We just launched a site called EOSTime. We host provably fair auctions where you can bid small amounts of EOS to win a larger amount of EOS in a real-time auction. They work like penny auctions whereby any bid placed in the final seconds of an auction resets the timer to give others a chance to bid while eliminating network latency as an issue (i.e. everyone can get a bid in if they want). When the timer runs out, the last bidder wins. I will be editing this topic and adding much more information, but I wanted to post now because we have an auction scheduled to end in about 5 hours and 15 minutes (about 14:10 UTC 1/31) where you can win more than 40 EOS. Check it out here:
https://eostime.ioI like this idea but what about all the bidders who don't win? Do they get their invested EOS back so they can bid again or is it like a lottery system?