GBM Domains has a very unique platform, their co-founder and CEO Hugo McDonaugh was on Domain Sherpa back July 18.
Andrew Rosener placed some names on auction and they close today. I have provided the links to Andrew’s auctions below:
– BrickWeed.com
– ChainChoice.com
– GetBlazed.com
– HigherCaliber.com
– NiceRides.com
– Synopsis.co
– Trippy.co
One of the things that stands out at GBM auctions is their bid-to-earn feature.
Bidders are incentivized to bid on an asset. When a new bid is placed, the GBM formula calculates how much money that bidder will earn if they are outbid. Every bidder that gets outbid earns an incentive, and the highest bidder at the end of the auction wins, with the seller receiving what is left in the pot.
According to their website, The GBM ‘Bid-to-Earn’ Auction model was created in 2018 and has since been used for 70,000+ auctions, with over $6m earned by bidders. GBM states that their model is proven to result in better sale prices for sellers, as bidders are incentivized to find the true market value of an asset.
I recommend checking out their GBM.auction website to specifically focus on the bid to earn aspect.
GBM Domains is a proxy service that is built directly on the Dynadot API. So your domain names will be transferred to Dynadot if you win an auction.
Here is a video explaining how to bid on auctions. Now you are going to need a crypto wallet, to buy and sell at GBM.
So check out the interview on Sherpa if you want to learn more and also the GBM.auction site to get a handle on the bid to earn model.