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MadBid was a Gamified eCommerce and online auction website registered under Marcandi Ltd. in the United Kingdom. It was founded in 2008 by Juha Koski,
MadBid
Type of all-pay auction
final price of the item. A 2010 TechCrunch article about penny auction site MadBid called this business model "a license to print money." For example, if an
Bidding_fee_auction
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