In the current implementation, when an auction does not reach its reserve price, all invested flipz are returned to all participants. They are all being rewarded with a 10% bonus worth of extra flipz. In reality this means that today, if you have clicked 64 times on an auction that was not sold, you will get 64+10% = 64+6 = 70 flipz back onto your account.
This works like a charm! In fact, we see a lot of people just doing that and nothing else. They like the idea of "planting and harvesting" their flipz on a daily basis, making a lot of free flipz along the way. It is a great way to grow your stash.
But... apart from that... it is not very exciting.
Therefore, the system will change slightly. In the next version of Flipz.be, the bonus will be only 5%. But the last bidder will be rewarded with a very nice 20%!
Some stats: on average, we are currently injecting about 800 free extra bonus flipz into our system on a daily basis. Those are 800 flipz nobody paid for, hence devaluating the average value of a flipz. But they do help to increase the price in a fair and honest way. We expect this won't change as conscious bidders are likely to push the auction as close to the reserve price as possible. Optimizing on their benefits. And in the mean time helping out the other people who actually want it to reach the reserve price.
Coming soon, on www.flipz.be !
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