Author

Topic: [ANN] Penny Auction for altcoins {* BETA testing + 100 free bids *} (Read 3137 times)

newbie
Activity: 32
Merit: 0
newbie
Activity: 32
Merit: 0
LTNS everyone!

I just fixed a server crash when place a bid.  Wink
newbie
Activity: 32
Merit: 0
I get busy these days to make real money in this world :p

I will update once I have a chance to work on it.
newbie
Activity: 32
Merit: 0
Nice project, hopes the Bitcoin community gives you a chance! Free bump!

Thanks for your feedback! Smiley
sr. member
Activity: 266
Merit: 250
Nice project, hopes the Bitcoin community gives you a chance! Free bump!
newbie
Activity: 32
Merit: 0
Interesting but I'm not liking the layout very much.  Best of luck to your project!

Thanks for your feedback!

Do you have any idea or favorite to upgrade PennyChamp site?

full member
Activity: 224
Merit: 100
GOOD Dev
Interesting but I'm not liking the layout very much.  Best of luck to your project!
newbie
Activity: 32
Merit: 0
Ron Paul coin image updated.

Cheers, RPC!
newbie
Activity: 32
Merit: 0
Beta testing is still on going.

I am trying to narrow existing bugs until releasing the final beast.

Thanks to all
newbie
Activity: 32
Merit: 0
Beta Testing rewards sent to two testers. (happy*, aure*)

I appreciate your help.
newbie
Activity: 32
Merit: 0
Since this is Beta testing, I will refund your BTC fully.

Thanks
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Close to finalize 3rd Beta.

Please use free bids in your account for boosting up testing.

Thanks

I won a Doge auction, thanks.  Smiley
Will they be sent automatically once the BTC payment clears?
newbie
Activity: 32
Merit: 0
Close to finalize 3rd Beta.

Please use free bids in your account for boosting up testing.

Thanks
newbie
Activity: 32
Merit: 0
Planning to jump in again by 3/26 after long vacation.

Feel free to give a feedback.

Thanks
newbie
Activity: 32
Merit: 0
if you won any auctions, please place an order for testing.

you dont need to pay, but it is okay to pay because i will revert it back to you.

Btw, I added more auctions to test.

thanks
newbie
Activity: 32
Merit: 0
But if the price goes over what it's worth then the bot will just not make any more bids.

The current auctions are ONLY for testing purpose. The actual products will be different.
Penny auction is risky btw. I am still looking for a solution to prevent bots.
Thanks Smiley
member
Activity: 84
Merit: 10
What's to stop me from making a bot that will bid on items with prices below their value; doesn't that defeat the purpose?

You might eventually lose money based on the cost of the bids (ie your bot loses to another bot or human)

But if the price goes over what it's worth then the bot will just not make any more bids.
newbie
Activity: 32
Merit: 0
What's to stop me from making a bot that will bid on items with prices below their value; doesn't that defeat the purpose?

You might eventually lose money based on the cost of the bids (ie your bot loses to another bot or human)

Again, I don't have any bot. What's the reason you said I am going to lose money?
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
What's to stop me from making a bot that will bid on items with prices below their value; doesn't that defeat the purpose?

You might eventually lose money based on the cost of the bids (ie your bot loses to another bot or human)
newbie
Activity: 32
Merit: 0
Feel free to jump in auctions to clear 3rd Beta.

Don't mind to order won auctions. (you don't need to pay) I will revert it fully back if you pay.

Thanks!
newbie
Activity: 32
Merit: 0
Hate to break it to you, but if there's money to be made, people (maybe even me) will make bots.

I agree, but there is no way to block bots.
member
Activity: 84
Merit: 10
I hope there is no bot. Wink

Hate to break it to you, but if there's money to be made, people (maybe even me) will make bots.
newbie
Activity: 32
Merit: 0
Just for giggle, how about entering a simple captcha, like a calculation, every 5 bids lol.
That way I can prevent bots.. will prevent humans also. *argh*
newbie
Activity: 32
Merit: 0
Looks pretty well designed, I hope it catches on.

Thanks!

What's to stop me from making a bot that will bid on items with prices below their value; doesn't that defeat the purpose?

I hope there is no bot. Wink
member
Activity: 84
Merit: 10
What's to stop me from making a bot that will bid on items with prices below their value; doesn't that defeat the purpose?
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Looks pretty well designed, I hope it catches on.
newbie
Activity: 32
Merit: 0
3rd Beta testing session started! Bug finders will get rewarded!

Cheers Shocked
newbie
Activity: 32
Merit: 0
We started 2nd beta testing session. Come and join for testing!

https://pennychamp.com/
newbie
Activity: 32
Merit: 0
ANNOUNCEMENT:
- PennyChamp.com is opened for BETA testing. Feel free to sign up for testing.
- Initial 100 bid amount added for new comers.
- Any comment or recommendation will be much appreciated!


The idea of this site is:
- you can pay bitcoin to purchase bids. (currently only accept bitcoin - Blockchain API - minimum transaction amount is applied by Blockchain: 0.001 BTC)
- you can bid on auction items by the numbers of bid you purchased.
- starting auction items will be Ron Paul coins. (can be added other altcoins later)
- increment per bid is 1 cent.
- if you win, you will pay the amount of the highest bid.
- coin holder will send an email to ask your altcoin wallet address.
- once the address has received, the owner will send the winning amount of altcoin ASAP.
- bot free! no fraud!

What is Penny Auction?
- https://pennychamp.com/Help/HowItWorks
- wiki ref : http://en.wikipedia.org/wiki/Penny_auction

Original Thread
- http://ronpaulcoin.cryptotycoons.com/RPCForum/index.php?topic=201.0
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