reverse auction is part skill , part luck based game where the aim is to out
with the fellow participants by placing a bid that they think would be lowest
and unique. The Bidder whose bid will
remain the lowest at the time the auction closes will be declared winner.
To be a
registered member in mavwealth.com, you need to be above 18 years of age and
need to have a valid mobile number and valid documents which are required for KYC.
Consider the for following scenario for :
Auction Product: Payeer $5000
Auction Closing Date: 10 July 2016
Entry Fee : $1.00 / bid
Assuming that the following bids (in pence) are received:
Bid 1: 0.53 Not Unique
Bid 2: 0.53 Not Unique
Bid 3: 1.32 Not Unique
Bid 4: 1.32 Not Unique
Bid 6: 0.65 Unique & Lowest
Bid 7: 1.25 Not Unique
Bid 8: 1.25 Not Unique
Bid 9: 1.20 Unique But Not Lowest
Bid 10: 99.09 Unique But Not Lowest
Then the bidder that placed a bid of 0.65 would win the auction, as her bid the lowest unique bid that has been placed. Although 1.20 is a unique bid, it is not the lowest in unique. Bid status changes regularly throughout the period Auction is open. You may start out having a unique but not the lowest but it could become the lowest unique bid. Or you could have a unique bid but it could be matched and be no longer unique.
various safety mechanism implemented on the website. Of which few are
1) Website is secured using the encryption & Secured Socket layer (SSL).
2) High quality malware and virus protection.
3) All payments are secured using PCI compliance.
4) Fail safe mechanisms to prevent various attacks.
from Bid wallet is not allowed however transfer is allowed from Cashback
wallet. You can still add funds into
other person's bid wallet from your CashWallet , this will be considered as
package purchase for the other user.
of your operations you will not need to meet anyone in our office we can
support you 24/7 over live chat and also we have an option where you can
raise request to various departments from your dashboard mailbox. In general
we do not encourage you to meet anyone from our office , however if needed we can meet you with a prior appointment.
Sponsor cannot be changed once registration is completed.
NO. None of the employees of our company will contact you directly for
joining. Our business plan is purely dependent on members growing
We nominate certain members as Agents based on their deposits and basic KYC verification. We do not take any guarantee if any of the agents make false claims. All terms and conditions are clearly mentioned on the company website. If you have any questions you can reach out to our Support team.
kept a minimum condition of $50000 to ensure that we have Agents who are
serious of joining us, believe in the potential of our product and are fully focused on the growth of our network. If you think you have other
capabilities and qualities which can distinguish you, reach out to our
support team and we should be able to discuss this out.
do not Bid everyday, you wont be eligible to get the Daily CashBack.
order to receive your daily cash back for the investment you make, you will
have to at least place a single bid.
Well, Well !! You asked the right question. We cannot lay down all the points here but here are are a few pointers what define our revenue stream
- Bidding charges
- Re-Investment of funds recieved into E-currency exchangers by providing them liquidity
- Promotional tie-ups with multiple Ecurrencies, being referrers to get new users.
- Profitability where the bid value out numbers the prize awarded.
- More tie-up’s when we cross significant user volume
We don’t sell cheap products for bidding. It’s the real world ecurrencies and have a clear value. Hence we are a global product, inviting global audiences. Our user base is going to be our strength. Revenue and profits will trickle in uninvited.