Buy Order

Published: 2016-09-30

Table of Contents:

I. Auto Buy Function Description

II. Rule Description and Adding

III. Auto Buy Rules



I. Auto Buy Function Description

Auto Buy is an automated domain name purchase function. After a buyer sets purchase rules, if a Buy It Now domain name that matches the rules appears in the domain market, the system will automatically purchase it for the buyer (the system scans once every 3 minutes). At the same time, market data is provided as a reference. Buyers and sellers can set buy and sell prices based on transaction data, making transactions more efficient.

If you only want to promptly view Buy It Now domain names for sale that match the rules, and do not need the system to automatically buy for you, we recommend using the Buy It Now Push function. For function description and rules, please refer to “Buy It Now Push”.


II. Rule Description and Adding

Add Auto Buy Rule: Management Center - Domain Trading - I am a Buyer - Auto Buy

1. Rule Types and Description

Auto Buy rules are divided into two types: Common and Custom. Custom rules can set precise filter conditions; Common rules can only set the types and suffixes for which 米哥哥 (west.gg) has statistics, but they incorporate 米哥哥's statistical data to provide market reference for buyers and sellers.

2. Adding and Managing Auto Buy Rules

• After setting the filter conditions, Preview allows you to view domain names that match the rules. Please carefully verify whether all domain names in the list meet your requirements, to avoid incorrect rule settings that lead to incorrect purchase results and unnecessary losses. If incorrect, you can modify directly on this page and regenerate the list for verification. (Note: The generated domain names are mainly used to verify rules other than price; the acquisition unit price is not considered.)

• The account must have the corresponding amount (purchase quantity x purchase unit price) for the rule to be added successfully.

• After confirming the rule is correct, click “Confirm Add”. If there are domain names matching your rule, the program will automatically buy them.

• After adding, you can go to Auto Buy Rule Management to disable/enable, modify, preview, delete, and so on. After a rule is disabled, it can be re-enabled; after deletion, it cannot be restored.


III. View Buy Rules Added by Buyers

1. After a Custom rule is added successfully, it will be displayed in the Custom Rule List. Click the rule name to view detailed information. By default, only valid rules are displayed; you can select a status to view invalid rules.

2. Common Rules display at most 5 buy rules (purchase price from high to low) and 5 selling prices (selling price from low to high) for each domain type. Buyers/sellers can reasonably adjust buy/sell prices to facilitate transactions.


IV. Auto Buy Rules

1. After a buyer adds an Auto Buy rule, if a Buy It Now domain name matching the rule appears in the domain market, the system will automatically purchase them for the buyer in ascending order of selling price.

2. After a seller lists a Buy It Now transaction, if there are matching buy rules, the system will purchase for buyers in descending order of the buy prices set by buyers (for the same buy price, in ascending order of the time the rule was added).

Example:

If Buyer A sets to automatically buy 10 when the price is below 70 yuan, and Buyer B sets to automatically buy 20 when the price is below 60 yuan. When a seller lists 15 domain names at a price of 55 yuan, the system will automatically buy 10 for User A, then automatically buy 5 for User B. If Buyers A and B set the same buy price, purchases will be made in ascending order of the time the rules were added.