Hi sirazimuth. I understand your concerns. The whole thing started out as an experiment. And when done I thought it worked too well just to let it lay on my hard drive doing nothing. Yes I could have picked any coin. I believe tek can make a comeback if given a chance. That's all I'm doing. If I was out to fraud or scam I'd have picked a coin with some value behind it. But of course I totally agree with you, im sure the first few people to put hard earned cash into bitcoin would have been sceptical.
I for one am glad to see an actual application for TEK. Many coins don't even have ANY use, so anything toward this direction is a plus!
The question is if it will gain some traction among users. What does the average TEK holder look like, what are they after (aside from trying to make a buck with staking)?
TEK is already traded on Cryptopia which has a market place for auctions so I don't really see the point of having a dedicated site for auctions.
The main thing that every coin needs is to have merchant services (a button on a website to purchase things with that coin.)