform in the world is that higher valued Auctions can have "ComboBids" on/enabled, which means bidders of all similarly priced Auctions are "combined", creating Auction Winners faster - by allowing minimum reserve prices to be reached faster. And, what makes this the best platform in the world - is the Loyalty + Rewards...
Loyalty Stars are our way of rewarding longevity.
You can use them to redeem rewards
and services (to help build + grow
your own Businesses, Companies, Startups, Ideas and Projects) - but, they
also help you earn more Daily Instant Rewards
and win more Auctions.
Loyalty Program Highlights:
If you already have an account - create an Auction now...you can always hide and edit it later.
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Members place "micro" bids in $.001 increments at a time (10 of these = 1 penny) - and pay as little as $0.25-0.30 per bid (to make each $.001 bid).
When an Auction reaches its minimum reserve price (usually 1% of the face value of the item (or service) being auctioned, it enters a Last Chance Phase where all bidders have 59 additional seconds to place their best and final offer bid - or the highest bidder (who placed the bid that reached the Reserve Price) automatically wins the Auction.
In addition, their is a fairly low maximum cap placed on Last Chance Bids to help prevent members from wasting too much time or spending too many bids.
And, if more than 1 Bidders bids the max, then the Bidder with the highest Last Chance Bid and highest Loyalty Score (ie. total Stars) wins the Auction.
And what makes this the most unique Auction platform in the world is that higher valued Auctions can have "ComboBids" on/enabled, which means bidders of all similarly priced Auctions are "combined", creating Auction Winners faster - by allowing minimum reserve prices to be reached faster. And, what makes this the best platform in the world - is the Loyalty + Rewards...
The Best Loyalty Program on the planet
Loyalty Stars are our way of rewarding longevity.
You can use them to redeem rewards
and services (to help build + grow
your own Businesses, Companies, Startups, Ideas and Projects) - but, they
also help you earn more Daily Instant Rewards
and win more Auctions.
Loyalty Program Highlights:
- Nearly every Auction has a Consolation (ie. 2nd) Auction Winner
- Earn 10% Referral Commissions (from: Bids, Member Upgrades, etc)
- Earn 5% Bonus when you refer someone who wins an Auction
- Earn Daily Instant Rewards
- Become a Preferred Vendor to be a provider to won Auctions
Upgrade to CrowdKode+ to
boost
your Auction's visibility - and improve your chances of earning Daily
Instant Rewards.
If you already have an account - create an Auction now...you can always hide and edit it later.
