Scandinavian auction – type of auction in which the product or service is put up for sale at minimal cost.
Scandinavian auction – type of auction in which the product or service is put up for sale at minimal cost. Bidders are betting with a fixed step. For every bet from the participant there will be charged a fee.
Duration of trades is given by their start, but after each bet its increased by a specified amount. The winner is the party who made the last bet.
Europe and the U.S., such auctions have been working for many years and have become very popular.
One of the most popular auction in UK is : http://www.swoopo.co.uk
One of the most popular auction in US is : http://www.swoopo.com
Over 5000 like them on facebook.
However, under cover of this term may be hiding a FRAUD. The administration has the opportunity to bet, interrupting the real players betting stakes nominees or virtual parties (ie parties, under whose name the bid makes a special program).
In the Scandinavian auction (at least in the existing projects) there is a lack of transparency: the user has no possibility to verify whether each bet made a real party.
Even if we succeed to make sure that the goods are ultimately left to the honest man to win it, it’s still impossible to verify whether all bets are real independent actors, and this is an important issue – it the main income of the creators of auction.
What is more, This type of auction has all the signs of gambling.
How to check real of fake auction site?
- Openness of the organizers: the presence of step-free access to statistics on bets on the already completed auctions, the Forum and chat with members clearly alive and responsive to the diverse audience requests, feedback, contact information about the organizer (office address, telephone, etc. )
- High traffic auction website. For an intense bidding without robots need at least a few thousand visitors a day, ideally – more than 10 thousand. The problem is the selection of quality tools for testing the audience of the site. Application such as Alexa Rank is not justified
- Availability of well-thought-out interface and the original (and not a pattern, as on many other Internet resources) site design (it is likely that the owner of the auction is actually an existing organization that has sufficient financial resources and can afford it, and not a fake commercial structure of the one or two people)
- Have an interactive relationship with the administration of the site of his audience: always held shares, implement new ideas, any other changes to the wishes of the users (ie. Facebook, Twitter)…