(Reverse) Auction time.
As stated in the title, I am putting 10 Steem out there to see how many POCKET they are willing to part with for those 10 Steem.
Steemit is such a rich platform for interaction, I am looking to see if it is a good place to test the social value of POCKET and similar projects. Are Steemians speculative, or opportunists?
To this end, I am going to do a reverse auction. The bidding will start at 200,000 POCKET for 10 Steem. IN ORDER FOR A BID TO BE VALID, THE BIDDER MUST ALSO RESTEEM THIS POST!!!
Here are the rules:
Reserve for the bid is 200,000. If the current high bid does not exceed 200,000 POCKET, then the reverse auction is cancelled and no amounts will be due to any bidding party.
Bids must be in multiples of 1,000. Incremental bids that are less than 1,000 will be in violation of the reverse auction rules and will be disqualified and removed from consideration.
Though upvotes are appreciated, they will not alter the outcome of the auction. The highest bidder wins, folks.
The auction will run for seven (7) days from the time of posting. Bids after that time will not be considered.
Upon completion of the reverse auction, the successful bidder will transfer 50% of the successful bid amount to @chefcryptoshark, at which time @chefcryptoshark will transfer five (5) Steem. Once the initial transaction is confirmed, the remaining balance (five (5) Steem) will be exchanged. Initial exchange will be on a trust basis, and I have paid out several Steem/SBD for Pocket (feel free to check references).
Bidders participate at their own risk. @chefcryptoshark and @biophil are indemnified and held harmless for any and all claims that may arise out of participation in this reverse auction.
Any other offers for exchanging Steem/SBD for POCKET (or vice versa) put forth by @chefcryptoshark is considered to be independent offers, and shall not be incorporated in this reverse auction. Likewise, this reverse auction is independent from any prior offers.
If the highest bidder has not resteemed the original post, that bidder will be disqualified and the runner up will be considered under the same critera until a bidder meets the 1) minimum threshold (200,000 POCKET) for bid, and 2) resteemed this post.
With all of the rules stated, please share with your POCKET friends! Be sure to refer them to the genesis post:
@biophil/genesis-pocket
Steem on, fam! Good luck!