Daxdi descending public auctions guide

How do public descending auctions works?

The online descending or reverse auctions always start with a fixed price between NZ$5.00 and NZ$100.00 without any minimum price or restriction.

With each bid that is placed the auction price decreases in - NZ$0.01 , and with each bid that is placed within the last 10 seconds the countdown will return to 10 seconds.

When no bids are placed in the last 10 seconds the auction will reach 0 seconds and will end.

The auction winner will be the last user who has placed a bid in the auction, obtaining the auctioned product for the final auction price, whatever it may be.

If the auction reach NZ$0.00 will end automatically and the last bidder will win.

We leave you with a brief guide so that you can understand and start participating in the Daxdi public descendants auctions.

What are descending auctions or reverse auctions?

All auctions start with an initial price between NZ$5.00 and NZ$100.00 according to the product value. With each bid the auction price decreases - NZ$0.01.

When the countdown reaches 0 seconds the auction will end and the last bidder will be the winner. The same will occur if the price reaches NZ$0.00.

With each bid you get Daxdi points

With every bid you place on any auction you will get Daxdi points, the higher your user level is, the more points you will get for every bid you place.

Use your Daxdi points to redeem them for free products in our points shop.

Bidding in a public descending auction

Make your bids before the timer reaches 0 seconds, each bid made in the last 10 seconds will restore the timer to 10 seconds again.

Pay special attention to the way in which your rivals are bidding on the auction, create your own strategy with the help of your Daxdi assistant, your Daxdi Pro and your Daxdi Spy and try to fool your rivals to win the auction.

The auction price decreases in the descending or reverse auctions

All Daxdi reverse auctions generally decrease the auction price by NZ$0.01 with each bid placed.

There are exceptions where the auction price can drop to NZ$0.10 for each bid placed when we do auctions with very exclusive products, this can be seen in the auction itself.

The Daxdi coins consumed for each bid placed

All Daxdi descending auctions have a variable Daxdi coins consumption between 1 and 9 Daxdi coins, this value can be found on the details page of each auction.

The Daxdi coins consumption is the amount of Daxdi coins that will be deducted from your account for each bid you place in an auction, i.e. if an auction has a Daxdi coins consumption value of 3, 3 Daxdi coins will be deducted from your account for each bid you place in the auction.

Use and activate your Daxdi assistant

To activate your Daxdi assistant in any auction, simply go to the auction details page and activate it.

To activate it, enter the maximum amount of bids you want to make in the auction and click on the activate button. From that moment on, your assistant will place the bids for you and will create its own strategy.

Your Daxdi assistant learns from you, from every bid you make, in the seconds you place your bids. With your assistant activated you can make manual bids simultaneously. Your assistant will stop bidding when it reaches the limits with which you have configured it.

With Daxdi you never lose

If you have not won the auction or simply want to stop bidding on the product for which you are bidding, you can use the buy now function.

When you use the buy now function we discount from the price of the product the value of the bids placed in the auction and you will keep the Daxdi points you have gained from your bids.

Winning a public auction

Congratulations, now you only have to pay the final auction price. By winning the auction you will receive additional Daxdi points and the sum of NZ$100.00 on your progress to the next user level.

Once you have paid for the auction, all you have to do is choose if you want us to send you the product or if you prefer to receive the product's value in cash in your bank account.

Activate your Daxdi Spy

When you activate your Daxdi Spy in an auction you will be able to see exclusive information about the auction participants.

By activating the Daxdi Spy function you will be able to see all users who have an activated Daxdi assistant and the amount of bids to be placed by each user's assistant.

With this information you can take advantage of your rivals and create your strategy based on real data and information.

Activate your Daxdi Pro

When you activate your Daxdi Pro you can see and know all the information about all the users who have placed at least one bid in the auction.

You will have access to a very valuable and exclusive information based on which you can create the best bidding strategy in the auction. You will be able to see the amount of total bids that each user has in their account and the time of their last placed bid.

Use this information intelligently and create your strategy to win the auction.

Discover Daxdi, the unique and incredible online auctions paradise.


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