TWTIA.com - The Winner Takes It All!

Introducing "The Winner Takes It All!", a bitcoin auction game:
http://twtia.com/

How it works:

Dynamic Auctions: auction duration starts at 6 hours, there's no minimum bid and multiple bids are allowed. All bids add up to the jackpot and extend closing time: first bid extends closing time by 15 minutes, second bid by 5 minutes, then all subsequent bids by 60 seconds.

The Winner Takes It All: at auction end, the highest bid wins the entire jackpot. The winning bid is paid back 100%, and 90% of all losing bids are won (5% goes into the next auction, 5% is the house margin).

Fair and Safe: in case of multiple highest bids (same amount) the earlier bid wins. Late bids (transactions arriving after auction end) are not lost, they are automatically considered for the next auction.

Transparent: all bitcoin transactions are in the blockchain, and they can be independently audited and monitored. Amounts < 0.001 BTC are not paid (they go into the next auction).

(IMPORTANT: jackpot is paid out to the address placing the winning bid. Use only wallets that allow you to receive coins from the same address you bid from.)

For any question, clarification, suggestion or feedback please let us know. Good luck!

http://twtia.com/