How ranked bidding works

The company sets the number of licences. There is no company reserve or minimum price.

⚙ Example: 3 licences available — top 3 bids win

🏆 TOP 3 WINNING BIDS

1♙　Maya$0.30

2♙　Omar$0.20

3♙　Alex (auto-bid)$0.15

WINNING LINE — rank 3

4♙　Sam$0.10

5♙　Lea$0.05

3 licences available

1♙ Maya$0.05

2♙ Omar$0.05

3♙ Alex$0.05

♙ New bid $0.10

↓

1New bid　$0.10

2Maya　$0.05

3Omar　$0.05

4Alex　$0.05

Each new offer must be at least $0.05 higher.

1　Set a maximum bid

Tell us the most you’re willing to pay for one licence.

2　We place only the lowest bid needed to enter or stay in the top X

Our system bids in $0.05 steps.

3　If you win, you pay your own final bid.

You pay the amount of your own winning bid.

Your max: $0.50Current #3: $0.10Your live bid: $0.15◇ Your maximum is not automatically spent.

✓ Minimum bid increment: $0.05✓ No company reserve price✓ Highest X bids at close win