Bitcoin Forum

Hello everyone!

I'm Xian from the DigitalNote (XDN) Foundation. Recently we have held an auction for 20M XDN, that has ended with TwinWinNerD (https://bitcointalk.org/index.php?action=profile;u=16614) successfully taking the whole lot for 20.2 BTC. We have 30M XDN more to sell, that we have collected during the Foundation's crowdfunding campaign, but instead of selling them all together in one huge lot, we will divide it into smaller parts, as was suggested by dNote (https://bitcointalk.org/index.php?action=profile;u=337733) here: https://bitcointalk.org/index.php?topic=1097352.msg11700275#msg11700275

So right now we are opening the second round of the auction. Here are the terms of the auction:

1. We are auctioning off a lot of 12 million XDN. The auction starts at 9 AM UTC on Thursday, July 2nd.
2. The starting price is 80 satoshi per 1 XDN, which amounts to 9.6 BTC for the whole lot. This bit was made by the user hodlbananas (https://bitcointalk.org/index.php?action=profile;u=360186) in this post: https://bitcointalk.org/index.php?topic=1072773.msg11753795#msg11753795
3. To prevent suspicious/fraudulent attempts at price manipulation, it is mandatory for all participants to register before making their bids. To register for the auction you have to:
- Deposit 1 BTC to the Foundation's official BTC wallet: 126HUywBNBzJB68FawtnZ9aq9Y2CwXMu8J. All deposits will be returned to their owners in full, upon the end of the auction.
- PM me with a link to the transaction with your deposit and express your intention to take part in the auction.
Users don't have to register in advance: you're free to register and make bids at any time until the end of the auction. All bids that were made without registering with me will be considered invalid.
4. After the auction starts on Thursday, everyone who has registered are free to make their bids here, in this thread. The auction will last for 4 days until 8 AM UTC (or 12 noon EDT) July 6th, upon which moment the lot will be transferred to the highest bidder at the time.
5. To allow for a more fair price establishment on the lot (regarding which we have received several complaints), we are establishing the minimum price increment as 1 satoshi per XDN and allow for extending of the auction for 10 more minutes after each consecutive bid: what that means is that if someone makes a last-minute bid, the time term of the auction is automatically extended by 10 more minutes, allowing anyone else to make their own bid and extend the auction for 10 minutes more, until someone places a bid which nobody will overbid within the 10-minute window.

Thank you for your attention and let's start.

Nice! Looking forward to (hopefully) winning this auction!

no bids yet? lol

81 satoshi per XDN

I have a question actually: do I have to make a deposit for my bid to be valid, or am I good?

Yes, you have to make a deposit for your bids to be valid, regardless of your conduct in the past auctions.

OK, I've deposited the money, check your wallet. My next bid is 83.

84 per XDN

85

86 per XDN

88

89 per XDN

I bid 90.

91 per XDN

92

93

94

95

Hello everyone!

I wanted to point out a mistake in the OP: the end time for the auction was stated incorrectly for the UTC timezone. The EDT time is correct: 12 noon, and the correct time for UTC is 4PM, so the auction ends in 5 hours and 20 minutes.

If you still haven't made your bid, hurry before the auction ends.

This is intense. I bid 96.

For you.

New offer 97 per XDN

Would be very cool if
the lot sells at least
+1 over the last one :
Be XDN generous &
Show Us Your Faith !
 ::)

98

99 per XDN

All right, this is my last bid, after which increasing the price for the not-so-big stake seems to be rather unreasonable: 100.

Quit whining.
101

I bid 103sats/XDN

Xian please confirm my win and contact me for further instructions via PM. Thanks!

Hello. According to the rule n.5 your bid has extended the auction for ten minutes, until 4:09:53 UTC. If nobody places a bid until that time, the lot will be yours.

I see, didn't see the new rule there. Thanks for the heads up

104!!!

105

finally :D

All right, gentlemen. Since the 104 bid made by DuckAuctionWinner was placed after the ten-minute window, the lot goes to TwinWinNerD (again!) at a price of the last valid bid, which is 103 satoshi per XDN. Let's move the discussion to PM.

Very good respect of rules : congratulation !
... and congratulation too to the winner, of course :-)

Yo guys, nice work on the auction. It's a shame that I can't participate due to the lots being so big, but I'll still be watching this closely  8).

this is a fucking scam isn't it? ;)

all these newbie account bids.