Will it be like an Ebay auction? Will the minimum bid for all Niches be $75? How long after suggesting a Niche will that Niche be ready to bid on? Will there be one large pool of Niches to start or will Niches constantly be rolled out? What will be the time limits for the auctions, 1 day, 2 days, etc?
Hello Narrative Team Ebay long ago implemented the ability for people to enter a maximum bid. This has the immense value of allowing people to not lose an auction due to someone bidding $1 higher in the last seconds of the auction. In such an event, if the currently winning bidder had entered a maximum bid higher than the bidding price, the only way to snipe the auction away from her would be to enter a last minute bid higher than her secret maximum. Is there a way for you to implement this...
Hi everyone- We are dealing with an issue that might impact when we record auction payments (and credit them to the winning bidders). Thus, until that issue is solved, we are going to suspend the ability to pay for niches for the time being. If you are a winning bidder, you'll be notified when we have resolved the problem and can accept your payment (and you will still have 24 hours from whenever we start accepting payments to send us your payment). We will provide more details later, but I...
HI, Suggestion: A feature to resell a niche using NRVE. The would allow a niche owner to put a niche back up for auction and to sell privately . -Auctions would need a minimum bid option* Reason_ Life Things change and perhaps an owner looses the time needed to maintain a niche. The ability to unload to a willing person is key to keep the "narrative" engaged and vibrant. Whit
Sorry if the answer to my question is published somewhere and that my tardy self just haven't come across it yet but how is the Minimum Bid price of a niche determined? I check prices now and then and I can't seem to see any correlation with niche importance (whether it's a main or a sub topic) or how long it's been available or the status of the person who suggested it or its ballot box score. Is there an algo that sets the price or is it determined by a team member?
Hi @Brian Lenz@Michael Farris Recently I suggested the niche "Edible Marijuana Recipies."...yep I spelled that incorrectly...or perhaps it was a Freudian slip because a marijuana coconut cream pie would probably be pretty pleasing for those suffering chemo...but that is another story. I sent it up to tribunal, stating that i would fix the spelling and tighten up the description a bit, since one person took issue with it being "good for you" and that some recipes...
Greetings, I just purchased a bunch of NRVE with the intent to bid on two niches I suggested as soon as they become available for auction, but I just noticed the opening bids on most niches already available just skyrocketted to 7500 NRVE! What gives?!!
This is the third blog in our series that takes a deeper dive into the early Niches created in Narrative. In each of these, we are also addressing general Niche questions. In this one, you will read about how the auctions work. Enjoy! Niche Deep Dive: Where is Your Place?
My finances are limited right now, so I can't even bid on the maximum of 5 niches I'm allowed to own. (I own one so far.) There are so many niches I would LOVE to contribute to...but they have no owners. Let's use this thread to list and link to niches in need of owners that WE would personally contribute to and/or actively read content in. That way, investment-minded owners have sort of a one-stop shop for niches that have potential from active narrators right from the very start. I'll put...
Hi all, So it has been eye-opening already, this little foray into Google+ land. I've gleaned so far that to some folks, there's resistance to the notion of having to pay for niches, which is compounded by the seemingly high NRVE prices of niches, and confused further by the fact that those prices fluctuate alot from auction to auction. People are coming away underwhelmed from their visit to the alpha, and there are multiple layers to the problem. Paying for niches I too was initially turned...
Credit card processing is back online with even more options! And, based on the feedback we've received, we're going to maintain the two week deadline for Niche Auction payments. When you win a Niche Auction, you’ll have two payment options - “Pay With NRVE” (our cryptocurrency token) or “Pay With PayPal.” By using PayPal as our processor, we've extended the payment options by allowing users to pay with a credit or debit card, via their PayPal account, or via Venmo (US only) on mobile.
I bid on a niche yesterday and was perusing around thinking if it would be a good idea to bid on one again today. I noticed that the price for an initial bid went up. I checked the NRVE rate and saw the price to USD had fallen almost 50%. Then I was reminded that the starting bid was set to be around 75$ USD. I find this platform fascinating from an economics perspective, and this got my mind wandering. There is an intrinsic volatility in Niche prices because of to factors. 1. due to the...
Hello, I won 2 auctions yesterday and when I proceeded to payment I realized they were much more expensive than I expected! I don't think I understood the whole NRVE/fiat thing. Basically, I want to pay with PayPal as I don't want to go into crypto now. Previously I read that each niche starts at 75 USD and the NRVE price depends on the currency rate on that day. That makes sense. Because I always wanted to pay with USD, I didn't pay much attention to the NRVE price. Of course, the nature of...
I could have paid $86.25 for the niche that I won in an uncontested auction. But the price of NRVE skyrocketed before the auction even ended, and it never dropped below $100 fiat. So now I'm CONDUCT NEGATIVE. Just thought y'all should know what happens, since it didn't really affect any of us active members in the alpha period to any serious extent: Your Conduct Status is negative . The negative action that impacted your Conduct Status was: Failure To Pay For A Niche. What does this mean?
I lost out on possible niche ownership because I never received notification the auction had started. I was following the niche and got a notification the auction was ending in one hour. When I saw it, it was too late. Auction was over. So ... either your notifications system has a glitch and some notifications aren't being sent or you don't have it programmed to notify niche followers that an auction is starting.
My apologies if this issue has already been raised or being worked on... But here is my input: As of now, there are nearly 2500 niches up for auction. And this amount will no doubt increase over time. I've noticed a number of niches I would have liked to use as tags that still haven't been purchased and so cannot be used as tags. So, on one hand, it would be nice to see these niches being purchased, but on the other hand, having too many available niches on Narrative might lead to reducing...
( As mentioned in my post earlier today ) I often fall 1-2k short of buying a new niche. If a niche auction costs 14k and I have 13k in rewards on the platform or in my Neon wallet, it would be super cool to be able to transfer it over and buy the last 1k with my debit card. It's hard for me to justify spending $75 out of the blue as a starving creative, but I can certainly swing $5.39+processing (which would be the actual amount for 1k Nrve today). The auction gives you 3 days to pay...
Dear Team, Following my post " Why We Need Niche Edit Requests to Niches in Auctions ", I would like to request that the reputation lost due to the rejection of the "The Narrative Members Yellow Book" be restored to my account, since there is no way for the community to foresee changes in the AUP and company policy with less than a month notice. Also it would be nice if "The Narrative Members Yellow Book" status would be changed to Approved or at least deleted so that it could be submitted...
Fantastic - and thanks for the rapid response! I missed it because the system asks you to enter a bid, not a maximum bid. So if I enter another higher bid, my current bid will remain the same, but my maximum will increase? Thanks!
Ah, it could be that we could make that more clear. Yep, you enter your max bid. As long as you are the top bidder, you are free to adjust your max bid, as well, so long as it stays greater than or equal to the current real bid. So you can increase your max bid if you’re willing to go higher if necessary, or you can lower your max bid if it’s higher than you’d be willing to commit to. Hope that helps!
As we are bidding on niches, what is the value for each NRVE token? Is it the price we paid for them (which may vary depending on when each person purchased)? I apologize if that has already been addressed. I have been trying to read every post in all of the topics but it is possible that I may have missed this answer. Thank you in advance. @Rosemary @Ted
Starting bid is the equivalent of $75 but in NRVE. Since we're not on exchanges yet, we're keeping it pegged at the 1 NEO = 300 NRVE rate. When you're bidding, it will show you that rate on the page, so you don't have to do advanced math yourself on the fly.
For anyone curious to read more, the NRVE calculations are explained in the Terms of Service: https://assets.narrative.netwo...rative-alpha-tos.php Specifically: The NEO/USD rate is currently updated once per day at midnight UTC. Hope that helps!
Just to be clear on the bidding. If a niche is currently at 500 and I input a bid for 600, I will go in as max bidder at 501 and automatically come back at 551 if there is then a counterbid of 550 etc., up to a max of 600? So the only way my bid would go to the full 600 would be if somone has a max of 599 for example? Hope that makes sense..
@Hickster747 , yes exactly! Keep in mind that you will only become the max bidder at 501 if the current max bidder has a max bid of 500. You don't have a way to know their max bid until after you've tried to outbid them. This privacy is what prevents the sniping issue original raised (which is not an issue).
If you're signed in to the system, times displayed will be display in your local time zone. Guests should seem times in UTC, but it looks like there is a small issue causing them to be displayed in PDT currently, so we're working on getting that flipped over to UTC.
Thanks @Ted . I think another problem is that your bid slots (5 at the moment) are taken up if you bid on a niche and don’t win (i’m Guessing until it is paid for). This will mean that a lot of people won’t be able to bid soon..
Hi, you should be able to withdraw your bid to preserve your slots. Are you not seeing a "withdraw" button on the auction page for a Niche you've bid on? I believe it's on the upper right side of the page.
Sniping is exactly what's happening. Very frustrating to watch an auction and participate to have no time to react at the last second. My strategy was wrong! Time to stay on the sidelines. I guess it's my own fault, I should have bid very high, even though there wasn't any activity for hours before the end.
Hello Jezhar Having a maximum bid system won’t guarantee you win - it just allows you to secretly put your best offer in. If someone beats that best offer, have no regrets since you didn’t want to spend more than you set as your maximum bid anyway? Good luck!
Hi @Rosemary , I have a question. I read somewhere that if you withdraw a bid, you cannot bid on the same niche again. Does that apply only to a current round of bidding or also to the future bidding on that niche? I would be really sad if I withdraw a bid now and would not be able to bid again some time far (or maybe not so far) in the future. Who knows, I may be much more enthusiastic about that niche in the future than I am now. Thanks for your time!
I've posted an update about this delay. We will be opening up niche auction payments tomorrow April 4 at 8pm UTC . More details in the announcement: https://community.narrative.ne...tart-april-4-8pm-utc
I'll be keeping my eyes open for the coming week, but 24 hours is a very short window. I could have paid Today if there wasn't any issue. Think with the voting and bidding time being at least 48 hours, we should give the the winning bid some time as well to do the payment.
Hi @Rsqrd , did you see the update I posted above? We'll give 72 hours for payment for anyone affected by this delay, starting April 4 at 8pm UTC . All auctions after that time will have the standard 24-hour window for payment.
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