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2. Unique bid auction - Wikipedia

   en.wikipedia.org/wiki/Unique_bid_auction

   In a lowest unique bid auction, the bidder who submitted the single bid of $0.06 would win the auction, and would be eligible to purchase the product or service for $0.06, because their bid was the lowest unique bid. In a highest unique bid auction, the bidder who submitted a bid of $0.09 would win the auction.

3. iBuy - Wikipedia

   en.wikipedia.org/wiki/IBuy

   However, this is an auction with a difference, as only one person can win. For example, if two bids are placed, at 1:00 PM and 2:00 PM, 1:00 PM is the currently the lowest unique bid, however if someone else comes in with a bid of 1:00 PM, 1:00 PM is no longer a valid bid, and therefore 2:00 PM is now the lowest unique bid.

4. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   The winner selection in most auctions selects the best bid. Unique bid auctions offer a special winner selection: [78] the winner is the bidder with the lowest unique bid. The Chinese auction selects a winner partially based on randomness. [68] The final price for the selected winner is not always conducted according to their final bid.

5. Auction software - Wikipedia

   en.wikipedia.org/wiki/Auction_software

   Auction software is application software, that can either be deployed on a desktop, on a web server [1] [2] or as a smart contract [3] on a blockchain virtual machine. This software is used by auctioneers and participants of online auctions such as eBay. Smart contracts replace an auctioneer's server, if the auctioneer is not trusted. [4]

6. Bidding - Wikipedia

   en.wikipedia.org/wiki/Bidding

   Unique bidding: In this case, bidders place bids that are global unique bids which means that for the bid to be eligible, no other person can place the bid in this amount and the biddings are usually secret. There are two variants of this type of bidding : highest unique bidding and lowest unique bidding. Dynamic bidding: This is a type of ...

7. Auction sniping - Wikipedia

   en.wikipedia.org/wiki/Auction_sniping

   However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...