Pay To bid Auction System
First Claim
Patent Images
1. An electronic auction system, comprising:
- an electronic server that runs an auction software and conducts auction process electronically wherein a chance-to-bid (Bid) in an auction is valued and placed for purchase, and an auction participant needs to purchase said Bid to place a bid in said auction, and winning of said auction is determined by an auction rule;
an electronic device electronically connected with said server, and installed with a database which keeps track of said participant'"'"'s bidding history in an account of said participant; and
a display device electronically connected with said server, displaying information from said participant'"'"'s account and said auction.
0 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems for conducting electronic auctions. Bidders purchase the chance to bid, the number of times bidding are used as a winning factor. Bidder who has the highest Personal Bid and earliest bid time is selected as winner. Alternatively, Bidder who spend Highest Credit Bid and earliest bid time is selected as winner.
7 Citations
15 Claims
-
1. An electronic auction system, comprising:
-
an electronic server that runs an auction software and conducts auction process electronically wherein a chance-to-bid (Bid) in an auction is valued and placed for purchase, and an auction participant needs to purchase said Bid to place a bid in said auction, and winning of said auction is determined by an auction rule; an electronic device electronically connected with said server, and installed with a database which keeps track of said participant'"'"'s bidding history in an account of said participant; and a display device electronically connected with said server, displaying information from said participant'"'"'s account and said auction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
-
-
10. An electronic Pay-to-Bid auction system, comprising:
-
plurality of electronic server, each of said servers running a different version of an auction software and conducting a part of an auction process electronically wherein plurality of chance-to-bids (Bids) in an auction are valued and placed for purchase, and an auction participant needs to purchase one or more of said Bids to place a bid in said auction, and winning of said auction is determined by an auction rule; an electronic device electronically connected with said servers, and installed with a database which keeps track of said participant'"'"'s bidding history in an account of said participant; and a display device electronically connected with said plurality of servers, displaying information from said participant'"'"'s account and said auction. - View Dependent Claims (11, 12, 13, 14, 15)
-
Specification