Factum markets auction platform Snappit
New Swiss auction platform, Snappit, auctions up to 1000 exciting products every day. Each auction lasts for only 45 seconds, in which the price gradually moves backwards towards a stated minimum price. The first user to press the Snapp button receives the item at the price displayed in that moment.
Factum has been supporting Snappit in the development of the concept, strategy and assortment as well as with the market launch. As a next step the online auction platform now works with Factum to professionally market its innovative offering.
Snappit explained in 60 seconds (German):