WHAT IS MICROBID?
Microbid is a digital auction-based, global loyalty platform that helps
combine the pocket change of millions into incredible $1 "buy now"
Auctions.
Imagine 10M+ people combining $.30 per day (ie. the cost of a bid) - it would create over $3M+ potential Auction Rewards per day. That’s over $90M+ worth of $1 Auctions per month. (Now imagine it was more.)
Best of all, it’s 85% member-owned with 85% of revenue going directly back to members in the form of Auction reductions (for the $1 Auctions), Rewards, Λdvances and insane 10% Referral Bonuses.
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
It’s simple. You can either:
1. Place 1 or more bids on
existing Auctions
Winners are determined by a unique algorithm and metric called
Bidpower, which
we developed to create a one-of-a-kind Loyalty System that’s fair
to all (learn more below).
2. Create & Post your own Auctions.
There are 3 types of Auctions:
1)
Regular Crowd Auction, and
2)
ComboBid Crowd Auction
3)
Λdvance Auction (Request)
Regular Crowd Auctions
(mostly lower-value Auctions) - all bids placed are exclusive to
that specific Auction.
ComboBid Auctions (mostly
high-value Auctions) - combines the bids of other similarly valued
Auctions enabling there to be more Auction Winners - and faster vs
waiting for a lot of higher valued Auctions to reach their Auction
Reserve amounts/goals.
Λdvance Auctions - see below
3. Post an Λdvance Auction/Request using
our revolutionary Λdvance service.
We created Λdvance to change the way people shop, but also as a very
exclusive service for our very best and most active Members.
In short - it’s sort of like a spot me loan against your current (and future) Loyalty Status. The Λdvance Selection System primarily looks at your Bidpower and Microbid Shares.
If you want to - you could never place an actual bid on an Auction and just buy a share of whatever Auction you really want every now and then - and depending on the Auction value, you’d eventually be selected.
Think of it as putting your spare change to work - and sort of chipping away at various things you want/need....
The more Auction Shares (ie. gold coins) you have in your Microbid Account, the more likely you are to be selected as an Λdvance Recipient.
And, if you are selected for Λdvance, in most cases, you would agree to pay Microbid your remaining gold coin balance (or a portion of them) and sometimes agree to subscribe to a very modest Microbid+ Membership plan (if you aren’t already enrolled in one).
You simply answer a few quick, simple questions, like:
1) What you need/want to buy (or pay for)?
2) How much it costs (or best guess)?
3) And, how much you have towards it?
Then you click the "Place Bid" button at the bottom and the moment you post it, Microbid’s system will check to see if you’re eligible for an instant "advance" and if not, simply place a micro bid on it every now and then - or even daily and the Λdvance Selection System will adjust and continue to move you up in line for being selected.
Note: Everyone is not guaranteed to be selected for an "advance". It’s more like an exclusive, first-come, first-served service for the most active and loyal Members. But, we do try to switch it up quite often to reward a wide variety of Microbid Members.
In short - it’s sort of like a spot me loan against your current (and future) Loyalty Status. The Λdvance Selection System primarily looks at your Bidpower and Microbid Shares.
If you want to - you could never place an actual bid on an Auction and just buy a share of whatever Auction you really want every now and then - and depending on the Auction value, you’d eventually be selected.
Think of it as putting your spare change to work - and sort of chipping away at various things you want/need....
Microbid Shares are "shares" (or portions) of Auctions you can optionally
purchase, which make you the sponsor of 1 bid per share - and entitles
you to a share of Auction Profits - or, +15%.
On every Auction there’s a "Buy Share" button and when you buy a share - you receive .06 gold coin. 16.67 shares = 1 gold coin | and 1 gold coin = $5 in redeemable value.
So, if you buy 1 Auction Share. You’ll receive $.345 or .069 gold coin - a profit of .009 or roughly a penny.
You can also buy Auction Shares directly from us in larger amounts like $5 and bypass even having to click/tap the "Buy Share" button. This is basically the same as helping us "sponsor" Auctions. Shares just make it easier to understand and manage fractionally - so members have the flexibility and option of sponsoring smaller "portions" of Auctions.
On every Auction there’s a "Buy Share" button and when you buy a share - you receive .06 gold coin. 16.67 shares = 1 gold coin | and 1 gold coin = $5 in redeemable value.
So, if you buy 1 Auction Share. You’ll receive $.345 or .069 gold coin - a profit of .009 or roughly a penny.
You can also buy Auction Shares directly from us in larger amounts like $5 and bypass even having to click/tap the "Buy Share" button. This is basically the same as helping us "sponsor" Auctions. Shares just make it easier to understand and manage fractionally - so members have the flexibility and option of sponsoring smaller "portions" of Auctions.
The more Auction Shares (ie. gold coins) you have in your Microbid Account, the more likely you are to be selected as an Λdvance Recipient.
And, if you are selected for Λdvance, in most cases, you would agree to pay Microbid your remaining gold coin balance (or a portion of them) and sometimes agree to subscribe to a very modest Microbid+ Membership plan (if you aren’t already enrolled in one).
"BUY SHARE" VS MAKING AN ΛDVANCE REQUEST
If you don’t see any Auctions you’re interested in - then you can post your own by posting/submitting an Λdvance RequestYou simply answer a few quick, simple questions, like:
1) What you need/want to buy (or pay for)?
2) How much it costs (or best guess)?
3) And, how much you have towards it?
Then you click the "Place Bid" button at the bottom and the moment you post it, Microbid’s system will check to see if you’re eligible for an instant "advance" and if not, simply place a micro bid on it every now and then - or even daily and the Λdvance Selection System will adjust and continue to move you up in line for being selected.
Note: Everyone is not guaranteed to be selected for an "advance". It’s more like an exclusive, first-come, first-served service for the most active and loyal Members. But, we do try to switch it up quite often to reward a wide variety of Microbid Members.
A FAIR PLATFORM FOR ALL
introducing...
Bidpower
Bidpower is our version of Loyalty. It’s very similar to Retail Loyalty
or Airline Loyalty - and more geared towards shoppers/shopping and E-Commerce
activity. Our E-Commerce is of course Auctions.
The more bids you place, the more your Bidpower will increase. And, we use Bidpower to sort of emulate "Buying Power" when it comes to Auctions. So, instead of an Auction going to the highest Bidder, it will typically go to the Bidder with the highest Bidpower - with a few exceptions to keep things fair (see "Cooling" below).
Microbid’s Bidpower algorithm also looks at things like consecutive days with a placed bid, consecutive weeks (and months), number of months enrolled in Microbid+ (or other Memberships), Microbid Shares (ie. total Gold Coins), as well as Referrals - and their bid (and Membership) activity.
See a list of actions that help increase Bidpower
BIDPOWER: COOLING STATUS
"Cooling" Status is a feature we built in to help
prevent members who’ve recently won from immediately winning again
until their "Cooling" period of 1 week expires. However, recent winners
can still win smaller "Instant Daily Rewards", Auction
Comps and Auction Advances while in the cooling period.
VIEW AUCTIONS | TRY ΛDVANCE
Upgrade to Microbid+ to
boost your Auction's
visibility, improve
your chances of earning Daily Instant Rewards + Λdvance Auctions
& more.
If you already have an account - create an Auction now...you can always hide and edit it later. See FAQ or FAQs