XBT Holding SA, a privately-owned global hosting, network solutions and web development provider founded in 2005, with offices in eight countries, has placed domain Xbt.com up for auction. The holders of the website are looking for 200 BTC for the domain, the abbreviation of which is used by many financial services in association with Bitcoin.
XBT.com domain current auction bids
- Bidder Registration Opens: 11:00 am ET on Friday, January 5, 2018
- Deadline: 11:00 am ET on Sunday, February 4, 2018
In order to take part in an auction, the users should provide all information and successfully complete the registration through XBT web-portal, provide the copy of a Government-issued photo ID for the Bidder or incorporation documents of any legal entity, upon the written request of XBT, send a 10,000 deposit in US Dollars sent by wire transfer or 0.5 Bitcoin paid to XBT Bitcoin wallet account, and provide a copy of the wire transmittal receipt or the Bitcoin transfer confirmation, upon the written request of XBT.
If two bids are 200.5 Bitcoins and 300 Bitcoins, the one who bet 300 bitcoins wins but pays only 200.6 bitcoins or the reserve price – whichever is higher.
The auction is stated to be considered successful only if a reserve price is reached by the highest bid, if not the auction terminates without any winner.