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Bitcoin Forum > Economy > Marketplace > Auctions > Progressive Auction: .5 + .01*(# of bids) Bitcoins on MokiMarket!
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mokimarket (OP)
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January 05, 2012, 03:20:20 AM
 #1
Each Bid increases Bitcoin Payout by .01

So if final auction prices is $1.00. Bitcoin payout will be: .5+100*.01=1.5 Bitcoins

http://www.mokimarket.com/auction_details/623
http://www.mokimarket.com/auction_details/624
mokimarket (OP)
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January 07, 2012, 09:37:56 PM
 #2
Auction: http://www.mokimarket.com/auction_details/623

**Winner**: Bwagner
Final Auction Price: $1.53

Bitcoin Payout: 2.03...congrats
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