WHAT IS MICROBID? / FAQ
Microbid is a crowd-powered, member-only network that helps people
turn spare, pocket change into millions (soon
to be billions) of dollars in increased buying power.
Imagine 10M+ to 500M+ people combining just $.30 per day (ie. the cost of a bid) - it would create $3M+ to $150M+ in $1 BuyNow Auctions, Instant Rewards + Spot/Emergency Cash - per day. That’s over $90M+ worth of new purchases (per month) that would’ve never otherwise happened.
Note: We’re live, but
in BETA and still
fine-tuning some things and finishing off a couple of features, but Auctions and
the important features work. So, please bear with us at this time. And, feel
free to bid on some Auctions - and win some stuff.
Our Secret: It's not about the
Auctions - it's about the
Loyalty.
QUICK VIEW OF A MICROBID AUCTION
Try it in full-screen mode with Shift+Cmd+F on Macs; and
F11 (or Fn+F11) or Alt+Enter for Windows
HOW IT WORKS
1. Place 1 or more bids on
existing Auctions
Bids are placed in increments of $0.01 - and most Auctions feature
roll-over bids, which means your bids keep accumulating into your
overall Bid (or Total Bid) in continuous rounds of the Auction.
Most Auctions reset and repeat over and over again (especially for popular items, goods, products and services that have good availability), creating new winners every "round". This, along with our built-in Bid Cap feature helps protect members’ bids from being wasted.
When an Auction reaches its Reserve Price/Amount (sort of a goal price), the Bidder with the highest bid wins - simple.
And, then if it’s a Repeating (or Perpetual) Auction, it’ll just automatically reset and start again - automatically rolling all bidders bids into their new Total Bid - for that current round.
We even built-in a cool feature on the Live Bidding panel on the Auction Details pages where you can see your previous bids and your Total Bid - sort of like this:
$1.00 < $.90
This means, your previous bid of $.90 has now rolled into your Total Bid of $1.00 - meaning you must’ve either bid $.10 in the current round or $.01 ten times - or some combination of that.
And, of course - every single
bid placed by every member is automatically
entered to win instant gold coins rewards right then and there (the moment
you click/tap the "Place bid" button).
Gold Coins can be used to purchase Auction items, goods, products or
services - or get discounts towards the purchase, for Spot Cash Advances,
for Live Flash Auctions Microbid sometimes holds on its social media
pages - or, to simply cash out.
Most Auctions reset and repeat over and over again (especially for popular items, goods, products and services that have good availability), creating new winners every "round". This, along with our built-in Bid Cap feature helps protect members’ bids from being wasted.
When an Auction reaches its Reserve Price/Amount (sort of a goal price), the Bidder with the highest bid wins - simple.
And, then if it’s a Repeating (or Perpetual) Auction, it’ll just automatically reset and start again - automatically rolling all bidders bids into their new Total Bid - for that current round.
We even built-in a cool feature on the Live Bidding panel on the Auction Details pages where you can see your previous bids and your Total Bid - sort of like this:
$1.00 < $.90
This means, your previous bid of $.90 has now rolled into your Total Bid of $1.00 - meaning you must’ve either bid $.10 in the current round or $.01 ten times - or some combination of that.
And, of course - every single
bid placed by every member is automatically
entered to win instant gold coins rewards right then and there (the moment
you click/tap the "Place bid" button).
Gold Coins can be used to purchase Auction items, goods, products or
services - or get discounts towards the purchase, for Spot Cash Advances,
for Live Flash Auctions Microbid sometimes holds on its social media
pages - or, to simply cash out.
2. Create & Post your own Auctions.
Microbid was designed to turn pretty much anything (legal) into an
instant, winnable, $1 BuyNow Auction.
So, you could post something as simple as an idea - like a Fantasy Trip for example and if you simply enter an estimated value, then it becomes a winnable Auction.
Best of all, you earn a +15% RevShare on every bid placed on your Auction(s) whether it’s successful or not. We call this the Creator Bonus (and RevShare).
So, you could post something as simple as an idea - like a Fantasy Trip for example and if you simply enter an estimated value, then it becomes a winnable Auction.
Best of all, you earn a +15% RevShare on every bid placed on your Auction(s) whether it’s successful or not. We call this the Creator Bonus (and RevShare).
A FAIR PLATFORM FOR ALL
introducing...
Bidpower
For now, we’re keeping Bidpower simple:
- Bids you place
- Bids placed by your Referrals
- Every month you’re enrolled in a Microbid+ Membership
- Every month a Referral is enrolled in a Microbid+ Membership
Bidpower goes hand-in-hand with your digital gold coins, which are Microbid’s form of currency.
And, gold coins allow you to buy the same items (and services) in the Auctions, or use as discounts to buy - or request Spot Cash Advances, or use in Live Flash Auctions Microbid holds on its various social media accounts/pages - or, to simply cash out.
"Cooling" Status is a feature we built in to help
prevent members who’ve recently won (or received a reward, or benefit)
from immediately winning (or being approved) again until their "Cooling"
period of usually 1 week (or less*) expires.
However, recent winners can still win smaller "Instant Daily Rewards" and Advances while in the cooling period.
* Note: Cooling periods can be shorter than 1 week depending on overall bidding activity by all members at the time.
- Bids you place
- Bids placed by your Referrals
- Every month you’re enrolled in a Microbid+ Membership
- Every month a Referral is enrolled in a Microbid+ Membership
Bidpower goes hand-in-hand with your digital gold coins, which are Microbid’s form of currency.
And, gold coins allow you to buy the same items (and services) in the Auctions, or use as discounts to buy - or request Spot Cash Advances, or use in Live Flash Auctions Microbid holds on its various social media accounts/pages - or, to simply cash out.
BIDPOWER: COOLING STATUS
"Cooling" Status is a feature we built in to help
prevent members who’ve recently won (or received a reward, or benefit)
from immediately winning (or being approved) again until their "Cooling"
period of usually 1 week (or less*) expires.
However, recent winners can still win smaller "Instant Daily Rewards" and Advances while in the cooling period.
* Note: Cooling periods can be shorter than 1 week depending on overall bidding activity by all members at the time.