There is a new penny auction site slated to open this summer. The site is Bidnotic and it is said to be very different from the traditional penny auction site. Bidnotic is a revolutionary new "penny" auction site that claims to change the very notion of an online penny auction. Their goal is to resolve a lot of the concerns and criticism in the online auction space, while creating a completely new, fun and exciting auction environment. A few of Bidnotic's differentiators are discussed below; more details and the announcement of our new and exciting auction environment to come soon.
One of the differentiators from current sites is that Bidnotic will have a multi-level bidding system, meaning that each bid will cost you as little as $0.01, or as much as $0.60. Prizes will vary in cost based on the bid increment, and our plan is to launch with three increments: $0.01, $0.25, and $0.60.
Secondly, Bidnotic auctions are designed to end in a very time-efficient manner. Bidnotic plans to significantly reduce the time needed to win prizes from hours on some current sites to less than 20 minutes. Every auction on our site will take as little as 13 minutes, or 20 minutes at a maximum.
Lastly, the winner of the auction will truly WIN the prize. They do not have to pay any additional charges, or pay for the final prize. The cost of bidding will be the ONLY cost to our participants.
Stay tuned with us at Bidnotic.com, Facebook.com/bidnotic, or on Twitter @Bidnotic. You can also contact Bidnotic at Support@bidnotic.com.
