DropDnD

The first free online market place for used items that connects supply and demand in real-time by using Dutch auctions. Having implemented real-time chat, ad self-cleaning mechanism and geofence results in more value generated for both sellers and buyers.

HOW IT WORKS:
The seller takes a photo of the item he wants to sell and sets the starting price, the lowest price (at which he is willing to sell)and the timeframe (in which he wants to sell). The price is then linearly dropping until someone buys the item or the auction ends. After the seller finds the interested buyer they then communicate via a chat and agree on the other details of the trade (e.g. the place where the item will be handed over). The transaction takes then place off the application.

FEATURES:
• Real time chat: Chat directly with you trade counterpart.
• Dutch auctions: Sell or buy items at market equilibrium.
• Self-cleaning mechanism: Browse only through active listings.
• Geofence: Set proximity in which you want to trade.

BENEFITS FOR SELLERS AND BUYERS:
• More value generated
• Less time to trade