Announcing Cryptoauction

Hello All,

I am writing to announce the startup of Cryptoauction, a Bitcoin Litecoin and Primecoin auction site with a difference. We use multisignature escrow accounts.
What does this mean for you. Well it means that for an escrow account you have a private key which we don't store and we have a system private key for the item
and both are required to finalise the payment. So when you place your funds in escrow with us for an item there is no single point of failure as there would be with
a "hot wallet" system.

Cryptoauction is the only auction site that offers this facility so far and we feel that multisignature escrow accounts are more efficient than cold storage.

Come have a look and try out the user friendly platform.

We offer

    •   Bitcoin, Litecoin and Primecoin Support (more to come)
    •   Free listing
    •   2.9% Sales commission capped at a maximum commission of Eur 100
    •   Multisignature Item Escrow Accounts
    •   Fully automatic payment processing
    •   Seller review and dispute resolution system

Give us you feedback. Enjoy!

www.cryptoauction.com

www.twitter.com/Cryptoauction

http://bitcoinmagazine.com/11065/cryptoauction-relaunch-will-help-bring-bitcoin-mainstream/

Thank you,

The Cryptoauction Team