What will the auction interface offer?
Your interface will show all domains you are interested in bidding on together with: Current Bid Whether reserve has been met or not on the domains you are bidding on Whether you are the highest bidder or not on each domain of interest Your public bid on each domain Your Proxy bid on each domain Auction end time You will be able to bid on multiple domains as well as specify proxy bids vis same screen. • Please explain the various bid terminology used Starting Bid: The minimum bid a domain will have when auction starts and before any bids are placed. This is the lower value of the reserve range. So if a domain has a reserve of $1750, its reserve range is $1001-$2500 and the starting bid would be $1001. Current bid: If the auction ends now, this would be the final bid. If current bid is above reserve, auction is successful and whoever placed that bid would have won the auction. All parties bidding on this domain will see that bid. Bidder Public bid: This is the bid currently placed by an
