Welcome to juubeo
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Juubeo’s main product is online strategy auction powered by nanobidz, where the members can bid on a wide scale of different products, and where the winner of the specific auction gets to buy the product at a fraction of retail price. The auction is based on the auction strategy “Unique Bid”, where the person with the highest unique bid is the winner of the auction.
A unique bid auction is a type of strategy game related to traditional auctions where the winner is usually the individual with the lowest unique bid, although less commonly the auction rules may specify that the highest unique bid is the winner.
A unique bid is a bid containing a total unique number value (such as 9,73), meaning no other bids in that specific auction is identical by containing the exact same number value.
In a highest unique bid auction, the bid that is the highest and unmatched when the auction closes is the winning bid.
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