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This is a great product, I will be implementing this into Mokimarket for instant bitcoin transfers.
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Last night winner paid $0.11 cents for .51 bitcoins http://www.mokimarket.com/auction_details/931Each auction is progressive, meaning the bitcoin payout increases with each bid. Payout= .5 + .01*(# of bids) Bitcoins Check out tonight's auction here: http://www.mokimarket.com/auction_details/932MokiMarket is an first online flea market for penny auction. We allows users to free barter items in a revolutionary fun way. Absolutely no money is ever needed to use any feature on the site ever. |
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I really dislike this kind of "auction" where the sale prize has little connection to the real value of the offering. It's the bidding fees that pay for the goods.  To top it off, this auction was falsely advertised. 0.5 BTC was advertised as having a "retail value" of 5$. Keep in mind that you don't need to pay anything to play, you can just as easily post items for free and earn credits to bid on other items. It's a bartering site first, and penny auction site second because that added twist makes the auctions fun. But you don't need to give me a dime to use any feature on the site. Regarding the "retail value" it's sort of hard to put a real value on progressive auctions because the payout could be .5 or 4.5 bitcoins. But they way the site is designed you have to put a number there. |
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Last night winner paid $0.12 cents for .52 bitcoins http://www.mokimarket.com/auction_details/929Each auction is progressive, meaning the bitcoin payout increases with each bid. Payout= .5 + .01*(# of bids) Bitcoins Check out tonight's auction here: http://www.mokimarket.com/auction_details/930MokiMarket is a bitcoin friendly online flea market of great deals. We've been around of 6 months with a solid reputation for delivery of products and customer satisfaction. No money is required to use any feature on the site. Barter,sell, or place bids on products. |
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Auctioning off bitcoins every day this week and next week. Each auction is progressive, meaning the bitcoin payout increases with each bid. Payout= .5 + .01*(# of bids) Bitcoins Tonights auction is here: http://www.mokimarket.com/auction_details/929Come wins some bitcoins for pennies on Mokimarket! |
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Here is the final of the current contest as of February 1, 2012. Congrats to our winners rcorbitt and notgonnastop. Stay tuned for the next contest!
Top Sellers
1) rcorbitt: 38 shipped items
2) cory: 12 shipped items
Top Buyers:
1) notgonnastop: 28 won and paid for items
2) bwagner: 17 won and paid for items
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***Update***
Here is the status of the current contest as of Jan 23, 2012. I will be posting weekly updates until the end of the contest.
Top Sellers
1) rcorbitt: 32 shipped items
2) cory: 12 shipped items
Top Buyers:
1) notgonnastop: 21 won and paid for items
2) bwagner: 13 won and paid for items
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In an effort to promote our auction site we are currently running a promotion where users can earn up to 10 free bitcoins:
**Top Seller**
Whoever auctions off the most products on MokiMarket by January 31, 2012 at midnight will receive 5 bitcoins. Posting auctions is free and can be physical or virtual goods. Must mark all won items as shipped by deadline and maintain a positive feedback rating.
**Top Bidder**
Whoever wins the most products on MokiMarket by January 31, 2012 at midnight will receive 5 bitcoins. All items must be paid for by deadline.
Our site has a feedback rating system to weed out reputable sellers, we have been around for almost 4 months with very minor issues. Check us out.
I like this site but the feedback model is completely outdated and risky to yourself. What if I leave negative feedback and claim the guy scammed me. Ebay had to get rid of 'negative feedback' because of legal threats. The seller can launch legal action against you with a few lawyer forms from some fly by night Florida internet lawyer and sue you for defamation of character for the negative feedback. This is what I mean by a whole new model needs to be though up. Right now your site is doing fine but if you get larger and start getting bigger sellers they will do whatever they can to scam their bad feedback away through lawyers. Just my $0.02 I see your points but what are the alternatives? There needs to be some mechanism for buyers to rate sellers. |
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Here is the status of the current contest as of Jan 15, 2012. I will be posting weekly updates until the end of the contest.
Top Sellers
1) Cory: 8 shipped items
2) rcorbitt: 6 shipped items
Top Buyers:
1) bwagner: 5 won and paid for items
2) bwagner: 4 won and paid for items
**Top Seller**
Whoever auctions off the most products on MokiMarket by January 31, 2012 at midnight will receive 5 bitcoins. Posting auctions is free and can be physical or virtual goods. Must mark all won items as shipped by deadline and maintain a positive feedback rating.
**Top Bidder**
Whoever wins the most products on MokiMarket by January 31, 2012 at midnight will receive 5 bitcoins. All items must be paid for by deadline.
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In an effort to promote our auction site we are currently running a promotion where users can earn up to 10 free bitcoins:
**Top Seller**
Whoever auctions off the most products on MokiMarket by January 31, 2012 at midnight will receive 5 bitcoins. Posting auctions is free and can be physical or virtual goods. Must mark all won items as shipped by deadline and maintain a positive feedback rating.
**Top Bidder**
Whoever wins the most products on MokiMarket by January 31, 2012 at midnight will receive 5 bitcoins. All items must be paid for by deadline.
Our site has a feedback rating system to weed out reputable sellers, we have been around for almost 4 months with very minor issues. Check us out.
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Here is the status of the current contest as of Jan 15, 2012. I will be posting weekly updates until the end of the contest.
Top Sellers
1) Cory: 8 shipped items
2) rcorbitt: 6 shipped items
Top Buyers:
1) bwagner: 5 won and paid for items
2) bwagner: 4 won and paid for items
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This seems to be a prime use for Bitcoin: A place for online auctions but without the Ebay restrictions and fees. A few have been made, like Biddingpond, bitbid, and a few others I can't remember, but none of them seem to have more than a small handful of auctions at any time.
What is missing from these websites that would make them take off?
Please add mokimarket.com to your list as we are currently the only penny auction site that accepts bitcoins  |
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