System and method for online time-price based marketplace and unique manipulations of listings
US10475092B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 21, 2018 |
| Grant date | Nov 12, 2019 |
| Priority date | — |
| Expiry date | Aug 21, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0641
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method host an electronic marketplace in which the initial product prices are set by the selling party and the final purchase price is determined by the time between product posting and payment from a buyer. Gamification is implemented using purchasable powerups to allow users to manipulate the prices during a product listing. The seller has two options for the increment or decrement rate of the price of the product: automatic or manual. In the automatic incrementation, the system increments or decrements the final price by cross-referencing the time and the product seller's inputted choice of UP or DOWN at the time of posting. In the manual incrementation, the seller selects the speed in which the price is increased or decreased from the start to the end of the product listing based on the seller's inputted choice of UP or DOWN at the time of posting.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.