Unique Bid Auction2020-01-24T17:15:39+00:00

Online Unique Bid
Auction Software

The type of auction where the winner is the bidder whose bid is either the lowest unique bid or the highest unique bid.

Players pay a fee to make a bid. This type of auction is  gaining popularity as it offers stable profits to operators  and guarantees exciting gaming experience for participants.

START UNIQUE BID AUCTION IN 2 WEEKS
Unique bid auction

35

Auctions launched worldwide

7

Bidding types available

10

Years of expertise

online auction software

All-in-1 Solution

Intuitive interface of the auction platform provides flexible and convenient
system administration which allows the platform operator and their users to hold
auctions and close deals.

Confidentiality of  
participants

2 models available: 
lowest or highest bid

Limit of bids
for participants

Buy now
opportunity

Advanced marketing
tools

Different types
of payments

Unique Bid Auction 
presentation & Demo

Find out how turnkey software could help you to launch
efficient unique bid auction quickly and save your budget

Get info & DEMO
E-commerce software solution
auction platform

General Features

Unlimited number of
users and products

Analytics
systems integration

Bonus and affiliate
system

Coupon/voucher
module

Login via
social networks

Flexible commission
settings

Multilingual
interface

Auction blog
feature

Intuitive mobile-friendly
interface

Fiat and crypto
currency support

Integration with
payment systems

Data export
and import

Emails and SMS
alerts

Finance
management

Integrated CRM and
reporting system

Auction rules

  • The auction puts up an item indicating its real retail price. Participants have to buy bids for a fixed price defined by the auction owner. It guarantees the owner’s profit even in cases when items worth thousands of dollars are won by very low bids of far less than their value.
  • The participant’s main purpose is to make a bid which will be both the lowest (or highest) and unmatched. If the bid for such an amount has already been made by another participant, both bids are considered invalid. Among all unique bids the lowest (or highest) bid is the winner.
  • Auction participants don’t see other participants’ bids. They see the leader but don’t know the leading bid. However, participants may see a special panel which keeps track of their personal bids. In Merkeleon solution, invalid bids are highlighted red and the potentially winning bids are highlighted green.
  • The auction administrator sets the price level, by which bids shall be divisible, and the closing time.
  • If no bid appears to be unique until closing time, which is a very rare, the item is not sold.
    *There are unique bid auctions with either paid or free bids.

Unique Bid Auction strategies for users

There is no perfect play (a strategy that guarantees a win) in unique bid auction games but there are a few approaches you can take to increase your odds.

  1. Cover a continuous range of expected values
    This approach is good if there’s a large enough budget. An auction player makes all possible bid values starting from the maximum value they think will give them a good chance of winning. This strategy means that a player will spend more funds on bids, but also leaves less chances to other players to win as there are less spots left.
  2. Cover a large range with stepped values or random values
    This approach is more budget-savvy. A player makes bids by defined steps (e.g. 0.7, 0.14, 0.21, etc) or makes random bids from different ranges to cover a broad amount of possible values. If a player sees in this case that they’re not winning there can easily track at which range there’s a spot left.
  3. Mix of strategies described
    This strategy is even more budget efficient but at the same time brings a much higher risk. A player needs to keep up with the auction process till the end, and of course no bid-agent should be used in this case. Taking it differently, this approach saves the budget and brings more fun.
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+ More info

Why Merkeleon?

Exchange software

Registered partner of
one of cybersecurity leaders

Customer care

Software, hosting, project 
management included

Quick launch

Rapid launch within
2 weeks

Technical support

Guaranteed response time
for technical support

Merkeleon software

Austrian IT-company with
10 years FinTech expertise

Crypto & Blockchain

First auction software
with crypto payments

Online Unique Bid
Auction Software

The type of auction where the winner
is the bidder whose bid is either the
lowest unique bid or the highest unique bid. 

Players pay a fee to make a bid. This type
of auction is
gaining popularity as it offers
stable profits to operators
and guarantees
exciting gaming experience for participants.

START UNIQUE BID AUCTION IN TWO WEEKS

Get Unique Auction
presentation & Demo

Get info & DEMO

All-in-1 Solution

Intuitive interface of the auction platform
provides flexible and convenient system
administration which allows the platform operator
and their users to hold auctions and close deals.

Confidentiality of
participants

2 models available:
lowest or highest bid

Limit of bids
for participants

Buy now
opportunity

Advanced marketing
tools

Different types
of payments

General Features

Unlimited number of
users and products

Analytics systems
integration

Bonus and affiliate
system

Coupon/voucher
module

Login via social
networks

Multilingual
interface

SMS / e-mail
newsletters

Auction blog
feature

Data export and
import

Fiat and crypto
currency support

Why Merkeleon?

Exchange software

World 1st audited Crypto
Exchange Software

Technical support

Guaranteed response time
for technical support

Quick launch

Rapid launch within
2 weeks

Customer care

Technical, liquidity, legal,
customer care 24/7 support

Merkeleon software

Austrian IT-company with
10 years FinTech expertise

Crypto & Blockchain

Trusted by the leading
Crypto and Blockchain
companies

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