Coming soon: New section on Auctions:
Very soon, you will see a new section on “Auctions”. This will give Pathers a chance to redeem their points with interesting goods and services. Examples of goods could be books, electronic equipment, household articles, jewelry, paintings, or decoration pieces. Example of services could include a lesson in photography, help from a computer expert on a given issue or, a first consultation with a lawyer or a law student.
To begin with, the auctions will be for the Path10 Endowment (Charity). Later on, Pathers would be able to auction goods and services for themselves.
We have introduced an innovative method of auctioning called a Chinese Auction. In this kind of auction, you bid a fixed number of points (say 100). Each time you bid, bid points are taken out of your account. These points are not returned to the bidder so each bid takes away these points from your total. The total number of points required to win the auction are predetermined but are not shown to Pathers.
As nobody knows the number of bids that have already been made, you risk the required points each time you make a bid. Any bid could be the winning one. Any one can bid as many times as one wants as long as they have the points needed in their account. You can always go upload or view some stuff and quickly earn enough points to be able to bid again.
Watch for this upcoming new development very soon and have fun.
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